Business

VAALCO Energy, Inc. Announces First Quarter 2025 Results

HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the first quarter of 2025. First Quarter 2025 Highlights and Recent Key Items: Reported net income of $7.7 million ($0.07 per diluted share), Adjusted Net Income of $6.3 million ($0.06 per diluted share) and Adjusted EBITDAX(1) of $57.0 million; Produced 17,764 net revenue interest (“NRI”)(2) barrels of oil equivalent per day (“BOEPD

articleVaalco Energy, Inc.May 8, 202534/company/vaalco-energy-inc/news/vaalco-energy-inc-announces-first-210400676
VAALCO Energy, Inc. Announces First Quarter 2025 Results

About this update from Vaalco Energy, Inc.

[{"type":"image","alt":"VAALCO Energy, Inc.","displaySize":"","headline":null,"caption":"VAALCO Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":131,"height":100,"url":"https://media.zenfs.com/en/globenewswire.com/75e87d9d08d85dcf3889b2127d556fb7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/epcYuco_zA8nqGERtfL4vw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE2MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/75e87d9d08d85dcf3889b2127d556fb7","width":131,"height":100}},"lazy":false},{"type":"text","content":"HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the first quarter of 2025.","length":191,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights and Recent Key Items:","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported net income of $7.7 million ($0.07 per diluted share), Adjusted Net Income of $6.3 million ($0.06 per diluted share) and Adjusted EBITDAX(1) of $57.0 million; ","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Produced 17,764 net revenue interest (“NRI”)(2) barrels of oil equivalent per day (“BOEPD”), above the high end of guidance, or 22,402 working interest (“WI”)(3) BOEPD, toward the high end of guidance;","length":201,"tagName":"p"}]},{"val":[{"type":"text","content":"Sold 19,074 NRI BOEPD, toward the high end of guidance;","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Entered into new reserves based revolving credit facility with an initial commitment of $190 million with the ability to grow to $300 million, secured against certain Vaalco assets;","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced full year capital expenditure guidance by about 10%, without impacting full year production or sales guidance;","length":118,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquired 70% WI(3) in and will operate the CI-705 block in offshore Côte D’Ivoire; ","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared quarterly cash dividend of $0.0625 per share of common stock to be paid on June 27, 2025; and","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced that it will host a Capital Markets Day presentation on Wednesday, May 14, 202...

More updates from Vaalco Energy, Inc.

Côte D’IvoireCôte d'IvoireThe CompanyNRINet incomeCanadaAdjusted Working Capitalcapital expenditurecapital expendituresVaalco Energynet income