VAALCO Energy (EGY) Financials

$3.34 -0.04 (-1.04%)

As of 11:22 AM Eastern

Annual Income Statements for VAALCO Energy

This table shows VAALCO Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	58	60	52
Consolidated Net Income / (Loss)	58	60	52
Net Income / (Loss) Continuing Operations	58	60	52
Total Pre-Tax Income	140	150	123
Total Operating Income	136	159	171
Total Gross Profit	309	307	239
Total Revenue	479	455	354
Operating Revenue	479	455	354
Total Cost of Revenue	170	148	116
Operating Cost of Revenue	164	153	113
Other Cost of Revenue	6.30	-4.91	3.08
Total Operating Expenses	173	148	67
Selling, General & Admin Expense	30	24	10
Exploration Expense	0.05	1.97	0.26
Depreciation Expense	143	115	48
Other Operating Expenses / (Income)	-0.08	7.05	8.83
Total Other Income / (Expense), net	3.30	-8.53	-48
Interest & Investment Income	-3.73	-6.45	-2.03
Other Income / (Expense), net	7.03	-2.07	-46
Income Tax Expense	81	90	71
Basic Earnings per Share	$0.56	$0.56	$0.74
Weighted Average Basic Shares Outstanding	103.67M	106.38M	69.57M
Diluted Earnings per Share	$0.56	$0.56	$0.73
Weighted Average Diluted Shares Outstanding	103.75M	106.56M	69.98M
Weighted Average Basic & Diluted Shares Outstanding	103.74M	103.27M	107.32M
Cash Dividends to Common per Share	$0.25	$0.25	-

This table shows VAALCO Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	12	11	28	7.69	44	6.14	6.75	3.47	18	6.87
Consolidated Net Income / (Loss)	12	11	28	7.69	44	6.14	6.75	3.47	18	6.87
Net Income / (Loss) Continuing Operations	12	11	28	7.69	44	6.14	6.75	3.47	18	6.89
Total Pre-Tax Income	29	44	37	30	82	32	18	18	25	30
Total Operating Income	40	44	20	32	81	36	21	22	24	34
Total Gross Profit	84	98	61	66	110	75	70	51	50	54
Total Revenue	122	140	117	100	149	116	109	80	97	78
Total Cost of Revenue	38	42	56	34	39	41	39	29	47	24
Operating Cost of Revenue	37	42	52	32	46	40	39	28	46	23
Other Cost of Revenue	1.08	0.07	3.34	1.81	-7.34	0.82	0.68	0.94	1.00	1.02
Total Operating Expenses	44	54	41	34	29	40	49	30	26	20
Selling, General & Admin Expense	8.45	6.93	7.59	6.71	7.01	6.22	5.40	5.22	-0.43	1.98
Depreciation Expense	37	47	33	26	20	33	38	24	26	8.96
Other Operating Expenses / (Income)	-0.01	-0.10	-0.13	0.17	1.11	-0.01	5.95	0.00	-0.04	8.87
Total Other Income / (Expense), net	-11	-0.52	17	-2.27	0.63	-3.56	-2.21	-3.38	0.43	-4.16
Interest & Investment Income	-1.09	-0.59	-1.12	-0.94	-1.08	-1.43	-1.70	-2.25	-1.68	-0.23
Other Income / (Expense), net	-9.87	0.07	18	-1.33	1.70	-2.14	-0.51	-1.13	2.10	-3.93
Income Tax Expense	17	33	9.30	22	38	26	12	15	6.95	23
Basic Earnings per Share	$0.12	$0.10	$0.27	$0.07	$0.41	$0.06	$0.06	$0.03	$0.16	$0.12
Weighted Average Basic Shares Outstanding	103.67M	103.74M	103.53M	103.66M	106.38M	106.29M	106.97M	107.39M	69.57M	59.07M
Diluted Earnings per Share	$0.12	$0.10	$0.27	$0.07	$0.41	$0.06	$0.06	$0.03	$0.17	$0.11
Weighted Average Diluted Shares Outstanding	103.75M	103.84M	103.68M	104.54M	106.56M	106.43M	107.61M	108.75M	69.98M	59.45M
Weighted Average Basic & Diluted Shares Outstanding	103.74M	103.74M	103.74M	103.46M	103.27M	105.16M	106.48M	106.77M	107.32M	108.37M

This table details how cash moves in and out of VAALCO Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-31	69	-13
Net Cash From Operating Activities	114	224	129
Net Cash From Continuing Operating Activities	114	224	129
Net Income / (Loss) Continuing Operations	58	60	52
Consolidated Net Income / (Loss)	58	60	52
Depreciation Expense	143	115	48
Non-Cash Adjustments To Reconcile Net Income	-1.93	30	-74
Changes in Operating Assets and Liabilities, net	-86	18	103
Net Cash From Investing Activities	-102	-97	-123
Net Cash From Continuing Investing Activities	-102	-97	-123
Purchase of Property, Plant & Equipment	-103	-97	-160
Other Investing Activities, net	0.88	0.00	37
Net Cash From Financing Activities	-43	-57	-18
Net Cash From Continuing Financing Activities	-43	-57	-18
Repayment of Debt	0.00	0.00	-2.07
Repurchase of Common Equity	-6.80	-24	-3.81
Payment of Dividends	-26	-27	-9.35
Issuance of Common Equity	0.45	0.67	0.31
Other Financing Activities, net	-10	-7.15	-3.04
Other Net Changes in Cash	-0.00	-0.15	-0.22
Cash Interest Paid	6.71	9.12	1.66

This table details how cash moves in and out of VAALCO Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7.25	27	-42	-9.45	18	57	-5.89	0.46	-30	15
Net Cash From Operating Activities	45	48	-0.44	22	52	94	36	42	-0.85	61
Net Cash From Continuing Operating Activities	45	48	-0.44	22	52	94	36	42	-0.91	61
Net Income / (Loss) Continuing Operations	12	11	28	7.69	44	6.14	6.75	3.47	18	6.84
Consolidated Net Income / (Loss)	12	11	28	7.69	44	6.14	6.75	3.47	18	6.87
Depreciation Expense	37	47	33	26	20	33	38	24	26	8.96
Non-Cash Adjustments To Reconcile Net Income	14	1.07	-19	2.19	8.61	-3.40	3.16	21	-25	-29
Changes in Operating Assets and Liabilities, net	-18	-11	-43	-14	-21	59	-12	-7.26	-19	74
Net Cash From Investing Activities	-41	-12	-32	-17	-20	-23	-27	-28	-19	-44
Net Cash From Continuing Investing Activities	-41	-12	-32	-17	-20	-23	-27	-28	-19	-44
Purchase of Property, Plant & Equipment	-41	-12	-32	-17	-20	-23	-27	-28	-56	-44
Net Cash From Financing Activities	-11	-8.70	-9.11	-14	-14	-15	-14	-14	-9.88	-2.15
Net Cash From Continuing Financing Activities	-11	-8.70	-9.11	-14	-14	-15	-14	-14	-9.88	-2.15
Repurchase of Common Equity	0.00	-0.00	-0.46	-6.34	-6.08	-6.09	-6.03	-5.38	-3.02	-
Payment of Dividends	-6.57	-6.61	-6.58	-6.46	-6.62	-6.70	-6.72	-6.74	-3.54	-1.94
Other Financing Activities, net	-4.22	-2.09	-2.07	-2.10	-1.90	-1.87	-1.68	-1.70	-2.85	-0.13
Cash Interest Paid	1.81	1.05	2.44	1.41	2.50	1.45	3.69	1.49	1.26	0.29

This table presents VAALCO Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	955	823	856
Total Current Assets	238	228	200
Cash & Equivalents	83	121	37
Restricted Cash	0.14	0.11	0.22
Accounts Receivable	131	93	136
Inventories, net	9.44	1.95	3.34
Prepaid Expenses	15	12	20
Plant, Property, & Equipment, net	538	460	495
Total Noncurrent Assets	179	135	160
Noncurrent Note & Lease Receivables	90	94	7.15
Noncurrent Deferred & Refundable Income Taxes	56	29	35
Other Noncurrent Operating Assets	25	10	116
Other Noncurrent Nonoperating Assets	8.67	1.80	1.76
Total Liabilities & Shareholders' Equity	955	823	856
Total Liabilities	453	344	390
Total Current Liabilities	182	127	162
Accounts Payable	15	28	60
Accrued Expenses	108	68	91
Current Deferred & Payable Income Tax Liabilities	42	19	0.00
Other Current Liabilities	17	12	10
Total Noncurrent Liabilities	272	217	227
Asset Retirement Reserve & Litigation Obligation	79	47	42
Noncurrent Deferred & Payable Income Tax Liabilities	94	74	81
Other Noncurrent Operating Liabilities	99	96	105
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	502	479	466
Total Preferred & Common Equity	502	479	466
Preferred Stock	0.00	0.00	0.00
Total Common Equity	502	479	466
Common Stock	375	370	366
Retained Earnings	210	177	147
Treasury Stock	-78	-71	-48
Accumulated Other Comprehensive Income / (Loss)	-4.96	2.88	1.18

This table presents VAALCO Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	938	917	809	828	829	824	395
Total Current Assets	237	195	218	218	199	179	123
Cash & Equivalents	89	63	113	103	46	52	69
Restricted Cash	0.15	0.14	0.14	0.11	0.11	0.08	0.20
Accounts Receivable	128	108	90	89	124	98	37
Inventories, net	4.78	7.31	2.39	9.29	11	12	4.25
Prepaid Expenses	15	17	12	16	18	17	13
Plant, Property, & Equipment, net	532	548	457	468	482	500	195
Total Noncurrent Assets	170	174	134	142	148	145	77
Noncurrent Note & Lease Receivables	10	6.11	95	9.46	8.81	99	5.85
Noncurrent Deferred & Refundable Income Taxes	57	65	30	31	37	33	41
Other Noncurrent Operating Assets	93	94	9.04	99	100	10	28
Other Noncurrent Nonoperating Assets	9.46	8.79	0.00	1.79	1.78	1.77	1.76
Total Liabilities & Shareholders' Equity	938	917	809	828	829	824	395
Total Liabilities	437	424	337	383	377	369	221
Total Current Liabilities	176	164	131	167	154	149	143
Accounts Payable	16	24	21	45	47	53	30
Accrued Expenses	104	115	60	76	84	81	83
Current Deferred & Payable Income Tax Liabilities	43	12	38	33	13	5.42	28
Other Current Liabilities	13	12	12	11	9.35	8.95	1.52
Total Noncurrent Liabilities	261	260	205	217	223	220	78
Capital Lease Obligations	71	-	78	78	-	-	1.25
Asset Retirement Reserve & Litigation Obligation	66	65	48	45	43	42	35
Noncurrent Deferred & Payable Income Tax Liabilities	103	112	71	76	83	80	41
Other Noncurrent Operating Liabilities	20	83	8.68	17	97	98	0.52
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	501	494	473	444	452	455	174
Total Preferred & Common Equity	501	494	473	444	452	455	174
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	501	494	473	444	452	455	174
Common Stock	373	372	371	369	367	367	86
Retained Earnings	205	200	179	140	141	141	133
Treasury Stock	-78	-78	-78	-65	-59	-53	-45
Accumulated Other Comprehensive Income / (Loss)	1.01	-0.64	0.43	0.84	3.06	1.05	-

This table displays calculated financial ratios and metrics derived from VAALCO Energy's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	5.26%	28.43%	77.99%
EBITDA Growth	5.40%	56.72%	114.64%
EBIT Growth	-8.34%	24.92%	109.72%
NOPAT Growth	-10.46%	-11.51%	-33.52%
Net Income Growth	-3.09%	16.31%	-36.59%
EPS Growth	0.00%	-23.29%	-46.72%
Operating Cash Flow Growth	-49.14%	73.54%	157.09%
Free Cash Flow Firm Growth	-97.89%	151.78%	-1,061.71%
Invested Capital Growth	15.25%	-16.77%	355.85%
Revenue Q/Q Growth	-5.42%	13.06%	12.80%
EBITDA Q/Q Growth	-11.16%	22.72%	16.84%
EBIT Q/Q Growth	-26.85%	56.16%	2.31%
NOPAT Q/Q Growth	-31.84%	71.24%	-25.75%
Net Income Q/Q Growth	-35.60%	76.90%	-24.25%
EPS Q/Q Growth	-34.12%	75.00%	-35.40%
Operating Cash Flow Q/Q Growth	-6.00%	30.79%	-3.19%
Free Cash Flow Firm Q/Q Growth	-89.88%	148.97%	-642.14%
Invested Capital Q/Q Growth	-13.34%	-14.79%	312.33%
Profitability Metrics	-	-	-
Gross Margin	64.55%	67.42%	67.33%
EBITDA Margin	59.83%	59.75%	48.96%
Operating Margin	28.50%	34.86%	48.34%
EBIT Margin	29.97%	34.41%	35.38%
Profit (Net Income) Margin	12.21%	13.26%	14.64%
Tax Burden Percent	41.84%	40.20%	42.08%
Interest Burden Percent	97.40%	95.88%	98.38%
Effective Tax Rate	58.16%	59.80%	57.92%
Return on Invested Capital (ROIC)	14.91%	16.28%	27.65%
ROIC Less NNEP Spread (ROIC-NNEP)	13.62%	20.53%	73.01%
Return on Net Nonoperating Assets (RNNOA)	-2.98%	-3.51%	-10.64%
Return on Equity (ROE)	11.93%	12.77%	17.00%
Cash Return on Invested Capital (CROIC)	0.75%	34.59%	-100.39%
Operating Return on Assets (OROA)	16.14%	18.65%	22.41%
Return on Assets (ROA)	6.58%	7.19%	9.28%
Return on Common Equity (ROCE)	11.93%	12.77%	17.00%
Return on Equity Simple (ROE_SIMPLE)	11.66%	12.61%	11.13%
Net Operating Profit after Tax (NOPAT)	57	64	72
NOPAT Margin	11.92%	14.02%	20.34%
Net Nonoperating Expense Percent (NNEP)	1.29%	-4.25%	-45.36%
Return On Investment Capital (ROIC_SIMPLE)	11.39%	13.32%	15.46%
Cost of Revenue to Revenue	35.45%	32.58%	32.67%
SG&A Expenses to Revenue	6.20%	5.24%	2.84%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.05%	32.56%	19.00%
Earnings before Interest and Taxes (EBIT)	144	157	125
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	287	272	173
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.89	0.93	0.93
Price to Tangible Book Value (P/TBV)	0.89	0.93	0.93
Price to Revenue (P/Rev)	0.93	0.98	1.22
Price to Earnings (P/E)	7.63	7.35	8.33
Dividend Yield	5.81%	7.40%	3.26%
Earnings Yield	13.10%	13.60%	12.00%
Enterprise Value to Invested Capital (EV/IC)	0.89	0.91	0.92
Enterprise Value to Revenue (EV/Rev)	0.76	0.71	1.12
Enterprise Value to EBITDA (EV/EBITDA)	1.27	1.19	2.28
Enterprise Value to EBIT (EV/EBIT)	2.53	2.06	3.15
Enterprise Value to NOPAT (EV/NOPAT)	6.37	5.06	5.48
Enterprise Value to Operating Cash Flow (EV/OCF)	3.20	1.44	3.07
Enterprise Value to Free Cash Flow (EV/FCFF)	127.33	2.38	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.22	-0.17	-0.15
Leverage Ratio	1.81	1.78	1.83
Compound Leverage Factor	1.77	1.70	1.80
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	1.97	2.40	1.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.31	1.79	1.23
Quick Ratio	1.17	1.68	1.07
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	2.86	136	-262
Operating Cash Flow to CapEx	110.41%	229.98%	80.58%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.54	0.54	0.63
Accounts Receivable Turnover	4.29	3.97	4.19
Inventory Turnover	29.82	56.12	46.97
Fixed Asset Turnover	0.96	0.95	1.20
Accounts Payable Turnover	7.86	3.37	2.83
Days Sales Outstanding (DSO)	85.10	91.89	87.19
Days Inventory Outstanding (DIO)	12.24	6.50	7.77
Days Payable Outstanding (DPO)	46.45	108.36	129.16
Cash Conversion Cycle (CCC)	50.89	-9.97	-34.20
Capital & Investment Metrics	-	-	-
Invested Capital	410	356	428
Invested Capital Turnover	1.25	1.16	1.36
Increase / (Decrease) in Invested Capital	54	-72	334
Enterprise Value (EV)	364	323	395
Market Capitalization	446	444	432
Book Value per Share	$4.83	$4.55	$4.30
Tangible Book Value per Share	$4.83	$4.55	$4.30
Total Capital	502	479	466
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-83	-121	-37
Capital Expenditures (CapEx)	103	97	160
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-27	-20	0.58
Debt-free Net Working Capital (DFNWC)	56	101	38
Net Working Capital (NWC)	56	101	38
Net Nonoperating Expense (NNE)	-1.38	3.43	20
Net Nonoperating Obligations (NNO)	-91	-123	-39
Total Depreciation and Amortization (D&A)	143	115	48
Debt-free, Cash-free Net Working Capital to Revenue	-5.55%	-4.49%	0.16%
Debt-free Net Working Capital to Revenue	11.73%	22.12%	10.73%
Net Working Capital to Revenue	11.73%	22.12%	10.73%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.56	$0.74
Adjusted Weighted Average Basic Shares Outstanding	103.67M	106.38M	69.57M
Adjusted Diluted Earnings per Share	$0.56	$0.56	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	103.75M	106.56M	69.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.74M	103.27M	107.32M
Normalized Net Operating Profit after Tax (NOPAT)	96	111	120
Normalized NOPAT Margin	19.95%	24.41%	33.84%
Pre Tax Income Margin	29.19%	32.99%	34.80%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	44.82%	44.36%	18.03%
Augmented Payout Ratio	56.45%	83.41%	25.36%

This table displays calculated financial ratios and metrics derived from VAALCO Energy's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-18.39%	20.70%	6.90%	24.57%	54.42%	48.88%	-1.57%	17.11%	71.32%	39.71%
EBITDA Growth	-34.95%	38.26%	23.53%	26.23%	95.63%	69.39%	-16.70%	267.34%	90.50%	80.88%
EBIT Growth	-63.76%	32.15%	92.44%	50.63%	213.89%	11.48%	-67.41%	171.32%	12.02%	105.92%
NOPAT Growth	-63.13%	62.94%	102.66%	101.06%	151.01%	-13.16%	-58.02%	-93.63%	-54.02%	-82.00%
Net Income Growth	-73.49%	78.96%	316.93%	121.50%	147.78%	-10.59%	-55.30%	-71.47%	-48.33%	-78.35%
EPS Growth	-70.73%	66.67%	350.00%	133.33%	141.18%	-45.45%	-76.00%	-85.00%	-70.18%	-79.25%
Operating Cash Flow Growth	-14.01%	-49.29%	-101.23%	-48.03%	6,171.04%	55.28%	-49.02%	5,641.69%	-125.12%	80.84%
Free Cash Flow Firm Growth	-133.07%	85.52%	99.33%	89.95%	136.47%	-650.33%	-570.95%	-1,546.41%	-629.41%	-491.63%
Invested Capital Growth	15.25%	13.31%	4.26%	8.72%	-16.77%	302.74%	257.55%	206.21%	355.85%	88.85%
Revenue Q/Q Growth	-13.26%	20.17%	16.60%	-32.85%	28.28%	6.43%	35.87%	-16.76%	23.68%	-29.63%
EBITDA Q/Q Growth	-26.53%	27.17%	26.50%	-44.96%	56.16%	13.62%	29.27%	-14.70%	35.21%	-44.13%
EBIT Q/Q Growth	-32.17%	14.47%	24.99%	-62.66%	147.35%	66.70%	-2.17%	-22.19%	-12.16%	-51.26%
NOPAT Q/Q Growth	44.73%	-27.47%	85.43%	-81.06%	539.60%	-9.79%	83.97%	-76.35%	121.28%	-56.40%
Net Income Q/Q Growth	6.12%	-60.96%	266.26%	-82.53%	616.35%	-9.05%	94.58%	-80.46%	158.50%	-54.53%
EPS Q/Q Growth	20.00%	-62.96%	285.71%	-82.93%	583.33%	0.00%	100.00%	-82.35%	54.55%	-56.00%
Operating Cash Flow Q/Q Growth	-6.82%	11,011.19%	-102.01%	-57.84%	-45.05%	165.00%	-15.34%	5,024.50%	-101.41%	-13.01%
Free Cash Flow Firm Q/Q Growth	14.17%	-2,243.59%	92.92%	-123.21%	137.57%	-8.19%	-6.51%	15.77%	-673.01%	3.26%
Invested Capital Q/Q Growth	-13.34%	12.19%	-3.46%	22.78%	-14.79%	3.23%	0.68%	-6.01%	312.33%	-8.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.01%	69.79%	52.23%	66.15%	73.82%	64.93%	64.04%	63.76%	51.84%	68.84%
EBITDA Margin	55.04%	64.98%	61.40%	56.60%	69.05%	56.72%	53.14%	55.85%	54.50%	49.85%
Operating Margin	32.71%	31.41%	17.47%	32.14%	54.27%	30.57%	18.81%	26.89%	25.08%	43.41%
EBIT Margin	24.60%	31.46%	33.03%	30.81%	55.41%	28.74%	18.35%	25.48%	27.26%	38.38%
Profit (Net Income) Margin	9.58%	7.83%	24.11%	7.67%	29.49%	5.28%	6.18%	4.32%	18.38%	8.79%
Tax Burden Percent	40.42%	25.23%	75.16%	25.69%	53.93%	19.20%	36.82%	19.02%	72.03%	23.10%
Interest Burden Percent	96.35%	98.67%	97.10%	96.97%	98.70%	95.73%	91.50%	89.04%	93.62%	99.22%
Effective Tax Rate	59.58%	74.77%	24.84%	74.31%	46.07%	80.80%	63.18%	80.98%	28.21%	76.82%
Return on Invested Capital (ROIC)	16.54%	9.01%	15.33%	9.35%	34.00%	9.06%	9.75%	7.02%	24.47%	39.86%
ROIC Less NNEP Spread (ROIC-NNEP)	20.67%	9.49%	-6.18%	10.66%	33.58%	10.48%	11.34%	8.70%	23.66%	41.45%
Return on Net Nonoperating Assets (RNNOA)	-4.52%	-0.55%	0.78%	-1.02%	-5.74%	-1.64%	-1.87%	-1.10%	-3.45%	-18.24%
Return on Equity (ROE)	12.02%	8.46%	16.11%	8.33%	28.26%	7.42%	7.87%	5.93%	21.02%	21.62%
Cash Return on Invested Capital (CROIC)	0.75%	6.33%	15.27%	7.74%	34.59%	-106.15%	-97.75%	-83.05%	-100.39%	60.87%
Operating Return on Assets (OROA)	13.25%	18.05%	18.25%	17.92%	30.04%	18.92%	11.15%	16.47%	17.27%	40.11%
Return on Assets (ROA)	5.16%	4.49%	13.32%	4.46%	15.99%	3.48%	3.76%	2.79%	11.64%	9.19%
Return on Common Equity (ROCE)	12.02%	8.46%	16.11%	8.33%	28.26%	7.42%	7.87%	5.93%	21.02%	21.62%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.13%	17.42%	13.66%	0.00%	7.68%	7.71%	9.49%	0.00%	39.44%
Net Operating Profit after Tax (NOPAT)	16	11	15	8.27	44	6.83	7.57	4.11	17	7.86
NOPAT Margin	13.22%	7.92%	13.13%	8.26%	29.27%	5.87%	6.93%	5.12%	18.01%	10.06%
Net Nonoperating Expense Percent (NNEP)	-4.13%	-0.48%	21.50%	-1.31%	0.42%	-1.41%	-1.59%	-1.67%	0.82%	-1.59%
Return On Investment Capital (ROIC_SIMPLE)	3.21%	1.94%	3.11%	1.50%	9.12%	1.31%	1.67%	0.90%	3.73%	4.49%
Cost of Revenue to Revenue	30.99%	30.21%	47.77%	33.85%	26.18%	35.07%	35.96%	36.24%	48.16%	31.16%
SG&A Expenses to Revenue	6.95%	4.94%	6.50%	6.70%	4.70%	5.35%	4.94%	6.50%	-0.45%	2.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.29%	38.38%	34.76%	34.01%	19.55%	34.35%	45.23%	36.88%	26.76%	25.44%
Earnings before Interest and Taxes (EBIT)	30	44	39	31	83	33	20	20	26	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	91	72	57	103	66	58	45	53	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	1.16	1.27	1.45	0.93	0.96	0.80	0.96	0.93	1.29
Price to Tangible Book Value (P/TBV)	0.89	1.16	1.27	1.45	0.93	0.96	0.80	0.96	0.93	1.29
Price to Revenue (P/Rev)	0.93	1.14	1.30	1.45	0.98	1.06	0.99	1.19	1.22	0.71
Price to Earnings (P/E)	7.63	6.38	7.27	10.64	7.35	12.54	10.40	10.10	8.33	3.27
Dividend Yield	5.81%	5.59%	5.17%	5.64%	7.40%	5.48%	5.60%	3.98%	3.26%	2.57%
Earnings Yield	13.10%	15.67%	13.75%	9.40%	13.60%	7.98%	9.62%	9.90%	12.00%	30.58%
Enterprise Value to Invested Capital (EV/IC)	0.89	1.19	1.33	1.49	0.91	0.96	0.78	0.96	0.92	1.50
Enterprise Value to Revenue (EV/Rev)	0.76	1.11	1.17	1.37	0.71	1.00	0.87	1.05	1.12	0.50
Enterprise Value to EBITDA (EV/EBITDA)	1.27	1.74	1.89	2.30	1.19	1.81	1.62	1.86	2.28	1.05
Enterprise Value to EBIT (EV/EBIT)	2.53	2.86	3.03	3.90	2.06	4.01	3.26	2.78	3.15	1.27
Enterprise Value to NOPAT (EV/NOPAT)	6.37	6.70	7.00	9.64	5.06	10.79	8.23	7.79	5.48	1.60
Enterprise Value to Operating Cash Flow (EV/OCF)	3.20	4.64	3.36	3.20	1.44	2.35	2.30	2.24	3.07	1.17
Enterprise Value to Free Cash Flow (EV/FCFF)	127.33	19.89	8.91	20.05	2.38	0.00	0.00	0.00	0.00	3.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.14	0.00	0.16	0.00	0.18	0.00	0.00	0.00	0.01
Long-Term Debt to Equity	0.00	0.14	0.00	0.16	0.00	0.18	0.00	0.00	0.00	0.01
Financial Leverage	-0.22	-0.06	-0.13	-0.10	-0.17	-0.16	-0.17	-0.13	-0.15	-0.44
Leverage Ratio	1.81	1.87	1.85	1.76	1.78	1.98	1.93	1.86	1.83	2.12
Compound Leverage Factor	1.75	1.84	1.79	1.71	1.75	1.89	1.77	1.65	1.72	2.11
Debt to Total Capital	0.00%	12.40%	0.00%	14.14%	0.00%	14.91%	0.00%	0.00%	0.00%	0.72%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	12.40%	0.00%	14.14%	0.00%	14.91%	0.00%	0.00%	0.00%	0.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	87.60%	100.00%	85.86%	100.00%	85.09%	100.00%	100.00%	100.00%	99.28%
Debt to EBITDA	0.00	0.22	0.00	0.27	0.00	0.35	0.00	0.00	0.00	0.01
Net Debt to EBITDA	0.00	-0.06	0.00	-0.13	0.00	-0.12	0.00	0.00	0.00	-0.46
Long-Term Debt to EBITDA	0.00	0.22	0.00	0.27	0.00	0.35	0.00	0.00	0.00	0.01
Debt to NOPAT	0.00	0.85	0.00	1.15	0.00	2.09	0.00	0.00	0.00	0.01
Net Debt to NOPAT	0.00	-0.22	0.00	-0.53	0.00	-0.69	0.00	0.00	0.00	-0.70
Long-Term Debt to NOPAT	0.00	0.85	0.00	1.15	0.00	2.09	0.00	0.00	0.00	0.01
Altman Z-Score	1.57	1.87	1.90	2.37	2.11	1.60	1.40	1.52	1.48	2.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.34	1.19	1.66	1.79	1.31	1.30	1.21	1.23	0.86
Quick Ratio	1.17	1.23	1.04	1.55	1.68	1.15	1.11	1.01	1.07	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-38	-44	-1.90	-27	115	-307	-284	-267	-316	-41
Operating Cash Flow to CapEx	107.40%	384.45%	-1.35%	131.38%	260.78%	418.24%	131.07%	151.65%	-1.52%	139.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.57	0.55	0.58	0.54	0.66	0.61	0.65	0.63	1.05
Accounts Receivable Turnover	4.29	4.67	4.16	5.06	3.97	6.38	3.54	4.63	4.19	16.52
Inventory Turnover	29.82	24.34	18.72	21.61	56.12	23.00	11.29	15.36	46.97	27.25
Fixed Asset Turnover	0.96	1.01	0.94	0.99	0.95	1.21	1.15	1.18	1.20	2.34
Accounts Payable Turnover	7.86	5.60	4.81	4.15	3.37	4.13	4.21	3.96	2.83	4.79
Days Sales Outstanding (DSO)	85.10	78.16	87.68	72.07	91.89	57.20	103.12	78.75	87.19	22.10
Days Inventory Outstanding (DIO)	12.24	15.00	19.50	16.89	6.50	15.87	32.33	23.77	7.77	13.39
Days Payable Outstanding (DPO)	46.45	65.16	75.90	87.86	108.36	88.32	86.69	92.08	129.16	76.14
Cash Conversion Cycle (CCC)	50.89	27.99	31.28	1.10	-9.97	-15.25	48.75	10.44	-34.20	-40.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	410	473	422	437	356	418	405	402	428	104
Invested Capital Turnover	1.25	1.14	1.17	1.13	1.16	1.54	1.41	1.37	1.36	3.96
Increase / (Decrease) in Invested Capital	54	56	17	35	-72	314	291	271	334	49
Enterprise Value (EV)	364	561	562	651	323	402	316	384	395	156
Market Capitalization	446	580	625	687	444	428	362	436	432	224
Book Value per Share	$4.83	$4.83	$4.77	$4.56	$4.55	$4.17	$4.23	$4.20	$4.30	$2.94
Tangible Book Value per Share	$4.83	$4.83	$4.77	$4.56	$4.55	$4.17	$4.23	$4.20	$4.30	$2.94
Total Capital	502	572	494	550	479	522	452	455	466	175
Total Debt	0.00	71	0.00	78	0.00	78	0.00	0.00	0.00	1.25
Total Long-Term Debt	0.00	71	0.00	78	0.00	78	0.00	0.00	0.00	1.25
Net Debt	-83	-18	-63	-36	-121	-26	-46	-52	-37	-68
Capital Expenditures (CapEx)	41	12	32	17	20	23	27	28	56	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-27	-29	-32	-27	-20	-52	-0.64	-22	0.58	-89
Debt-free Net Working Capital (DFNWC)	56	61	31	87	101	51	46	31	38	-20
Net Working Capital (NWC)	56	61	31	87	101	51	46	31	38	-20
Net Nonoperating Expense (NNE)	4.43	0.13	-13	0.58	-0.34	0.68	0.81	0.64	-0.36	0.99
Net Nonoperating Obligations (NNO)	-91	-28	-72	-36	-123	-27	-47	-53	-39	-70
Total Depreciation and Amortization (D&A)	37	47	33	26	20	33	38	24	26	8.96
Debt-free, Cash-free Net Working Capital to Revenue	-5.55%	-5.67%	-6.60%	-5.67%	-4.49%	-12.96%	-0.17%	-5.91%	0.16%	-28.41%
Debt-free Net Working Capital to Revenue	11.73%	11.96%	6.47%	18.23%	22.12%	12.74%	12.53%	8.34%	10.73%	-6.29%
Net Working Capital to Revenue	11.73%	11.96%	6.47%	18.23%	22.12%	12.74%	12.53%	8.34%	10.73%	-6.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	$0.10	$0.27	$0.07	$0.41	$0.06	$0.06	$0.03	$0.16	$0.12
Adjusted Weighted Average Basic Shares Outstanding	103.67M	103.74M	103.53M	103.66M	106.38M	106.29M	106.97M	107.39M	69.57M	59.07M
Adjusted Diluted Earnings per Share	$0.12	$0.10	$0.27	$0.07	$0.41	$0.06	$0.06	$0.03	$0.17	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	103.75M	103.84M	103.68M	104.54M	106.56M	106.43M	107.61M	108.75M	69.98M	59.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.74M	103.74M	103.74M	103.46M	103.27M	105.16M	106.48M	106.77M	107.32M	108.37M
Normalized Net Operating Profit after Tax (NOPAT)	28	31	15	23	44	25	14	15	17	24
Normalized NOPAT Margin	22.90%	21.99%	13.13%	23.42%	29.27%	21.40%	13.17%	18.82%	18.01%	30.39%
Pre Tax Income Margin	23.71%	31.04%	32.07%	29.88%	54.69%	27.51%	16.79%	22.69%	25.52%	38.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.82%	28.92%	30.66%	41.04%	44.36%	69.44%	54.34%	32.78%	18.03%	8.49%
Augmented Payout Ratio	56.45%	43.10%	52.73%	79.04%	83.41%	129.56%	95.72%	53.14%	25.36%	9.64%

Frequently Asked Questions About VAALCO Energy's Financials

When does VAALCO Energy's fiscal year end?

According to the most recent income statement we have on file, VAALCO Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has VAALCO Energy's net income changed over the last 2 years?

VAALCO Energy's net income appears to be on an upward trend, with a most recent value of $58.49 million in 2024, rising from $51.89 million in 2022. The previous period was $60.35 million in 2023. Check out VAALCO Energy's forecast to explore projected trends and price targets.

What is VAALCO Energy's operating income?

VAALCO Energy's total operating income in 2024 was $136.50 million, based on the following breakdown:

Total Gross Profit: $309.18 million
Total Operating Expenses: $172.69 million

How has VAALCO Energy revenue changed over the last 2 years?

Over the last 2 years, VAALCO Energy's total revenue changed from $354.33 million in 2022 to $478.99 million in 2024, a change of 35.2%.

How much debt does VAALCO Energy have?

VAALCO Energy's total liabilities were at $453.37 million at the end of 2024, a 31.6% increase from 2023, and a 16.4% increase since 2022.

How much cash does VAALCO Energy have?

In the past 2 years, VAALCO Energy's cash and equivalents has ranged from $37.21 million in 2022 to $121.00 million in 2023, and is currently $82.65 million as of their latest financial filing in 2024.

How has VAALCO Energy's book value per share changed over the last 2 years?

Over the last 2 years, VAALCO Energy's book value per share changed from 4.30 in 2022 to 4.83 in 2024, a change of 12.4%.

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This page (NYSE:EGY) was last updated on 5/21/2025 by MarketBeat.com Staff

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VAALCO Energy (EGY) Financials

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