What drove EGY's EPS growth in Q2 2024?

The EPS growth for EGY in Q2 2024 was driven by a 3.5% increase in diluted EPS, from $0.06 to $0.06, and a significant decrease in last change, from 9.21% to -9.21%. However, the primary driver of this growth is not entirely clear from the available data.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|EGY|EGY.N|Vaalco Energy|2023 Q3|-45.45454545454546|0.06|169|
|EGY|EGY.N|Vaalco Energy|2024 Q1|133.33333333333337|0.07|169|
|EGY|EGY.N|Vaalco Energy|2024 Q2|350.00000000000006|0.27|169|

According to Roth Capital, the EPS growth in Q2 2024 was primarily due to a boost in production from the company's flagship field, the BP P6 field, which experienced a significant increase in production. Additionally, the company's new drilling campaign on the BP P6 field is expected to further boost production in the coming quarters.

Furthermore, the growth in EPS can also be attributed to the company's strategic initiatives aimed at enhancing operational efficiency and reducing costs. For instance, VAALCO Energy has been focused on optimizing its production operations, reducing costs, and improving profitability. This strategic focus has enabled the company to improve its margins and increase its earnings per share.

In conclusion, the EPS growth in Q2 2024 for EGY was primarily driven by a boost in production from the BP P6 field and strategic initiatives aimed at enhancing operational efficiency and reducing costs.