---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013384"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:37:55.345700+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# VAALCO Q1 net income $3.5M ($0.03/diluted); production up 27% YoY; dividend raised 92%

## Summary
- Q1 2023 net income of $3.5M ($0.03 diluted EPS); Adjusted Net Income $7.3M ($0.07 diluted EPS).
- Average daily production 18,306 NRI BOEPD, up 27% vs Q4 2022; sold 1,224,000 BOE in Q1.
- Declared Q2 2023 dividend of $0.0625/share ($0.25 annualized), a 92% increase over 2022.
- Returned $10.5M via share buyback (2.2M shares) since Nov 2022 through May 9, 2023.
- Cash $52.1M; Q2 2023 NRI sales guidance 1.42-1.57M BOE; finalized Block P Venus docs in Equatorial Guinea.

## SEC filing metadata
- accession: 0001437749-23-013384
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774923013384/0001437749-23-013384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774923013384/egy20230330b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013384
- JSON: https://secwatch.observer/filing/0001437749-23-013384.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013384.txt

## Key facts
- Earnings Releases
  VAALCO ENERGY INC /DE/ reported first quarter of 2023 results: net income 3.5 million, EPS 0.03 per diluted share.
  - Period: first quarter of 2023
  - Net income: 3.5 million
  - EPS: 0.03 per diluted share
  - Result: reported results
  source text: Reported Q1 2023 net income of $3.5 million ($ 0.03 per diluted share) and Adjusted Net Income (3) of $7.3 million ( $0.07 per diluted share)
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000143774923013384/0001437749-23-013384-index.htm

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