Vaalco Energy

EGY

Market cap $559M

Crude oil is back in the headlines for the same reason it usually is: geopolitics.

Vaalco Energy NYSE: EGY said its first quarter of 2026 marked an operational inflection point as the company prepared for higher production from offshore Gabon and the expected restart of the Baobab field in Côte d'Ivoire, even as quarterly earnings were weighed down by derivative losses and exploration expense.

Vaalco Energy is poised for significant production growth. EGY raised Q2 2026 production guidance by 44% over Q1. High commodity prices, collection of past due Egyptian accounts, and unhedged volumes generated at least $100 million in extra cash flow.

VAALCO Energy, Inc. (EGY) Q1 2026 Earnings Call Transcript

Vaalco Energy (EGY) came out with a quarterly loss of $0.45 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.06 per share a year ago.

HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the first quarter 2026. Additionally, the Company provided operational and financial guidance for the second quarter and full year of 2026.

HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today announced that it declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2026 ($0.25 annualized), which is payable on June 26, 2026, to stockholders of record at the close of business on May 22, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today announced the timing of its first quarter 2026 earnings release and conference call.

Vaalco Energy is entering a major production growth phase, driven by the return of its FPSO and strong drilling results in Gabon. EGY is upgraded to Strong Buy, trading at just 2.5x 2027 EBITDA, with significant upside from conservative production guidance and oil market tailwinds. Recent well results in Gabon and the Cote d'Ivoire FPSO ramp are expected to drive substantial production and revenue growth into 2027.

Vaalco Energy is rebounding strongly from prior production lows.  This is driven by successful Gabon drilling and (the routine) FPSO restart. The Gabon campaign's first five wells are progressing with a successful track record.  Management is likely to exercise additional drilling options. EGY had maintained a debt-free balance sheet.   This enabled operational flexibility and resilience through recent disruptions and field shutdowns.