VAALCO Energy Q2 adjusted EBITDAX beats estimates

VAALCO Energy

07/08/2025 22:54

Overview

VAALCO Q2 net income at $8.4 mln, adjusted net income missed expectations

Adjusted EBITDAX of $49.9 mln beats analyst estimates, per LSEG data

Outlook

VAALCO reiterates full-year guidance despite reduced capital expenditures

Company expects Q3 2025 production expense between $26.5 mln and $35.0 mln

VAALCO sees FY 2025 production expense between $148.5 mln and $161.5 mln

Company plans significant development drilling in Côte d'Ivoire in 2026

Result Drivers

PRODUCTION ABOVE GUIDANCE - VAALCO's NRI production reached 16,956 BOEPD, surpassing the high end of company guidance

SALES VOLUME - Sold 19,393 NRI BOEPD, exceeding the high end of company guidance

COST MANAGEMENT - Lower production expenses and efficient drilling contributed to results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
$0.02
Q2 Adjusted Net Income
Miss
$2.30 mln
$4.79 mln (1 Analyst)
Q2 Net Income
$8.40 mln
Q2 Adjusted EBITDAX
Beat
$49.90 mln
$42.10 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for VAALCO Energy Inc is $8.00, about 55.5% above its August 7 closing price of $3.56

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 65 three months ago

Press Release: ID:nGNXBd8VZ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)