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Vaalco Energy Inc (EGY)
NYSE:EGY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -3.79%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong financial and operational performance for 2024, with record-breaking metrics in several areas. However, challenges such as expected lower production in 2025 and high capital expenditure could pose future risks. Despite these challenges, the positive developments, especially in Côte d'Ivoire and successful safety milestones, present a balanced outlook.Company Guidance
During the VAALCO Energy fourth-quarter and full-year 2024 earnings call, several key metrics and guidance for 2025 were discussed. The company reported a record adjusted EBITDAX of $303 million and record production of nearly 25,000 working interest barrels equivalent per day for 2024. For 2025, VAALCO expects production to be slightly lower due to the FPSO shutdown in Côte d'Ivoire and natural declines, forecasting a range of 19,250 to 22,210 working interest BOE per day. Capital expenditure for 2025 is projected to be between $270 million and $330 million, focusing on significant drilling campaigns in Gabon and FPSO refurbishment in Côte d'Ivoire. The company aims to sustain its operational momentum by leveraging recent acquisitions and targeting a production increase in 2026. VAALCO also highlighted its commitment to shareholder returns, having returned $83 million over the past two years through dividends and buybacks, and plans to maintain a $0.25 per share annual dividend for 2025.Record-Breaking Financial Performance
VAALCO Energy achieved a record adjusted EBITDAX of $303 million for the full year 2024, marking a significant increase alongside record production of almost 25,000 working interest barrels equivalent per day.
Significant Reserve Growth
SEC proved reserves grew 57% year over year to 45 million BOE, and 2P CPR reserves increased to 96.1 million BOE.
Successful Acquisition Payback
The Svenska acquisition in April 2024 has already seen a 1.8 times payback on the initial investment by year-end 2024.
Safety Milestone in Egypt
Achieved over 3.5 million man-hours without a lost-time incident in Egypt, showcasing a strong commitment to safety.
Positive Developments in Côte d'Ivoire
Completion of the Svenska acquisition boosted reserves, and a ten-year extension of the CI-40 license was approved, extending operations to 2038.
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EGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $3.96 | $3.79 | -4.29% |
| Nov 12, 2024 | $5.38 | $5.28 | -1.86% |
| Aug 07, 2024 | $5.75 | $6.23 | +8.35% |
| May 07, 2024 | $6.02 | $5.77 | -4.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vaalco Energy Inc (EGY) report earnings?
Vaalco Energy Inc (EGY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Vaalco Energy Inc (EGY) earnings time?
Vaalco Energy Inc (EGY) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGY EPS forecast?
EGY EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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