---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-008838"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:46:50.400405+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VAALCO reports preliminary FY2022 net income $49-55M; raises dividend 92% to $0.0625/qtr

## Summary
- FY2022 avg daily production 10,217 NRI BOEPD (+47% YoY); Q4 production 14,390 NRI BOEPD.
- Year-end 2022 SEC proved reserves 27.9 MMBOE (+149%); PV-10 value $624.5M (+529%).
- Increased quarterly dividend 92% to $0.0625/share ($0.25 annualized) for Q1 2023.
- FY2022 net income expected $49-55M; record Adjusted EBITDAX $186.6M.
- 2023 capex guidance $70-90M; $7.5M returned via buybacks since Nov 2022.

## SEC filing metadata
- accession: 0001437749-23-008838
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774923008838/0001437749-23-008838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774923008838/egy20230330c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-008838
- JSON: https://secwatch.observer/filing/0001437749-23-008838.json
- Plain text: https://secwatch.observer/filing/0001437749-23-008838.txt

## Key facts
- Earnings Releases
  VAALCO ENERGY INC /DE/ reported the fourth quarter and full year of 2022 results: net income Expects to report FY 2022 net income of between $49 and $55 million ; Expects to record fourth quarter 2022 net income o. Guidance reaffirmed.
  - Period: the fourth quarter and full year of 2022
  - Net income: Expects to report FY 2022 net income of between $49 and $55 million ; Expects to record fourth quarter 2022 net income o
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: VAALCO Energy, Inc. (the “Company”) issued a press release announcing operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022 and guidance for the year of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000143774923008838/0001437749-23-008838-index.htm

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