VAALCO Energy (EGY) Misses Q2 EPS by 28c

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Go back to VAALCO Energy (EGY) Misses Q2 EPS by 28c

VAALCO Energy, Inc. Announces Second Quarter 2022 Results

August 10, 2022 4:45 PM EDT

HOUSTON, Aug. 10, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the second quarter of 2022.

Highlights and Recent Key Items:

Reported strong Q2 2022 net income of $15.1 million ($0.25 per diluted share) and Adjusted Net Income(1) of $30.7 million ($0.52 per diluted share);Increased Adjusted EBITDAX(1) by 81% quarter-over-quarter to $60.8 million in Q2 2022 a record high for VAALCO driven by strong pricing and increased sales... More