VAALCO Q3 net income $6.1M, production near high end of guidance, declares $0.0625 dividend

VAALCO ENERGY INC /DE/

2023-Q3 EPS reported $0.15 revenue$305,912,000

Q3 NRI production 18,844 BOEPD, WI production 24,430 BOEPD, both at higher end of guidance.
Net income $6.1M ($0.06/diluted); Adjusted Net Income $7.5M ($0.07/diluted).
Unrestricted cash grew 124% to $103.4M; completed $6.0M in share buybacks in quarter.
Declared quarterly dividend $0.0625/share payable Dec 21, 2023; annualized $0.25 (up from $0.13 in 2022).
Reduced Egyptian receivables by $17.7M to $18.8M; Adjusted EBITDAX $71.4M.

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 0.93

VAALCO ENERGY INC /DE/ reported the third quarter of 2023 results: net income $6.1 million ($0.06 per diluted share), EPS $0.06 per diluted share.

Period: the third quarter of 2023
Net income: $6.1 million ($0.06 per diluted share)
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the third quarter of 2023.

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Source: SEC EDGAR

accession 0001437749-23-030705

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