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EG

VAALCO Energy, Inc.

EGYEnergyNASDAQ

Oil & Gas E&P · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$359.3M
-25.0% YoY
Net Income
-$41.4M
-170.8% YoY
EBITDA
$91.7M
-68.0% YoY
Free Cash Flow
-$76.6M

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About VAALCO Energy, Inc.

VAALCO Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial. Valued at $578.9M, EGY is a small-cap name in its sector. It holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.

Key stats
Market Cap$578.9M
Fwd P/E16.15
EPS$-1.37
Beta0.15
52W Change+62.5%
Dividend Yield4.62%
ROE-33.7%
Analysis

On the balance sheet, EGY has $48.0M in cash with $240.3M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$76.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -33.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been relatively flat, moving from $354.3M (2022) to $359.3M (2025).

EGY's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence VAALCO Energy, Inc.'s trajectory.

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