Veren (TSE:VRN) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Veren Inc. reported robust Q2 2024 results, generating $195 million in excess cash flow and reducing net debt by $620 million, partly due to non-core asset sales. The company’s operational efficiency is highlighted by top-performing wells in Alberta, contributing to a net income of $261 million. Veren remains committed to rewarding shareholders, with 60% of the annual excess cash flow returned through dividends and share repurchases.
For further insights into TSE:VRN stock, check out TipRanks’ Stock Analysis page.
