VAALCO Energy Q3 2026 Earnings Call Transcript - VAALCO Energy (NYSE:EGY)

VAALCO Energy (NYSE:EGY) reported third-quarter 2026 results and provided its earnings-call transcript, highlighting a strong quarter driven by production growth. The company said adjusted EBITDAX reached $71.1 million, up 30% from the prior quarter. Production rose more than 20% versus Q2 2026, with gains noted in Gabon and Côte d’Ivoire. VAALCO completed a drilling campaign in Gabon, began Phase V drilling in Côte d’Ivoire, and continued operations in Egypt. It resumed production in the Baobab field after a successful FPSO refurbishment, with additional drilling planned in Côte d’Ivoire. Management expects continued growth and positive free cash flow in the second half of 2027, while also targeting reductions in CAPEX and OPEX in Gabon and maintaining drilling in Egypt through 2027.