---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015135"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:30:39.501426+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VAALCO Q1 net income $7.7M; closes $40.2M Svenska acquisition; declares $0.0625 dividend

## Summary
- Net income $7.7M ($0.07 diluted EPS); Adjusted Net Income $6.5M ($0.06 diluted).
- Adjusted EBITDAX $61.7M; NRI production 16,848 BOEPD, WI 21,807 BOEPD.
- Closed all-cash acquisition of Svenska Petroleum Exploration for net $40.2M, expanding West African assets.
- Unrestricted cash $113.3M; quarterly dividend $0.0625/share payable June 21, 2024.
- Baobab field restarted after April maintenance at >5,000 WI BOEPD (99% oil).

## SEC filing metadata
- accession: 0001437749-24-015135
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2024-05-07T23:59:59+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/894627/000143774924015135/0001437749-24-015135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774924015135/egy20240326c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015135
- JSON: https://secwatch.observer/filing/0001437749-24-015135.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015135.txt

## Key facts
- Earnings Releases
  VAALCO ENERGY INC /DE/ reported the first quarter of 2024 results: net income $7.7 million ($0.07 per diluted share), EPS $0.07 per diluted share. Guidance reaffirmed.
  - Period: the first quarter of 2024
  - Net income: $7.7 million ($0.07 per diluted share)
  - EPS: $0.07 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000143774924015135/0001437749-24-015135-index.htm

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