Vaalco Energy Inc cash flow statement

In fiscal 2025, Vaalco Energy Inc's operations generated $213m of cash; it spent $0 on capital projects, leaving free cash flow of $213m. It returned $26.5m in dividends and $709,000 through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Vaalco Energy Inc: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	−0	9	37	26	27	50	129	224	114	213	196
Depreciation and amortisation	7	6	6	7	9	21	48	115	143	110	104
Stock-based pay	0	1	2	4	0	2	2	3	4	6	6
Capital spending	9	2	14	10	20	17	160	97	103	0	0
Free cash flow	−9	7	23	16	7	34	−31	126	11	213	196
Free cash flow after stock pay	−9	6	21	13	7	31	−33	123	6	206	190
Dividends paid	—	—	—	—	0	0	9	27	26	26	27
Share buybacks	0	0	0	4	1	1	4	24	7	1	2
Shares issued	—	0	1	0	0	1	0	1	0	0	—

US$ millions unless shown otherwise. Fiscal quarters.

Vaalco Energy Inc: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	48	45	33	18	16	145	−39	74
Depreciation and amortisation	47	37	30	28	21	31	18	34
Stock-based pay	1	1	1	1	2	2	1	2
Capital spending	0	103	0	3	0	—	0	0
Free cash flow	48	−58	32	16	16	—	−39	74
Free cash flow after stock pay	46	−60	31	14	15	—	−41	72
Shares issued	0	0	0	0	0	0	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Vaalco Energy Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vaalco Energy Inc.