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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vermilion Energy's retained earnings for the quarter that ended in Mar. 2026 was $-1,561 Mil.
Vermilion Energy's quarterly retained earnings
declined
from Sep. 2025 ($-1,106 Mil) to Dec. 2025 ($-1,436 Mil) and
declined
from Dec. 2025 ($-1,436 Mil) to Mar. 2026 ($-1,561 Mil).
Vermilion Energy's annual retained earnings
increased
from Dec. 2023 ($-942 Mil) to Dec. 2024 ($-905 Mil) but then
declined
from Dec. 2024 ($-905 Mil) to Dec. 2025 ($-1,436 Mil).
Vermilion Energy (NYSE:VET) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Vermilion Energy Retained Earnings Historical Data
* Premium members only.
The historical data trend for Vermilion Energy's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-1,561 Mil mean?
Vermilion Energy (VET) has a Retained Earnings of $-1,561 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Vermilion Energy and its competitors.
Is Vermilion Energy's Retained Earnings too high?
Vermilion Energy's current Retained Earnings is $-1,561 Mil. Overall, Vermilion Energy has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vermilion Energy's Retained Earnings compare to COP and EOG?
Vermilion Energy's Retained Earnings of $-1,561 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Vermilion Energy and its competitors. Vermilion Energy's current Retained Earnings is $-1,561 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vermilion Energy stock overvalued right now?
Based on GuruFocus' analysis, Vermilion Energy (VET) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.89, compared to a current price of $11.03 — trading 11.5% above its estimated fair value. The current Retained Earnings is $-1,561 Mil. Vermilion Energy's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Vermilion Energy (VET), the current Retained Earnings is $-1,561 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vermilion Energy (VET) Overvalued in 2026?
Based on GuruFocus' analysis, Vermilion Energy stock appears to be overvalued.
The current stock price of $11.03 is trading 11.5% above its estimated GF Value™ of $9.89.
GuruFocus considers Vermilion Energy to be Modestly Overvalued.
Key valuation signals for VET:
Retained Earnings: $-1,561 Mil
GF Value™: $9.89 vs. price of $11.03 (11.5% above fair value)
No single metric tells the full story. See the VET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vermilion Energy Inc is an international oil and gas-producing company. The company engages in full-cycle exploration and production programs that focus on the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Its operating segments are: Canada, France, Netherlands, Germany, Ireland, Australia, and CEE, each representing the oil and gas exploration operations at its assets located in these regions. The company mainly derives revenue from the production and sale of petroleum and natural gas. The majority of its revenue is generated from Canada, where the company's operations are mainly focused on the Deep Basin trend in the West Pembina region of Alberta and on the Mica property.
51GF Score
Get the complete analysis for VET
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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