EGY - VAALCO Energy, Inc.
Vaalco Energy is ramping up production as the Etame drilling campaign concludes and a new joint venture with Canadian Natural Resources begins. Recent Gabon drilling results have exceeded expectations. Cash flow is set to improve due to strong drilling outcomes and higher-than-anticipated commodity prices.
HOUSTON, June 23, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced that it will be participating in non-deal road show meetings with prospective investors in New York on June 24th and 25th. The Company has posted an updated investor presentation to its website. The presentation is made available at the following link: (https://www.vaalco.com/investors/news-events/presentations)
Geopolitical instability, particularly the unresolved Iranian situation, is driving higher and more volatile oil and gas prices for the foreseeable future. Comstock Resources (CRK), Antero Resources (AR), Exxon Mobil (XOM), Crescent Energy, Vaalco Energy (EGY), and Meren Energy (MRNFF) are highlighted as strong buy or long-term opportunities. XOM's Guyana expansion could contribute up to 10% of company production by 2030.
HOUSTON, June 15, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced positive operational updates offshore Gabon regarding the ongoing drilling program, including impressive initial well results on the Ebouri-5H well and mobilization of the rig to the SEENT platform. Additionally, the Company provided a positive update on the first well completed in the 2026 onshore Egypt drilling program.
VAALCO Energy is nearing completion of a major FPSO refurbishment. EGY's strong balance sheet and prudent management enabled it to weather production shutdowns and finance necessary upgrades with manageable debt. Unexpectedly high commodity prices and Egyptian receivables recovery are providing additional cash flow tailwinds as production ramps up.
Vaalco Energy Inc (NYSE:EGY, LSE:EGY) has restarted production at its Baobab field offshore Côte d'Ivoire after completing a refurbishment of the field's floating production vessel. The field, on the CI-40 block, is back online following work on the Baobab Ivoirien floating production, storage and offloading vessel, the Houston-based oil and gas producer said.
Vaalco Energy Inc (NYSE:EGY, LSE:EGY) has restarted production at its Baobab field offshore Côte d'Ivoire after completing a refurbishment of the field's...
HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced that the Baobab field on CI-40 block, offshore Côte d'Ivoire is back online following the successful Baobab Ivoirien Floating Production Storage and Offloading vessel (“FPSO”) refurbishment.
Crude oil is back in the headlines for the same reason it usually is: geopolitics.
Vaalco Energy NYSE: EGY said its first quarter of 2026 marked an operational inflection point as the company prepared for higher production from offshore Gabon and the expected restart of the Baobab field in Côte d'Ivoire, even as quarterly earnings were weighed down by derivative losses and exploration expense.
Vaalco Energy is poised for significant production growth. EGY raised Q2 2026 production guidance by 44% over Q1. High commodity prices, collection of past due Egyptian accounts, and unhedged volumes generated at least $100 million in extra cash flow.
VAALCO Energy, Inc. (EGY) Q1 2026 Earnings Call Transcript
Vaalco Energy (EGY) came out with a quarterly loss of $0.45 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.06 per share a year ago.
HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the first quarter 2026. Additionally, the Company provided operational and financial guidance for the second quarter and full year of 2026.
HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today announced that it declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2026 ($0.25 annualized), which is payable on June 26, 2026, to stockholders of record at the close of business on May 22, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today announced the timing of its first quarter 2026 earnings release and conference call.
Vaalco Energy is entering a major production growth phase, driven by the return of its FPSO and strong drilling results in Gabon. EGY is upgraded to Strong Buy, trading at just 2.5x 2027 EBITDA, with significant upside from conservative production guidance and oil market tailwinds. Recent well results in Gabon and the Cote d'Ivoire FPSO ramp are expected to drive substantial production and revenue growth into 2027.
Vaalco Energy is rebounding strongly from prior production lows. This is driven by successful Gabon drilling and (the routine) FPSO restart. The Gabon campaign's first five wells are progressing with a successful track record. Management is likely to exercise additional drilling options. EGY had maintained a debt-free balance sheet. This enabled operational flexibility and resilience through recent disruptions and field shutdowns.
HOUSTON, April 21, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced positive operational updates in Gabon regarding the ongoing drilling program, including encouraging initial well results on the Etame 14H well and mobilized the rig to the Ebouri platform. Additionally, the Company provided updates on the timing of bringing the Baobab field in CI-40 block, offshore Côte d'Ivoire back online.
Vaalco Energy Inc (NYSE: EGY - Get Free Report) traded down 7.9% during mid-day trading on Friday. The company traded as low as $5.09 and last traded at $5.1040. 399,221 shares traded hands during trading, a decline of 73% from the average session volume of 1,505,671 shares. The stock had previously closed at $5.54. Wall