secwatch.observer — SEC 8-K summary
======================================

Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030705
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000143774923030705/0001437749-23-030705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000143774923030705/egy20230815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030705

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer