Veren Inc. (VRN)
NYSE NYSE Primary 
Veren: Updating The Long-Term Projection - Patience Will Be Well Rewarded
Veren's 20% sell-off after Q3 results reflects impatience with a production miss and a failed P&P drilling experiment. Core assets remain solid, management has reverted to proven techniques, and insider buying signals confidence. At $70 WTI and C$3 AECO, Veren is projected to generate C$3.7 billion in FCF over five years, supporting dividends, growth, debt reduction, and buybacks.
Veren: Forward Progress Now That Management Has What It Wants
The 10,000 BOED decrease that concerned the market appears to be unprofitable. The experimental wells are unlikely to affect the company materially, no matter how disappointing they are. The infrastructure and deferred maintenance issues should have been expected by the market.
Veren Inc. (VRN) Q3 2024 Earnings Call Transcript
Veren Inc. (NYSE:VRN ) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Participants Craig Bryksa - President and Chief Executive Officer Ken Lamont - Chief Financial Officer Ryan Gritzfeldt - Chief Operating Officer Sarfraz Somani - Manager of Investor Relations Conference Call Participants Michael Harvey - RBC Capital Markets Jeremy McCrea - BMO Capital Markets Dennis Fong - CIBC World Markets Luke Davis - Raymond James Michael Spyker - HTM Amir Arif - ATB Capital Operator Good morning, ladies and gentlemen. My name is Jenny and I will be your operator for Veren's Third Quarter 2024 Conference Call.
Veren (VRN) Misses Q3 Earnings and Revenue Estimates
Veren (VRN) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.31 per share a year ago.
We Are Here To Praise Veren, Not Bury It
We had suggested investors dump Veren for better stories elsewhere. Those stories have outperformed Veren by about 25% since January 2024. We go over why we are warming up to good ol' Crescent Point Energy.
Veren: Onward To The Future
Veren Inc. has achieved investment-grade status. Few management teams can take a zombie corporation to investment-grade status. The company's debt levels have significantly improved. Those debt levels are now headed to conservative territory.
Veren Makes Investment Grade While Integration Continues
Veren Inc. reported C$0.99 in adjusted funds flow from operations, with stock trading at just over two times that figure when annualized. Management completed asset sales to reduce net debt to C$3.0 billion. Declining natural gas prices impacted per share earnings.
Veren (VRN) Matches Q2 Earnings Estimates
Veren (VRN) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.
Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs
Veren Inc., formerly Crescent Point Energy, to report Q2 '24 earnings on 7/25/24. I anticipate the firm to generate $1.15b in revenue and an EPS of $0.52/share. Management anticipates growing daily production by ~25% in eFY25 on a y/y basis, with the long-term target of 250Mbbl/d in 2028. Veren is focusing efforts on their highly liquid assets in the Gold Creek West and Karr West regions.
Earnings Preview: Veren (VRN) Q2 Earnings Expected to Decline
Veren (VRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
