secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0000894627-25-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000089462725000011/0000894627-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000089462725000011/egy-20250313.htm
  HTML page:      https://secwatch.observer/filing/0000894627-25-000011

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