Sector: Oil & gas
Geography: Gabon, Egypt, Canada
COMM_EGY
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/EGY
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 62.6 y/y -43.3% | -16.1 y/y -161.6% | 18.2 y/y -39.9% | 2.1 y/y -96.3% | -93.8 y/y -1313.0% | -39.2 | -52.6 | 920.7 y/y -0.7% | 344.9 y/y -31.6% | -95.1% | 192.3 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 91.0 y/y -25.2% | -64.9 y/y -262.9% | 30.8 y/y -16.7% | -34.0 y/y -144.3% | -58.6 y/y -602.5% | 145.2 | -41.6 | 913.4 y/y -4.4% | 443.5 y/y -11.6% | -8.7% | 87.4 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 61.0 y/y -56.5% | 0.9 y/y -98.0% | 20.6 y/y -56.3% | 21.5 y/y -76.5% | 1.1 y/y -90.0% | 16.4 | -48.3 | 950.4 y/y 1.3% | 505.9 y/y 1.0% | 0.3% | 123.8 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 96.9 y/y -17.0% | 17.2 y/y -15.8% | 28.3 y/y -14.7% | 45.5 y/y -15.1% | 8.4 y/y -70.2% | 18.3 | -104.4 | 964.9 y/y 5.2% | 511.6 y/y 3.6% | 6.6% | 84.3 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 110.3 y/y 10.2% | 26.2 y/y -18.6% | 30.3 y/y 17.4% | 56.5 y/y -2.6% | 7.7 y/y 0.6% | 32.7 | -58.8 | 927.1 y/y 14.6% | 504.1 y/y 6.7% | 6.1% | 55.4 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 121.7 y/y -18.4% | 39.8 y/y -50.8% | 37.0 y/y 82.1% | 76.9 y/y -24.1% | 11.7 y/y -73.5% | 44.5 | -24.8 | 955.0 y/y 16.0% | 501.6 y/y 4.8% | 11.7% | 15.5 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 140.3 y/y 20.7% | 44.1 y/y 24.0% | 47.0 y/y 44.5% | 91.1 y/y 33.8% | 11.0 y/y 79.0% | 47.8 | -12.4 | 937.9 y/y 13.3% | 501.0 y/y 12.8% | 2.9% | -3.3 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 116.8 y/y 6.9% | 20.4 y/y -0.7% | 33.1 y/y -12.8% | 53.5 y/y -8.6% | 28.2 y/y 316.9% | -0.4 | -49.1 | 917.4 y/y 10.7% | 493.6 y/y 9.2% | 23.3% | 23.8 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 100.2 y/y 24.6% | 32.2 y/y 48.9% | 25.8 y/y 5.8% | 58.0 y/y 26.0% | 7.7 y/y 121.5% | 21.8 | -16.6 | 809.1 y/y -1.8% | 472.6 y/y 3.8% | 6.5% | -23.1 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 149.2 y/y — | 80.9 y/y — | 20.3 y/y — | 101.3 y/y — | 44.0 y/y — | 51.8 | -19.9 | 823.2 y/y — | 478.8 y/y — | 13.1% | -30.2 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 116.3 y/y — | 35.5 y/y — | 32.5 y/y — | 68.1 y/y — | 6.1 y/y — | 94.2 | -22.5 | 827.8 y/y — | 444.4 y/y — | 1.8% | -14.1 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 109.2 y/y — | 20.6 y/y — | 38.0 y/y — | 58.6 y/y — | 6.8 y/y — | 35.6 | -27.1 | 829.0 y/y — | 452.0 y/y — | 6.0% | 43.2 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 80.4 y/y — | 21.6 y/y — | 24.4 y/y — | 46.0 y/y — | 3.5 y/y — | 42.0 | -27.7 | 824.0 y/y — | 455.2 y/y — | — | 37.7 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln boe |
|---|---|
| 2025 | 10.00 |
| 2024 | 11.06 |
| 2023 | 9.06 |
| 2022 | 10.22 |
| 2021 | 11.22 |
| 2020 | 3.22 |
| 2019 | 4.97 |
| 2018 | 5.37 |
| 2017 | 3.05 |
| Year | Production, mln boe | per day |
|---|---|---|
| 2022 | 2.40 −7.5% | 6 589 |
| 2021 | 2.60 +46.3% | 7 121 |
| 2020 | 1.78 | 4 866 |
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 100spot vs LTM +31%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -96.8% ▲ +1.0 pp 1d
Main driver: Brent +31% vs LTM; revenue ×1.31 vs costs ×1.04; EBITDA 102→150; at 2.0× EV/EBITDA → -97%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Brent (rev) | +100% | 100.22 | 76.58 | 80.38 | +31% | +5% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 312 |
| LTM EBITDA | 102 |
| LTM cash costs (revenue − EBITDA) | 209 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.309 (+31%) |
| = Spot revenue | 408 |
| Revenue multiplier — 3y price | ×1.050 (+5%) |
| = 3-year-price revenue | 327 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 218 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 218 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 190 |
| = 3-year-price EBITDA | 109 |
| Conservative EBITDA = min(spot, avg) | 150 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 2.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 299 |
| Net debt | 238 |
| Target market cap = EV − net debt | 61 |
| Current market cap | 594 |
Upside = target market cap ÷ current − 1 = -96.8%
Life of mine: 3 yrs — before haircut -89.7%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 109 | 75 | +45.9% | 59 | 38 | +55.5% |
| 2023 Q3 | 116 | 90 | +29.5% | 68 | 47 | +44.3% |
| 2023 Q4 | 149 | 100 | +49.4% | 101 | 54 | +88.0% |
| 2024 Q1 | 100 | 113 | -11.3% | 58 | 67 | -12.8% |
| 2024 Q2 | 117 | 123 | -5.0% | 54 | 75 | -28.2% |
| 2024 Q3 | 140 | 113 | +24.1% | 91 | 61 | +48.2% |
| 2024 Q4 | 122 | 114 | +6.7% | 76 | 62 | +21.4% |
| 2025 Q1 | 110 | 113 | -1.9% | 56 | 61 | -7.5% |
| 2025 Q2 | 97 | 105 | -7.4% | 45 | 50 | -9.4% |
| 2025 Q3 | 61 | 108 | -43.7% | 21 | 57 | -62.4% |
| 2025 Q4 | 91 | 87 | +4.9% | 33 | 38 | -12.2% |
| 2026 Q1 | 63 | 103 | -39.0% | 2 | 51 | -95.9% |
Projected EV/EBITDA 2.5x · target 75th pct (3y) 1.4x · LTM avg 1.7x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of VAALCO Energy (EGY) — from primary filings.
VAALCO Energy, Inc. is an independent energy company focused on the acquisition, exploration, development, and production of crude oil and natural gas. Its operations are primarily in West Africa, including Gabon, Egypt, Equatorial Guinea, and Cote d'Ivoire, as well as in Canada.