NYSE : EGY
VAALCO Energy, Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 6.34 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 666.92M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
VAALCO Energy, Inc. (EGY) reported revenue of 349.81M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 349.81M | 359.27M | 478.99M | 455.07M | 354.33M | 199.07M |
| Cost of Revenue | 146.83M | 158.18M | 163.50M | 160.64M | 121.53M | 81.25M |
| Gross Profit | 202.99M | 201.09M | 315.49M | 294.43M | 232.80M | 117.82M |
| Selling, General & Admin | 33.11M | 33.09M | 29.68M | 23.84M | 10.08M | 14.77M |
| Other Operating Expenses | 51.70M | -485.00K | 667.00K | -665.00K | 37.77M | 23.27M |
| Operating Expenses | 218.50M | 151.60M | 179.74M | 135.54M | 99.33M | 61.55M |
| Operating Income | -15.51M | 49.49M | 135.75M | 158.89M | 133.46M | 56.27M |
| Interest Expense | -8.83M | -8.24M | -3.73M | -6.45M | -2.03M | |
| Interest & Investment Income | 10.00K | |||||
| Currency Exchange Gain (Loss) | -827.00K | -700.00K | -1.80M | -900.00K | -4.20M | -700.00K |
| Other Non Operating Income (Expenses) | -468.00K | 105.00K | -54.00K | 6.00K | -9.54M | 4.19M |
| EBT Excluding Unusual Items | -25.63M | 40.66M | 130.16M | 151.54M | 117.69M | 59.78M |
| Merger & Restructuring Charges | -3.90M | -14.60M | ||||
| Gain (Loss) on Sale of Assets | -68.43M | -67.22M | ||||
| Other Unusual Items | -1.90M | 13.53M | -1.41M | 20.22M | ||
| Pretax Income | -95.96M | -26.57M | 139.80M | 150.13M | 123.31M | 59.78M |
| Income Tax Expense | 12.86M | 14.82M | 81.31M | 89.78M | 71.42M | -22.16M |
| Earnings From Continuing Operations | -108.82M | -41.39M | 58.49M | 60.35M | 51.89M | 81.93M |
| Earnings From Discontinued Operations | -98.00K | |||||
| Net Income | -108.82M | -41.39M | 58.49M | 60.35M | 51.89M | 81.84M |
| Preferred Dividends & Other Adjustments | 622.00K | 475.00K | 714.00K | 632.00K | 593.00K | 1.33M |
| Net Income to Common | -109.44M | -41.87M | 57.78M | 59.72M | 51.30M | 80.50M |
| Shares Outstanding (Basic) | 104.33M | 104.06M | 103.67M | 106.38M | 69.57M | 58.23M |
| Shares Outstanding (Diluted) | 104.33M | 104.06M | 103.75M | 106.56M | 69.98M | 58.76M |
| EPS (Basic) | -1.05 | -0.40 | 0.56 | 0.56 | 0.74 | 1.38 |
| EPS (Diluted) | -1.05 | -0.40 | 0.56 | 0.56 | 0.73 | 1.37 |
| Free Cash Flow | -133.97M | -43.22M | 10.72M | 126.37M | -31.05M | 11.05M |
| Free Cash Flow Per Share | -1.28 | -0.41 | 0.10 | 1.19 | -0.44 | 0.19 |
| Dividend Per Share | 0.25 | 0.25 | 0.25 | 0.25 | 0.13 | |
| Gross Margin | 58.03% | 55.97% | 65.87% | 64.70% | 65.70% | 59.18% |
| Operating Margin | -4.43% | 13.78% | 28.34% | 34.92% | 37.67% | 28.27% |
| Profit Margin | -31.29% | -11.65% | 12.06% | 13.12% | 14.48% | 40.44% |
| Free Cash Flow Margin | -38.30% | -12.03% | 2.24% | 27.77% | -8.76% | 5.55% |
| EBITDA | 88.37M | 159.47M | 278.79M | 274.19M | 181.61M | 77.33M |
| EBITDA Margin | 25.26% | 44.39% | 58.20% | 60.25% | 51.25% | 38.85% |
| D&A For EBITDA | 103.88M | 109.98M | 143.03M | 115.30M | 48.14M | 21.06M |
| EBIT | -15.51M | 49.49M | 135.75M | 158.89M | 133.46M | 56.27M |
| EBIT Margin | -4.43% | 13.78% | 28.34% | 34.92% | 37.67% | 28.27% |
| Effective Tax Rate | 58.16% | 59.80% | 57.92% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.39M | 58.90M | 82.65M | 121.00M | 37.20M | 48.67M |
| Cash & Short-Term Investments | 30.39M | 58.90M | 82.65M | 121.00M | 37.20M | 48.67M |
| Accounts Receivable | 21.46M | 39.92M | 94.78M | 44.89M | 52.15M | 22.46M |
| Other Receivables | 8.90M | 7.70M | 35.94M | 47.76M | 87.12M | 10.32M |
| Receivables | 30.37M | 50.02M | 132.15M | 93.95M | 140.41M | 32.79M |
| Inventory | 5.11M | 1.77M | 9.44M | 1.95M | 3.33M | 1.59M |
| Prepaid Expenses | 20.57M | 6.39M | 6.82M | 5.03M | 9.29M | 5.16M |
| Restricted Cash | 112.00K | 136.00K | 143.00K | 114.00K | 222.00K | 79.00K |
| Other Current Assets | 2.33M | 15.76M | 6.73M | 6.10M | 9.63M | |
| Total Current Assets | 88.89M | 132.98M | 237.93M | 228.14M | 200.10M | 88.29M |
| Property, Plant & Equipment | 794.14M | 671.31M | 635.21M | 552.13M | 588.75M | 104.55M |
| Long-Term Deferred Tax Assets | 60.97M | 54.83M | 55.58M | 29.24M | 35.43M | 39.98M |
| Other Long-Term Assets | 24.58M | 54.26M | 26.24M | 13.71M | 31.36M | 30.27M |
| Total Assets | 968.57M | 913.38M | 954.95M | 823.22M | 855.64M | 263.09M |
| Accounts Payable | 41.01M | 44.66M | 11.76M | 22.15M | 59.89M | 18.80M |
| Accrued Expenses | 31.28M | 23.01M | 53.87M | 24.97M | 36.52M | 14.70M |
| Current Portion of Leases | 19.32M | 17.86M | 16.89M | 12.47M | 10.12M | 9.64M |
| Current Income Taxes Payable | 7.65M | 19.66M | 42.04M | 19.26M | 3.13M | |
| Other Current Liabilities | 104.65M | 86.81M | 57.16M | 48.62M | 55.56M | 37.99M |
| Total Current Liabilities | 203.91M | 192.00M | 181.73M | 127.47M | 162.09M | 84.26M |
| Long-Term Debt | 177.00M | 60.00M | ||||
| Long-Term Leases | 65.46M | 68.44M | 81.28M | 78.33M | 78.93M | 587.00K |
| Long-Term Deferred Tax Liabilities | 60.23M | 63.63M | 93.90M | 73.58M | 81.22M | |
| Other Long-Term Liabilities | 81.64M | 85.81M | 96.45M | 65.05M | 67.29M | 33.95M |
| Total Liabilities | 588.24M | 469.88M | 453.37M | 344.43M | 389.54M | 118.79M |
| Common Stock | 12.43M | 12.30M | 12.23M | 12.14M | 11.95M | 6.96M |
| Additional Paid-In Capital | 371.43M | 368.54M | 362.58M | 357.50M | 353.61M | 76.70M |
| Retained Earnings | 77.19M | 141.89M | 209.76M | 177.49M | 147.02M | 104.49M |
| Treasury Stock | -80.72M | -78.73M | -78.02M | -71.22M | -47.65M | -43.85M |
| Comprehensive Income & Other | -498.00K | -4.96M | 2.88M | 1.18M | ||
| Shareholders' Equity | 380.33M | 443.50M | 501.58M | 478.78M | 466.11M | 144.30M |
| Total Liabilities & Equity | 968.57M | 913.38M | 954.95M | 823.22M | 855.64M | 263.09M |
| Total Debt | 261.78M | 146.30M | 98.17M | 90.80M | 89.06M | 10.23M |
| Net Cash (Debt) | -231.39M | -87.40M | -15.53M | 30.20M | -51.85M | 38.45M |
| Net Cash Per Share | -2.22 | -0.84 | -0.15 | 0.28 | -0.74 | 0.65 |
| Filing Date Shares Outstanding | 105.19M | 104.26M | 103.74M | 103.27M | 107.32M | 58.67M |
| Total Common Shares Outstanding | 105.19M | 104.26M | 103.74M | 104.35M | 107.85M | 58.62M |
| Working Capital | -115.02M | -59.02M | 56.20M | 100.67M | 38.01M | 4.03M |
| Book Value Per Share | 3.62 | 4.25 | 4.83 | 4.59 | 4.32 | 2.46 |
| Tangible Book Value | 380.33M | 443.50M | 501.58M | 478.78M | 466.11M | 144.30M |
| Tangible Book Value Per Share | 3.62 | 4.25 | 4.83 | 4.59 | 4.32 | 2.46 |
| Machinery | 109.75M | 84.47M | 75.58M | 47.79M | 38.80M | 23.48M |
| Construction In Progress | 75.24M | 214.21M | 44.52M | 4.18M | 13.52M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -108.82M | -41.39M | 58.49M | 60.35M | 51.89M | 81.84M |
| Depreciation & Amortization | 103.88M | 109.98M | 143.03M | 115.30M | 48.14M | 21.06M |
| Other Amortization | 390.00K | |||||
| Loss (Gain) From Sale of Assets | 1.20M | -38.00K | 440.00K | |||
| Asset Writedown & Restructuring Costs | 67.22M | 67.22M | ||||
| Stock-Based Compensation | 6.26M | 6.21M | 4.28M | 2.94M | 1.37M | -812.00K |
| Provision & Write-off of Bad Debts | 678.00K | -164.00K | 6.35M | 7.65M | 3.08M | 875.00K |
| Other Operating Activities | 7.27M | -24.59M | -27.84M | -3.52M | 23.30M | -40.60M |
| Change in Accounts Receivable | 108.85M | 45.01M | -49.89M | 6.72M | 18.39M | -11.31M |
| Change in Inventory | -3.84M | 7.67M | 7.49M | 1.39M | -1.74M | 5.02M |
| Change in Accounts Payable | 36.22M | 50.91M | -13.20M | -28.10M | 23.92M | -922.00K |
| Change in Income Taxes | -14.21M | -22.46M | 22.68M | 22.03M | -5.90M | 2.27M |
| Change in Other Net Operating Assets | -9.00M | 14.27M | -37.67M | 38.83M | -33.56M | -7.65M |
| Operating Cash Flow | 196.09M | 212.67M | 113.72M | 223.60M | 128.85M | 50.12M |
| Capital Expenditures | -330.07M | -255.89M | -103.00M | -97.22M | -159.90M | -39.06M |
| Sale of Property, Plant & Equipment | 25.47M | 877.00K | 36.69M | |||
| Investing Cash Flow | -304.59M | -255.89M | -102.12M | -97.22M | -123.21M | -39.06M |
| Long-Term Debt Issued | 60.00M | |||||
| Long-Term Debt Repaid | -13.29M | -10.48M | -7.15M | -3.04M | ||
| Net Debt Issued (Repaid) | 103.83M | 46.71M | -10.48M | -7.15M | -3.04M | |
| Issuance of Common Stock | 447.00K | 673.00K | 312.00K | 1.37M | ||
| Repurchase of Common Stock | -1.99M | -709.00K | -6.80M | -23.57M | -3.81M | -1.43M |
| Common Dividends Paid | -26.79M | -26.48M | -26.22M | -26.77M | -9.35M | |
| Other Financing Activities | -2.42M | -7.14M | -2.07M | |||
| Financing Cash Flow | 72.64M | 12.38M | -43.05M | -56.82M | -17.95M | -57.00K |
| Foreign Exchange Rate Adjustments | -45.00K | 83.00K | -3.00K | -153.00K | -218.00K | |
| Net Cash Flow | -35.90M | -30.76M | -31.45M | 69.40M | -12.54M | 11.00M |
| Free Cash Flow | -133.97M | -43.22M | 10.72M | 126.37M | -31.05M | 11.05M |
| Free Cash Flow Margin | -38.30% | -12.03% | 2.24% | 27.77% | -8.76% | 5.55% |
| Free Cash Flow Per Share | -1.28 | -0.41 | 0.10 | 1.19 | -0.44 | 0.19 |
| Levered Free Cash Flow | -96.65M | -23.42M | 128.80M | 135.46M | -73.34M | 31.07M |
| Unlevered Free Cash Flow | -91.52M | -18.27M | 131.14M | 139.49M | -72.07M | 31.07M |
| Cash Interest Paid | 6.31M | 6.64M | 6.71M | 9.12M | 1.66M | |
| Cash Income Tax Paid | 20.10M | |||||
| Change in Working Capital | 118.01M | 95.40M | -70.59M | 40.87M | 1.10M | -12.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 610.11M | 379.50M | 453.36M | 468.44M | 494.83M | 190.56M |
| Enterprise Value | 841.50M | 503.26M | 450.07M | 454.38M | 428.83M | 150.70M |
| Last Close Price | 6.44 | 3.52 | 3.94 | 3.87 | 3.71 | 2.55 |
| PE Ratio | 7.85 | 7.84 | 9.65 | 2.37 | ||
| Forward PE | 14.38 | 14.63 | 19.00 | 3.48 | 2.67 | 3.84 |
| PS Ratio | 1.76 | 1.06 | 0.95 | 1.03 | 1.40 | 0.96 |
| PB Ratio | 1.78 | 0.86 | 0.90 | 0.98 | 1.06 | 1.32 |
| P/TBV Ratio | 1.62 | 0.86 | 0.90 | 0.98 | 1.06 | 1.32 |
| P/FCF Ratio | 42.28 | 3.71 | 17.24 | |||
| P/OCF Ratio | 3.14 | 1.78 | 3.99 | 2.10 | 3.84 | 3.80 |
| PEG Ratio | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 | |
| EV/Sales Ratio | 2.42 | 1.40 | 0.94 | 1.00 | 1.21 | 0.76 |
| EV/EBITDA Ratio | 9.59 | 3.16 | 1.61 | 1.66 | 2.36 | 1.95 |
| EV/EBIT Ratio | 10.17 | 3.31 | 2.86 | 3.21 | 2.68 | |
| EV/FCF Ratio | 41.98 | 3.60 | 13.63 | |||
| Debt / Equity Ratio | 0.69 | 0.33 | 0.20 | 0.19 | 0.19 | 0.07 |
| Debt / EBITDA Ratio | 2.70 | 0.87 | 0.34 | 0.32 | 0.44 | 0.10 |
| Debt / FCF Ratio | 9.16 | 0.72 | 0.93 | |||
| Net Debt / Equity Ratio | 0.61 | 0.20 | 0.03 | -0.06 | 0.11 | -0.27 |
| Net Debt / EBITDA Ratio | 2.62 | 0.55 | 0.06 | -0.11 | 0.29 | -0.50 |
| Net Debt / FCF Ratio | -1.73 | -2.02 | 1.45 | -0.24 | -1.67 | -3.48 |
| Asset Turnover | 0.36 | 0.39 | 0.54 | 0.54 | 0.63 | 0.98 |
| Inventory Turnover | 46.12 | 28.21 | 28.71 | 60.81 | 49.32 | 29.55 |
| Quick Ratio | 0.30 | 0.56 | 1.17 | 1.68 | 1.09 | 0.97 |
| Current Ratio | 0.44 | 0.69 | 1.31 | 1.79 | 1.23 | 1.05 |
| Return on Equity (ROE) | -24.40% | -8.76% | 11.93% | 12.78% | 17.00% | 79.64% |
| Return on Assets (ROA) | -1.00% | 3.31% | 9.54% | 11.83% | 14.91% | 17.40% |
| Return on Invested Capital (ROIC) | -2.70% | 9.45% | 11.76% | 13.22% | 18.01% | 79.25% |
| Return on Capital Employed (ROCE) | -2.00% | 6.90% | 17.60% | 22.80% | 19.20% | 31.50% |
| Earnings Yield | -18.09% | -10.91% | 12.90% | 12.88% | 10.49% | 42.95% |
| FCF Yield | -21.73% | -11.39% | 2.37% | 26.98% | -6.28% | 5.80% |
| Dividend Yield | 4.31% | 6.87% | 5.72% | 5.57% | 2.83% | |
| Payout Ratio | 44.82% | 44.36% | 18.03% | |||
| Buyback Yield / Dilution | -0.46% | -0.30% | 2.63% | -52.26% | -19.11% | -2.02% |
| Total Shareholder Return | 3.82% | 6.57% | 8.36% | -46.69% | -16.28% | -2.02% |