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Vaalco Energy cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$73.7M in Q2 2026 · $196M over twelve months

Operating cash flow$73.7M
Free cash flow+$73.7M
Cash / net income1.7×

Analysis

In Q2 2026, Vaalco Energy generated $73.7M of operating cash flow. That is $135K less than in Q2 2025 ($73.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was $196M; the largest uses were other investing ($305M), dividends ($26.8M), other financing ($2.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($104M); the cash balance fell by $35.9M.

Operating cash flow was $73.7M against net income of $42.4M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$34.3M, payables +$18.0M, accrued liabilities +$17.2M.

Free cash flow

Vaalco Energy: free cash flow by quarterVaalco Energy: free cash flow by quarter$35.4MQ3 2024−$58.5MQ4 2024−$25.8MQ1 2025$73.8MQ2 2025−$31.9MQ3 2025$145MQ4 2025−$39.2MQ1 2026$73.7MQ2 2026
Operating cash flow less capital spending.
Vaalco Energy: operating cash flow against capital spendingVaalco Energy: operating cash flow against capital spendingOperating cash flowCapital spending$47.8M$12.4MQ3 2024$44.5M$103MQ4 2024$32.7M$58.5MQ1 2025$18.3M−$55.5MQ2 2025$16.4M$48.3MQ3 2025$145M$0Q4 2025−$39.2M$0Q1 2026$73.7M$0Q2 2026
Latest (Q2 2026): Operating cash flow $73.7M, Capital spending $0.

Capital allocation, year by year

Vaalco Energy: where the cash came from (up) and went (down), by fiscal yearVaalco Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $50.1MFY2021: Shares issued $2.8MFY2021: Capital spending −$22.5MFY2021: Buybacks −$1.4M$52.9MFY2021FY2022: Operating cash flow $129MFY2022: Net borrowing −$3.0MFY2022: Shares issued $612KFY2022: Capital spending −$160MFY2022: Buybacks −$3.8MFY2022: Dividends −$9.4M$129MFY2022FY2023: Operating cash flow $224MFY2023: Net borrowing −$7.2MFY2023: Shares issued $1.4MFY2023: Capital spending −$97.2MFY2023: Buybacks −$23.6MFY2023: Dividends −$26.8M$225MFY2023FY2024: Operating cash flow $114MFY2024: Net borrowing −$10.5MFY2024: Shares issued $847KFY2024: Capital spending −$103MFY2024: Buybacks −$6.8MFY2024: Dividends −$26.2M$115MFY2024FY2025: Operating cash flow $213MFY2025: Net borrowing $46.7MFY2025: Buybacks −$709KFY2025: Dividends −$26.5M$259MFY2025
Over these 5 years operating cash flow totalled $729M; the largest uses were capital spending ($383M) and dividends ($88.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$30.4M
Debt$177M
Net debt$147M

Vaalco Energy funds itself: free cash flow was $196M over the last twelve months, and $30.4M of cash and investments stands against $177M of debt.

Where the cash came from and went

Vaalco Energy: sources (+) and uses (−) of cash, Q2 2026Vaalco Energy: sources (+) and uses (−) of cash, Q2 2026Other investing−$104MOperating cash flow$73.7MNet borrowing (+) / repaid (−)$22.0MCash drawn (+) / kept (−)$17.6MDividends−$6.7MBuybacks−$2.0MOther financing−$1.0M
Vaalco Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Vaalco Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$305MOperating cash flow$196MNet borrowing (+) / repaid (−)$104MCash drawn (+) / kept (−)$35.9MDividends−$26.8MOther financing−$2.4MBuybacks−$2.0MExchange rates−$45K

From profit to cash

Vaalco Energy: net income to operating cash flow, Q2 2026Vaalco Energy: net income to operating cash flow, Q2 2026Net income$42.4MDepreciation & amortization$34.3MStock-based pay$1.6MDeferred taxes$1.0MReceivables$3.3MInventory$4.9MPayables$18.0MAccrued liabilities$17.2MPrepaid and other assets−$2.1MIncome taxes payable$5.1MOperating cash flow$73.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$73.7M——−$2.0M−$6.7M$22.0M$17.6M$73.7M
Q1 2026−$39.2M———−$6.7M$88.8M$10.9M−$39.2M
Q4 2025$145M———−$6.7M−$3.5M−$34.8M$145M
Q3 2025$16.4M−$48.3M——−$6.7M−$3.4M$42.2M−$31.9M
Q2 2025$18.3M$55.5M$247K−$554K−$6.6M$56.6M−$17.4M$73.8M
Q1 2025$32.7M−$58.5M−$247K−$155K−$6.6M−$2.9M$40.8M−$25.8M
Q4 2024$44.5M−$103M—$1K−$6.6M−$4.2M$7.3M−$58.5M
Q3 2024$47.8M−$12.4M—−$1K−$6.6M−$2.1M−$26.9M$35.4M

Vaalco Energy: income statement and cash flow

Vaalco Energy, Q2 2026: revenue $135M (+40% year over year), operating margin 32.3%. The chart follows the revenue to costs, profit and cash.

Vaalco Energy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.