VAALCO Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), VAALCO Energy Inc reported net income of ($41.4M) (-170.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Crude oil, natural gas and natural gas liquids sales | $359.3M | $479.0M | $455.1M | $354.3M |
| Production expense | $158.2M | $163.5M | $153.2M | $112.7M |
| FPSO demobilization and other costs | $0 | $0 | $7.5M | — |
| Exploration expense | $8.9M | $48.0K | $2.0M | $258.0K |
| Depreciation, depletion and amortization | $110.0M | $143.0M | $115.3M | $48.1M |
| Impairment loss on assets held for sale | $67.2M | — | — | — |
| General and administrative expense | $33.1M | $29.7M | $23.8M | $10.1M |
| Credit (recovery) losses and other | $106.0K | $6.3M | ($4.9M) | $3.1M |
| Total operating costs and expenses | $377.5M | $342.6M | $296.8M | $183.1M |
| Other operating income (expense), net | ($2.4M) | $78.0K | $433.0K | $38.0K |
| Operating income (loss) | ($20.6M) | $136.5M | $158.7M | $171.3M |
| Derivative instruments gain (loss), net | $2.9M | ($745.0K) | $232.0K | ($37.8M) |
| Interest expense, net | ($8.2M) | ($3.7M) | ($6.5M) | — |
| Bargain purchase gain and measurement period adjustment | $0 | $13.5M | — | — |
| Other expense, net | ($595.0K) | ($5.8M) | ($2.3M) | ($8.0M) |
| Total other income (expense), net | ($6.0M) | $3.3M | ($8.5M) | ($47.9M) |
| Income (loss) before income taxes | ($26.6M) | $139.8M | $150.1M | $123.4M |
| Income tax (benefit) expense | $14.8M | $81.3M | $89.8M | $71.4M |
| Net income (loss) | ($41.4M) | $58.5M | $60.4M | $51.9M |
| Currency translation adjustments | $4.5M | ($7.8M) | $1.7M | $1.2M |
| Comprehensive income (loss) | ($36.9M) | $50.6M | $62.1M | $53.1M |
| Basic weighted average shares outstanding (in shares) | 104.1M | 103.7M | 106.4M | 69.6M |
| Net income (loss) per share (in dollars per share) | -$0.40 | $0.56 | $0.56 | $0.74 |
| Diluted weighted average shares outstanding (in shares) | 104.1M | 103.7M | 106.6M | 70.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Crude oil, natural gas and natural gas liquids sales | $135.2M | $62.6M | $61.0M | $96.9M |
| Production expense | $45.5M | $28.4M | $29.9M | $40.4M |
| Exploration expense | $65.0K | $22.4M | $353.0K | $2.5M |
| Depreciation, depletion and amortization | $34.3M | $18.2M | $20.6M | $28.3M |
| Loss on sale of assets | $0 | $1.2M | — | — |
| General and administrative expense | $11.2M | $8.3M | $8.8M | $8.5M |
| Credit losses and other | $573.0K | $271.0K | $484.0K | $29.0K |
| Total operating costs and expenses | $91.6M | $78.7M | $60.1M | $79.7M |
| Operating income (loss) | $43.6M | ($16.1M) | $898.0K | $17.2M |
| Derivative gain (loss), net | $18.7M | ($70.6M) | ($1.1M) | $400.0K |
| Interest expense, net | ($2.8M) | ($1.7M) | ($2.3M) | ($2.6M) |
| Other income (expense), net | ($325.0K) | ($1.0M) | $33.0K | $353.0K |
| Total other income (expense), net | $15.6M | ($73.3M) | ($3.4M) | ($1.8M) |
| Income (loss) before income taxes | $59.2M | ($89.4M) | ($2.5M) | $15.4M |
| Income tax expense | $16.8M | $4.3M | ($3.6M) | $7.0M |
| Net income (loss) | $42.4M | ($93.8M) | $1.1M | $8.4M |
| Currency translation adjustments | $0 | $112.0K | ($1.8M) | $4.8M |
| Comprehensive income (loss) | $42.4M | ($93.7M) | ($698.0K) | $13.1M |
| Basic weighted average shares outstanding (in shares) | 104.5M | 104.3M | 104.3M | 103.9M |
| Net income (loss) per share (in dollars per share) | $0.39 | -$0.90 | $0.01 | $0.08 |
| Diluted weighted average shares outstanding (in shares) | 104.6M | 104.3M | 104.3M | 104.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $58.9M | $82.7M | $121.0M | $37.2M |
| Restricted cash | $136.0K | $143.0K | $114.0K | $222.0K |
| Trade, net of allowances for credit loss and other of $0.0 million and $0.2 million, respectively | $39.9M | $94.8M | $44.9M | $52.1M |
| Accounts with joint venture owners, net of allowance for credit losses of $2.7 million and $1.5 million, respectively | $5.4M | $179.0K | $1.8M | $15.8M |
| Egypt receivables and other | $2.3M | $35.8M | $45.9M | $68.5M |
| Crude oil inventory | $1.8M | $9.4M | $1.9M | $3.3M |
| Prepayments and other | $24.4M | $15.0M | $12.4M | $20.1M |
| Current assets held for sale | $179.0K | — | — | — |
| Total current assets | $133.0M | $237.9M | $228.1M | $200.1M |
| Crude oil, natural gas and NGLs properties and equipment, net | $586.1M | $538.1M | $459.8M | $495.3M |
| Restricted cash | $1.7M | $8.7M | $1.8M | $1.8M |
| Value added tax and other receivables, net of allowances for credit loss and other of $0.0 million and $0.8 million, respectively | $7.1M | $10.1M | $4.2M | $7.2M |
| Right of use operating lease assets | $16.6M | $17.3M | $2.4M | $2.8M |
| Right of use finance lease assets | $68.6M | $79.8M | $90.0M | $90.7M |
| Deferred tax assets | $54.8M | $55.6M | $29.2M | $35.4M |
| Abandonment funding | $6.3M | $6.3M | $6.3M | $20.6M |
| Other long-term assets | $7.4M | $1.2M | $1.4M | $1.9M |
| Noncurrent assets held for sale | $31.8M | — | — | — |
| Total assets | $913.4M | $955.0M | $823.2M | $855.6M |
| Accounts payable | $47.9M | $15.1M | $28.1M | $59.9M |
| Accrued liabilities and other | $106.4M | $107.7M | $66.9M | $91.4M |
| Operating lease liabilities - current portion | $5.7M | $3.5M | $2.4M | $2.3M |
| Finance lease liabilities - current portion | $12.1M | $13.4M | $10.1M | $7.8M |
| Foreign income taxes payable | $19.7M | $42.0M | $19.3M | $0 |
| Current liabilities held for sale | $183.0K | — | $673.0K | $687.0K |
| Total current liabilities | $192.0M | $181.7M | $127.5M | $162.1M |
| Asset retirement obligations | $78.4M | $78.6M | $47.3M | $41.7M |
| Operating lease liabilities - net of current portion | $11.2M | $13.9M | $33.0K | $686.0K |
| Finance lease liabilities - net of current portion | $57.3M | $67.4M | $78.3M | $78.2M |
| Deferred tax liabilities | $63.6M | $93.9M | $73.6M | $81.2M |
| Long-term debt | $60.0M | — | — | — |
| Other long-term liabilities | $0 | $17.9M | $17.7M | $25.6M |
| Noncurrent liabilities held for sale | $7.4M | — | — | — |
| Total liabilities | $469.9M | $453.4M | $344.4M | $389.5M |
| Preferred stock, $25 par value; 500,000 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.10 par value; 160,000,000 shares authorized, 123,017,656 and 122,304,124 shares issued, 104,258,253 and 103,743,163 shares outstanding, respectively | 12.3M | 12.2M | 12.1M | 11.9M |
| Additional paid-in capital | $368.5M | $362.6M | $357.5M | $353.6M |
| Accumulated other comprehensive loss | ($498.0K) | ($5.0M) | $2.9M | $1.2M |
| Less treasury stock, 18,759,403 and 18,560,931 shares, respectively, at cost | -78.7M | -78.0M | -71.2M | — |
| Retained earnings | $141.9M | $209.8M | $177.5M | $147.0M |
| Total shareholders' equity | $443.5M | $501.6M | $478.8M | $466.1M |
| Total liabilities and shareholders' equity | $913.4M | $955.0M | $823.2M | $855.6M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $30.4M | $48.0M | $24.0M | $67.9M |
| Restricted cash | $112.0K | $110.0K | $203.0K | $194.0K |
| Trade | $21.5M | $24.8M | $109.5M | $132.9M |
| Accounts with joint venture owners, net of allowance for credit losses of $3.1 million and $2.7 million, respectively | $7.3M | $7.8M | $6.7M | $351.0K |
| Other, net of allowance for credit losses of $0.4 million and $— million, respectively | $1.6M | $2.2M | $2.7M | $4.0M |
| Crude oil inventory | $5.1M | $10.0M | $9.0M | $1.3M |
| Prepayments and other | $22.9M | $23.2M | $21.7M | $17.2M |
| Current assets held for sale | $0 | $0 | — | — |
| Total current assets | $88.9M | $116.1M | $173.7M | $223.7M |
| Crude oil, natural gas and NGLs properties and equipment, net | $709.7M | $641.8M | $623.7M | $587.3M |
| Restricted cash | $1.7M | $1.7M | $1.7M | $0 |
| Value added tax and other receivables | $8.1M | $9.3M | $6.5M | $5.2M |
| Right of use operating lease assets | $21.8M | $22.0M | $14.4M | $15.3M |
| Right of use finance lease assets | $62.7M | $65.6M | $72.0M | $75.4M |
| Deferred tax assets | $61.0M | $49.5M | $44.3M | $43.7M |
| Abandonment funding | $6.3M | $6.3M | $6.3M | $6.3M |
| Other long-term assets | $8.6M | $8.5M | $7.8M | $8.0M |
| Noncurrent assets held for sale | $0 | $0 | — | — |
| Total assets | $968.6M | $920.7M | $950.4M | $964.9M |
| Accounts payable | $41.1M | $37.7M | $18.5M | $22.0M |
| Accrued liabilities and other | $135.8M | $166.9M | $107.3M | $99.9M |
| Operating lease liabilities - current portion | $7.0M | $6.7M | $4.0M | $3.9M |
| Finance lease liabilities - current portion | $12.3M | $12.4M | $12.6M | $13.2M |
| Foreign income taxes payable | $7.7M | $2.5M | $23.8M | $22.0M |
| Current liabilities held for sale | $0 | $0 | — | — |
| Total current liabilities | $203.9M | $226.2M | $166.2M | $160.9M |
| Asset retirement obligations | $81.6M | $80.5M | $84.3M | $82.8M |
| Operating lease liabilities - net of current portion | $14.6M | $15.5M | $10.9M | $11.9M |
| Finance lease liabilities - net of current portion | $50.8M | $53.8M | $60.2M | $63.2M |
| Deferred tax liabilities | $60.2M | $47.8M | $63.0M | $74.6M |
| Long-term debt | $177.0M | $152.0M | $60.0M | $60.0M |
| Noncurrent liabilities held for sale | $0 | $0 | — | — |
| Total liabilities | $588.2M | $575.8M | $444.6M | $453.4M |
| Preferred stock, $25 par value; 500,000 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.10 par value; 160,000,000 shares authorized, 124,320,737 and 123,017,656 shares issued, and 105,191,778 and 104,258,253 shares outstanding, respectively | 12.4M | 12.3M | 12.3M | 12.3M |
| Additional paid-in capital | $371.4M | $369.9M | $367.0M | $365.3M |
| Accumulated other comprehensive loss | $0 | $0 | ($1.9M) | ($86.0K) |
| Less treasury stock, 19,128,959 and 18,759,403 shares, respectively, at cost | -80.7M | -78.7M | -78.7M | -78.7M |
| Retained earnings | $77.2M | $41.4M | $207.2M | $212.7M |
| Total shareholders’ equity | $380.3M | $344.9M | $505.9M | $511.6M |
| Total liabilities and shareholders’ equity | $968.6M | $920.7M | $950.4M | $964.9M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | ($41.4M) | $58.5M | $60.4M | $51.9M |
| Depreciation, depletion and amortization | $110.0M | $143.0M | $115.3M | $48.1M |
| Bargain purchase gain and measurement period adjustment | $0 | ($13.5M) | $1.4M | — |
| Impairment loss on assets held for sale | $67.2M | — | — | — |
| Non-cash exploration expense | $2.4M | — | — | — |
| Deferred taxes | ($29.4M) | ($16.8M) | ($2.9M) | $44.8M |
| Stock-based compensation | $6.2M | $4.4M | $3.3M | $2.2M |
| Derivative instruments loss, net | ($2.9M) | $745.0K | ($232.0K) | $37.8M |
| Cash settlements paid on matured derivative contracts, net | ($48.0K) | ($453.0K) | ($127.0K) | — |
| Cash settlements paid on asset retirement obligations | ($225.0K) | ($368.0K) | ($6.7M) | ($6.6M) |
| Credit losses and other | ($164.0K) | $6.3M | $7.5M | — |
| Equipment and other expensed in operations | $5.6M | $2.5M | $3.2M | $2.1M |
| Trade receivables, net | $45.0M | ($49.9M) | $6.7M | $18.4M |
| Accounts with joint venture owners, net | $47.0K | ($757.0K) | $19.6M | ($18.9M) |
| Egypt receivables and other, net | $32.4M | $5.6M | $14.8M | ($9.3M) |
| Crude oil inventory | $7.7M | $7.5M | $1.4M | ($1.7M) |
| Prepayments and other | ($11.7M) | ($4.8M) | $4.7M | ($4.4M) |
| Value added tax and other receivables | $7.0M | ($7.1M) | $2.4M | ($5.2M) |
| Other long-term assets | $1.2M | $2.9M | $3.8M | ($2.7M) |
| Accounts payable | $50.9M | ($13.2M) | ($28.1M) | $23.9M |
| Foreign income taxes receivable (payable) | ($22.5M) | $22.7M | $22.0M | ($5.9M) |
| Accrued liabilities and other | ($14.7M) | ($33.5M) | ($6.5M) | $7.0M |
| Net cash provided by operating activities | $212.7M | $113.7M | $223.6M | $128.8M |
| Property and equipment expenditures, including exploration expense | ($252.9M) | — | — | — |
| Acquisition of crude oil and natural gas properties | ($3.0M) | $877.0K | $0 | $0 |
| Net cash used in investing activities | ($255.9M) | ($102.1M) | ($97.2M) | ($123.2M) |
| Proceeds from the issuances of common stock | $0 | $447.0K | $673.0K | $312.0K |
| Proceeds from borrowings | $60.0M | — | — | — |
| Dividend distribution | ($26.5M) | ($26.2M) | ($26.8M) | ($9.4M) |
| Treasury shares | -709.0K | -6.8M | -23.6M | -3.8M |
| Deferred financing costs | ($7.1M) | $0 | $0 | ($2.1M) |
| Payments of finance lease | ($13.3M) | ($10.5M) | ($7.2M) | ($3.0M) |
| Net cash used in in financing activities | $12.4M | ($43.0M) | ($56.8M) | ($18.0M) |
| Effects of exchange rate changes on cash | $83.0K | ($3.0K) | ($153.0K) | ($218.0K) |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ($30.8M) | ($31.5M) | $69.4M | ($12.5M) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD | $97.7M | $129.2M | $59.8M | $72.3M |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $67.0M | $97.7M | $129.2M | $59.8M |
| Income taxes paid in-kind with crude oil | $33.7M | $37.5M | $32.8M | $26.3M |
| Interest paid, net of amounts capitalized | $6.6M | $6.7M | $9.1M | $1.7M |
| Property and equipment additions incurred but not paid at end of period | $8.2M | $9.5M | $14.1M | $41.1M |
| Recognition of right-of-use operating lease assets and liabilities | $3.3M | $17.6M | $2.6M | $0 |
| Recognition of right-of-use finance lease assets and liabilities | $2.4M | $0 | $7.9M | $87.2M |
| Asset retirement obligations adjustments | $85.0K | $27.4M | $2.5M | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($51.3M) | ($93.8M) | $17.2M | $16.1M |
| Depreciation, depletion and amortization | $52.5M | $18.2M | $79.1M | $58.6M |
| Loss on sale of assets | $1.2M | $1.2M | — | — |
| Amortization of deferred financing costs | $851.0K | $392.0K | $809.0K | $461.0K |
| Deferred tax benefit | ($9.5M) | ($10.6M) | ($19.6M) | ($7.4M) |
| Unrealized foreign exchange loss | $432.0K | $190.0K | ($347.0K) | $305.0K |
| Exploration Expense | $13.4M | $13.8M | — | — |
| Stock-based compensation expense | $3.0M | $1.4M | $4.7M | $3.0M |
| Derivative instruments (gain) loss, net | $51.9M | $70.6M | $767.0K | ($326.0K) |
| Cash settlements received (paid) on matured derivative contracts, net | ($32.6M) | ($957.0K) | — | — |
| Credit losses and other | $844.0K | $271.0K | $485.0K | $2.0K |
| Equipment and other expensed in operations | $3.6M | $1.9M | $3.9M | $2.4M |
| Trade receivables, net | $16.7M | $13.4M | ($23.8M) | ($47.1M) |
| Accounts with joint venture owners, net | ($3.0M) | $2.9M | ($4.3M) | ($853.0K) |
| Other receivables | $158.0K | ($307.0K) | $32.2M | $31.2M |
| Crude oil inventory | ($3.3M) | ($8.2M) | $483.0K | $8.2M |
| Premiums paid on commodity derivative contracts | ($1.4M) | ($1.3M) | — | — |
| Prepayments and other | ($2.9M) | ($773.0K) | ($7.3M) | ($1.7M) |
| Value added tax and other receivables | $1.4M | $216.0K | $5.6M | $6.2M |
| Accounts payable | ($3.5M) | ($21.5M) | $7.1M | $11.2M |
| Foreign income taxes payable | ($11.9M) | ($17.0M) | ($18.3M) | ($20.1M) |
| Accrued liabilities and other | $8.0M | ($9.3M) | ($11.2M) | ($9.3M) |
| Net cash provided by operating activities | $34.5M | ($39.2M) | $67.5M | $51.0M |
| Property and equipment expenditures, including exploration expense | ($181.6M) | ($78.1M) | — | — |
| Proceeds from the Canada Assets Divestment | $25.5M | $25.5M | — | — |
| Acquisition of oil and gas properties | $0 | $0 | ($3.0M) | ($3.0M) |
| Net cash used in investing activities | ($156.2M) | ($52.6M) | ($155.8M) | ($107.5M) |
| Proceeds from borrowings | $117.0M | $92.0M | $60.0M | $60.0M |
| Dividend distribution | ($13.4M) | ($6.7M) | ($19.8M) | ($13.1M) |
| Payments for treasury shares | -2.0M | 0 | -709.0K | -709.0K |
| Deferred financing costs paid | ($2.2M) | ($1.2M) | ($7.1M) | ($6.9M) |
| Payments of finance leases | ($6.2M) | ($3.2M) | ($9.8M) | ($6.3M) |
| Net cash provided by financing activities | $93.2M | $81.0M | $22.6M | $32.9M |
| Effects of exchange rate changes on cash | ($32.0K) | ($32.0K) | $53.0K | $96.0K |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ($28.5M) | ($10.9M) | ($65.6M) | ($23.4M) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD | $67.0M | $67.0M | $97.7M | $97.7M |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $38.4M | $56.1M | $32.1M | $74.3M |
| Income taxes paid in-kind with crude oil | $26.7M | $24.5M | $32.3M | $32.3M |
| Interest paid, net of interest capitalized | $2.8M | $3.6M | $5.0M | $3.2M |
| Property and equipment additions incurred but not paid at end of period | $7.6M | $9.8M | $1.3M | $9.5M |
| Recognition of right-of-use finance lease assets and liabilities | $0 | $0 | $2.4M | $2.4M |
| Recognition of right-of-use operating lease assets and liabilities | $8.1M | $6.8M | $0 | — |
| Changes in asset retirement obligation | $77.0K | $572.0K | $58.0K | $126.0K |
VAALCO Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.