VAALCO Declares Dividend After Beating Production Targets and Reaffirming Guidance

VAALCO Energy, Inc. (NYSE:EGY) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.

The company declares quarterly cash dividends after achieving its production guidance and reiterating its full-year guidance.

VAALCO Declares Dividend After Beating Production Targets and Reaffirming Guidance

VAALCO Energy, Inc. (NYSE:EGY) is an independent energy company focused on the acquisition, exploration, development, and production of crude oil and natural gas. Headquartered in Texas, the company’s primary operations are concentrated in Africa, while holding interests in various blocks in countries like Gabon and Angola.

The company announced a revenue of $96.9 million for the second quarter of 2025, matching the analyst estimates. Meanwhile, the company’s EPS $0.081 surpassed the analyst estimates. Reported on August 7, 2025, the earnings call also highlighted producing 16,956 net revenue interest (NRI) barrels of oil equivalent per day (BOEPD), which stands above the high end of guidance.

VAALCO Energy, Inc. (NYSE:EGY) further reiterated full-year guidance. The guidance earlier included a reduction to capital expenditures in Q1 2025 by approximately 10%. The company aims to achieve this target without compromising full-year production or sales guidance. Additionally, the company has declared a quarterly cash dividend of $0.0625 per share of common stock to be paid to existing shareholders on September 19, 2025.

The stock is available to investors at $3.90 per share as of August 28, 2025, with a steady 6.41% dividend yield.

While we acknowledge the risk and potential of EGY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EGY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Energy Dividend Stocks to Invest in and 11 Best Annual Dividend Stocks to Buy According to Hedge Funds

Disclosure. None.