VAALCO Energy (EGY) Financials

$3.45 +0.03 (+0.88%)

Closing price 04/28/2025 03:59 PM Eastern

Extended Trading

$3.44 -0.01 (-0.14%)

As of 04/28/2025 07:25 PM 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	52	60	58
Consolidated Net Income / (Loss)	52	60	58
Net Income / (Loss) Continuing Operations	52	60	58
Total Pre-Tax Income	123	150	140
Total Operating Income	171	159	136
Total Gross Profit	239	307	309
Total Revenue	354	455	479
Operating Revenue	354	455	479
Total Cost of Revenue	116	148	170
Operating Cost of Revenue	113	153	164
Other Cost of Revenue	3.08	-4.91	6.30
Total Operating Expenses	67	148	173
Selling, General & Admin Expense	10	24	30
Exploration Expense	0.26	1.97	0.05
Depreciation Expense	48	115	143
Other Operating Expenses / (Income)	8.83	7.05	-0.08
Total Other Income / (Expense), net	-48	-8.53	3.30
Interest & Investment Income	-2.03	-6.45	-3.73
Other Income / (Expense), net	-46	-2.07	7.03
Income Tax Expense	71	90	81
Basic Earnings per Share	$0.74	$0.56	$0.56
Weighted Average Basic Shares Outstanding	69.57M	106.38M	103.67M
Diluted Earnings per Share	$0.73	$0.56	$0.56
Weighted Average Diluted Shares Outstanding	69.98M	106.56M	103.75M
Weighted Average Basic & Diluted Shares Outstanding	107.32M	103.27M	103.74M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	6.87	18	3.47	6.75	6.14	44	7.69	28	11	12
Consolidated Net Income / (Loss)	6.87	18	3.47	6.75	6.14	44	7.69	28	11	12
Net Income / (Loss) Continuing Operations	6.89	18	3.47	6.75	6.14	44	7.69	28	11	12
Total Pre-Tax Income	30	25	18	18	32	82	30	37	44	29
Total Operating Income	34	24	22	21	36	81	32	20	44	40
Total Gross Profit	54	50	51	70	75	110	66	61	98	84
Total Revenue	78	97	80	109	116	149	100	117	140	122
Total Cost of Revenue	24	47	29	39	41	39	34	56	42	38
Operating Cost of Revenue	23	46	28	39	40	46	32	52	42	37
Other Cost of Revenue	1.02	1.00	0.94	0.68	0.82	-7.34	1.81	3.34	0.07	1.08
Total Operating Expenses	20	26	30	49	40	29	34	41	54	44
Selling, General & Admin Expense	1.98	-0.43	5.22	5.40	6.22	7.01	6.71	7.59	6.93	8.45
Depreciation Expense	8.96	26	24	38	33	20	26	33	47	37
Other Operating Expenses / (Income)	8.87	-0.04	0.00	5.95	-0.01	1.11	0.17	-0.13	-0.10	-0.01
Total Other Income / (Expense), net	-4.16	0.43	-3.38	-2.21	-3.56	0.63	-2.27	17	-0.52	-11
Interest & Investment Income	-0.23	-1.68	-2.25	-1.70	-1.43	-1.08	-0.94	-1.12	-0.59	-1.09
Other Income / (Expense), net	-3.93	2.10	-1.13	-0.51	-2.14	1.70	-1.33	18	0.07	-9.87
Income Tax Expense	23	6.95	15	12	26	38	22	9.30	33	17
Basic Earnings per Share	$0.12	$0.16	$0.03	$0.06	$0.06	$0.41	$0.07	$0.27	$0.10	$0.12
Weighted Average Basic Shares Outstanding	59.07M	69.57M	107.39M	106.97M	106.29M	106.38M	103.66M	103.53M	103.74M	103.67M
Diluted Earnings per Share	$0.11	$0.17	$0.03	$0.06	$0.06	$0.41	$0.07	$0.27	$0.10	$0.12
Weighted Average Diluted Shares Outstanding	59.45M	69.98M	108.75M	107.61M	106.43M	106.56M	104.54M	103.68M	103.84M	103.75M
Weighted Average Basic & Diluted Shares Outstanding	108.37M	107.32M	106.77M	106.48M	105.16M	103.27M	103.46M	103.74M	103.74M	103.74M

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

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

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

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

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

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

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

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

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.

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 4/29/2025 by MarketBeat.com Staff

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VAALCO Energy (EGY) Financials

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VAALCO Energy (EGY) Financials

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