secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001628280-24-046874
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 $11M ($0.10/diluted), sales up 20% QoQ, raises cash dividend to $0.0625/share
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- Net income $11.0M ($0.10 diluted EPS); Adjusted Net Income $7.9M ($0.08).
- NRI sales 2,134K BOE (23,198 BOEPD), up 20% QoQ; production expense $19.80/BOE, down 33%.
- Adjusted EBITDAX $92.8M, up 28% QoQ; unrestricted cash $89.1M after capex and dividend.
- Completed PSCs for offshore Gabon exploration blocks Niosi Marin and Guduma Marin.
- Declared $0.0625/share quarterly dividend ($0.25 annualized), payable Dec 20, record Nov 22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000162828024046874/0001628280-24-046874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000162828024046874/egy-20241111.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046874

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