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Vaalco Energy (EGY) Financials

Vaalco Energy logo
$5.93 -0.10 (-1.66%)
As of 08/21/2026 03:58 PM Eastern
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Annual Income Statements for Vaalco Energy

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -159 -27 9.65 98 2.56 -48 82 52 60 58 -41
Consolidated Net Income / (Loss)		 -159 -27 9.65 98 2.56 -48 82 52 60 58 -41
Net Income / (Loss) Continuing Operations		 -121 -18 10 99 -2.85 -48 82 52 60 58 -41
Total Pre-Tax Income 		-106 -9.02 21 55 21 -20 60 123 150 140 -27
Total Operating Income		 -103 -4.39 20 51 21 -27 79 171 159 136 -21
Total Gross Profit		 40 22 37 65 47 29 117 239 307 309 201
Total Revenue		 80 60 77 105 85 67 199 354 455 479 359
Operating Revenue		 80 60 77 105 85 67 199 354 455 479 359
Total Cost of Revenue		 40 38 40 40 37 38 82 116 148 170 158
Operating Cost of Revenue		 40 38 40 40 38 37 81 113 153 164 158
Other Cost of Revenue		 - - 0.45 -0.08 -0.34 1.17 0.88 3.08 -4.91 6.30 0.11
Total Operating Expenses		 143 27 17 13 26 56 38 67 148 173 222
Selling, General & Admin Expense		 15 20 10 11 15 11 15 10 24 30 33
Exploration Expense		 10 0.01 0.01 0.01 0.00 3.59 1.58 0.26 1.97 0.05 8.91
Depreciation Expense		 33 6.93 6.46 5.60 7.08 9.38 21 48 115 143 110
Other Operating Expenses / (Income)		 3.46 -0.07 0.08 -3.69 4.04 1.67 0.44 8.83 7.05 -0.08 2.39
Impairment Charge		 81 0.09 - 0.00 0.00 31 - - 0.00 0.00 67
Total Other Income / (Expense), net		 -2.86 -4.63 0.70 4.19 -0.15 6.86 -19 -48 -8.53 3.30 -5.96
Interest & Investment Income		 - - - -0.15 0.73 0.16 0.01 -2.03 -6.45 -3.73 -8.24
Other Income / (Expense), net		 -1.54 -2.02 2.11 4.33 -0.88 6.71 -19 -46 -2.07 7.03 2.28
Income Tax Expense		 15 9.25 10 -43 24 28 -22 71 90 81 15
Basic Earnings per Share		 ($2.72) ($0.45) $0.16 $1.64 $0.04 ($0.83) $1.38 $0.74 $0.56 $0.56 ($0.40)
Weighted Average Basic Shares Outstanding		 58.29M 58.38M 58.72M 59.25M 59.14M 57.59M 58.23M 69.57M 106.38M 103.67M 104.06M
Diluted Earnings per Share		 ($2.72) ($0.45) $0.16 $1.62 $0.04 ($0.83) $1.37 $0.73 $0.56 $0.56 ($0.40)
Weighted Average Diluted Shares Outstanding		 58.29M 58.38M 58.72M 60.00M 59.14M 57.59M 58.76M 69.98M 106.56M 103.75M 104.06M
Weighted Average Basic & Diluted Shares Outstanding		 58.30M 59M 60.30M 59.90M 57.98M 57.66M 58.67M 107.32M 103.27M 103.74M 104.26M
Cash Dividends to Common per Share		 - - - - - - - - $0.25 $0.25 $0.25

Quarterly Income Statements for Vaalco Energy

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 44 7.69 28 11 12 7.73 8.38 1.10 -59 -94 42
Consolidated Net Income / (Loss)		 44 7.69 28 11 12 7.73 8.38 1.10 -59 -94 42
Net Income / (Loss) Continuing Operations		 44 7.69 28 11 12 7.73 8.38 1.10 -59 -94 42
Total Pre-Tax Income 		82 30 37 44 29 24 15 -2.50 -63 -89 59
Total Operating Income		 81 32 20 44 40 26 17 0.90 -65 -16 44
Total Gross Profit		 110 66 61 98 84 66 56 31 48 34 89
Total Revenue		 149 100 117 140 122 110 97 61 91 63 135
Operating Revenue		 - 100 117 140 - 110 97 61 91 63 135
Total Cost of Revenue		 39 34 56 42 38 45 40 30 43 29 46
Operating Cost of Revenue		 46 32 52 42 37 45 40 30 43 28 45
Other Cost of Revenue		 -7.34 1.81 3.34 0.07 1.08 -0.03 0.03 0.48 -0.38 0.27 0.57
Total Operating Expenses		 29 34 41 54 44 39 39 30 113 50 46
Selling, General & Admin Expense		 7.01 8.02 7.59 6.93 8.45 9.05 8.50 8.85 6.70 8.28 11
Exploration Expense		 0.71 0.05 0.00 0.00 - 0.00 2.52 0.35 6.04 22 0.07
Depreciation Expense		 20 26 33 47 37 30 28 21 31 18 34
Other Special Charges / (Income)		 - - - - - 0.00 0.00 - - 1.20 0.00
Total Other Income / (Expense), net		 0.63 -2.27 17 -0.52 -11 -2.38 -1.82 -3.39 1.63 -73 16
Interest & Investment Income		 -1.08 -0.94 -1.12 -0.59 -1.09 -1.30 -2.57 -2.33 -2.04 -1.70 -2.75
Other Income / (Expense), net		 1.70 -1.33 18 0.07 -9.87 -1.09 0.75 -1.06 3.67 -72 18
Income Tax Expense		 38 22 9.30 33 17 16 6.98 -3.60 -4.65 4.32 17
Basic Earnings per Share		 $0.41 $0.07 $0.27 $0.10 $0.12 $0.07 $0.08 $0.01 ($0.56) ($0.90) $0.39
Weighted Average Basic Shares Outstanding		 106.38M 103.66M 103.53M 103.74M 103.67M 103.76M 103.94M 104.26M 104.06M 104.26M 104.52M
Diluted Earnings per Share		 $0.41 $0.07 $0.27 $0.10 $0.12 $0.07 $0.08 $0.01 ($0.56) ($0.90) $0.39
Weighted Average Diluted Shares Outstanding		 106.56M 104.54M 103.68M 103.84M 103.75M 103.79M 103.96M 104.28M 104.06M 104.26M 104.64M
Weighted Average Basic & Diluted Shares Outstanding		 103.27M 103.46M 103.74M 103.74M 103.74M 103.82M 104.26M 104.26M 104.26M 104.26M 105.19M

Annual Cash Flow Statements for Vaalco Energy

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -44 -17 1.64 14 12 2.19 11 -13 69 -31 -31
Net Cash From Operating Activities		 39 -0.08 8.96 37 26 27 50 129 224 114 213
Net Cash From Continuing Operating Activities		 42 -12 13 38 31 28 50 129 224 114 213
Net Income / (Loss) Continuing Operations		 -121 -18 10 99 -2.85 -48 82 52 60 58 -41
Consolidated Net Income / (Loss)		 -159 -27 9.65 98 2.56 -48 82 52 60 58 -41
Depreciation Expense		 33 8.35 6.46 5.60 7.08 9.38 21 48 115 143 110
Non-Cash Adjustments To Reconcile Net Income		 79 20 2.33 4.26 2.74 45 -21 -74 30 -1.93 81
Changes in Operating Assets and Liabilities, net		 50 -22 -6.05 -71 24 21 -31 103 18 -86 63
Net Cash From Investing Activities		 -83 -17 -1.50 -14 -10 -24 -39 -123 -97 -102 -256
Net Cash From Continuing Investing Activities		 -62 -17 -1.50 -14 -10 -24 -39 -123 -97 -102 -256
Purchase of Property, Plant & Equipment		 -68 -8.71 -1.81 -14 -10 -24 -39 -160 -97 -103 -253
Other Investing Activities, net		 5.54 -2.94 - - - - - 37 0.00 0.88 -3.03
Net Cash From Financing Activities		 0.44 -0.14 -5.82 -8.68 -3.66 -0.93 -0.06 -18 -57 -43 12
Net Cash From Continuing Financing Activities		 0.44 -0.14 -5.82 -8.68 -3.66 -0.93 -0.06 -18 -57 -43 12
Repayment of Debt		 0.00 -0.09 -10 -9.17 - 0.00 0.00 -2.07 0.00 0.00 -7.15
Repurchase of Common Equity		 0.00 -0.05 -0.02 -0.06 -3.91 -0.99 -1.43 -3.81 -24 -6.80 -0.71
Payment of Dividends		 - - - - - 0.00 0.00 -9.35 -27 -26 -26
Issuance of Debt		 0.00 0.00 4.17 - - - - - 0.00 0.00 60
Issuance of Common Equity		 0.44 0.00 0.04 0.54 0.26 0.06 1.37 0.31 0.67 0.45 0.00
Other Financing Activities, net		 - - - - - 0.00 0.00 -3.04 -7.15 -10 -13
Other Net Changes in Cash		 - - - - - 0.00 0.00 -0.22 -0.15 -0.00 0.08
Cash Interest Paid		 1.34 1.33 1.00 0.26 - 0.00 0.00 1.66 9.12 6.71 6.64

Quarterly Cash Flow Statements for Vaalco Energy

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 18 -9.45 -42 27 -7.25 -41 17 -42 35 -11 -18
Net Cash From Operating Activities		 52 22 -0.44 48 45 33 18 16 145 -39 74
Net Cash From Continuing Operating Activities		 52 22 -0.44 48 45 33 18 16 145 -39 74
Net Income / (Loss) Continuing Operations		 44 7.69 28 11 12 7.73 8.38 1.10 -59 -94 42
Consolidated Net Income / (Loss)		 44 7.69 28 11 12 7.73 8.38 1.10 -59 -94 42
Depreciation Expense		 20 26 33 47 37 30 28 21 31 18 34
Amortization Expense		 - 0.00 - - - 0.15 0.32 0.35 - 0.39 0.46
Non-Cash Adjustments To Reconcile Net Income		 8.61 2.19 -19 1.07 14 1.98 3.11 -0.77 77 19 -34
Changes in Operating Assets and Liabilities, net		 -21 -14 -43 -11 -18 -7.46 -22 -4.79 97 17 30
Net Cash From Investing Activities		 -20 -17 -32 -12 -41 -59 -49 -48 -100 -53 -104
Net Cash From Continuing Investing Activities		 -20 -17 -32 -12 -41 -59 -49 -48 -100 -53 -104
Purchase of Property, Plant & Equipment		 -20 -17 -32 -12 -41 -59 -49 -48 -97 -78 -104
Net Cash From Financing Activities		 -14 -14 -9.11 -8.70 -11 -15 48 -10 -10 81 12
Net Cash From Continuing Financing Activities		 -14 -14 -9.11 -8.70 -11 -15 48 -10 -10 81 12
Repayment of Debt		 0.08 0.00 - 0.00 - -5.12 -1.79 -0.19 -0.05 -1.16 -1.02
Repurchase of Common Equity		 -6.08 -6.34 -0.46 -0.00 0.00 -0.16 -0.55 - - 0.00 -1.99
Payment of Dividends		 -6.62 -6.46 -6.58 -6.61 -6.57 -6.57 -6.56 -6.68 -6.67 -6.69 -6.75
Issuance of Debt		 - - - - - 0.00 - - - 92 25
Other Financing Activities, net		 -1.90 -2.10 -2.07 -2.09 -4.22 -2.94 -3.39 -3.45 -3.51 -3.18 -3.04
Cash Interest Paid		 2.50 1.41 2.44 1.05 1.81 1.40 1.76 1.88 1.59 3.60 -0.77
Cash Income Taxes Paid		 - 0.00 - - - 30 1.98 - - 25 2.20

Annual Balance Sheets for Vaalco Energy

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 124 81 80 166 212 141 263 856 823 955 913
Total Current Assets		 64 38 36 59 70 64 88 200 228 238 133
Cash & Equivalents		 25 20 20 33 46 48 49 37 121 83 59
Restricted Cash		 1.05 0.74 0.84 0.80 0.91 0.09 0.08 0.22 0.11 0.14 0.14
Accounts Receivable		 25 10 7.05 14 19 7.92 33 136 93 131 48
Inventories, net		 0.83 0.91 3.26 0.79 1.07 3.91 1.59 3.34 1.95 9.44 1.77
Prepaid Expenses		 2.98 4.04 2.79 6.30 3.29 4.22 5.16 20 12 15 24
Other Current Nonoperating Assets		 8.37 2.14 2.84 3.29 - - - - - 0.00 0.18
Plant, Property, & Equipment, net		 33 28 23 53 68 37 94 495 460 538 586
Total Noncurrent Assets		 27 15 20 55 74 40 80 160 135 179 194
Noncurrent Note & Lease Receivables		 4.22 5.11 6.93 2.23 3.68 4.27 5.54 7.15 94 10 7.15
Noncurrent Deferred & Refundable Income Taxes		 - 0.00 1.26 40 24 0.00 40 35 29 56 55
Other Noncurrent Operating Assets		 5.14 8.51 11 12 45 35 33 116 10 105 99
Other Noncurrent Nonoperating Assets		 18 0.92 0.97 0.92 0.93 0.93 1.75 1.76 1.80 8.67 33
Total Liabilities & Shareholders' Equity		 124 81 80 166 212 141 263 856 823 955 913
Total Liabilities		 98 81 69 56 102 80 119 390 344 453 470
Total Current Liabilities		 67 56 47 41 64 53 84 162 127 182 192
Accounts Payable		 44 19 12 8.08 16 17 22 60 28 15 48
Accrued Expenses		 18 11 13 14 30 17 49 91 68 108 106
Current Deferred & Payable Income Tax Liabilities		 - - 0.00 3.27 5.74 0.86 3.13 0.00 19 42 20
Other Current Liabilities		 - - 0.00 0.30 12 18 9.64 10 12 17 18
Other Current Nonoperating Liabilities		 4.13 18 15 15 0.35 0.01 0.01 0.69 - 0.00 0.18
Total Noncurrent Liabilities		 31 26 23 15 38 27 35 227 217 272 278
Long-Term Debt		 15 6.94 2.31 - - - - - - 0.00 60
Capital Lease Obligations		 - - - - - - - - - 67 57
Asset Retirement Reserve & Litigation Obligation		 16 19 20 15 16 17 34 42 47 79 78
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 81 74 94 64
Other Noncurrent Operating Liabilities		 0.00 0.28 0.28 0.63 22 9.86 0.59 105 96 32 11
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 0.00 7.40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 26 -0.36 10 110 110 61 144 466 479 502 443
Total Preferred & Common Equity		 26 -0.36 10 110 110 61 144 466 479 502 443
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 26 -0.36 10 110 110 61 144 466 479 502 443
Common Stock		 76 77 78 79 80 81 84 366 370 375 381
Retained Earnings		 -12 -39 -30 69 71 23 104 147 177 210 142
Treasury Stock		 -38 -38 -38 -38 -41 -42 -44 -48 -71 -78 -79
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - 0.00 1.18 2.88 -4.96 -0.50

Quarterly Balance Sheets for Vaalco Energy

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 824 829 828 809 917 938 927 965 950 921 969
Total Current Assets		 179 199 218 218 195 237 201 224 174 116 89
Cash & Equivalents		 52 46 103 113 63 89 41 68 24 48 30
Restricted Cash		 0.08 0.11 0.11 0.14 0.14 0.15 9.72 0.19 0.20 0.11 0.11
Accounts Receivable		 98 124 89 90 108 128 126 137 119 35 30
Inventories, net		 12 11 9.29 2.39 7.31 4.78 7.99 1.26 8.96 9.96 5.11
Prepaid Expenses		 17 18 16 12 17 15 16 17 22 23 23
Other Current Nonoperating Assets		 - - - - - - - - - 0.00 0.00
Plant, Property, & Equipment, net		 500 482 468 457 548 532 563 587 624 642 710
Total Noncurrent Assets		 145 148 142 134 174 170 163 154 153 163 170
Noncurrent Note & Lease Receivables		 99 8.81 9.46 95 6.11 10 84 5.18 6.55 75 8.06
Noncurrent Deferred & Refundable Income Taxes		 33 37 31 30 65 57 48 44 44 50 61
Other Noncurrent Operating Assets		 10 100 99 9.04 94 93 31 105 100 37 99
Other Noncurrent Nonoperating Assets		 1.77 1.78 1.79 0.00 8.79 9.46 0.00 0.00 1.66 1.66 1.66
Total Liabilities & Shareholders' Equity		 824 829 828 809 917 938 927 965 950 921 969
Total Liabilities		 369 377 383 337 424 437 423 453 445 576 588
Total Current Liabilities		 149 154 167 131 164 176 178 161 166 226 204
Accounts Payable		 53 47 45 21 24 16 21 22 18 38 41
Accrued Expenses		 81 84 76 60 115 104 115 100 107 167 136
Current Deferred & Payable Income Tax Liabilities		 5.42 13 33 38 12 43 24 22 24 2.51 7.65
Other Current Liabilities		 8.95 9.35 11 12 12 13 17 17 17 19 19
Other Current Nonoperating Liabilities		 0.67 0.67 0.67 - - - - - - 0.00 0.00
Total Noncurrent Liabilities		 220 223 217 205 260 261 245 292 278 350 384
Long-Term Debt		 - - - - - - - 60 60 152 177
Capital Lease Obligations		 - - 78 78 - 71 66 63 60 54 51
Asset Retirement Reserve & Litigation Obligation		 42 43 45 48 65 66 81 83 84 81 82
Noncurrent Deferred & Payable Income Tax Liabilities		 80 83 76 71 112 103 85 75 63 48 60
Other Noncurrent Operating Liabilities		 98 97 17 8.68 83 20 13 12 11 15 15
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 455 452 444 473 494 501 504 512 506 345 380
Total Preferred & Common Equity		 455 452 444 473 494 501 504 512 506 345 380
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 455 452 444 473 494 501 504 512 506 345 380
Common Stock		 367 367 369 371 372 373 376 378 379 382 384
Retained Earnings		 141 141 140 179 200 205 211 213 207 41 77
Treasury Stock		 -53 -59 -65 -78 -78 -78 -78 -79 -79 -79 -81
Accumulated Other Comprehensive Income / (Loss)		 1.05 3.06 0.84 0.43 -0.64 1.01 -4.85 -0.09 -1.89 0.00 0.00

Annual Metrics And Ratios for Vaalco Energy

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 58,403,943.00 58,633,937.00 58,818,031.00 59,538,878.00 58,387,504.00 57,456,139.00 58,611,072.00 - - - 104,258,253.00
DEI Adjusted Shares Outstanding		 58,403,943.00 58,633,937.00 58,818,031.00 59,538,878.00 58,387,504.00 57,456,139.00 58,611,072.00 - - - 104,258,253.00
DEI Earnings Per Adjusted Shares Outstanding		 -2.72 -0.45 0.16 1.65 0.04 -0.84 1.40 - - - -0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -37.00% -25.68% 28.84% 36.25% -19.46% -20.52% 196.35% 77.99% 28.43% 5.26% -24.99%
EBITDA Growth		 -130.58% 102.73% 1,386.11% 113.33% -55.16% -139.79% 835.20% 114.64% 56.72% 5.40% -68.02%
EBIT Growth		 -103.81% 93.88% 444.43% 152.08% -63.49% -201.22% 390.74% 109.72% 24.92% -8.34% -112.77%
NOPAT Growth		 -103.75% 95.74% 422.88% 819.73% -103.14% -565.31% 668.10% -33.52% -11.51% -10.46% -125.26%
Net Income Growth		 -104.59% 83.27% 136.35% 917.84% -97.39% -1,979.87% 269.85% -36.59% 16.31% -3.09% -170.77%
EPS Growth		 -100.00% 83.46% 135.56% 912.50% -97.53% -2,175.00% 265.06% -46.72% -23.29% 0.00% -171.43%
Operating Cash Flow Growth		 66.20% -100.20% 11,437.97% 315.05% -28.79% 3.69% 82.58% 157.09% 73.54% -49.14% 87.01%
Free Cash Flow Firm Growth		 221.84% -149.83% 142.86% 88.55% 44.62% 42.39% -11.16% -1,061.71% 151.78% -97.89% 80.53%
Invested Capital Growth		 -106.93% 216.86% 24.63% 741.97% -28.12% -79.78% 644.42% 355.85% -16.77% 15.25% -0.39%
Revenue Q/Q Growth		 -6.41% -3.54% 2.43% 11.06% -6.30% -12.24% 28.23% 12.80% 13.06% -5.42% -7.87%
EBITDA Q/Q Growth		 44.88% 107.24% 17.36% 43.36% -37.77% -1,705.25% 61.25% 16.84% 22.72% -11.16% -51.51%
EBIT Q/Q Growth		 33.87% 85.14% 36.01% 42.34% -44.94% -85.57% 87.17% 2.31% 56.16% -26.85% -125.16%
NOPAT Q/Q Growth		 34.63% 89.31% 137.35% -0.73% -157.04% -79.42% 60.77% -25.75% 71.24% -31.84% -138.93%
Net Income Q/Q Growth		 9.96% 74.39% 274.21% 7.66% -78.59% -10.58% 86.50% -24.25% 76.90% -35.60% -243.35%
EPS Q/Q Growth		 11.11% 74.58% 300.00% 8.00% -80.00% -10.67% 85.14% -35.40% 75.00% -34.12% -242.86%
Operating Cash Flow Q/Q Growth		 531.60% -105.98% 180.87% -10.99% -12.31% 66.55% -9.06% -3.19% 30.79% -6.00% 89.84%
Free Cash Flow Firm Q/Q Growth		 236.97% -167.52% 1,440.05% -42.81% -26.68% 61.53% -20.47% -642.14% 148.97% -89.88% 86.04%
Invested Capital Q/Q Growth		 -111.40% 37.68% 6.48% 14.67% 21.49% -41.91% 70.82% 312.33% -14.79% -13.34% -20.76%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.16% 37.13% 47.88% 61.56% 55.81% 42.72% 58.74% 67.33% 67.42% 64.55% 55.94%
EBITDA Margin		 -88.68% 3.25% 37.51% 58.73% 32.69% -16.37% 40.60% 48.96% 59.75% 59.83% 25.51%
Operating Margin		 -128.17% -7.34% 25.90% 48.87% 25.07% -40.58% 39.73% 48.34% 34.86% 28.50% -5.74%
EBIT Margin		 -130.08% -10.72% 28.65% 53.00% 24.03% -30.60% 30.02% 35.38% 34.41% 29.97% -5.10%
Profit (Net Income) Margin		 -197.22% -44.41% 12.53% 93.61% 3.03% -71.72% 41.11% 14.64% 13.26% 12.21% -11.52%
Tax Burden Percent		 149.72% 294.38% 46.74% 177.08% 12.18% 236.16% 136.90% 42.08% 40.20% 41.84% 155.79%
Interest Burden Percent		 101.27% 140.79% 93.59% 99.74% 103.61% 99.25% 100.02% 98.38% 95.88% 97.40% 144.98%
Effective Tax Rate		 0.00% 0.00% 50.26% -77.97% 113.53% 0.00% -37.06% 57.92% 59.80% 58.16% 0.00%
Return on Invested Capital (ROIC)		 -152.00% -515.72% 106.95% 188.21% -3.85% -50.95% 203.78% 27.65% 16.28% 14.91% -3.03%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.03% -324.28% 100.61% 128.04% -19.25% 9.51% 257.29% 73.01% 20.53% 13.62% -672.08%
Return on Net Nonoperating Assets (RNNOA)		 -1.64% 309.25% 87.41% -24.65% 6.18% -5.35% -124.24% -10.64% -3.51% -2.98% -5.73%
Return on Equity (ROE)		 -153.63% -206.47% 194.36% 163.56% 2.33% -56.29% 79.55% 17.00% 12.77% 11.93% -8.76%
Cash Return on Invested Capital (CROIC)		 0.00% -222.78% 85.02% 30.67% 28.87% 81.77% 51.15% -100.39% 34.59% 0.75% -2.64%
Operating Return on Assets (OROA)		 -56.14% -6.25% 27.47% 45.23% 10.75% -11.65% 29.56% 22.41% 18.65% 16.14% -1.96%
Return on Assets (ROA)		 -85.11% -25.90% 12.01% 79.88% 1.36% -27.32% 40.48% 9.28% 7.19% 6.58% -4.43%
Return on Common Equity (ROCE)		 -153.63% -206.47% 194.36% 163.56% 2.33% -56.29% 79.55% 17.00% 12.77% 11.93% -8.76%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.13% 12.61% 11.66% 0.00%
Net Operating Profit after Tax (NOPAT)		 -72 -3.07 9.92 91 -2.87 -19 108 72 64 57 -14
NOPAT Margin		 -89.72% -5.14% 12.88% 86.98% -3.39% -28.41% 54.46% 20.34% 14.02% 11.92% -4.02%
Net Nonoperating Expense Percent (NNEP)		 -155.03% -191.44% 6.34% 60.17% 15.40% -60.45% -53.51% -45.36% -4.25% 1.29% 669.05%
Return On Investment Capital (ROIC_SIMPLE)		 -175.71% -21.83% 51.52% 83.11% -2.61% -31.05% 75.13% 15.46% 13.32% 11.39% -2.57%
Cost of Revenue to Revenue		 49.84% 62.87% 52.12% 38.44% 44.19% 57.28% 41.26% 32.67% 32.58% 35.45% 44.06%
SG&A Expenses to Revenue		 18.97% 32.84% 13.47% 10.86% 17.58% 15.92% 7.42% 2.84% 5.24% 6.20% 9.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 178.33% 44.48% 21.97% 12.69% 30.74% 83.30% 19.01% 19.00% 32.56% 36.05% 61.68%
Earnings before Interest and Taxes (EBIT)		 -105 -6.41 22 56 20 -21 60 125 157 144 -18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -71 1.94 29 62 28 -11 81 173 272 287 92
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.87 0.00 3.19 0.64 0.95 1.32 1.04 0.93 0.93 0.89 0.85
Price to Tangible Book Value (P/TBV)		 2.87 0.00 3.19 0.64 0.95 1.32 1.04 0.93 0.93 0.89 0.85
Price to Revenue (P/Rev)		 0.93 0.82 0.43 0.67 1.23 1.21 0.76 1.22 0.98 0.93 1.04
Price to Earnings (P/E)		 0.00 0.00 3.40 0.71 40.48 0.00 1.84 8.33 7.35 7.63 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.26% 7.40% 5.81% 6.95%
Earnings Yield		 0.00% 0.00% 29.41% 140.21% 2.47% 0.00% 54.34% 12.00% 13.60% 13.10% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 5.09 2.07 0.41 0.91 2.66 1.09 0.92 0.91 0.89 0.91
Enterprise Value to Revenue (EV/Rev)		 0.79 0.70 0.28 0.34 0.67 0.50 0.51 1.12 0.71 0.76 1.21
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 21.62 0.74 0.58 2.06 0.00 1.26 2.28 1.19 1.27 4.72
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.96 0.65 2.80 0.00 1.70 3.15 2.06 2.53 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 2.14 0.39 0.00 0.00 0.94 5.48 5.06 6.37 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.63 0.00 2.38 0.97 2.15 1.22 2.03 3.07 1.44 3.20 2.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.72 0.00 2.70 2.41 2.65 1.09 3.74 0.00 2.38 127.33 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.58 -40.34 0.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.26
Long-Term Debt to Equity		 0.58 -19.39 0.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.26
Financial Leverage		 -0.54 -0.95 0.87 -0.19 -0.32 -0.56 -0.48 -0.15 -0.17 -0.22 0.01
Leverage Ratio		 1.81 7.97 16.18 2.05 1.72 2.06 1.97 1.83 1.78 1.81 1.98
Compound Leverage Factor		 1.83 11.22 15.14 2.04 1.78 2.05 1.97 1.80 1.70 1.77 2.87
Debt to Total Capital		 36.52% 102.54% 46.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 20.91%
Short-Term Debt to Total Capital		 0.00% 53.26% 34.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 36.52% 49.28% 11.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 20.91%
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% 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% 0.00%
Common Equity to Total Capital		 63.48% -2.54% 53.41% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 79.09%
Debt to EBITDA		 -0.21 7.43 0.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28
Net Debt to EBITDA		 0.16 -3.49 -0.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.64
Long-Term Debt to EBITDA		 -0.21 3.57 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28
Debt to NOPAT		 -0.21 -4.70 0.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13
Net Debt to NOPAT		 0.16 2.20 -1.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.04
Long-Term Debt to NOPAT		 -0.21 -2.26 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13
Altman Z-Score		 -1.84 -0.10 1.49 3.18 1.83 0.93 2.84 1.86 2.40 1.97 0.95
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.96 0.69 0.78 1.43 1.09 1.22 1.05 1.23 1.79 1.31 0.69
Quick Ratio		 0.76 0.55 0.57 1.16 1.01 1.06 0.97 1.07 1.68 1.17 0.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 37 -18 7.89 15 22 31 27 -262 136 2.86 -13
Operating Cash Flow to CapEx		 57.11% -0.91% 494.04% 263.16% 255.82% 112.83% 128.30% 80.58% 229.98% 110.41% 84.11%
Free Cash Flow to Firm to Interest Expense		 27.88 -7.04 5.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 29.34 -0.03 6.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -22.03 -3.36 5.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.43 0.58 0.96 0.85 0.45 0.38 0.98 0.63 0.54 0.54 0.38
Accounts Receivable Turnover		 2.73 3.38 8.95 9.85 5.15 5.07 9.78 4.19 3.97 4.29 4.03
Inventory Turnover		 26.52 43.05 19.23 19.93 40.22 15.46 29.87 46.97 56.12 29.82 28.23
Fixed Asset Turnover		 1.14 1.95 3.01 2.76 1.40 1.28 3.03 1.20 0.95 0.96 0.64
Accounts Payable Turnover		 1.44 1.19 2.62 4.10 3.11 2.36 4.24 2.83 3.37 7.86 5.03
Days Sales Outstanding (DSO)		 133.57 107.84 40.80 37.05 70.87 71.95 37.32 87.19 91.89 85.10 90.59
Days Inventory Outstanding (DIO)		 13.76 8.48 18.98 18.31 9.07 23.61 12.22 7.77 6.50 12.24 12.93
Days Payable Outstanding (DPO)		 254.03 307.04 139.46 88.98 117.18 154.55 86.04 129.16 108.36 46.45 72.56
Cash Conversion Cycle (CCC)		 -106.70 -190.72 -79.68 -33.61 -37.24 -58.99 -36.51 -34.20 -9.97 50.89 30.96
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -7.07 8.26 10 87 62 13 94 428 356 410 476
Invested Capital Turnover		 1.69 100.31 8.30 2.16 1.13 1.79 3.74 1.36 1.16 1.25 0.75
Increase / (Decrease) in Invested Capital		 -109 15 2.04 76 -24 -50 81 334 -72 54 -1.86
Enterprise Value (EV)		 63 42 21 36 57 33 102 395 323 364 433
Market Capitalization		 75 49 33 70 104 81 151 432 444 446 375
Book Value per Share		 $0.45 ($0.01) $0.17 $1.84 $1.88 $1.07 $2.46 $4.30 $4.55 $4.83 $4.25
Tangible Book Value per Share		 $0.45 ($0.01) $0.17 $1.84 $1.88 $1.07 $2.46 $4.30 $4.55 $4.83 $4.25
Total Capital		 41 14 19 110 110 61 144 466 479 502 561
Total Debt		 15 14 8.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 117
Total Long-Term Debt		 15 6.94 2.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 117
Net Debt		 -11 -6.78 -12 -34 -47 -48 -49 -37 -121 -83 58
Capital Expenditures (CapEx)		 68 8.71 1.81 14 10 24 39 160 97 103 253
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -29 -31 -24 -16 -41 -37 -45 0.58 -20 -27 -118
Debt-free Net Working Capital (DFNWC)		 -2.97 -9.58 -3.47 18 6.01 11 4.03 38 101 56 -59
Net Working Capital (NWC)		 -2.97 -17 -10 18 6.01 11 4.03 38 101 56 -59
Net Nonoperating Expense (NNE)		 86 23 0.27 -6.96 -5.43 29 27 20 3.43 -1.38 27
Net Nonoperating Obligations (NNO)		 -33 8.62 0.01 -23 -47 -49 -50 -39 -123 -91 32
Total Depreciation and Amortization (D&A)		 33 8.35 6.83 6.01 7.32 9.56 21 48 115 143 110
Debt-free, Cash-free Net Working Capital to Revenue		 -36.52% -51.51% -31.13% -15.64% -48.30% -54.39% -22.46% 0.16% -4.49% -5.55% -32.86%
Debt-free Net Working Capital to Revenue		 -3.70% -16.02% -4.51% 16.91% 7.11% 16.97% 2.03% 10.73% 22.12% 11.73% -16.43%
Net Working Capital to Revenue		 -3.70% -28.57% -13.16% 16.91% 7.11% 16.97% 2.03% 10.73% 22.12% 11.73% -16.43%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.72) ($0.45) $0.16 $0.00 $0.04 ($0.83) $1.38 $0.74 $0.56 $0.56 ($0.40)
Adjusted Weighted Average Basic Shares Outstanding		 58.29M 58.38M 58.72M 0.00 59.14M 57.59M 58.23M 69.57M 106.38M 103.67M 104.06M
Adjusted Diluted Earnings per Share		 ($2.72) ($0.45) $0.16 $0.00 $0.04 ($0.83) $1.37 $0.73 $0.56 $0.56 ($0.40)
Adjusted Weighted Average Diluted Shares Outstanding		 58.29M 58.38M 58.72M 0.00 59.14M 57.59M 58.76M 69.98M 106.56M 103.75M 104.06M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 58.53M 58.55K 58.86M 0.00 57.98M 57.66M 58.67M 107.32M 103.27M 103.74M 104.26M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -3.01 14 36 15 2.35 55 120 111 96 33
Normalized NOPAT Margin		 -18.96% -5.04% 18.13% 34.21% 17.55% 3.50% 27.81% 33.84% 24.41% 19.95% 9.08%
Pre Tax Income Margin		 -131.73% -15.09% 26.81% 52.86% 24.90% -30.37% 30.03% 34.80% 32.99% 29.19% -7.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -78.98 -2.45 15.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -54.47 -1.18 7.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -130.35 -5.78 14.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -105.84 -4.51 5.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.03% 44.36% 44.82% -63.98%
Augmented Payout Ratio		 0.00% -0.19% 0.21% 0.06% 152.59% -2.06% 1.74% 25.36% 83.41% 56.45% -65.69%

Quarterly Metrics And Ratios for Vaalco Energy

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 103,743,163.00 103,819,046.00 104,258,253.00 104,258,253.00 104,258,253.00 104,258,253.00
DEI Adjusted Shares Outstanding		 - - - - - 103,743,163.00 103,819,046.00 104,258,253.00 104,258,253.00 104,258,253.00 104,258,253.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.07 0.08 0.01 -0.56 -0.90 0.41
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 54.42% 24.57% 6.90% 20.70% -18.39% 10.16% -17.03% -56.53% -25.20% -43.26% 39.50%
EBITDA Growth		 95.63% 26.23% 23.53% 38.26% -34.95% -1.98% -35.12% -77.25% -145.32% -224.46% 107.89%
EBIT Growth		 213.89% 50.63% 92.44% 32.15% -63.76% -18.64% -53.50% -100.37% -304.38% -449.49% 245.62%
NOPAT Growth		 151.01% 101.06% 102.66% 62.94% -63.13% 2.83% -38.88% -94.35% -382.18% -232.83% 233.27%
Net Income Growth		 147.78% 121.50% 316.93% 78.96% -73.49% 0.57% -70.23% -89.98% -602.46% -1,312.99% 406.50%
EPS Growth		 141.18% 133.33% 350.00% 66.67% -70.73% 0.00% -70.37% -90.00% -566.67% -1,385.71% 387.50%
Operating Cash Flow Growth		 6,171.04% -48.03% -101.23% -49.29% -14.01% 49.81% 4,287.90% -65.59% 225.99% -219.94% 301.79%
Free Cash Flow Firm Growth		 136.47% 89.95% 99.33% 85.52% -133.07% -177.17% -7,040.19% -184.30% 58.73% 110.07% 116.17%
Invested Capital Growth		 -16.77% 8.72% 4.26% 13.31% 15.25% 18.93% 34.33% 26.84% -0.39% -3.61% 1.65%
Revenue Q/Q Growth		 28.28% -32.85% 16.60% 20.17% -13.26% -9.36% -12.18% -37.04% 49.23% -31.24% 115.92%
EBITDA Q/Q Growth		 56.16% -44.96% 26.50% 27.17% -26.53% -17.07% -16.26% -55.42% -246.39% -127.74% 239.88%
EBIT Q/Q Growth		 147.35% -62.66% 24.99% 14.47% -32.17% -16.16% -28.57% -100.90% -37,682.10% -43.37% 170.64%
NOPAT Q/Q Growth		 539.60% -81.06% 85.43% -27.47% 44.73% -47.17% 10.22% -93.29% -7,325.06% 75.13% 376.55%
Net Income Q/Q Growth		 616.35% -82.53% 266.26% -60.96% 6.12% -33.72% 8.41% -86.86% -5,422.62% -60.00% 145.27%
EPS Q/Q Growth		 583.33% -82.93% 285.71% -62.96% 20.00% -41.67% 14.29% -87.50% -5,700.00% -60.71% 143.33%
Operating Cash Flow Q/Q Growth		 -45.05% -57.84% -102.01% 11,011.19% -6.82% -26.56% -43.92% -10.35% 782.78% -127.02% 287.89%
Free Cash Flow Firm Q/Q Growth		 137.57% -123.21% 92.92% -2,243.59% 14.17% 29.67% -82.48% 6.68% 65.54% 117.16% 193.02%
Invested Capital Q/Q Growth		 -14.79% 22.78% -3.46% 12.19% -13.34% 8.83% 9.04% 5.93% -20.76% 5.31% 14.99%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 73.82% 66.15% 52.23% 69.79% 69.01% 59.41% 58.28% 50.24% 53.07% 54.23% 65.94%
EBITDA Margin		 69.05% 56.60% 61.40% 64.98% 55.04% 50.36% 48.01% 34.00% -33.35% -110.46% 71.56%
Operating Margin		 54.27% 32.14% 17.47% 31.41% 32.71% 23.74% 17.73% 1.47% -71.26% -25.78% 32.25%
EBIT Margin		 55.41% 30.81% 33.03% 31.46% 24.60% 22.76% 18.51% -0.27% -67.23% -140.18% 45.86%
Profit (Net Income) Margin		 29.49% 7.67% 24.11% 7.83% 9.58% 7.01% 8.65% 1.80% -64.37% -149.79% 31.40%
Tax Burden Percent		 53.93% 25.69% 75.16% 25.23% 40.42% 32.46% 54.55% -44.13% 92.65% 104.82% 71.65%
Interest Burden Percent		 98.70% 96.97% 97.10% 98.67% 96.35% 94.84% 85.66% 1,540.12% 103.34% 101.94% 95.56%
Effective Tax Rate		 46.07% 74.31% 24.84% 74.77% 59.58% 67.54% 45.45% 0.00% 0.00% 0.00% 28.35%
Return on Invested Capital (ROIC)		 34.00% 9.35% 15.33% 9.01% 16.54% 7.88% 9.18% 0.75% -37.61% -11.02% 14.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.58% 10.66% -6.18% 9.49% 20.67% 15.58% 21.05% 2.17% -364.74% -107.16% 23.09%
Return on Net Nonoperating Assets (RNNOA)		 -5.74% -1.02% 0.78% -0.55% -4.52% -0.32% -0.35% 0.14% -3.11% -21.65% 6.49%
Return on Equity (ROE)		 28.26% 8.33% 16.11% 8.46% 12.02% 7.56% 8.83% 0.89% -40.72% -32.67% 20.64%
Cash Return on Invested Capital (CROIC)		 34.59% 7.74% 15.27% 6.33% 0.75% -5.35% -20.36% -16.76% -2.64% -4.96% -6.11%
Operating Return on Assets (OROA)		 30.04% 17.92% 18.25% 18.05% 13.25% 12.82% 9.23% -0.11% -25.86% -47.27% 16.59%
Return on Assets (ROA)		 15.99% 4.46% 13.32% 4.49% 5.16% 3.95% 4.31% 0.75% -24.76% -50.51% 11.36%
Return on Common Equity (ROCE)		 28.26% 8.33% 16.11% 8.46% 12.02% 7.56% 8.83% 0.89% -40.72% -32.67% 20.64%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.66% 17.42% 18.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 44 8.27 15 11 16 8.50 9.37 0.63 -45 -11 31
NOPAT Margin		 29.27% 8.26% 13.13% 7.92% 13.22% 7.71% 9.67% 1.03% -49.88% -18.04% 23.11%
Net Nonoperating Expense Percent (NNEP)		 0.42% -1.31% 21.50% -0.48% -4.13% -7.69% -11.87% -1.42% 327.14% 96.14% -8.94%
Return On Investment Capital (ROIC_SIMPLE)		 9.12% 1.50% 3.11% 1.94% 3.21% 1.49% 1.48% 0.10% -8.10% -2.05% 5.14%
Cost of Revenue to Revenue		 26.18% 33.85% 47.77% 30.21% 30.99% 40.59% 41.72% 49.76% 46.93% 45.77% 34.06%
SG&A Expenses to Revenue		 4.70% 6.70% 6.50% 4.94% 6.95% 8.20% 8.77% 14.50% 7.36% 13.22% 8.28%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.55% 34.01% 34.76% 38.38% 36.29% 35.67% 40.55% 48.77% 124.33% 80.01% 33.69%
Earnings before Interest and Taxes (EBIT)		 83 31 39 44 30 25 18 -0.16 -61 -88 62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 103 57 72 91 67 56 47 21 -30 -69 97
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 1.45 1.27 1.16 0.89 0.72 0.70 0.80 0.85 1.92 1.39
Price to Tangible Book Value (P/TBV)		 0.93 1.45 1.27 1.16 0.89 0.72 0.70 0.80 0.85 1.92 1.39
Price to Revenue (P/Rev)		 0.98 1.45 1.30 1.14 0.93 0.75 0.76 1.04 1.04 2.12 1.51
Price to Earnings (P/E)		 7.35 10.64 7.27 6.38 7.63 6.24 9.23 14.08 0.00 0.00 0.00
Dividend Yield		 7.40% 5.64% 5.17% 5.59% 5.81% 7.10% 7.25% 6.41% 6.95% 3.94% 4.92%
Earnings Yield		 13.60% 9.40% 13.75% 15.67% 13.10% 16.03% 10.83% 7.10% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.91 1.49 1.33 1.19 0.89 0.73 0.73 0.84 0.91 1.63 1.26
Enterprise Value to Revenue (EV/Rev)		 0.71 1.37 1.17 1.11 0.76 0.78 0.88 1.29 1.21 2.63 2.08
Enterprise Value to EBITDA (EV/EBITDA)		 1.19 2.30 1.89 1.74 1.27 1.33 1.59 2.66 4.72 0.00 43.39
Enterprise Value to EBIT (EV/EBIT)		 2.06 3.90 3.03 2.86 2.53 2.76 3.52 6.90 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.06 9.64 7.00 6.70 6.37 6.66 9.34 13.57 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.44 3.20 3.36 4.64 3.20 3.06 2.88 4.49 2.04 5.82 3.71
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.38 20.05 8.91 19.89 127.33 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.16 0.00 0.14 0.00 0.13 0.24 0.24 0.26 0.60 0.60
Long-Term Debt to Equity		 0.00 0.16 0.00 0.14 0.00 0.13 0.24 0.24 0.26 0.60 0.60
Financial Leverage		 -0.17 -0.10 -0.13 -0.06 -0.22 -0.02 -0.02 0.07 0.01 0.20 0.28
Leverage Ratio		 1.78 1.76 1.85 1.87 1.81 1.78 1.87 1.88 1.98 2.18 2.17
Compound Leverage Factor		 1.75 1.71 1.79 1.84 1.75 1.69 1.60 28.88 2.04 2.22 2.07
Debt to Total Capital		 0.00% 14.14% 0.00% 12.40% 0.00% 11.61% 19.40% 19.20% 20.91% 37.37% 37.46%
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% 0.00%
Long-Term Debt to Total Capital		 0.00% 14.14% 0.00% 12.40% 0.00% 11.61% 19.40% 19.20% 20.91% 37.37% 37.46%
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% 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% 0.00%
Common Equity to Total Capital		 100.00% 85.86% 100.00% 87.60% 100.00% 88.39% 80.60% 80.80% 79.09% 62.63% 62.54%
Debt to EBITDA		 0.00 0.27 0.00 0.22 0.00 0.23 0.47 0.64 1.28 -6.18 13.60
Net Debt to EBITDA		 0.00 -0.13 0.00 -0.06 0.00 0.05 0.21 0.51 0.64 -4.73 11.78
Long-Term Debt to EBITDA		 0.00 0.27 0.00 0.22 0.00 0.23 0.47 0.64 1.28 -6.18 13.60
Debt to NOPAT		 0.00 1.15 0.00 0.85 0.00 1.16 2.79 3.25 -8.13 -4.67 -8.91
Net Debt to NOPAT		 0.00 -0.53 0.00 -0.22 0.00 0.27 1.25 2.59 -4.04 -3.58 -7.72
Long-Term Debt to NOPAT		 0.00 1.15 0.00 0.85 0.00 1.16 2.79 3.25 -8.13 -4.67 -8.91
Altman Z-Score		 2.11 2.37 1.90 1.87 1.57 1.48 1.41 1.27 0.79 0.63 1.08
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.79 1.66 1.19 1.34 1.31 1.13 1.39 1.05 0.69 0.51 0.44
Quick Ratio		 1.68 1.55 1.04 1.23 1.17 0.94 1.27 0.86 0.55 0.37 0.30
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 115 -27 -1.90 -44 -38 -74 -135 -126 -44 7.47 22
Operating Cash Flow to CapEx		 260.78% 131.38% -1.35% 384.45% 107.40% 55.88% 37.49% 34.05% 149.52% -50.24% 71.17%
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 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 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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.54 0.58 0.55 0.57 0.54 0.56 0.50 0.41 0.38 0.34 0.36
Accounts Receivable Turnover		 3.97 5.06 4.16 4.67 4.29 4.53 3.83 3.16 4.03 3.87 4.17
Inventory Turnover		 56.12 21.61 18.72 24.34 29.82 34.83 38.57 22.32 28.23 15.84 46.42
Fixed Asset Turnover		 0.95 0.99 0.94 1.01 0.96 0.96 0.83 0.68 0.64 0.52 0.54
Accounts Payable Turnover		 3.37 4.15 4.81 5.60 7.86 8.64 7.27 8.88 5.03 4.82 4.68
Days Sales Outstanding (DSO)		 91.89 72.07 87.68 78.16 85.10 80.53 95.19 115.37 90.59 94.37 87.43
Days Inventory Outstanding (DIO)		 6.50 16.89 19.50 15.00 12.24 10.48 9.46 16.35 12.93 23.04 7.86
Days Payable Outstanding (DPO)		 108.36 87.86 75.90 65.16 46.45 42.26 50.20 41.11 72.56 75.73 77.91
Cash Conversion Cycle (CCC)		 -9.97 1.10 31.28 27.99 50.89 48.75 54.45 90.61 30.96 41.68 17.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 356 437 422 473 410 520 567 600 476 501 576
Invested Capital Turnover		 1.16 1.13 1.17 1.14 1.25 1.02 0.95 0.73 0.75 0.61 0.61
Increase / (Decrease) in Invested Capital		 -72 35 17 56 54 83 145 127 -1.86 -19 9.34
Enterprise Value (EV)		 323 651 562 561 364 381 413 503 433 819 727
Market Capitalization		 444 687 625 580 446 365 358 407 375 661 530
Book Value per Share		 $4.55 $4.56 $4.77 $4.83 $4.83 $4.86 $4.93 $4.85 $4.25 $3.31 $3.65
Tangible Book Value per Share		 $4.55 $4.56 $4.77 $4.83 $4.83 $4.86 $4.93 $4.85 $4.25 $3.31 $3.65
Total Capital		 479 550 494 572 502 570 635 626 561 551 608
Total Debt		 0.00 78 0.00 71 0.00 66 123 120 117 206 228
Total Long-Term Debt		 0.00 78 0.00 71 0.00 66 123 120 117 206 228
Net Debt		 -121 -36 -63 -18 -83 16 55 96 58 158 197
Capital Expenditures (CapEx)		 20 17 32 12 41 59 49 48 97 78 104
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -20 -27 -32 -29 -27 -27 -5.25 -17 -118 -158 -146
Debt-free Net Working Capital (DFNWC)		 101 87 31 61 56 23 63 7.50 -59 -110 -115
Net Working Capital (NWC)		 101 87 31 61 56 23 63 7.50 -59 -110 -115
Net Nonoperating Expense (NNE)		 -0.34 0.58 -13 0.13 4.43 0.77 0.99 -0.47 13 82 -11
Net Nonoperating Obligations (NNO)		 -123 -36 -72 -28 -91 16 55 94 32 156 196
Total Depreciation and Amortization (D&A)		 20 26 33 47 37 30 29 21 31 19 35
Debt-free, Cash-free Net Working Capital to Revenue		 -4.49% -5.67% -6.60% -5.67% -5.55% -5.62% -1.12% -4.28% -32.86% -50.79% -41.60%
Debt-free Net Working Capital to Revenue		 22.12% 18.23% 6.47% 11.96% 11.73% 4.74% 13.38% 1.92% -16.43% -35.33% -32.88%
Net Working Capital to Revenue		 22.12% 18.23% 6.47% 11.96% 11.73% 4.74% 13.38% 1.92% -16.43% -35.33% -32.88%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.41 $0.07 $0.27 $0.10 $0.12 $0.07 $0.08 $0.01 ($0.56) ($0.90) $0.39
Adjusted Weighted Average Basic Shares Outstanding		 106.38M 103.66M 103.53M 103.74M 103.67M 103.76M 103.94M 104.26M 104.06M 104.26M 104.52M
Adjusted Diluted Earnings per Share		 $0.41 $0.07 $0.27 $0.10 $0.12 $0.07 $0.08 $0.01 ($0.56) ($0.90) $0.39
Adjusted Weighted Average Diluted Shares Outstanding		 106.56M 104.54M 103.68M 103.84M 103.75M 103.79M 103.96M 104.28M 104.06M 104.26M 104.64M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 103.27M 103.46M 103.74M 103.74M 103.74M 103.82M 104.26M 104.26M 104.26M 104.26M 105.19M
Normalized Net Operating Profit after Tax (NOPAT)		 44 23 15 31 28 18 9.37 0.63 -45 -10 31
Normalized NOPAT Margin		 29.27% 23.42% 13.13% 21.99% 22.90% 16.62% 9.67% 1.03% -49.88% -16.70% 23.11%
Pre Tax Income Margin		 54.69% 29.88% 32.07% 31.04% 23.71% 21.58% 15.86% -4.09% -69.47% -142.89% 43.83%
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 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 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 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 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 44.36% 41.04% 30.66% 28.92% 44.82% 44.97% 67.85% 91.35% -63.98% -18.61% -24.62%
Augmented Payout Ratio		 83.41% 79.04% 52.73% 43.10% 56.45% 46.02% 69.68% 93.80% -65.69% -19.00% -26.44%

Financials Breakdown Chart

Key Financial Trends

Vaalco Energy’s latest results show a sharp deterioration in profitability and cash generation, despite a larger asset base and a recovery in reported cash balances. In Q1 2026, revenue was $62.6 million, down from $91.0 million in Q4 2025 and $110.3 million in Q1 2025. Gross profit also declined to $33.9 million from $48.3 million in Q4 2025 and $65.6 million in Q1 2025.

The company reported a $93.8 million net loss, or $0.90 per share, compared with a $58.6 million loss in Q4 2025 and net income of $7.7 million in Q1 2025. The latest loss was driven not only by a $16.1 million operating loss, but also by $73.3 million of net other expense, including $71.6 million classified as other income and expense. Investors should determine whether this charge is recurring or noncash before drawing conclusions about underlying operating performance.

Cash flow weakened substantially. Operating cash flow was negative $39.2 million in Q1 2026, compared with positive operating cash flow of $145.2 million in Q4 2025, $16.4 million in Q3 2025 and $32.7 million in Q1 2025. Capital expenditures were $78.1 million, producing negative investing cash flow of $52.6 million. A $92.0 million debt issuance provided the majority of the $81.0 million in financing cash flow and helped limit the quarterly decline in cash to $10.9 million.

The balance sheet presents a mixed picture. Cash and equivalents rose to $48.0 million from $24.0 million in Q3 2025, but remained well below the $113.3 million reported in Q1 2024. Total assets increased to $920.7 million from $809.1 million in Q1 2024, primarily reflecting higher net property, plant and equipment. However, current liabilities of $226.2 million were almost twice current assets of $116.1 million, resulting in a current ratio of approximately 0.5.

  • Asset investment continues: Net property, plant and equipment increased to $641.8 million in Q1 2026 from $457.4 million in Q1 2024, indicating continued investment in the company’s production base.
  • Receivables declined sharply: Accounts receivable fell to $34.8 million from $137.2 million in Q2 2025 and $118.9 million in Q3 2025, which may improve liquidity if the reduction reflects collections rather than weaker sales.
  • Cash improved from late 2025: Cash and equivalents doubled from $24.0 million in Q3 2025 to $48.0 million in Q1 2026, although the improvement was supported substantially by new borrowing.
  • Dividend payments remain consistent: Vaalco paid approximately $6.7 million in dividends in Q1 2026, broadly in line with payments in recent quarters, and reported a quarterly dividend of $0.0625 per share in the income statement.
  • Debt repayment was limited in the latest quarter: The company repaid $1.2 million of debt in Q1 2026, suggesting that near-term cash was directed toward operations, investment and liquidity rather than aggressive deleveraging.
  • Noncash charges remain significant: Q1 2026 included $18.2 million of depreciation, $19.3 million of other noncash adjustments and $16.6 million from changes in operating assets and liabilities. These items materially affected the relationship between reported earnings and cash flow.
  • Production investment is consuming cash: Q1 2026 capital expenditures of $78.1 million exceeded operating cash flow, while Q4 2025 capital expenditures were also high at $97.1 million. The spending could support future production, but returns are not yet evident in the latest results.
  • Revenue and margins are trending lower: Q1 2026 revenue was approximately 43% below Q1 2024 revenue of $110.3 million, while the gross margin fell to about 54% from roughly 60% in Q1 2025 and 66% in Q1 2024.
  • Profitability has deteriorated: Vaalco moved from net income in Q1 through Q3 2025 to losses in Q4 2025 and Q1 2026. The Q1 2026 loss of $93.8 million was more severe than the prior-quarter loss and reduced retained earnings to $41.4 million from $207.2 million in Q3 2025.
  • Liquidity and leverage are key risks: Current liabilities exceeded current assets by $110.1 million. In addition, long-term debt and capital lease obligations totaled approximately $205.8 million, compared with only $48.0 million of cash, while the $92.0 million debt issuance in Q1 2026 indicates increased reliance on external financing.

Overall, Vaalco retains a growing production asset base and continues to pay a dividend, but the recent trend is unfavorable for shareholders. Lower revenue, negative operating cash flow, a large other expense and a current ratio below 1.0 leave the company dependent on improving operating performance, collections, asset monetization or additional financing. The most important items to monitor are the sustainability of the Q1 2026 special expense, the company’s ability to convert production investments into higher revenue, and whether operating cash flow returns to positive territory.

08/23/26 11:14 PM ETAI Generated. May Contain Errors.

Vaalco Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Vaalco Energy's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Vaalco Energy's net income appears to be on an upward trend, with a most recent value of -$41.39 million in 2025, falling from -$158.66 million in 2015. The previous period was $58.49 million in 2024. See where experts think Vaalco Energy is headed by visiting Vaalco Energy's forecast page.

Vaalco Energy's total operating income in 2025 was -$20.61 million, based on the following breakdown:
  • Total Gross Profit: $200.99 million
  • Total Operating Expenses: $221.60 million

Over the last 10 years, Vaalco Energy's total revenue changed from $80.45 million in 2015 to $359.27 million in 2025, a change of 346.6%.

Vaalco Energy's total liabilities were at $469.88 million at the end of 2025, a 3.6% increase from 2024, and a 380.0% increase since 2015.

In the past 10 years, Vaalco Energy's cash and equivalents has ranged from $19.67 million in 2017 to $121.00 million in 2023, and is currently $58.90 million as of their latest financial filing in 2025.

Over the last 10 years, Vaalco Energy's book value per share changed from 0.45 in 2015 to 4.25 in 2025, a change of 852.7%.


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Financial statements for NYSE:EGY last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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