Veren (VRN) reported Q4 adjusted earnings Thursday of 0.40 Canadian dollar ($0.28) per share, up from CA$0.37 a year earlier.
A single analyst polled by FactSet expected CA$0.55.
Oil and gas sales for the quarter ended Dec. 31 were CA$1.03 billion, up from CA$946.7 million a year earlier.
Two analysts polled by FactSet expected CA$1.11 billion.