VAALCO Energy posted GAAP net income of USD 42.4 million, or USD 0.39 per diluted share, swinging from a GAAP net loss in Q1 2026.
Net revenue rose 116% from Q1 2026 to USD 135.17 million on higher NRI sales volumes of 1,621,000 BOE, up 48%.
Adjusted EBITDAX climbed to USD 54.8 million from USD 11.6 million in Q1 2026.
Quarterly NRI sales averaged 17,812 BOEPD, up 47% from Q1 2026; NRI production increased 10% to 16,688 BOEPD.
Management flagged Baobab’s June restart in Côte d’Ivoire, forecast Q3 NRI sales of 17,200–18,900 BOPD, and reaffirmed FY2026 NRI production guidance of 17,500–19,400 BOEPD.
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