VAALCO posts Q2 2026 net income of $42.4 million, reverses Q1 loss
VAALCO reported second-quarter 2026 net income of $42.4 million ($0.39 per diluted share), compared with a net loss of $93.8 million in the first quarter, and Adjusted EBITDAX of $54.8 million, up from $11.6 million in the first quarter. The company affirmed its raised full-year 2026 production and sales guidance, kept 2026 capital guidance unchanged, and declared a $0.0625 quarterly dividend payable September 22, 2026.
Key points
- Net income of $42.4 million vs. a net loss of $93.8 million in Q1 2026 and net income of $8.4 million in Q2 2025; the company cited hedging gains and higher realized pricing.
- Total commodity sales of $135.2 million in Q2 2026, up from $62.6 million in Q1 2026; average realized price of $80.77 per BOE.
- Q3 2026 production is expected to be 19,600 to 21,600 NRI BOPD, including a full quarter from Côte d'Ivoire; full-year 2026 capital expenditure guidance remains $290 million to $360 million.
- Quarterly dividend of $0.0625 per share, record date August 21, 2026; earnings conference call on August 7, 2026 at 8:00 a.m. Central Time.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.