---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024998"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T12:01:31.705856+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VAALCO Q2 net income $28.2M; closes Svensk acquisition with $19.9M bargain gain

## Summary
- Net income $28.2M ($0.27 diluted EPS); Adjusted net income $22.6M ($0.22 diluted EPS).
- Closed all-cash acquisition of Svenska for $40.2M, realizing $19.9M bargain purchase gain.
- Production 20,588 NRI BOEPD; sales 19,386 BOEPD, above guidance midpoint and 18% above Q1 2024.
- Adjusted EBITDAX $72.5M, up 17% from Q1 2024; unrestricted cash $62.9M after acquisition and capex.
- Declared quarterly dividend $0.0625/share, payable Sept 20, 2024.

## SEC filing metadata
- accession: 0001437749-24-024998
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774924024998/0001437749-24-024998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774924024998/egy20240520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024998
- JSON: https://secwatch.observer/filing/0001437749-24-024998.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024998.txt

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