EGY, US91851C2017

VAALCO Energy outlines African strategy and VAALCO Energy stock costs EUR 5.11

Published on 10/05/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 135.20 million, up 115.97 percent. VAALCO Energy stock costs EUR 5.11 on October 5, 2026 after EUR 5.07.

EGY, US91851C2017, Illustration mit AI erstellt.

VAALCO Energy (US91851C2017) stock was trading at EUR 5.11 at Lang & Schwarz on October 5, 2026 at 1:46 p.m. CEST, up 0.79 percent from the EUR 5.07 prior close. The company outlined an African growth strategy at the Water Tower Research Virtual Insights Conference on September 22, 2026, according to Investing.com.

Production expansion meets capital intensity

VAALCO's strategy centers on production growth across Gabon, Egypt, Cote d'Ivoire and Equatorial Guinea. The company said it expects production to exceed 50,000 barrels of oil equivalent per day by 2030, while development spending remains capital intensive through the first half of 2027, Investing.com reported on September 22, 2026.

The operating base already spans four areas and includes the Baobab field offshore Cote d'Ivoire. The restart helped lift second-quarter sales volumes to 17,812 net revenue interest barrels of oil equivalent per day, 47.00 percent above the first quarter, according to Yahoo Finance on September 9, 2026.

Second-quarter rebound changes the baseline

The second-quarter 2026 figures show why production execution matters for the valuation. Revenue rose to USD 135.20 million from USD 62.60 million in the first quarter, an increase of 115.97 percent. Net income reached USD 42.40 million, compared with a USD 93.76 million loss in the first quarter, while adjusted EBITDAX was USD 54.80 million, Yahoo Finance reported.

VAALCO's official investor-relations page identifies the quarter as ended June 30, 2026 and lists USD 54.80 million of adjusted EBITDAX, USD 30.40 million of unrestricted cash and production of 16,688 net revenue interest barrels of oil equivalent per day. The figures are non-GAAP or operating measures where stated, so they should be read alongside the reported net income rather than treated as interchangeable, according to Vaalco Energy.

EUR 5.11 in afternoon trading

At Lang & Schwarz, VAALCO Energy stock was trading at EUR 5.11 on October 5, 2026 at 1:46 p.m. CEST, plus 0.79 percent versus the EUR 5.07 prior close at Lang & Schwarz on October 2, 2026. The primary listing is NYSE, where the finance quote showed a USD 597.4 million market capitalization on October 2, 2026 and a USD 3.36 to USD 6.72 52-week range.