Veren 5/12/2023 Earnings Report

Veren EPS Results

• Actual EPS: C$0.40
• Consensus EPS: C$0.37
• Beat/Miss: Beat by +C$0.03
• One Year Ago EPS: N/A

Veren Revenue Results

• Actual Revenue: $941.90 million
• Expected Revenue: $907.60 million
• Beat/Miss: Beat by +$34.30 million
• YoY Revenue Growth: N/A

Veren Announcement Details

• Date: 5/12/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Veren (TSE:VRN) is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.