Vaalco reports Q1 net loss $93.8M; raises production guidance 8%

VAALCO ENERGY INC /DE/

2026-Q1 EPS reported -$0.90 revenue$62,599,000

Net loss $93.8M ($0.90/diluted); adjusted net loss $47.2M ($0.45/diluted) excluding $55.9M unrealized derivative loss.
Sales volumes 12,157 NRI BOEPD, production 15,110 NRI BOEPD — slightly above midpoint guidance.
Q2 sales guidance 16,800–18,300 NRI BOPD (+44% vs Q1 midpoint); full-year production NRI up 8% at midpoint.
Drilled Etame 14H (4,850 bopd) and Etame 15H (2,000 bopd); Côte d'Ivoire FPSO restart on track for Q2.
Divested Canadian assets for $25.5M; quarterly dividend $0.0625/share payable June 26.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VAALCO ENERGY INC /DE/ reported first quarter 2026 results: net income net loss of $93.8 million, EPS ($0.90) per diluted share. Guidance raised.

Period: first quarter 2026
Net income: net loss of $93.8 million
EPS: ($0.90) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Reported a net loss of $93.8 million ($0.90 per diluted share), which includes $94.2 million in expenses primarily due to a loss on derivative instruments and exploration expense;

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Source: SEC EDGAR

accession 0000894627-26-000023

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