Filing Flows › Vaalco Energy (EGY) › Q4 2024
Vaalco Energy (EGY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Vaalco Energy (EGY) reported revenue of $122M for the fourth quarter 2024 (Q4 2024), -18% from a year earlier and -13% from the quarter before. Operating margin was 31.6%, net earnings $11.7M (9.6% of revenue).
Vaalco Energy, Q4 2024: revenue $122M (-18% year over year), operating margin 31.6%, net earnings $11.7M, operating cash flow $44.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -13% | -18% |
| Operating profit | $38.5M | -13% | -52% |
| Net earnings | $11.7M | +6% | -73% |
| Operating cash flow | $44.5M | -7% | -14% |
| Free cash flow | $3.1M | -91% | -90% |
What changed
Revenue was $121.7M in Q4 2024, down 18% year over year and down 13% from the previous quarter.
Operating profit was $38.5M, a 31.6% margin (down 22.6 points year over year). Total costs grew 22% against a revenue fall of 18%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $11.7M, down 73% year over year. The effective tax rate was 59.6%.
Operating cash flow was $44.5M (down 14% year over year), 382% of net earnings. Non-cash charges added back $37.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $41.5M left free cash flow of $3.1M.
Questions
What was Vaalco Energy's revenue in the fourth quarter 2024?
Vaalco Energy (EGY) reported revenue of $122M for the fourth quarter 2024 (Q4 2024), -18% from a year earlier and -13% from the quarter before.
Was Vaalco Energy profitable in the fourth quarter 2024?
Operating profit was $38.5M (31.6% of revenue) and net earnings $11.7M.
Source: Vaalco Energy 10-K on SEC EDGAR.