---
schema_version: "secwatch.filing_event.v1"
accession: "0000894627-25-000020"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T02:45:02.210359+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VAALCO Q1 net income $7.7M; production above guidance; cuts 2025 capex 10%

## Summary
- Net income $7.7M ($0.07/diluted share); Adjusted Net Income $6.3M ($0.06/share); Adjusted EBITDAX $57.0M.
- Q1 production 17,764 NRI BOEPD above high end of guidance; sales 19,074 NRI BOEPD toward high end.
- Reduced full year 2025 capex guidance ~10% without affecting production/sales guidance.
- Entered new $190M reserves-based revolving credit facility (can grow to $300M); acquired 70% WI in CI-705 block offshore Côte D'Ivoire.
- Declared quarterly dividend $0.0625/share payable June 27, 2025; Capital Markets Day May 14.

## SEC filing metadata
- accession: 0000894627-25-000020
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000089462725000020/0000894627-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000089462725000020/egy-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894627-25-000020
- JSON: https://secwatch.observer/filing/0000894627-25-000020.json
- Plain text: https://secwatch.observer/filing/0000894627-25-000020.txt

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