Highest-materiality recent filing
Vaalco reports Q1 net loss $93.8M; raises production guidance 8%
Net loss $93.8M ($0.90/diluted); adjusted net loss $47.2M ($0.45/diluted) excluding $55.9M unrealized derivative loss.
Vaalco reports Etame 14H well flowed ~4,850 gross BOPD; Baobab restart on track for Q2 2026
Etame 14H development well achieved initial flow rate ~4,850 gross BOPD (2,850 net to Vaalco) with 325m net pay in Gamba sands.
VAALCO reports FY2025 net loss $41.4M; production above guidance; Canadian divestiture $25.5M
FY2025 net loss $41.4M ($0.40/diluted share); adjusted net loss $4.0M ($0.04/share).
VAALCO Energy to sell Canada assets for CAD $35M; production ~1,850 BOEPD
Sale price CAD $35M (USD $25.6M) to Petrus Resources; expected close within 30 days.
VAALCO reports 2025 sales at top of guidance, cash up $35M to $58.8M, Gabon drilling successful
Full year 2025 WI sales volumes ~22,100 BOEPD, at top of 20,800-22,200 guidance; production ~21,150 BOEPD at midpoint.
VAALCO reports Q3 net income $1.1M, adjusted net loss $10.3M; raises production guidance
Net income of $1.1M ($0.01 diluted EPS); adjusted net loss of $10.3M ($(0.10) per share).
Vaalco Q2 2025 net income $8.4M, EPS $0.08; production above guidance at 16,956 BOEPD
Reported net income of $8.4M ($0.08 diluted EPS); Adjusted Net Income of $2.3M ($0.02 diluted EPS).
VAALCO stockholders elect directors, ratify KPMG, approve say-on-pay for 2025
Five directors elected: Fawthrop (56.9M for), Maxwell (58.3M), Stubbs (57.3M), Nze-Bekale (54.4M), LaFehr (57.4M).
VAALCO Q1 net income $7.7M; production above guidance; cuts 2025 capex 10%
Net income $7.7M ($0.07/diluted share); Adjusted Net Income $6.3M ($0.06/share); Adjusted EBITDAX $57.0M.
VAALCO terminates undrawn $50M credit facility upon execution of new facility
Prior $50M reserve-based revolving credit facility terminated effective March 18, 2025.
VAALCO reports record FY 2024 Adj. EBITDAX $303M, Q4 net income $11.7M; reserves up 57%
Record FY 2024 Adjusted EBITDAX of $303.0M; net income $58.5M ($0.56 diluted EPS).
VAALCO Energy enters new $300M revolving credit facility (initial $190M) to fund growth projects
Six-year term; amortization begins September 30, 2026; accordion to $300M total.
Full-year 2024 sales volumes: 24,100–24,600 WI BOEPD (19,400–19,800 NRI BOEPD), at midpoint of guidance range.
Vaalco Q3 net income $11M ($0.10/diluted), sales up 20% QoQ, raises cash dividend to $0.0625/share
Net income $11.0M ($0.10 diluted EPS); Adjusted Net Income $7.9M ($0.08).
VAALCO Energy appoints Lynn Willis as permanent Chief Accounting Officer and Controller
Appointment effective August 12, 2024.
VAALCO Q2 net income $28.2M; closes Svensk acquisition with $19.9M bargain gain
Net income $28.2M ($0.27 diluted EPS); Adjusted net income $22.6M ($0.22 diluted EPS).
VAALCO completes Svenska acquisition; audited 2023 results show $166.5M net loss
Acquisition of Svenska (27.39% Baobab field interest) completed on April 30, 2024.
VAALCO Energy amends exec agreements, awards restricted stock and options to CEO, CFO, COO, GC
CEO Maxwell receives 141,156 restricted shares and 261,545 options; other execs receive proportionate grants.
VAALCO shareholders approve 60% increase in LTIP share reserve to 14.75M shares
Stockholders approved amendment to 2020 LTIP, increasing authorized shares by 5.5M to 14.75M total.
VAALCO declares Q2 2024 quarterly dividend of $0.0625/share payable June 21
Dividend of $0.0625 per share ($0.25 annualized) for Q2 2024.
VAALCO Q1 net income $7.7M; closes $40.2M Svenska acquisition; declares $0.0625 dividend
Net income $7.7M ($0.07 diluted EPS); Adjusted Net Income $6.5M ($0.06 diluted).
VAALCO closes $40.2M cash acquisition of Svenska, adding Baobab field in Cote d'Ivoire
Net purchase price of $40.2M funded entirely from cash on hand; no debt or equity issued.
VAALCO terminates CAO Jason Doornik, appoints Lynn Willis as interim CAO
Jason Doornik terminated as Chief Accounting Officer; employment ends May 15, 2024.
On August 12, 2024, VAALCO Energy, Inc. (the “Company”), appointed Lynn Willis (“Ms. Willis”) to serve as the Company’s Chief Accounting Officer and Controller, effective immediately.
On April 10, 2024, the Company appointed Lynn Willis (“Ms. Willis”), as the Interim Chief Accounting Officer and Controller of the Company, effective immediately.
On April 8, 2024, Jason Doornik, Chief Accounting Officer of VAALCO Energy, Inc. (the “Company”), was notified by the Company that he would be terminated from that position.
Max materiality 0.85 · Median 0.65 · Most common event earnings