secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001437749-24-024998
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000143774924024998/0001437749-24-024998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000143774924024998/egy20240520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024998

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