VAALCO reports Q2 net income of $42.4M, restarts Côte d'Ivoire production, affirms guidance

Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income of $42.4M ($0.39/share) and Adjusted EBITDAX of $54.8M, nearly 5x Q1's $11.6M, driven by 47% higher sales volumes, lower exploration expense, and derivative gains.

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• high

  Restarted production at Baobab field in Côte d'Ivoire in June 2026 following year-long FPSO refurbishment; Q3 production guidance of 19,600–21,600 NRI BOPD reflects 23% increase over Q2 at midpoint.

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• high

  Affirmed elevated full-year 2026 production and sales guidance (raised 8% and 12% at midpoint in May) while maintaining capital budget unchanged despite additional Egypt drilling.

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