---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022814"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-12T00:01:24.327169+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VAALCO Q2 net income $6.8M; raises 2023 production guidance 7%, cuts capex by $10M

## Summary
- Q2 net income $6.8M ($0.06/diluted sh); adjusted net income $11.9M ($0.11/sh).
- Avg daily production 19,676 NRI BOEPD (+7% QoQ); full-year guidance raised 7% to 17,300-19,000 NRI BOEPD.
- Full-year capex guidance reduced by $10M to $65-$75M; adjusted EBITDAX $65.3M (+37% QoQ).
- Quarterly dividend increased 92% to $0.0625/sh ($0.25 annualized), payable Sep 22, record Aug 25.
- $14.9M returned via share buybacks (3.8M shares since Nov 2022); cash $46.2M, adjusted working capital $55.7M.

## SEC filing metadata
- accession: 0001437749-23-022814
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774923022814/0001437749-23-022814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774923022814/egy20230518_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022814
- JSON: https://secwatch.observer/filing/0001437749-23-022814.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022814.txt

## Key facts
- Earnings Releases
  VAALCO ENERGY INC /DE/ reported second quarter of 2023 results: net income $6.8 million, EPS $0.06 per diluted share. Guidance raised.
  - Period: second quarter of 2023
  - Net income: $6.8 million
  - EPS: $0.06 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: VAALCO Energy, Inc. (the "Company") issued a press release announcing its financial results for the second quarter of 2023 and guidance for the remainder of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000143774923022814/0001437749-23-022814-index.htm

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