Vermilion Energy Inc T.VET

RE:Patience folks

[Moemoney42]

($M except as indicated)	Q2 2022	Q1 2022	Q2 2021	YTD 2022	YTD 2021
Financial
Petroleum and natural gas sales	858,844	810,179	407,179	1,669,023	775,316
Cash flows from operating activities	530,364	341,053	253,406	871,417	372,553
Fund flows from operations	452,901	389,868	172,942	842,769	334,993
Fund flows from operations ($/basic share) (1)	2.75	2.40	1.07	5.16	2.09
Fund flows from operations ($/diluted share) (1)	2.68	2.32	1.05	5.00	2.06
Net earnings	362,621	283,954	451,274	646,575	951,238
Net (loss) earnings ($/basic share)	2.20	1.75	2.79	3.96	5.94
Cash flows used in investing activities	612,634	110,330	97,238	722,964	171,897
Capital expenditures (2)	113,153	85,344	79,176	198,497	162,539
Acquisitions	522,223	6,712	12,519	528,935	12,912
Asset retirement obligations settled	4,300	6,320	3,321	10,620	10,344
Cash dividends ($/share)	0.06	0.06	-	0.12	-
Dividends declared	9,913	9,767	-	19,680	-
% of fund flows from operations (3)	2 %	3 %	- %	2 %	- %
Payout (4)	127,366	101,431	82,497	228,797	172,883
% of fund flows from operations	28 %	26 %	48 %	27 %	52 %
Free Cash Flow	339,748	304,524	93,766	644,272	172,454
Long-term debt	1,527,217	1,380,568	1,769,866	1,527,217	1,769,866
Net debt (7)	1,588,668	1,365,014	1,854,195	1,588,668	1,854,195
Net debt to four quarter trailing fund flows from operations	1.1	1.2	3.2	1.1	3.2

"Based on our Return of Capital Allocation Grid, recent commodity strip⁽³⁾ and internal estimates, we anticipate returning up to 25% of FCF in 2H 2022"
"We will consider various options to return capital; including share buybacks, regular and special dividends and a potential substantial issuer bid."

So assuming VET can repeat the FCF of the first 6 months (which I think they can ) for the balance of the year, we can expect 1.28 billion FCF for the year and 25% being returned to investors in various methods we can expect to see ~$322 million returned by the end of the year..