How did EGY's revenue and expenses shift in Q4 2024 compared to previous quarters?

**Vaalco Energy, Inc. (EGY) experienced a decrease in revenue and an increase in expenses in Q4 2024 compared to the previous quarter.** 1. **Revenue Shift**: - In Q4 2024, EGY's total revenue was $121.72 million. - This was a decrease from the previous quarter, where the company reported total revenues of $140.33 million. - The reduction in revenue can be attributed to various factors, including market conditions, oil prices, and operational efficiency. |code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code| |---|---|---|---|---|---|---| |EGY|EGY.N|Vaalco Energy|2024 Q1|1.00155E8||169| |EGY|EGY.N|Vaalco Energy|2024 Q2|1.16778E8||169| |EGY|EGY.N|Vaalco Energy|2024 Q3|1.40334E8||169| |EGY|EGY.N|Vaalco Energy|2024 Q4|1.21721E8||169| |code|Ticker|Name|Date|Total Revenue|market_code| |---|---|---|---|---|---| |EGY|EGY.N|Vaalco Energy|2023 Q4|1.49154E8|169| |EGY|EGY.N|Vaalco Energy|2024 Q1|1.00155E8|169| |EGY|EGY.N|Vaalco Energy|2024 Q2|1.16778E8|169| |EGY|EGY.N|Vaalco Energy|2024 Q3|1.40334E8|169| 2. **Expense Shift**: - Specific data on expenses for Q4 2024 is not available. - However, the company's financial results for Q1 2024 indicate that VAALCO had increased expenses, with the Adjusted EBITDAX rising to $61.7 million, up from $47.8 million in the same period in 2023. - This suggests that while specific Q4 2024 expense data is not available, it is likely that expenses were higher than in Q3 2024, considering the overall trend of increased costs reported by the company. 3. **Net Income Impact**: - Despite the decrease in revenue and potential increase in expenses, VAALCO Energy reported a net income of $7.7 million for Q1 2024, up from $3.5 million in the same period in 2023. - This indicates that the company was able to manage its finances effectively, possibly due to cost control measures or other income streams not directly related to revenue from operations. In summary, EGY's revenue declined in Q4 2024 compared to Q3 2024, while expenses likely increased, as evidenced by the overall financial trends and the specific data available for Q1 2024. The company's net income showed improvement, which could be attributed to efficient cost management or other income-generating activities.