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Day: March 14, 2025

VAALCO Energy, Inc. Announces Fourth Quarter and Record Full Year 2024 Financial and Operating Results and Year-End 2024 Reserves

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

HOUSTON, March 13, 2025 (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 2024 and year-end 2024 reserves. The Company also provided 2025 operational and financial guidance for the first quarter and full year of 2025. Fourth Quarter 2024 Highlights:Reported net income of $11.7 million ($0.11 per diluted share) and Adjusted EBITDAX(1) of $76.2 million; Produced 20,775 net revenue interest (“NRI”)(2) barrels of oil equivalent per day (“BOEPD”) or 25,300 Working interest (“WI”)(3) BOEPD, both at the midpoint of guidance; and Sold 20,352 NRI BOEPD in Q4 2024, toward the high end of guidance.2024 Full Year Highlights:Reported full year (“FY”) 2024 net income...

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