VAALCO Energy

VAALCO Energy, Inc. engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation. The company was founded by Virgil A. Walston and Charles Alcorn in 1985 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

VAALCO Energy reports record 2022 results, eyes growth opportunities

VAALCO Energy's strong financial performance in 2022, driven by production growth and increased reserves, positions the company for continued success.
While facing challenges such as increased expenses and capital spending, VAALCO has opportunities for growth through strategic investments and operational efficiencies.
The successful integration with TransGlobe and focus on shareholder value highlight VAALCO's commitment to delivering long-term value and sustainable growth.
By capitalizing on opportunities in drilling programs and synergies with TransGlobe, VAALCO can navigate challenges and drive future profitability and shareholder returns.

VAALCO Energy (EGY) reports strong Q1 performance and eyes international growth

VAALCO Energy (EGY) delivered a robust performance in Q1 2023, showcasing operational improvements, financial strength, and commitment to shareholder value.
The company faces challenges in managing costs, operational delays, and negotiations, but opportunities in drilling optimization and international projects offer growth potential.
With a focus on ESG initiatives, sustainability, and long-term value creation, VAALCO Energy is well-positioned for continued success and value creation for shareholders.

VAALCO Energy reports robust Q2 earnings, eyes growth in Africa

VAALCO Energy's Q2 2023 performance showcased strong financial and operational results, driven by restructuring efforts and progress in key operational regions. While facing challenges like one-off costs and inflationary impacts, the company remains focused on maximizing shareholder returns and pursuing growth opportunities. Future plans include drilling programs in Gabon and development projects in Equatorial Guinea, indicating a strategic focus on expansion and stability.

VAALCO Energy surpasses Q3 guidance, poised for continued growth

VAALCO Energy's Q3 2023 showcased exceptional operational and financial performance, surpassing expectations and positioning the company for further growth. Strong production results, increased cash balance, and strategic investments highlight the company's resilience and potential for future success.

VAALCO Energy reports record 2023 results, eyes growth opportunities

VAALCO Energy's strong performance in 2023, marked by record production levels and robust financial results, positions the company for continued growth and value creation.
Despite challenges such as pricing impacts and regulatory changes, VAALCO's strategic strengths in operational excellence and financial management provide a solid foundation for success.
The company's focus on optimizing operations, expanding asset base, and enhancing shareholder value underscores its commitment to sustainable growth and resilience in a dynamic market.
With a strong balance sheet, efficient capital allocation, and a proactive approach to opportunities and challenges, VAALCO Energy is well-positioned to capitalize on growth prospects and navigate industry dynamics.

VAALCO Energy reports robust Q2 earnings and growth opportunities ahead

VAALCO Energy's Q2 2024 performance reflects strong operational and financial results, driven by successful drilling and workover projects in key regions.
Despite challenges in Gabon and managing CapEx, the company's strengths in earnings, reserves, and production outlook position it well for future growth.
Opportunities lie in further leveraging operational successes, planned production enhancements, and strategic investments to drive sustained profitability and expansion.
Navigating challenges while capitalizing on strengths and opportunities will be crucial for VAALCO to maintain its growth trajectory and deliver value to stakeholders.

VAALCO Energy reports robust Q3 earnings and eyes production growth

VAALCO Energy's Q3 2024 earnings call highlighted strong financial performance, production growth in key regions, and strategic plans for future drilling campaigns. The company's focus on maintaining and expanding production levels, along with its promising growth prospects, positions it well for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Deswell Industries

Flexible Solutions

Silo Pharma Inc

United Microelectronics

Although the concept of millionaire-maker stocks will always attract attention, at the moment, investors must realize the rules have changed. Fundamentally, the Federal Reserve remains committed to attacking the inflation crisis through hiking the benchmark interest rate.

7 Millionaire-Maker Stocks You Will Regret Not Buying This Year

HOUSTON, Nov. 14, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the promotion of Thor Pruckl to Chief Operating Officer. Mr. Pruckl has over 30 years of international and domestic development, exploration, production and midstream experience in both onshore and offshore energy operations.

VAALCO Energy, Inc. Names Thor Pruckl Chief Operating Officer

VAALCO Energy, Inc. (NYSE:EGY ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator George Maxwell - Chief Executive Officer Ron Bain - Chief Financial Officer Conference Call Participants John White - ROTH Capital Stephane Foucaud - Auctus Advisors Charlie Sharp - Canaccord Bill Dezellem - Tieton Capital Jamie Wilen - Wilen Management Operator Good morning and welcome to the VAALCO Energy Third Quarter 2022 Conference Call. All participants will be in listen-only mode.

VAALCO Energy, Inc. (EGY) Q3 2022 Earnings Call Transcript

Vaalco Energy (EGY) delivered earnings and revenue surprises of 250% and 24.80%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Vaalco Energy (EGY) Q3 Earnings and Revenues Surpass Estimates

Reports Net Income of $6.9 Million, or $0.11 per Diluted Share, Adjusted Net Income of $33.3 Million, or $0.56 per Diluted Share and Adjusted EBITDAX of $42.4 Million Reports Net Income of $6.9 Million, or $0.11 per Diluted Share, Adjusted Net Income of $33.3 Million, or $0.56 per Diluted Share and Adjusted EBITDAX of $42.4 Million

VAALCO Energy, Inc. Announces Third Quarter 2022 Results

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its third quarter 2022 earnings release and conference call.

VAALCO Schedules Third Quarter 2022 Earnings Release and Conference Call

HOUSTON, Nov. 01, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that its newly-expanded Board of Directors formally ratified and approved the share buyback program that was announced on August 8, 2022 in conjunction with the pending business combination with TransGlobe. The Board also directed management to implement a Rule 10b5-1 trading plan to facilitate share purchases through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The plan provides for an aggregate purchase of currently outstanding common stock up to $30 million over 20 months. Payment for shares repurchased under the program will be funded using the Company's cash on hand and cash flow from operations.

VAALCO Energy Implements Share Buyback Program

HOUSTON, Oct. 31, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0325 per share of common stock for the fourth quarter of 2022 ($0.13 annualized), which is payable December 22, 2022, to stockholders of record at the close of business on November 22, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

VAALCO Energy Declares Quarterly Dividend

HOUSTON, Oct. 20, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that Matthew Powers has joined VAALCO's senior leadership as Executive Vice President and General Counsel. Mr. Powers has nearly 20 years of legal experience with a focus on energy, and direct experience working on projects in Africa, including in Gabon and Egypt.

VAALCO Energy, Inc. Announces Addition to Senior Leadership

Ambev

Yamana Gold

Itau Unibanco Holding S.A.

Global Self Storage

TransGlobe Energy

In many if not most cases, investors should recognize that you get what you pay for, although in rare moments, market participants can get away with bargain stocks to buy for under $10. To be clear, price rarely stands as the end-all, be-all for equity-based opportunities.

7 Bargain Stocks to Buy for Under $10

HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced successful completion of the Floating Storage and Offloading vessel (“FSO”) installation and field reconfiguration at Etame. Additionally, the Company disclosed strong third quarter 2022 production which was above the high-end of quarterly guidance and sales volumes that were above the midpoint of quarterly guidance.

VAALCO Energy Announces Successful Completion of the FSO Installation and Field Reconfiguration Project at Etame and Strong Production and Sales Volumes for Q3 2022

HOUSTON, Oct. 14, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) ("VAALCO" or the "Company") announced the closing of the strategic combination (the “Arrangement”) of VAALCO and TransGlobe Energy Corporation (“TransGlobe”). As previously disclosed, the combined Company will now trade on the NYSE and LSE under the ticker symbol EGY. The combined Company is a leading African-focused operator with a strong production and reserve base, a diverse portfolio of assets in Gabon, Egypt, Equatorial Guinea and Canada, and significant future growth potential. In conjunction with the closing, VAALCO welcomes three new directors to the Board, expanding the Board of Directors to seven directors.

VAALCO Energy Announces the Closing of the Strategic Business Combination With TransGlobe Energy

HOUSTON, Oct. 07, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) ("VAALCO" or the "Company")  announced that the stockholders of TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe”) approved the proposed strategic business combination with VAALCO at a Special Meeting held earlier today. As previously disclosed, VAALCO's stockholders approved the combination at its special meeting of stockholders held on September 29, 2022.

Stockholders of VAALCO Energy and TransGlobe Energy Have Approved Strategic Business Combination

Enbridge

TechnipFMC

Transocean

Shell PLC

Apart from Shell (SHEL) and Enbridge (ENB), TechnipFMC (FTI), Transocean (RIG) and VAALCO Energy (EGY) hogged the limelight during the week.

Oil & Gas Stock Roundup Headlined by Shell & Enbridge's Renewables Push

Calgary, Alberta--(Newsfile Corp. - October 3, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") provides an updated transaction timetable to correspond with the postponed special meeting (the "Meeting") of the holders (the "TransGlobe Shareholders") of TransGlobe common shares ("TransGlobe Shares") to consider the special resolution (the "Arrangement Resolution") to approve the proposed plan of arrangement (the "Arrangement") to implement the business combination with VAALCO Energy, Inc.

TransGlobe Provides an Updated Transaction Timetable for the Special Meeting of TransGlobe Shareholders to Consider the Business Combination with VAALCO Energy

HOUSTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) ("VAALCO" or the "Company") today announced that at VAALCO's special meeting of stockholders held today regarding the proposed combination with TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe”), both proposals were approved by VAALCO's stockholders.

VAALCO Energy Announces VAALCO Stockholder Approval of Proposals in Connection With Strategic Business Combination With TransGlobe

VAALCO Energy (EGY) successfully drilled a well in the Etame field in offshore Gabon, the findings of which beat the company's expectations.

VAALCO's (EGY) Gabon Drilling Results Better Expectations

Calgary, Alberta--(Newsfile Corp. - September 27, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") notes the positive update issued by VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") this morning. VAALCO's announcement can be viewed here.David Cook, Chair of the Board of TransGlobe commented:"VAALCO continues to make positive progress with its ongoing Etame drilling programme with the successful drilling of the North Tchibala 2H-ST well.

TransGlobe Energy Notes VAALCO Energy's Successful Drilling of the North Tchibala 2H-ST Well and Operational Update on FSO and Field Reconfiguration at Etame

HOUSTON, Sept. 27, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (“SEENT”) platform in the Etame field, offshore Gabon. Additionally, the Company provided an operational update on the Teli Floating Storage and Offloading vessel (“FSO”) installation and field reconfiguration at Etame.

VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame

Calgary, Alberta--(Newsfile Corp. - September 26, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") notes the positive update issued by VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") this morning announcing that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development ("POD").

TransGlobe Energy Welcomes the Approval of VAALCO Energy's Plan of Development for Discovery on Block P in Equatorial Guinea

HOUSTON, Sept. 26, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development (“POD”). VAALCO has an 80% participation interest in the project and is the operator. Upon the execution of final documents, VAALCO will proceed directly to project execution which targets first oil in 2026 and adds 23.1 million barrels of oil (“MMBO”) of 2P CPR gross reserves, and 18.5 MMBO of 2P CPR Working Interest (“WI”) reserves (16.2 MMBO net 2P reserves).1

VAALCO Energy Announces Approval of Plan of Development for Discovery on Block P in Equatorial Guinea

ADMA Biologics

Arcos Dorados Hlds

Crescent Point Energy

Kosmos Energy

NL Industries

Some stocks under $10 are cheap for a reason, but there are other stocks under $10 that are solid long-term investments. There are all sorts of equities from which to choose when building your portfolio.

7 A-Rated Stocks to Buy for Less Than $10

Calgary, Alberta--(Newsfile Corp. - September 22, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce that it has received confirmation that Glass Lewis & Co. ("Glass Lewis"), a leading proxy advisory service company, has analysed the all-share business combination (the "Proposed Transaction" or the "Transaction") with VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") and has recommended that shareholders vote FOR the proposed transaction.

Glass Lewis Joins ISS in Recommending Shareholders Vote FOR TransGlobe's Proposed Combination with VAALCO

Calgary, Alberta--(Newsfile Corp. - September 21, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to note the updated report issued by a leading proxy advisor, Institutional Shareholder Services ("ISS"), recommends its institutional clients vote FOR the proposed business combination ("Proposed Transaction") of TransGlobe and VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") to create a world-class African-focused E&P company supporting sustainable shareholder returns and growth.

ISS Concludes that TransGlobe Shareholders Vote FOR the Proposed Business Combination with VAALCO Energy, Inc.

This article seeks to provide a valuation and pricing comparison for VAALCO Energy, Inc. vs. the top oil and gas exploration and production stocks. I will provide a pricing mechanism for VAALCO Energy by comparing its financial metrics to the industry, assess its financial health, and finally attempt to find an appropriate valuation method.

News for VAALCO Energy Stock (EGY)