Veren Inc.
Veren Inc. (VRN) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Veren Inc. (VRN), covering cash flow, earnings, and balance sheets.
Veren Inc. (VRN) Income Statement & Financial Overview
Explore comprehensive income reports for Veren Inc. VRN, broken down by year and quarter.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $1.09B | $919.90M | $1.05B | $1.02B |
| Cost of Revenue | $488.30M | $682.60M | $672.70M | $711.60M |
| Gross Profit | $597.20M | $237.30M | $375.50M | $310.70M |
| Gross Profit Ratio | $0.55 | $0.26 | $0.36 | $0.30 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $25.00M | $17.20M | $33.40M | $39.50M |
| Operating Expenses | $351.90M | $17.20M | $33.40M | $39.50M |
| Total Costs & Expenses | $840.20M | $699.80M | $706.10M | $751.10M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $15.80M | $48.30M | $62.10M | $61.30M |
| Depreciation & Amortization | $334.00M | $342.30M | $326.20M | $349.00M |
| EBITDA | $540.30M | $751.50M | $718.60M | -$102.90M |
| EBITDA Ratio | $0.50 | $0.82 | $0.69 | -$0.10 |
| Operating Income | $245.30M | $220.10M | $342.10M | $271.20M |
| Operating Income Ratio | $0.23 | $0.24 | $0.33 | $0.27 |
| Other Income/Expenses (Net) | -$86.00M | $145.00M | -$70.60M | -$62.20M |
| Income Before Tax | $159.30M | $365.10M | $334.40M | -$515.10M |
| Income Before Tax Ratio | $0.15 | $0.40 | $0.32 | -$0.50 |
| Income Tax Expense | $14.60M | $87.90M | $73.50M | -$116.20M |
| Net Income | $146.80M | $277.20M | $261.00M | -$411.70M |
| Net Income Ratio | $0.14 | $0.30 | $0.25 | -$0.40 |
| EPS | $0.24 | $0.45 | $0.42 | -$0.66 |
| Diluted EPS | $0.24 | $0.45 | $0.42 | -$0.66 |
| Weighted Avg Shares Outstanding | $617.07M | $616.58M | $618.66M | $619.94M |
| Weighted Avg Shares Outstanding (Diluted) | $618.18M | $617.47M | $620.30M | $619.94M |
Over the last four quarters, Veren Inc. achieved steady financial progress, growing revenue from $1.02B in Q1 2024 to $1.09B in Q4 2024. Gross profit stayed firm with margins at 55% in Q4 2024 versus 30% in Q1 2024. Operating income totaled $245.30M in Q4 2024, maintaining a 23% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $540.30M. Net income dropped to $146.80M, with EPS at $0.24. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
Unlock 25+ Years of Financial Data
Get access to extended historical data, advanced metrics, and more with our premium plan