VAALCO Q3 net income $6.9M, adjusted net income $33.3M; closes TransGlobe merger, $30M buyback

VAALCO ENERGY INC /DE/

2022-Q3 EPS reported $0.57 revenue$257,738,000

Q3 2022 net income $6.9M ($0.11/diluted share); adjusted net income $33.3M ($0.56/diluted share).
Adjusted EBITDAX $42.4M in Q3, $136.8M in first nine months of 2022.
Average daily production 9,157 NRI bopd, above high end of guidance; cash $69.3M, no debt.
Completed TransGlobe business combination on Oct 13, 2022; Venus POD approved in Equatorial Guinea.
Authorized $30M share buyback; declared $0.0325 quarterly dividend payable Dec 22, 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VAALCO ENERGY INC /DE/ reported the quarter ended September 30, 2022 results: net income $6.9 million, EPS $0.11 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $6.9 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

On November 8, 2022, VAALCO Energy, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001437749-22-026429

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