secwatch.observer — SEC 8-K summary
======================================

Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0000894627-26-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vaalco reports Q1 net loss $93.8M; raises production guidance 8%
----------------------------------------------------------------

- Net loss $93.8M ($0.90/diluted); adjusted net loss $47.2M ($0.45/diluted) excluding $55.9M unrealized derivative loss.
- Sales volumes 12,157 NRI BOEPD, production 15,110 NRI BOEPD — slightly above midpoint guidance.
- Q2 sales guidance 16,800–18,300 NRI BOPD (+44% vs Q1 midpoint); full-year production NRI up 8% at midpoint.
- Drilled Etame 14H (4,850 bopd) and Etame 15H (2,000 bopd); Côte d'Ivoire FPSO restart on track for Q2.
- Divested Canadian assets for $25.5M; quarterly dividend $0.0625/share payable June 26.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000089462726000023/0000894627-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000089462726000023/egy-20260507.htm
  HTML page:      https://secwatch.observer/filing/0000894627-26-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer