Vaalco Energy, Inc. Announces First Quarter 2026 Results
Vaalco Energy reported a net loss of $93.8 million for Q1 2026, driven by hedging losses and exploration expenses. The company's adjusted net loss was $47.2 million, and adjusted EBITDAX was $11.6 million. Despite the financial loss, the company had operational successes including the drilling of two new wells in Gabon and Egypt, and the successful completion of the FPSO refurbishment in Côte d'Ivoire. These efforts led to increased production and sales guidance for 2026.
Key figures
- Revenue
- $62,599,000
- Revenue Yoy
- 17%
- Net debt
- $103.956 million
- Adjusted ebitdax
- $11.6 million
- Adjusted net loss
- $47.2 million
- Capital expenditures
- $78.1 million
- Sales volumes q2 2026
- 16,800-18,300 NRI BOPD
- Production growth 2030
- 225%
- Working capital deficit
- $110.1 million
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