Consistent Production Guidance Achievement
For the past 2 years, VAALCO Energy has met or exceeded its quarterly production guidance, leading to strong operational and financial results.
Strong Financial Performance in Q2 2025
Net income of $8.4 million or $0.08 per share and adjusted EBITDAX of $49.9 million, driven by NRI production of 16,956 BOE per day.
New Reserve-Based Credit Facility
Entered into a new reserve-based revolving credit facility with an initial commitment of $119 million, with potential to grow to $300 million.
Return of Capital to Shareholders
Returned over $100 million to shareholders through dividends and share buybacks since 2022, with a current dividend yield of around 7%.
Successful Drilling Program in Egypt
Drilled and completed multiple wells in the first half of 2025 with no lost time incidents, contributing to increased production and economic performance.