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Vaalco Energy ( (EGY) ) has issued an update.
Vaalco Energy reported its fourth-quarter and full-year 2025 results on March 12, 2026, showing production and sales volumes above increased guidance but a full-year net loss of $41.4 million and adjusted net loss of $4.0 million. The company generated $173.4 million in adjusted EBITDAX, $212.7 million in operating cash flow, ended 2025 with around $1 million of net debt, booked 43.0 MMBOE of proved reserves with positive revisions, secured a new reserves-based lending facility, and continued reducing Egyptian receivables while returning $26.5 million to shareholders in 2025.
Operationally, Vaalco advanced its Gabon Phase Three drilling program, completed the Etame 15H-ST1 development well that came onstream in January 2026, and used pilot and exploration well results to plan further development and workovers at Etame, SEENT and Ebouri, alongside a 3D seismic survey on the Niosi and Guduma blocks completed in early 2026. In Egypt, a drilling campaign running from December 2024 through late 2025 delivered four Eastern Desert development wells and an exploration success in the H-Field, while continuous workovers supported production and a new Côte d’Ivoire FPSO refurbishment for Baobab was completed in February 2026 with the vessel expected back on location and the field targeted to restart in the second quarter of 2026.
Looking ahead, the company has been confirmed as operator with a 60% working interest in the Kossipo field on the CI-40 Block in Côte d’Ivoire, divested all Canadian properties in February 2026 for $25.5 million, and set a 2026 capital budget of $290 million to $360 million covering Gabon, Baobab Phase 5 drilling, Egypt and completion of the Baobab FPSO project. Management highlighted that Vaalco has transformed over five years from a single-asset producer of about 5,000 barrels per day to a diversified, multi-country operator aiming for 50,000 BOEPD and projecting substantial organic production growth by 2030, positioning the company for continued operational expansion and shareholder returns.
The most recent analyst rating on (EGY) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Vaalco Energy stock, see the EGY Stock Forecast page.
Spark’s Take on EGY Stock
According to Spark, TipRanks’ AI Analyst, EGY is a Neutral.
The score is driven primarily by solid profitability and balance-sheet stability, but is held back by declining revenue and sharply weaker free cash flow. Earnings-call updates were supportive due to raised production guidance and lower capex, while technicals show strong trend strength but elevated overbought signals that add near-term risk. Valuation is aided by a solid dividend yield and a moderate P/E.
To see Spark’s full report on EGY stock, click here.
More about Vaalco Energy
Vaalco Energy, Inc. is an independent oil and gas producer focused on offshore and onshore assets in Africa, with key operations in Gabon, Egypt and Côte d’Ivoire and previously in Canada. The company develops and operates fields such as Etame and Baobab, uses FPSO infrastructure, and targets production growth and reserve replacement while returning capital to shareholders through dividends and buybacks.
Average Trading Volume: 1,244,421
Technical Sentiment Signal: Buy
Current Market Cap: $580.7M
Learn more about EGY stock on TipRanks’ Stock Analysis page.