Veren Inc
As of May 12, 2025, Veren Inc. was acquired by Whitecap Resources Inc. Veren Inc. engages in acquiring, developing, and holding interests in petroleum assets operations across western Canada. Veren Inc. was formerly known as Crescent Point Energy Corp. and changed its name to Veren Inc. in May 2024. The company was founded in 1994 and is based in Calgary, Canada.
Veren Inc (VRN) - Net Assets
Latest net assets as of December 2024: $6.76 Billion USD
Based on the latest financial reports, Veren Inc (VRN) has net assets worth $6.76 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.75 Billion) and total liabilities ($4.99 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.76 Billion |
| % of Total Assets | 57.54% |
| Annual Growth Rate | 34.22% |
| 5-Year Change | 139.51% |
| 10-Year Change | -33.22% |
| Growth Volatility | 95.09 |
Veren Inc - Net Assets Trend (2001–2024)
This chart illustrates how Veren Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Veren Inc (2001–2024)
The table below shows the annual net assets of Veren Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.76 Billion | -1.55% |
| 2023-12-31 | $6.87 Billion | +5.76% |
| 2022-12-31 | $6.49 Billion | +20.13% |
| 2021-12-31 | $5.41 Billion | +91.49% |
| 2020-12-31 | $2.82 Billion | -47.17% |
| 2019-12-31 | $5.34 Billion | -19.21% |
| 2018-12-31 | $6.61 Billion | -27.83% |
| 2017-12-31 | $9.16 Billion | -4.47% |
| 2016-12-31 | $9.59 Billion | -5.27% |
| 2015-12-31 | $10.12 Billion | -0.35% |
| 2014-12-31 | $10.16 Billion | +19.54% |
| 2013-12-31 | $8.50 Billion | -1.77% |
| 2012-12-31 | $8.65 Billion | +47.75% |
| 2011-12-31 | $5.86 Billion | +6.03% |
| 2010-12-31 | $5.52 Billion | +38.83% |
| 2009-12-31 | $3.98 Billion | +115.66% |
| 2008-12-31 | $1.84 Billion | +30.19% |
| 2007-12-31 | $1.42 Billion | +56.34% |
| 2006-12-31 | $906.38 Million | +109.49% |
| 2005-12-31 | $432.67 Million | +97.97% |
| 2004-12-31 | $218.55 Million | +86.32% |
| 2003-12-31 | $117.30 Million | +192.56% |
| 2002-12-31 | $40.09 Million | +416.44% |
| 2001-12-31 | $7.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veren Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1021301731700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $16.96 Billion | 250.85% |
| Other Components | $14.50 Million | 0.21% |
| Total Equity | $6.76 Billion | 100.00% |
Veren Inc Competitors by Market Cap
The table below lists competitors of Veren Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WPG Holdings Ltd
TW:3702
|
$3.65 Billion |
|
CLICKS GROUP LTD RC-01
F:N1C
|
$3.65 Billion |
|
iSoftStone Information Technology (Group) Co. Ltd.
SHE:301236
|
$3.65 Billion |
|
Humanwell Healthcare Group Co Ltd
SHG:600079
|
$3.66 Billion |
|
TIS Inc
F:4HO
|
$3.65 Billion |
|
PEPCO GROUP N.V. EO-01
F:8UX
|
$3.64 Billion |
|
NovaGold Resources Inc
NYSE MKT:NG
|
$3.64 Billion |
|
Bolloré SE
PINK:BOIVF
|
$3.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veren Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,867,500,000 to 6,761,000,000, a change of -106,500,000 (-1.6%).
- Net income of 273,300,000 contributed positively to equity growth.
- Dividend payments of 284,600,000 reduced retained earnings.
- Share repurchases of 101,900,000 reduced equity.
- Other comprehensive income increased equity by 100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $273.30 Million | +4.04% |
| Dividends Paid | $284.60 Million | -4.21% |
| Share Repurchases | $101.90 Million | -1.51% |
| Other Comprehensive Income | $100.00K | +0.0% |
| Other Changes | $6.60 Million | +0.1% |
| Total Change | $- | -1.55% |
Book Value vs Market Value Analysis
This analysis compares Veren Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.55x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.59x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $1.08 | $6.01 | x |
| 2002-12-31 | $1.75 | $6.01 | x |
| 2003-12-31 | $6.38 | $6.01 | x |
| 2004-12-31 | $7.86 | $6.01 | x |
| 2005-12-31 | $12.36 | $6.01 | x |
| 2006-12-31 | $13.80 | $6.01 | x |
| 2007-12-31 | $14.10 | $6.01 | x |
| 2008-12-31 | $14.65 | $6.01 | x |
| 2009-12-31 | $24.54 | $6.01 | x |
| 2010-12-31 | $23.14 | $6.01 | x |
| 2011-12-31 | $21.05 | $6.01 | x |
| 2012-12-31 | $26.08 | $6.01 | x |
| 2013-12-31 | $21.92 | $6.01 | x |
| 2014-12-31 | $24.13 | $6.01 | x |
| 2015-12-31 | $21.17 | $6.01 | x |
| 2016-12-31 | $18.58 | $6.01 | x |
| 2017-12-31 | $16.81 | $6.01 | x |
| 2018-12-31 | $12.04 | $6.01 | x |
| 2019-12-31 | $9.79 | $6.01 | x |
| 2020-12-31 | $5.33 | $6.01 | x |
| 2021-12-31 | $9.40 | $6.01 | x |
| 2022-12-31 | $11.37 | $6.01 | x |
| 2023-12-31 | $12.52 | $6.01 | x |
| 2024-12-31 | $10.92 | $6.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veren Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.19%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.74x
- Recent ROE (4.04%) is above the historical average (-0.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -2.35% | -44.11% | 0.03x | 1.72x | $-959.03K |
| 2002 | 8.23% | 17.59% | 0.25x | 1.86x | $-709.75K |
| 2003 | 7.69% | 12.05% | 0.36x | 1.75x | $-2.71 Million |
| 2004 | 14.03% | 19.74% | 0.39x | 1.82x | $8.80 Million |
| 2005 | 9.06% | 15.34% | 0.31x | 1.90x | $-4.00 Million |
| 2006 | 7.61% | 16.13% | 0.31x | 1.52x | $-21.69 Million |
| 2007 | -2.27% | -4.93% | 0.25x | 1.84x | $-173.87 Million |
| 2008 | 25.16% | 38.24% | 0.37x | 1.79x | $279.62 Million |
| 2009 | -0.78% | -3.49% | 0.16x | 1.37x | $-428.92 Million |
| 2010 | 0.36% | 1.35% | 0.19x | 1.42x | $-532.33 Million |
| 2011 | 3.43% | 9.48% | 0.24x | 1.49x | $-384.52 Million |
| 2012 | 2.20% | 8.56% | 0.18x | 1.40x | $-674.66 Million |
| 2013 | 1.70% | 5.03% | 0.23x | 1.50x | $-705.13 Million |
| 2014 | 5.01% | 14.71% | 0.21x | 1.62x | $-507.19 Million |
| 2015 | -8.59% | -36.81% | 0.13x | 1.74x | $-1.88 Billion |
| 2016 | -9.72% | -42.69% | 0.14x | 1.69x | $-1.89 Billion |
| 2017 | -1.35% | -4.34% | 0.18x | 1.75x | $-1.04 Billion |
| 2018 | -39.57% | -78.81% | 0.26x | 1.93x | $-3.28 Billion |
| 2019 | -19.34% | -35.91% | 0.29x | 1.89x | $-1.57 Billion |
| 2020 | -89.27% | -169.35% | 0.22x | 2.35x | $-2.80 Billion |
| 2021 | 43.74% | 83.55% | 0.31x | 1.70x | $1.82 Billion |
| 2022 | 22.84% | 42.23% | 0.37x | 1.46x | $834.06 Million |
| 2023 | 8.30% | 16.00% | 0.28x | 1.86x | $-116.45 Million |
| 2024 | 4.04% | 6.19% | 0.38x | 1.74x | $-402.80 Million |
Industry Comparison
This section compares Veren Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veren Inc (VRN) | $6.76 Billion | -2.35% | 0.74x | $3.65 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |