Vaalco Energy ( (EGY) ) has released its Q2 earnings. Here is a breakdown of the information Vaalco Energy presented to its investors.
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Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, engaged in the exploration, development, and production of oil and natural gas across several countries including Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria, and Canada.
In its latest earnings report for the second quarter of 2025, Vaalco Energy reported a net income of $8.4 million, or $0.08 per diluted share, and an adjusted EBITDAX of $49.9 million. The company produced 16,956 net revenue interest barrels of oil equivalent per day, surpassing the high end of its guidance, and declared a quarterly cash dividend of $0.0625 per share.
Key financial highlights include a net cash position of $7.9 million, excluding $24 million in cash receivables collected in July 2025. The company reiterated its full-year guidance, maintaining a reduction in capital expenditures by approximately 10% without affecting production or sales targets. Vaalco also highlighted its ongoing strategic initiatives, including drilling campaigns in Gabon and Egypt, and the refurbishment of the FPSO vessel in Côte d’Ivoire.
Despite a decrease in realized commodity prices, Vaalco managed to increase its sales volume slightly compared to the previous quarter, contributing to the rise in net income. The company continues to focus on its growth strategy, leveraging its new reserves-based credit facility to fund future projects and enhance shareholder returns.
Looking ahead, Vaalco Energy remains committed to executing its strategic vision, with plans for multiple production-enhancing drilling campaigns and continued focus on organic growth opportunities. The management believes these efforts will drive significant growth and value creation for the company and its shareholders in the coming years.