VAALCO (EGY) Q4 2025 Earnings Call Transcript
VAALCO Energy (EGY) reported Q4 2025 earnings, achieving adjusted EBITDAX of $173.4 million and net cash from operating activities of $212.7 million. Despite a net loss of $41.4 million due to a non-cash impairment charge, the company paid $26.5 million in dividends. Production exceeded guidance with 16,556 barrels of oil equivalent per day. The company also finalized a $25.5 million Canadian asset sale and secured operatorship in Côte d’Ivoire. Guidance for 2026 projects production between 20,100–22,400 barrels per day, with capital expenditures expected between $290 million and $360 million.
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