VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results
VAALCO Energy, Inc. (EGY)
US:NYSE Investor Relations:
vaalco.com/about-us/governance
Company Research
Source: GlobeNewswire
HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the fourth quarter and full year of 2023. The Company also provided 2024 operational and financial guidance for the first quarter and full year of 2024. 2023 Full Year Highlights: Reported full year ("FY") 2023 net income of $60.4 million ($0.56 per diluted share) and net cash from operating activities of $223.6 million;Generated record Adjusted EBITDAX(1) of $280.4 million and $119.7 million of Free Cash Flow (“FCF”)(1) in FY 2023;Returned $50.3 million or 42% of FCF to shareholders in 2023 through dividends and buybacks;Raised production in 2023 by 83% year-over-year to 18,710 net revenue interest (“NRI”)(2) barrels of oil equivalent per day (“BOEPD”), at the higher end of the Company's increased guidance; FY 2023 working interest (“WI”)(3) production of 23,946 BOEPD was at t
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EGY
Earnings
- 3/13/24 - Beat
EGY
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- EGY's page on the SEC website