Vaalco Energy, Inc. — Third Quarter 2026 Earnings Summary

Vaalco Energy reported a net loss of $39.8 million for the third quarter of 2026, primarily driven by a $34.7 million non-cash loss on derivative instruments, despite a 21% increase in production compared to the second quarter. The company achieved strong operational results with net revenue interest sales of 18,454 barrels per day and increased Adjusted EBITDAX by 30% to $71.1 million, supported by higher realized commodity prices and volumes across its Gabon, Egypt, and Côte d'Ivoire assets. Vaalco invested $86.9 million in capital expenditures during the quarter to advance drilling campaigns and field restarts, while projecting fourth-quarter sales volumes to rise between 20,800 and 22,600 NRI BOPD. Additionally, the company declared a quarterly cash dividend of $0.0625 per share, payable on December 22, 2026.