COMP <GO>

EGY vs WTI // EV/EBITDA & P/E VALUATION

VAALCO Energy Inc. (NYSE) VS. W&T Offshore Inc. (NYSE) • 15-METRIC TALLY: EGY 6 — WTI 2

■ METRIC PARITY

LAST: $6.34 (-1.40%) • MKT CAP: $666.9M

valuation

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LAST: $4.03 (-4.50%) • MKT CAP: $608.3M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (EGY VS. WTI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	EGY	WTI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-4.20%	-35.00%	+30.80	EGY	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	12.70%	—	TIE	/fcf-yield <GO>
Operating Margin	-5.70%	-10.50%	+4.80	EGY	/operating-margins <GO>
Net Profit Margin	-11.50%	-29.90%	+18.40	EGY	/net-margins <GO>
Revenue Growth (YoY)	-25.00%	-4.50%	-20.50	WTI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.97%	0.99%	+2.98	EGY	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.31	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	4/9	-1.00	WTI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.9	56.0	+3.81	EGY	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$666.9M	$608.3M	$58.6M	EGY	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	EGY REV	WTI REV	EGY GROSS %	WTI GROSS %	EGY FCF	WTI FCF
FY 2025	$359.3M	$501.5M	—	—	$212.7M	$77.2M
FY 2024	$479.0M	$525.3M	—	—	$113.7M	$59.5M
FY 2023	$455.1M	$532.7M	—	—	$223.6M	$115.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EGY // BETA —

WTI // BETA —