This study presents an analytical investigation of energetic particle-induced geodesic acoustic modes (EGAMs) within a gyro-kinetic model, incorporating finite-orbit-width (FOW) effects up to the second order. The inclusion of second-order FOW effects introduces two distinct types of energetic particle-wave resonances, occurring at
ω
=
ω
t
h
and
ω
=
2
ω
t
h
, respectively, where
ω
t
h
denotes the transit frequency of energetic particles (EPs). It is found that two unstable EGAM branches coexist: a low frequency branch (LFB) characterized by
0
<
ω
LFB
<
ω
t
,
max
h
, and a high frequency branch (HFB) marked by
ω
t
,
max
h
<
ω
HFB
<
2
ω
t
,
max
h
. The instability of LFB primarily arises from the resonance
ω
=
ω
t
h
, mainly introduced by first-order FOW effects. As a result, the instability of LFB always exists regardless of the presence or absence of second-order FOW effects, and is barely modified by these effects. In contrast, the instability of HFB is exclusively attributed to the resonance
ω
=
2
ω
t
h
induced by second-order FOW effects. Consequently, the HFB exhibits instability in the presence of these effects.