- Understand $vrn stock

$VRN Market Cap: $5.362 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.841B

TTM

Gross Margin

74.07%

TTM

Net Earnings

-$9.400M

TTM

Current Assets

$630.5M

Q2 2024

Current Liabilities

$1.287B

Q2 2024

Current Ratio

49.0%

Q2 2024

Total Assets

$11.34B

Q2 2024

Total Liabilities

$4.812B

Q2 2024

Book Value

$6.525B

Q2 2024

Cash

P/E

-570.4

Nov 13, 2024 EST

Free Cash Flow

-$693.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$3.190B	$3.993B	$2.829B	$1.488B	$2.877B	$3.321B	$2.859B	$2.185B	$2.364B	$3.460B	$2.882B	$2.395B	$1.739B	$1.159B	$718.8M	$1.137B	$417.9M	$321.0M	$144.0M	$95.80M	$58.00M	$18.80M	$400.0K
YoY Change	-20.11%	41.13%	90.15%	-48.28%	-13.35%	16.15%	30.86%	-7.6%	-31.67%	20.04%	20.35%	37.71%	50.03%	61.27%	-36.75%	171.96%	30.19%	122.92%	50.31%	65.17%	208.51%	4600.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$3.190B	$3.993B	$2.829B	$1.488B	$2.877B	$3.321B	$2.859B	$2.185B	$2.364B	$3.460B	$2.882B	$2.395B	$1.739B	$1.159B	$718.8M	$1.137B	$417.9M	$321.0M	$144.0M	$95.80M	$58.00M	$18.80M	$400.0K
Cost Of Revenue	$839.1M	$816.0M	$657.9M	$574.0M	$753.0M	$877.8M	$835.0M	$691.9M	$706.5M	$647.7M	$505.1M	$421.1M	$300.7M	$248.0M	$146.2M	$123.3M	$94.90M	$69.40M	$35.90M	$22.90M	$11.60M	$4.200M	$100.0K
Gross Profit	$2.351B	$3.177B	$2.172B	$914.0M	$2.124B	$2.443B	$2.024B	$1.493B	$1.658B	$2.812B	$2.377B	$1.974B	$1.438B	$911.2M	$572.6M	$1.013B	$323.0M	$251.6M	$108.1M	$72.90M	$46.40M	$14.60M	$300.0K
Gross Profit Margin	73.7%	79.56%	76.75%	61.42%	73.83%	73.56%	70.79%	68.33%	70.12%	81.28%	82.48%	82.42%	82.71%	78.61%	79.66%	89.15%	77.29%	78.38%	75.07%	76.1%	80.0%	77.66%	75.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$291.0M	$255.6M	$233.0M	$185.5M	$234.2M	$294.5M	$290.1M	$286.3M	$294.5M	$265.1M	$224.7M	$164.2M	$156.7M	$130.4M	$105.7M	$97.40M	$49.50M	$46.20M	$21.30M	$9.900M	$3.200M	$2.500M	$400.0K
YoY Change	13.85%	9.7%	25.61%	-20.79%	-20.48%	1.52%	1.33%	-2.78%	11.09%	17.98%	36.85%	4.79%	20.17%	23.37%	8.52%	96.77%	7.14%	116.9%	115.15%	209.38%	28.0%	525.0%
% of Gross Profit	12.38%	8.05%	10.73%	20.3%	11.03%	12.06%	14.34%	19.18%	17.76%	9.43%	9.45%	8.32%	10.89%	14.31%	18.46%	9.61%	15.33%	18.36%	19.7%	13.58%	6.9%	17.12%	133.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.065B	$951.7M	$786.1M	$4.271B	$2.713B	$5.285B	$1.741B	$2.220B	$3.138B	$2.223B	$1.559B	$1.444B	$939.5M	$685.2M	$423.1M	$315.5M	$242.9M	$138.5M	$66.80M	$41.30M	$19.20M	$5.700M	$200.0K
YoY Change	11.91%	21.07%	-81.59%	57.39%	-48.66%	203.47%	-21.56%	-29.26%	41.2%	42.57%	7.96%	53.7%	37.11%	61.95%	34.1%	29.89%	75.38%	107.34%	61.74%	115.1%	236.84%	2750.0%
% of Gross Profit	45.3%	29.96%	36.2%	467.23%	127.74%	216.35%	86.05%	148.73%	189.31%	79.03%	65.58%	73.16%	65.32%	75.2%	73.89%	31.14%	75.2%	55.05%	61.79%	56.65%	41.38%	39.04%	66.67%
Operating Expenses	$1.205B	$1.222B	$1.039B	$913.9M	$1.472B	$1.905B	$1.859B	$1.918B	$3.456B	$2.509B	$1.797B	$1.430B	$1.106B	$825.2M	$536.0M	$418.2M	$296.8M	$187.9M	$90.10M	$52.00M	$22.60M	$8.200M	$600.0K
YoY Change	-1.46%	17.66%	13.67%	-37.92%	-22.71%	2.48%	-3.09%	-44.5%	37.74%	39.61%	25.64%	29.34%	34.02%	53.96%	28.17%	40.9%	57.96%	108.55%	73.27%	130.09%	175.61%	1266.67%
Operating Profit	$1.146B	$1.955B	$1.133B	$100.0K	$651.9M	$537.9M	$165.0M	-$425.3M	-$1.798B	$303.3M	$580.0M	$543.4M	$332.5M	$86.00M	$36.60M	$595.0M	$26.20M	$63.70M	$18.00M	$20.90M	$23.80M	$6.400M	-$300.0K
YoY Change	-41.36%	72.57%	1132600.0%	-99.98%	21.19%	226.0%	-138.8%	-76.34%	-692.78%	-47.71%	6.74%	63.43%	286.63%	134.97%	-93.85%	2170.99%	-58.87%	253.89%	-13.88%	-12.18%	271.88%	-2233.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense	$44.40M	-$555.8M	-$565.0M	$84.30M	-$172.3M	-$253.2M	-$12.40M	-$259.5M	$349.0M	$523.4M	-$355.7M	-$157.7M	-$71.30M	-$10.60M	-$35.10M	-$33.50M	-$21.80M	-$13.70M	-$5.400M	-$3.400M	-$1.300M	-$500.0K	$0.00
YoY Change	-107.99%	-1.63%	-770.23%	-148.93%	-31.95%	1941.94%	-95.22%	-174.36%	-33.32%	-247.15%	125.55%	121.18%	572.64%	-69.8%	4.78%	53.67%	59.12%	153.7%	58.82%	161.54%	160.0%
% of Operating Profit	3.87%	-28.43%	-49.88%	84300.0%	-26.43%	-47.07%	-7.52%			172.57%	-61.33%	-29.02%	-21.44%	-12.33%	-95.9%	-5.63%	-83.21%	-21.51%	-30.0%	-16.27%	-5.46%	-7.81%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$1.053B	$1.871B	$3.164B	-$3.148B	-$1.192B	-$3.555B	-$23.60M	-$1.314B	-$1.444B	$812.9M	$218.5M	$208.7M	$258.5M	$67.50M	$1.500M	$561.4M	$4.400M	$50.00M	$12.60M	$17.50M	$17.20M	$5.600M	-$300.0K
YoY Change	-43.72%	-40.85%	-200.52%	163.99%	-66.47%	14965.25%	-98.2%	-9.04%	-277.67%	272.04%	4.7%	-19.26%	282.96%	4400.0%	-99.73%	12659.09%	-91.2%	296.83%	-28.0%	1.74%	207.14%	-1966.67%
Income Tax	$253.7M	$387.9M	$799.7M	-$627.6M	-$159.0M	-$938.5M	-$7.100M	-$381.1M	-$574.1M	$304.0M	$73.60M	$18.00M	$57.30M	$16.60M	$32.60M	$97.30M	$36.60M	-$16.60M	-$27.80M	-$12.40M	$8.100M	$2.300M	-$100.0K
% Of Pretax Income	24.09%	20.73%	25.28%							37.4%	33.68%	8.62%	22.17%	24.59%	2173.33%	17.33%	831.82%	-33.2%	-220.63%	-70.86%	47.09%	41.07%
Net Earnings	$570.3M	$1.483B	$2.364B	-$2.520B	-$1.033B	-$2.617B	-$124.0M	-$932.7M	-$870.2M	$508.9M	$144.9M	$190.7M	$201.1M	$50.90M	-$31.10M	$464.1M	-$32.20M	$68.90M	$38.50M	$29.70M	$9.100M	$3.300M	-$200.0K
YoY Change	-61.55%	-37.25%	-193.82%	143.87%	-60.51%	2010.4%	-86.71%	7.18%	-271.0%	251.21%	-24.02%	-5.17%	295.09%	-263.67%	-106.7%	-1541.3%	-146.73%	78.96%	29.63%	226.37%	175.76%	-1750.0%
Net Earnings / Revenue	17.88%	37.15%	83.55%	-169.35%	-35.91%	-78.81%	-4.34%	-42.69%	-36.81%	14.71%	5.03%	7.96%	11.56%	4.39%	-4.33%	40.84%	-7.71%	21.46%	26.74%	31.0%	15.69%	17.55%	-50.0%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.04	$2.60	$4.111M	-$4.761M	-$1.894M	-$4.766M	-$227.4K	-$1.807M	-$1.819M	$1.209M	$373.7K	$574.7K	$722.9K	$213.2K	-$194.6K	$3.686M	-$319.8K	$1.083M	$1.066M	$1.057M	$494.6K	$139.8K	-$20.00K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Cash & Short-Term Investments	$17.30M	$289.9M	$13.50M	$9.000M	$57.00M	$15.00M	$62.00M	$13.00M	$25.00M	$4.000M	$16.00M	$0.00	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$0.00	$31.00M	$0.00	$0.00	$1.000M	$1.000M
YoY Change	-94.03%	2047.41%	50.0%	-84.21%	280.0%	-75.81%	376.92%	-48.0%	525.0%	-75.0%		-100.0%	0.0%	0.0%	0.0%	0.0%		-100.0%			-100.0%	0.0%
Cash & Equivalents
Short-Term Investments													$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$0.00	$30.00M	$0.00	$0.00	$0.00
Other Short-Term Assets	$654.8M	$371.5M	$83.10M	$70.00M	$279.0M	$249.0M	$67.00M	$54.00M	$496.0M	$528.0M	$9.000M	$27.00M	$15.00M	$12.00M	$11.00M	$86.00M	$2.000M	$6.000M	$7.000M	$0.00	$0.00	$0.00	$0.00
YoY Change	76.26%	347.05%	18.71%	-74.91%	12.05%	271.64%	24.07%	-89.11%	-6.06%	5766.67%	-66.67%	80.0%	25.0%	9.09%	-87.21%	4200.0%	-66.67%	-14.29%
Inventory
Prepaid Expenses
Receivables	$377.9M	$327.8M	$314.3M	$201.0M	$296.0M	$323.0M	$380.0M	$336.0M	$327.0M	$419.0M	$353.0M	$302.0M	$293.0M	$200.0M	$142.0M	$92.00M	$103.0M	$53.00M	$41.00M	$21.00M	$18.00M	$11.00M	$1.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.050B	$989.2M	$410.9M	$279.0M	$632.0M	$587.0M	$509.0M	$404.0M	$847.0M	$950.0M	$377.0M	$330.0M	$309.0M	$213.0M	$154.0M	$179.0M	$107.0M	$59.00M	$78.00M	$21.00M	$18.00M	$12.00M	$2.000M
YoY Change	6.15%	140.74%	47.28%	-55.85%	7.67%	15.32%	25.99%	-52.3%	-10.84%	151.99%	14.24%	6.8%	45.07%	38.31%	-13.97%	67.29%	81.36%	-24.36%	271.43%	16.67%	50.0%	500.0%
Property, Plant & Equipment	$11.43B	$7.912B	$7.828B	$4.562B	$8.211B	$10.90B	$14.70B	$14.67B	$15.49B	$14.87B	$11.95B	$11.40B	$8.039B	$7.444B	$4.939B	$2.732B	$2.429B	$1.214B	$636.0M	$328.0M	$169.0M	$59.00M	$10.00M
YoY Change	44.45%	1.08%	71.58%	-44.44%	-24.69%	-25.81%	0.16%	-5.3%	4.18%	24.49%	4.79%	41.82%	7.99%	50.72%	80.78%	12.47%	100.08%	90.88%	93.9%	94.08%	186.44%	490.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$0.00	$3.000M	$7.000M	$9.000M	$73.00M	$36.00M	$30.00M	$50.00M	$74.00M	$85.00M	$152.0M	$62.00M	$230.0M	$225.0M	$6.000M	$30.00M	$0.00				$0.00
YoY Change			-100.0%	-57.14%	-22.22%	-87.67%	102.78%	20.0%	-40.0%	-32.43%	-12.94%	-44.08%	145.16%	-73.04%	2.22%	3650.0%	-80.0%
Other Assets	$21.70M	$381.6M	$714.9M	$1.564B	$996.0M	$973.0M	$458.0M	$785.0M	$978.0M	$331.0M	$74.00M	$53.00M	$16.00M	$8.000M	$7.000M	$103.0M	$2.000M	$2.000M	$26.00M	$0.00	$1.000M	$3.000M	$1.000M
YoY Change	-94.31%	-46.62%	-54.29%	57.03%	2.36%	112.45%	-41.66%	-19.73%	195.47%	347.3%	39.62%	231.25%	100.0%	14.29%	-93.2%	5050.0%	0.0%	-92.31%		-100.0%	-66.67%	200.0%
Total Long-Term Assets	$11.73B	$8.497B	$8.760B	$6.367B	$9.460B	$12.14B	$15.50B	$15.76B	$16.77B	$15.52B	$12.36B	$11.80B	$8.425B	$7.731B	$5.285B	$3.129B	$2.506B	$1.314B	$730.0M	$387.0M	$191.0M	$63.00M	$11.00M
YoY Change	37.99%	-3.0%	37.59%	-32.7%	-22.1%	-21.64%	-1.68%	-6.02%	8.07%	25.54%	4.73%	40.08%	8.98%	46.28%	68.9%	24.86%	90.72%	80.0%	88.63%	102.62%	203.17%	472.73%
Total Assets	$12.78B	$9.486B	$9.171B	$6.646B	$10.09B	$12.73B	$16.01B	$16.16B	$17.62B	$16.47B	$12.74B	$12.13B	$8.734B	$7.944B	$5.439B	$3.308B	$2.613B	$1.373B	$808.0M	$408.0M	$209.0M	$75.00M	$13.00M
YoY Change
Accounts Payable	$634.9M	$448.2M	$450.7M	$312.0M	$479.0M	$533.0M	$613.0M	$647.0M	$679.0M	$839.0M	$789.0M	$655.0M	$553.0M	$344.0M	$211.0M	$118.0M	$144.0M	$53.00M	$41.00M	$20.00M	$14.00M	$15.00M	$2.000M
YoY Change	41.66%	-0.55%	44.46%	-34.86%	-10.13%	-13.05%	-5.26%	-4.71%	-19.07%	6.34%	20.46%	18.44%	60.76%	63.03%	78.81%	-18.06%	171.7%	29.27%	105.0%	42.86%	-6.67%	650.0%
Accrued Expenses	$37.50M	$49.10M
YoY Change	-23.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$596.0M	$254.0M	$226.0M	$93.00M	$40.00M	$14.00M	$0.00
YoY Change																-100.0%	134.65%	12.39%	143.01%	132.5%	185.71%
Long-Term Debt Due	$420.5M	$563.6M	$303.6M	$248.0M	$232.0M	$100.0M	$64.00M	$91.00M	$72.00M	$94.00M
YoY Change	-25.39%	85.64%	22.42%	6.9%	132.0%	56.25%	-29.67%	26.39%	-23.4%
Total Short-Term Liabilities	$1.374B	$1.239B	$1.032B	$669.0M	$775.0M	$689.0M	$864.0M	$843.0M	$836.0M	$1.091B	$998.0M	$757.0M	$681.0M	$450.0M	$253.0M	$139.0M	$827.0M	$324.0M	$300.0M	$124.0M	$57.00M	$29.00M	$2.000M
YoY Change	10.86%	20.03%	54.29%	-13.68%	12.48%	-20.25%	2.49%	0.84%	-23.37%	9.32%	31.84%	11.16%	51.33%	77.87%	82.01%	-83.19%	155.25%	8.0%	141.94%	117.54%	96.55%	1350.0%
Long-Term Debt	$3.291B	$1.002B	$1.808B	$2.168B	$2.854B	$4.177B	$4.047B	$3.730B	$4.380B	$2.850B	$1.734B	$1.475B	$1.099B	$1.006B	$519.0M	$919.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	228.39%	-44.58%	-16.61%	-24.04%	-31.67%	3.21%	8.5%	-14.84%	53.68%	64.36%	17.56%	34.21%	9.24%	93.83%	-43.53%
Other Long-Term Liabilities	$601.2M	$674.7M	$925.7M	$986.0M	$1.120B	$1.252B	$1.381B	$1.348B	$1.280B	$1.017B	$640.0M	$513.0M	$445.0M	$399.0M	$182.0M	$74.00M	$126.0M	$58.00M	$38.00M	$21.00M	$5.000M	$0.00	$0.00
YoY Change	-10.89%	-27.11%	-6.12%	-11.96%	-10.54%	-9.34%	2.45%	5.31%	25.86%	58.91%	24.76%	15.28%	11.53%	119.23%	145.95%	-41.27%	117.24%	52.63%	80.95%	320.0%
Total Long-Term Liabilities	$3.892B	$1.677B	$2.734B	$3.154B	$3.974B	$5.429B	$5.428B	$5.078B	$5.660B	$3.867B	$2.374B	$1.988B	$1.544B	$1.405B	$701.0M	$993.0M	$126.0M	$58.00M	$38.00M	$21.00M	$5.000M	$0.00	$0.00
YoY Change	132.1%	-38.67%	-13.33%	-20.63%	-26.8%	0.02%	6.89%	-10.28%	46.37%	62.89%	19.42%	28.76%	9.89%	100.43%	-29.41%	688.1%	117.24%	52.63%	80.95%	320.0%
Total Liabilities	$5.908B	$2.993B	$3.766B	$3.823B	$4.749B	$6.118B	$6.842B	$6.572B	$7.491B	$6.306B	$4.237B	$3.537B	$2.878B	$2.452B	$1.461B	$1.463B	$1.196B	$467.0M	$376.0M	$182.0M	$91.00M	$35.00M	$6.000M
YoY Change	97.4%	-20.52%	-1.49%	-19.5%	-22.38%	-10.58%	4.11%	-12.27%	18.79%	48.83%	19.79%	22.9%	17.37%	67.83%	-0.14%	22.32%	156.1%	24.2%	106.59%	100.0%	160.0%	483.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.3621 Billion

About

Veren Inc is a CA-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Calgary, Alberta and currently employs 777 full-time employees. The company went IPO on 2001-10-31. Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The firm is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

Industry: Crude Petroleum & Natural Gas Peers: