Vaalco Energy (EGY)
NYSE:EGY
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Operationally the quarter delivered multiple material positives — FPSO refurbishment completed on schedule, high‑impact Gabon well results, expanded operator positions in Côte d’Ivoire with meaningful resource upside, increased 2026 production and sales guidance (8%–12%) and clear Q2 sales improvement (midpoint ~44% higher than Q1). Financials were impacted in Q1 by large hedging mark‑to‑market losses ($71M), an exploration charge for an unsuccessful well ($22.4M), and working capital/timing effects that produced a sizeable net loss ($93.7M) and modest unrestricted cash ($48M). Management communicated a confident outlook with several near‑term catalysts (two partner liftings in Gabon in Q2, Côte d’Ivoire restart in June, additional Egyptian drilling) and reduced expected exploration spend in Q2 (~90% lower than Q1). Given the strong operational momentum and upgraded guidance that appear likely to drive improved cash flow, coupled with the view that many of the large Q1 charges were timing/mark‑to‑market or one‑time exploration items, the positives outweigh the near‑term financial headwinds.Company Guidance
Operational Production Upside from Gabon Wells
Etame development wells brought strong initial production: 15H-8 online in late Feb at ~2,000 gross bbl/d; 14H-8 online in late Apr with an initial rate of ~4,850 gross bbl/d and 325 meters of lateral net pay. These wells are expected to materially boost Q2 production (two months of production from 14H-8) and support increased full-year guidance.
Baobab FPSO Refurbishment Completed On Schedule
Baobab FPSO refurbishment finished within expected timeline; vessel returned in April, moored with 4 of 7 risers/umbilicals reconnected. Production expected to restart in June with sales resuming in Q3, enabling multi‑well development later in the year.
Strategic Portfolio Repositioning and New Operator Roles
Sold Canadian assets (Feb 2026) and added high‑upside positions in Côte d’Ivoire: named operator of Kossipo (CI‑40) with 60% WI and operator of CI‑705 exploration block with 70% WI. Kossipo assessed at ~102 MMboe gross 2C resources (293 MMboe in place) and prior test >7,000 bbl/d; FDP submission before year‑end could move ~60 MMboe into 2P reserves.
Increased 2026 Production and Sales Guidance
Company increased full‑year 2026 production and sales NRI guidance by 8%–12%. Q2 guidance material improvement: company forecasts 21.6k–23.8k WI BOE/d and 16.8k–18.7k NRI BOE/d (Q2 NRI sales guidance midpoint ~44% higher vs Q1 sales midpoint). Exit‑rate guidance for year‑end ~25k–27k bbl/d.
Egypt Drilling & Optimization Driving Near‑Term Growth
Egypt drilling campaign (20 wells in 2025) improved production; additional six‑well program commencing Q2 2026 expected to increase production in Q3. Ongoing optimizations, workovers and recompletions have materially improved performance and minimized costs.
Financial and Capital Position Details
Q1 cash CapEx $78.1M; accrual CapEx $73.3M. Unrestricted cash of $48M at quarter end. Drew $92M on RBL; April borrowing base increased to $300M with $152M drawn and net debt of $104M. Q2 CapEx guidance $110M–$130M; full‑year CapEx guidance unchanged despite added drilling.
Cost Control and Lower G&A
Q1 production costs (absolute and per‑barrel) were well below the midpoint of guidance due to no partner liftings in Gabon; cash G&A totaled $6.9M, below the low end of guidance. Exploration spend guidance for Q2 is dramatically lower.
Exploration Expense Timing & Improvement Ahead
Nearly all expected 2026 exploration expense incurred in Q1 ($22.4M) and Q1 came in below prior guidance ($27M–$32M). Q2 exploration expense forecast is $2M–$3M, a ~90% reduction versus Q1.
Dividend Continuity
Paid Q1 quarterly cash dividend of $0.0625 per common share (~$6.7M) and announced the Q2 dividend, demonstrating continued shareholder distributions.
EGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $5.97 | $5.60 | -6.20% |
Mar 12, 2026 | $5.64 | $5.39 | -4.43% |
Nov 10, 2025 | $3.84 | $3.69 | -4.03% |
Aug 07, 2025 | $3.40 | $3.58 | +5.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vaalco Energy (EGY) report earnings?
Vaalco Energy (EGY) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Vaalco Energy (EGY) earnings time?
Vaalco Energy (EGY) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGY EPS forecast?
EGY EPS forecast for the fiscal quarter 2026 (Q2) is 0.07.