VAALCO Energy (EGY) Misses Q1 EPS by 5c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
VAALCO Energy, Inc. Announces First Quarter 2016 Results
May 5, 2016 7:15 PM EDTHOUSTON, May 05, 2016 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY) today reported results for the first quarter of 2016.
First Quarter 2016 and recent highlights:
Received $19 million payment from VAALCOs Angola Block 5 partner on March 14, 2016.Realized better-than-forecasted cost reductions with first quarter net production expense per barrel of oil equivalent (BOE) of sales of $16.95 per BOE, down 25% compared with $22.50 per BOE in the first quarter of 2015. Reduced total general and administrative (G&A) expenses to $3.0 million, down 39% from $4.9 million in... More