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.

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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.

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HOUSTON, July 26, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its second quarter 2024 earnings release and conference call.

VAALCO Announces Timing of Second Quarter 2024 Earnings Release and Conference Call

Here is how Vaalco Energy (EGY) and Oneok Inc. (OKE) have performed compared to their sector so far this year.

Are Oils-Energy Stocks Lagging Vaalco Energy (EGY) This Year?

Vaalco is diversifying its operations to reduce business risk. The company's offshore operations in Western Africa have limited exposure to the political instability in the region. Vaalco's operations in Alberta, Canada, are the most stable, with favorable government treatment and infrastructure support.

Vaalco Energy: Far More Energetic Management

HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline today at 2:00 AM ET by VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY), please note that, in the second-to-last paragraph before the “About VAALCO” section, the figure $107.1 million has been corrected to $195.5 million. The corrected release follows.

CORRECTION – VAALCO Energy, Inc. Provides Positive Additional Information Regarding Its Acquisition Of Svenska

HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announces that it has filed a Form 8-K/A with the Securities and Exchange Commission (“SEC”) that provides historical financial statements and additional reserves disclosures regarding its acquisition of Svenska Petroleum Exploration AB (“Svenska”).

VAALCO Energy, Inc. Provides Positive Additional Information Regarding Its Acquisition Of Svenska

Vaalco Energy (EGY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Vaalco Energy (EGY) Is a Great Choice for 'Trend' Investors, Here's Why

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EGY shares have gained over 59% in the last year, outperforming the S&P 500 by 34.51%. EGY has a strong financial position with high asset turnover and a solid balance sheet. Strategic acquisition of Svenska Petroleum Exploration provides growth potential, diversification, and entry into the promising Cote d'Ivoire market.

Vaalco Energy: Long-Term Value And Growth Opportunity

HOUSTON, June 03, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on June 4, 2024 at 11:00 a.m. Eastern (10:00 a.m. central and 4 p.m. London).

VAALCO Energy, Inc. Announces Participation in Water Tower Research Fireside Chat On June 4, 2024

Vaalco Energy: Fast Paybacks Are The Key Here

HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has drilled, completed and brought onto production four wells in Canada.

VAALCO Energy, Inc. Announces Successful Drilling Campaign Results in Canada

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VAALCO Energy, Inc. (NYSE:EGY ) Q1 2024 Results Conference Call May 8, 2024 11:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator George Maxwell - Chief Executive Officer Ron Bain - Chief Financial Officer Thor Pruckl - Chief Operating Officer Conference Call Participants Chris Wheaton - Stifel Stephane Foucaud - Auctus Advisors Bill Dezellem - Tieton Capital Charlie Sharp - Canaccord Operator Good day, and welcome to the VAALCO Energy First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

VAALCO Energy, Inc. (EGY) Q1 2024 Earnings Call Transcript

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024.

VAALCO Energy, Inc. Announces First Quarter 2024 Results

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2024 ($0.25 annualized), which is payable on June 21, 2024, to stockholders of record at the close of business on May 17, 2024. 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, Inc. Declares Quarterly Dividend

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While higher production expenses are likely to have hurt VAALCO Energy's (EGY) Q1 bottom line, impressive output growth might have aided its performance.

News for VAALCO Energy Stock (EGY)