Logo

EGY

VAALCO Energy, Inc.

EGY

VAALCO Energy, Inc. • NYSE
$3.58 ▲ 4.37% (+0.15)
Market Cap $373.24 M
52w High $5.25
52w Low $3.00
Dividend Yield 0.25%
P/E 13.26
Volume 700.54K
Outstanding Shares 104.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $61.007M ▼ $30.237M ▲ $1.101M ▼ 1.805% ▼ $0.01 ▼ $20.393M ▼
Q2-2025 $128.773M ▲ $11.045M ▲ $8.38M ▲ 6.508% ▼ $0.08 ▲ $46.208M ▼
Q1-2025 $110.329M ▼ $9.024M ▼ $7.73M ▼ 7.006% ▼ $0.074 ▼ $55.413M ▼
Q4-2024 $121.721M ▼ $9.526M ▲ $11.663M ▲ 9.582% ▲ $0.11 ▲ $66.994M ▼
Q3-2024 $140.334M $6.896M $10.99M 7.831% $0.1 $91.183M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $23.984M ▼ $950.433M ▼ $444.56M ▼ $505.873M ▼
Q2-2025 $67.871M ▲ $964.922M ▲ $453.363M ▲ $511.559M ▲
Q1-2025 $40.914M ▼ $927.103M ▼ $423.009M ▼ $504.094M ▲
Q4-2024 $82.65M ▼ $954.95M ▲ $453.367M ▲ $501.583M ▲
Q3-2024 $89.101M $937.903M $436.871M $501.032M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.101M ▼ $16.445M ▼ $-48.302M ▲ $-10.319M ▼ $-42.219M ▼ $-31.857M ▼
Q2-2025 $8.381M ▲ $18.343M ▼ $-48.686M ▲ $47.708M ▲ $17.434M ▲ $77.117M ▲
Q1-2025 $7.73M ▼ $32.706M ▼ $-58.774M ▼ $-14.786M ▼ $-40.827M ▼ $-26.068M ▼
Q4-2024 $11.663M ▲ $44.533M ▼ $-41.001M ▼ $-10.784M ▼ $-7.251M ▼ $3.067M ▼
Q3-2024 $10.99M $47.791M $-12.431M $-8.697M $26.892M $35.36M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Gabon Segment
Gabon Segment
 $0 ▲$50.00M ▲$70.00M ▲$20.00M ▼
Carried Interest Recoupment
Carried Interest Recoupment
 $0 ▲$0 ▲$0 ▲$0 ▲
Crude Oil Sales and Purchase Agreements
Crude Oil Sales and Purchase Agreements
 $50.00M ▲$0 ▼$0 ▲$0 ▲
Oil and Gas
Oil and Gas
 $50.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement VAALCO’s income statement shows a company that has grown meaningfully from a very small base and has managed to stay profitable in recent years. Revenue has climbed steadily as production increased and acquisitions were integrated. Operating margins have generally been healthy for a smaller producer, helped by a focus on efficiency and cost control. Net profit, however, has not risen as smoothly as sales; earnings per share have bounced around as commodity prices, project timing, and deal-related items flow through the results. Overall, this looks like a lean operator with decent profitability, but with earnings that are naturally exposed to swings in oil prices and development activity.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid for a niche energy producer. Total assets and shareholder equity have grown over time, reflecting acquisitions and ongoing investment in fields. Debt sits at a moderate level compared with the asset base and equity, suggesting the company has used some leverage but not in an aggressive way. Cash on hand is modest rather than large, so the business likely depends on ongoing cash generation and access to funding for new projects. In short, the balance sheet shows growing scale with manageable financial risk, but not a fortress level of liquidity.

Cash Flow

Cash Flow Cash flow tells a story of a company actively investing for growth. Operating cash flow has generally been positive and has improved as production expanded, but it can still fluctuate with oil prices and spending patterns. Free cash flow has been uneven; in some years, heavy capital spending on fields and infrastructure has nearly absorbed or exceeded the cash coming in from operations. This is typical for a growth-oriented exploration and production firm, but it means that cash returns and debt paydown depend on timing: strong price periods and successful projects support the profile, while weaker environments could tighten cash. Overall, cash generation is adequate, but capital intensity and volatility are important watch points.

Competitive Edge

Competitive Edge VAALCO’s competitive position is built on being a focused specialist rather than a global giant. Its long history in West Africa, especially in Gabon, gives it deep local knowledge and strong government relationships, which can be hard for new entrants to replicate. The company has also expanded through targeted acquisitions in Egypt, Côte d’Ivoire, and Equatorial Guinea, creating a portfolio that is diversified across several African basins but still tightly focused on the continent. Its edge comes from efficient operations in mature fields, the ability to squeeze more value out of existing reservoirs, and a disciplined approach to deal-making. The flip side is concentration risk: heavy reliance on a few regions and political environments, and a much smaller scale than major integrated oil companies.

Innovation and R&D

Innovation and R&D VAALCO is not a big spender on breakthrough R&D, but it shows steady, practical innovation in how it runs its assets. It uses modern seismic imaging and data-driven drilling to improve well placement and recovery from older fields. The shift from a full production ship to a storage-only vessel in Gabon illustrates a focus on simplifying operations and lowering long-term costs. The company is also experimenting with solar power in Egypt to cut fuel use and emissions, which is notable for a firm of its size. Future development work—such as upgrades to offshore production units and new field developments like Venus in Equatorial Guinea—will likely be more about applying proven technologies efficiently rather than inventing new ones. Overall, innovation here is incremental and operational, aimed at squeezing more output and efficiency from existing assets.

Summary

VAALCO Energy comes across as a small but capable African-focused oil and gas producer that has grown from a modest base into a more diversified regional player. Its income statement reflects solid profitability but also the inherent volatility of commodity-driven earnings. The balance sheet is reasonably sound, with growing assets and equity and only moderate leverage, but not excess cash. Cash flows are positive over time, though lumpy, as substantial investment is needed to sustain and grow production. Competitively, the company leans on its deep regional experience, operational discipline, and long-standing host-country relationships rather than sheer size. Innovation is practical and field-focused, emphasizing better use of existing technologies and some early steps into lower-carbon operations. Overall, VAALCO’s profile is that of a niche operator pursuing growth in higher-risk, higher-reward markets, with clear strengths in local expertise and asset optimization, and ongoing exposure to commodity cycles and regional operating risks.

NEWS

November 20, 2025 · 4:45 PM UTC

VAALCO Energy, Inc. Announces Participation in Water Tower Research Fireside Chat on December 2, 2025

Read more

November 10, 2025 · 4:45 PM UTC

VAALCO Energy, Inc. Announces Third Quarter 2025 Results

Read more

November 10, 2025 · 3:30 PM UTC

Vaalco Energy, Inc. Declares Fourth Quarter 2025 Dividend

Read more

October 20, 2025 · 2:00 AM UTC

VAALCO Schedules Third Quarter 2025 Earnings Release and Conference Call

Read more