secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001437749-23-009578
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VAALCO reports FY 2022 net income $51.9M, raises dividend 92%, provides 2023 guidance
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- FY 2022 net income $51.9M ($0.73 diluted); Adjusted Net Income $104.3M ($1.49 diluted).
- Q4 2022 net income $17.8M ($0.17 diluted); Adjusted Net Income $19.2M ($0.19).
- Quarterly dividend raised 92% to $0.0625/share for Q1 2023 ($0.25 annualized).
- FY 2022 average daily production up 44% to 10,217 NRI BOEPD; record Adjusted EBITDAX $186.6M.
- 2023 capital expenditure guidance $70-$90 million; year-end SEC proved reserves up 149% to 27.9 MMBOE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000143774923009578/0001437749-23-009578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000143774923009578/egy20221005_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009578

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