Vaalco raises 2025 production guidance by 5% while lowering capital spending by 20% as major projects advance

Vaalco Energy, Inc. has raised its 2025 production guidance by 5% while reducing capital spending by 20%. CEO George Maxwell reported strong operational results, with NRI production at 15,405 BOE per day. The company achieved a net income of $17.2 million and adjusted EBITDAX of $130.5 million for the first nine months of 2025. CFO Ronald Bain guided Q4 production between 20,300 and 22,200 BOE per day, with anticipated CapEx of $90 million to $110 million. Analysts expressed neutral sentiment, focusing on CapEx efficiency and production sustainability.