VAALCO Energy, Inc. (NYSE:EGY) Q3 2024 Results Conference Call November 12, 2024 10:00 AM ET

Company Participants

Chris Delange - IR
George Maxwell - CEO
Ron Bain - CFO

Conference Call Participants

Jeff Robertson - Water Tower Research
Christopher Wheaton - Stifel
Charlie Sharp - Canaccord
Stephane Foucaud - Auctus Advisors
Bill Dezellem - Tieton Capital

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the VAALCO Energy Third Quarter 2024 Conference Call. [Operator Instructions]. This conference is being recorded and a replay will be made available on the company's website following the call.

I would now like to turn the conference over to Chris Delange, Investor Relations Co-ordinator. Please go ahead.

Chris Delange

Thank you, operator, and welcome to VAALCO Energy's third quarter 2024 conference call. After I cover the forward-looking statements, George Maxwell, our CEO, will review key highlights of the third quarter. Ron Bain, our CFO, will then provide a more in-depth financial review. George will then return for some closing comments before we take your questions.

During our question-and-answer section, we ask you limit your questions to one and a follow-up. You can always re-enter the queue with additional questions. I would like to point out that, we posted a supplemental investor deck on our website that has additional financial analysis, comparisons and guidance that should be helpful.

With that, let me proceed with our forward-looking statement comments. During the course of this conference call, the Company will be making forward-looking statements. Investors are cautioned that forward looking statements are not guarantees of future performance, and those actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Accordingly, you should not place undue reliance on forward looking statements. These and other risks are described in our earnings release, a presentation posted on our website and in the reports, we file with the SEC, including our Form 10-K. Please note that this conference call is being recorded.

Let me turn the call over to George.

George Maxwell

Thank you, Chris. Good morning, everyone, and welcome to our Q3, 2024 earnings conference call. For the past 2 years, we have met or exceeded our quarterly production guidance leading to consistently strong operational and financial results, including net income, adjusted EBITDAX and cash flow generation. Maintaining operational excellence and consistent production across our portfolio is essential to expanding adjusted EBITDAX, which will enable us to fund organic growth initiatives and position us as a larger player in the industry. We are executing at a high level and continue to deliver results in line with or above our guidance.