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VAALCO Energy, Inc.

VAALCO Energy, Inc.

NYSE•EGY
CEO: Mr. George Walter-Mitchell Maxwell
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 1993-01-29
VAALCO Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa. It also owns 100% interest in the Eastern Desert, which contains West Gharib, West Bakr and North West Gharib merged concessions covering as area of approximately 45,067 acres, as well as Western Desert, which contains the South Ghazalat concession covering as area of approximately 7,340 acres located in Egypt. In addition, the company production and working interests in Cardium light oil and Mannville liquids-rich gas assets covering as area of 47,400 gross acres located near the north of Calgary, Alberta; and an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Contact Information
9800 Richmond Avenue, Suite 700, Houston, TX, 77042, United States
713-623-0801
www.vaalco.com
Market Cap
$370.12M
P/E (TTM)
9.5
18.3
Dividend Yield
7.0%
52W High
$5.08
52W Low
$3.00
52W Range
26%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$61.01M-56.53%
4-Quarter Trend

EPS

$0.01-90.00%
4-Quarter Trend

FCF

-$31.86M-190.09%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Property, Plant, Equipment Growth Crude oil, gas, NGL properties increased to $623.7M as of September 30, 2025, reflecting ongoing capital investment.
RBL Facility Drawdown Secured Company drew $60.0M under 2025 RBL Facility, maintaining $126.6M available borrowing capacity as of September 30, 2025.
Continued Shareholder Dividends Paid Q3 2025 cash dividend of $0.0625 per share; announced next dividend payment scheduled for December 24, 2025.
Nine Month CapEx Spending Accrual basis capital expenditures totaled $147.6M for the nine months ended September 30, 2025, primarily Egypt drilling.

Risk Factors

Revenue Significantly Decreased Nine months revenue fell $89.0M to $268.2M, primarily due to Côte d'Ivoire FPSO maintenance shutdown period.
Net Income Declines Nine months net income was $17.2M, a $29.6M decrease compared to $46.8M reported in the prior year period.
Commodity Price Volatility Risk Sustained low oil prices could materially affect financial condition, reserve carrying value, and future borrowing ability.
Internal Control Weaknesses Material weaknesses in IT procure-to-pay controls persist; remediation plan ongoing, effectiveness not yet concluded.

Outlook

Gabon Drilling Program Starts Secured drilling rig for 2025/2026 program commencing Q4 2025, targeting Etame and Seent platforms.
FPSO Refurbishment Completion Baobab FPSO refurbishment progressing well; expected return to service in 2026, enabling development drilling additions.
Canada Capital Reallocation Deferring Canadian drilling based on capital reassessment; focusing on lower-cost optimization projects for productivity.

Peer Comparison

Revenue (TTM)

Star Group, L.P.SGU
$1.78B
-0.9%
North American Construction Group Ltd.NOA
$918.29M
+8.2%
GeoPark LimitedGPRK
$525.94M
-26.6%

Gross Margin (Latest Quarter)

Obsidian Energy Ltd.OBE
54.6%
-11.0pp
GeoPark LimitedGPRK
45.0%
-13.0pp
Greenfire Resources Ltd.GFR
44.5%
-4.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SD$559.70M8.513.9%0.1%
GPRK$424.81M9.921.3%60.9%
OBE$419.48M-2.7-14.9%12.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-20.6%
Growth Under Pressure
4Q Net Income CAGR
-54.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 14, 2026
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EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $61.01M-56.5%
    |
    EPS: $0.01-90.0%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $128.77M+10.3%
    |
    EPS: $0.08-70.4%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $110.33M+10.2%
    |
    EPS: $0.07-0.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $478.99M+5.3%
    |
    EPS: $0.56+0.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $140.33M+12.7%
    |
    EPS: $0.10+74.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $116.78M+6.9%
    |
    EPS: $0.27+329.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $100.16M+24.6%
    |
    EPS: $0.07+132.0%
    Beat
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 18, 2024|
    Revenue: $455.07M+28.4%
    |
    EPS: $0.56-24.3%
    Beat