VAALCO ENERGY INC /DE/
EGY · Crude Petroleum & Natural Gas · 104.3M shares · +16%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $21M (gross $24M, SBC $3M)
Reference price $3.95 · est. market cap ~$412M — last insider sale, 2025-03-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51African-focused independent E&P posting a loss year but with strong operating cash conversion and conservative leverage.
Strengths
- Robust OCF margin 59% (78th pct); low debt/equity 0.14 (28th)
- Diversified producing portfolio (Gabon/Egypt/Cote d'Ivoire) and recent non-core Canada divestment for $25.5M
Risks
- Net margin -11.5%, operating margin -5.7%, ROA -4.5%, ROE -9.3% — a clear loss year
- FPSO downtime, sub-1.0 liquidity, heavy geopolitical/PSC and offshore execution risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -11.5%)
- Weak liquidityCurrent ratio 0.69 (<1)
- Revenue declineRevenue -31.2% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-5.7%
Net margin
-11.5%
Return on equity
-9.3%
Return on assets
-4.5%
ROIC
-3.2%
Revenue growth (QoQ)
-31.2%
Net-income growth
-170.8%
Debt / equity
0.1×
Net debt / EBITDA
0.0×
Current ratio
0.7×
EBITDA
$89M
Tangible book value
$443M
Cash & investments
$59M
Stock comp / revenue
1.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Pruckl Thor | Tax withheld | 2.9K | $5.53 |
| 2026-06-08 | POWERS MATTHEW R | Tax withheld | 2.8K | $5.53 |
| 2026-06-08 | POWERS MATTHEW R | Tax withheld | 1.7K | $5.53 |
| 2026-06-08 | Willis Lynn | Tax withheld | 1.4K | $5.53 |
| 2026-06-08 | Bain Ronald Y | Tax withheld | 8.6K | $5.53 |
| 2026-06-08 | Bain Ronald Y | Tax withheld | 6.0K | $5.53 |
| 2026-06-08 | Maxwell George W.M. | Tax withheld | 24K | $5.53 |
| 2026-06-08 | Pruckl Thor | Tax withheld | 5.6K | $5.53 |
| 2026-06-08 | Maxwell George W.M. | Tax withheld | 16K | $5.53 |
| 2026-06-05 | Donohue Casey | Tax withheld | 4.9K | $5.29 |
| 2026-06-05 | POWERS MATTHEW R | Tax withheld | 12K | $5.29 |
| 2026-06-05 | Maxwell George W.M. | Tax withheld | 101K | $5.29 |
| 2026-06-05 | Willis Lynn | Tax withheld | 2.6K | $5.29 |
| 2026-06-05 | Pruckl Thor | Tax withheld | 24K | $5.29 |
| 2026-06-05 | Bain Ronald Y | Tax withheld | 37K | $5.29 |
| 2026-06-04 | Bain Ronald Y | Grant | 102K | — |
| 2026-06-04 | POWERS MATTHEW R | Grant | 18K | — |
| 2026-06-04 | POWERS MATTHEW R | Grant | 26K | — |
| 2026-06-04 | Pruckl Thor | Grant | 32K | — |
| 2026-06-04 | Pruckl Thor | Grant | 44K | — |
| 2026-06-04 | Stubbs Catherine L | Grant | 23K | — |
| 2026-06-04 | Willis Lynn | Grant | 20K | — |
| 2026-06-04 | Bain Ronald Y | Grant | 72K | — |
| 2026-06-04 | Donohue Casey | Grant | 15K | — |
| 2026-06-04 | Donohue Casey | Grant | 22K | — |
| 2026-06-04 | FAWTHROP ANDREW LAWRENCE | Grant | 23K | — |
| 2026-06-04 | LaFehr Edward David | Grant | 23K | — |
| 2026-06-04 | Maxwell George W.M. | Grant | 151K | — |
| 2026-06-04 | Maxwell George W.M. | Grant | 212K | — |
| 2026-06-04 | Nze-Bekale Fabrice | Grant | 23K | — |
| 2025-06-09 | Pruckl Thor | Tax withheld | 2.9K | $3.56 |
| 2025-06-09 | POWERS MATTHEW R | Tax withheld | 1.7K | $3.56 |
| 2025-06-09 | Bain Ronald Y | Tax withheld | 6.0K | $3.56 |
| 2025-06-09 | Maxwell George W.M. | Tax withheld | 16K | $3.56 |
| 2025-06-06 | Pruckl Thor | Tax withheld | 5.6K | $3.44 |
| 2025-06-06 | Maxwell George W.M. | Tax withheld | 24K | $3.44 |
| 2025-06-06 | POWERS MATTHEW R | Tax withheld | 2.8K | $3.44 |
| 2025-06-06 | Willis Lynn | Tax withheld | 1.4K | $3.44 |
| 2025-06-06 | Bain Ronald Y | Tax withheld | 8.6K | $3.44 |
| 2025-06-05 | Bain Ronald Y | Grant | 132K | — |
| 2025-06-05 | Stubbs Catherine L | Grant | 33K | — |
| 2025-06-05 | Nze-Bekale Fabrice | Grant | 33K | — |
| 2025-06-05 | LaFehr Edward David | Grant | 33K | — |
| 2025-06-05 | FAWTHROP ANDREW LAWRENCE | Grant | 33K | — |
| 2025-06-05 | Willis Lynn | Grant | 32K | — |
| 2025-06-05 | POWERS MATTHEW R | Grant | 90K | — |
| 2025-06-05 | Donohue Casey | Grant | 25K | — |
| 2025-06-05 | Donohue Casey | Grant | 35K | — |
| 2025-06-05 | Pruckl Thor | Grant | 122K | — |
| 2025-06-05 | Pruckl Thor | Grant | 176K | — |
| 2025-06-05 | POWERS MATTHEW R | Grant | 62K | — |
| 2025-06-05 | Maxwell George W.M. | Grant | 247K | — |
| 2025-06-05 | Maxwell George W.M. | Grant | 356K | — |
| 2025-06-05 | Bain Ronald Y | Grant | 92K | — |
| 2025-03-24 | Pruckl Thor | Sell | 10K | $3.95 |
| 2025-03-11 | Pruckl Thor | Tax withheld | 1.4K | $3.91 |
| 2025-03-11 | Maxwell George W.M. | Tax withheld | 7.3K | $3.91 |
| 2025-03-11 | Bain Ronald Y | Tax withheld | 3.4K | $3.91 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-09 | Exec/director changeExhibits | filing ↗ |
| 2026-06-04 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-21 | ResultsExhibits | filing ↗ |
| 2026-03-12 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-10 | Material agreementResultsReg FDExhibits | filing ↗ |
| 2026-01-15 | ResultsExhibits | filing ↗ |
| 2025-11-10 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-04 | 0000894627-26-000037 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0000894627-26-000033 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0000894627-26-000027 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0000894627-26-000023 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0000894627-26-000020 ↗ |
| 10-K/A | 2026-03-20 | 2025-12-31 | 0000894627-26-000017 ↗ |
| 10-K | 2026-03-16 | 2025-12-31 | 0000894627-26-000013 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0000894627-26-000009 ↗ |
| 8-K | 2026-02-10 | 2026-02-04 | 0000894627-26-000005 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0000894627-26-000002 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0000894627-25-000057 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0000894627-25-000055 ↗ |