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Vaalco Energy (EGY)
:EGY
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -2.67%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
VAALCO Energy's Q1 2025 earnings call highlighted strong financial and operational performance, including meeting or exceeding production guidance and maintaining shareholder returns through dividends. However, the company is facing challenges with commodity price volatility leading to budget cuts and production downtime due to project delays. The financial position remains strong with a new credit facility and safety milestones in Egypt standing out positively.Company Guidance
During VAALCO Energy's Q1 2025 conference call, the company provided several key metrics and guidance for the year. VAALCO reported a net income of $7.7 million, or $0.07 per share, and an adjusted EBITDAX of $57 million, driven by NRI production of 17,764 barrels of oil equivalent per day, which exceeded guidance expectations. The company announced a 10% reduction in the capital budget for 2025, adjusting it to a range of $250 million to $300 million, citing a decline in commodity prices. However, this reduction is not expected to impact the production or sales guidance for the year. VAALCO's full-year NRI production guidance remains unchanged, and a strong performance is anticipated in Gabon and Egypt. The company also highlighted its ongoing projects, such as the FPSO refurbishment in Cote d'Ivoire and the drilling campaign in Gabon set to begin in Q3 2025, which are expected to drive future production growth. Additionally, VAALCO continues to focus on maintaining financial discipline through operational efficiencies and strategic hedging to manage commodity price uncertainties.Strong Production and Financial Performance
In Q1 2025, VAALCO delivered net income of $7.7 million and adjusted EBITDAX of $57 million. NRI production was 17,764 barrels of oil equivalent per day, above the high end of guidance.
New Credit Facility and Financial Position
VAALCO entered into a new reserves-based revolving credit facility with an initial commitment of $190 million, with the ability to grow to $300 million, to support growth initiatives.
Cote d'Ivoire Developments and License Extension
The Council of Ministers approved a 10-year extension of the license on CI-40, extending it to 2038. Significant development drilling is expected in 2026 after FPSO refurbishment.
Safety Milestone Achieved in Egypt
VAALCO achieved over 4.3 million man hours without a lost time incident in Egypt, demonstrating a strong safety commitment.
Dividend Payments and Shareholder Returns
VAALCO paid a quarterly cash dividend of $0.0625 per share and announced a second dividend payment for 2025, maintaining a commitment to a $0.25 per share annual dividend.
EGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $3.37 | $3.36 | -0.30% |
Mar 13, 2025 | $3.88 | $3.72 | -4.12% |
Nov 12, 2024 | $5.28 | $5.18 | -1.89% |
Aug 07, 2024 | $5.64 | $6.12 | +8.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vaalco Energy (EGY) report earnings?
Vaalco Energy (EGY) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Vaalco Energy (EGY) earnings time?
Vaalco Energy (EGY) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGY EPS forecast?
EGY EPS forecast for the fiscal quarter 2025 (Q2) is 0.02.