Earnings ·
VAALCO Energy reported second quarter 2026 net income of $42.4 million, or $0.39 per diluted share, driven by higher…
EGYVaalco Energy Inc
VAALCO Energy reported second quarter 2026 net income of $42.4 million, or $0.39 per diluted share, driven by higher realized commodity prices and a non-cash gain on derivative instruments. The company generated Adjusted EBITDAX of $54.8 million and sold 17,812 NRI BOEPD, up 47% from the first quarter. Capital expenditures totaled $103.6 million, funding operations in Gabon, Egypt, and Côte d’Ivoire, where production resumed following an FPSO refurbishment. The company affirmed its full-year 2026 production guidance and announced a quarterly cash dividend of $0.0625 per share, payable on September 22, 2026 to shareholders of record as of August 21, 2026. VAALCO Energy operates in the oil and gas exploration and production industry.