---
schema_version: "secwatch.filing_event.v1"
accession: "0000894627-25-000011"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T20:01:11.662044+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VAALCO reports record FY 2024 Adj. EBITDAX $303M, Q4 net income $11.7M; reserves up 57%

## Summary
- Record FY 2024 Adjusted EBITDAX of $303.0M; net income $58.5M ($0.56 diluted EPS).
- Year-end 2024 SEC proved reserves up 57% to 45.0 MMBOE.
- Q4 2024 net income $11.7M ($0.11 diluted EPS); production 20,775 NRI BOEPD.
- Closed $40.2M Svenska acquisition in Côte d'Ivoire; paid back 1.8x initial investment in 8 months.
- 2025 capital budget $270-$330M; new $190M revolver; targeting >$25M shareholder returns.

## SEC filing metadata
- accession: 0000894627-25-000011
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000089462725000011/0000894627-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000089462725000011/egy-20250313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894627-25-000011
- JSON: https://secwatch.observer/filing/0000894627-25-000011.json
- Plain text: https://secwatch.observer/filing/0000894627-25-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.