VAALCO Energy, an independent oil and gas enterprise, focuses on the acquisition, exploration, development, and extraction of crude oil and natural gas ...
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$0.25 per share
Est. EPS $0.08 · Revenue $126.80M · 1 analysts
Est. EPS $0.06 · Revenue $127.70M · 1 analysts
Est. EPS $-0.06 · Revenue $442.32M · 2 analysts
$0.25 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $359.3M | -25.0% | +115.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-41.4M | -171.6% | +145.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +22.9% | -36.4% | +750.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +13.0% | -54.5% | +240.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -11.5% | -195.5% | +121.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-43.2M | -503.1% | -25.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -12.0% | -637.5% | +41.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 29.0% | +48.0% | -75.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.69x | -47.0% | -15.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $913.4M | -4.4% | +5.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.40 vs 0.09 | -561.5% | 0.39 vs 0.06 | +550.0% |
| Revenue Surprise | $359.3M vs $380.4M | -5.5% | $135.2M vs $120.5M | +12.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 8, 2026 | Pruckl Thor | officer: Chief Operating Officer | Common Stock | D | 5,575 | $5.53 |
| Jun 8, 2026 | Pruckl Thor | officer: Chief Operating Officer | Common Stock | D | 2,906 | $5.53 |
| Jun 8, 2026 | POWERS MATTHEW R | officer: EVP, Gen. Counsel & Corp. Sect | Common Stock | D | 2,846 | $5.53 |
| Jun 8, 2026 | POWERS MATTHEW R | officer: EVP, Gen. Counsel & Corp. Sect | Common Stock | D | 1,696 | $5.53 |
| Jun 8, 2026 | Willis Lynn | officer: Chief Accounting Officer | Common Stock | D | 1,356 | $5.53 |
Operator: Good day, and welcome to the VAALCO Energy Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Landis Blackburn, Director of Investor Relations and FP&A. Please go ahead. Landis Blackburn: Thank you, operator. Welcome to VAALCO Energy's Second Quarter 2026 Conference Call. After I cover the forward-looking statements, George Maxwell, our CEO, will review key highlights of the second quarter. Ron Bain, our CFO, will then provide a more in-depth financial review. George will then return for some closing comments before you take your questions. [Operator Instructions] We would like to point out that we posted a supplemental investor deck on our website that has additional financial analysis, comparisons and guidance that should be helpful. With that, let me proceed with our forward-looking statement comments. During the course of this conference call, the company will be making forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, you should not place undue reliance on forward-looking statements. These and other risks are described in our earnings release, the presentation posted on our website and in the reports we file with the SEC, including our Form 10-K. Please note, this conference call is being recorded. Let me turn the call over to George. George Maxwell: Thank you, Landis. Good morning, everyone, and welcome to our second quarter 2026 earnings conference call. Over the past 2 years, we have streamlined and expanded our portfolio while delivering consistently solid operational results. In the first half of 2026, we have made material changes to our growing and diversified portfolio. We divested all of our Canadian assets while increasing our Cote d'Ivoire position. We were named operator with a 60% working interest in the Kossipo field on the CI40 block that had 2 discoveries drilled in the field and is located only 8 kilometers from Baobab. We are actively evaluating and processing seismic with our partners in Niosi Marin and Guduma Marin blocks offshore Gabon and on our exploration block CI-705 in Cote d'Ivoire. The Baobab FPSO successfully completed its refurbishment and the field resumed production in June as planned. At Etame, we continue to execute on our drilling campaign. All of these events have led to improving financial results driven by increases in production and sales that we believe will continue into the second half of 2026. We delivered $42.4 million in net income and $54.8 million in adjusted EBITDAX in the second quarter. We continue to …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
George Walter-Mitchell Maxwell | Chief Executive Officer & Director | USD 1,341,995 | Male | 1966 | Active |
Ronald Y. Bain | Chief Financial Officer | USD 858,848 | Male | 1967 | Active |
Thor Pruckl | Chief Operating Officer | USD 780,758 | Male | 1962 | Active |
Matthew R. Powers | Executive Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary | USD 683,164 | Male | 1976 | Active |
Casey Donohue | Executive Vice President of Technical & Business Development | USD 508,124 | Male | 1975 | Active |
Landis Blackburn | Director of Investor Relations and FP&A | — | — | — | Active |
Edward Cozens | SVP of Commercial & Strategic Planning | — | Male | — | Active |
Julie Ray | Vice President of Treasury | — | Female | — | Active |
Lisa Ruiz | Senior Vice President of Global Human Resources | — | Female | — | Active |
Iman Mohamed Kamal Hill | Country Manager & MD of Vaalco Energy Egypt | — | Female | 1963 | Active |
Viannet Okouma | Country Manager & MD of Vaalco Gabon S.A | — | Male | — | Active |
Lynn Willis | Chief Accounting Officer & Controller | — | Female | 1965 | Active |
Vaalco Energy NYSE: EGY reported second-quarter net income of $42.4 million, or $0.39 per diluted share, and adjusted EBITDAX of $54.8 million as higher sales volumes, improved pricing and lower exploration expense lifted results from the prior quarter.
VAALCO Energy, Inc. (EGY) Q2 2026 Earnings Call Transcript
VAALCO Energy is initiating overlapping drilling campaigns in Gabon and the Ivory Coast. The recent gas well will reduce operational expenses by replacing costly diesel. Q3 guidance reflects full production from the FPSO and new wells, projecting a significant production increase and a slight upward revision to full-year guidance.
Vaalco Energy Inc (LSE:EGY) told investors that second-quarter sales jumped 47% from the previous three months as higher Gabon liftings and Egyptian volumes drove a sharp rebound in earnings, while the company reaffirmed its increased 2026 production guidance. Sales averaged 17,812 net revenue interest barrels of oil equivalent per day, above the midpoint of guidance, while production rose about 10% quarter-on-quarter to 16,688 BOEPD.
HOUSTON, Aug. 06, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the second quarter 2026. Additionally, the Company provided operational and financial guidance for the third quarter and full year of 2026.
