VAALCO Energy Reports Q3 2026 Loss, Higher Production and Updated Guidance
VAALCO reported a $39.8 million net loss, or $0.38 per diluted share, primarily attributed to non-cash derivative losses. Adjusted EBITDAX rose 30% to $71.1 million, and working-interest production increased 21% to 25,284 barrels per day versus Q2 2026. The company also reported operational milestones and updated its 2026 guidance.
VAALCO Energy, Inc. released its operational and financial results for the third quarter of 2026 on November 5, 2026. The company reported a net loss of $39.8 million, or $0.38 per diluted share, primarily attributed to non-cash losses on derivative instruments. Despite the net loss, the company achieved a 30% increase in Adjusted EBITDAX to $71.1 million and a 21% rise in working interest production to 25,284 barrels of oil per day compared to the second quarter of 2026.
Operational highlights included the completion of the Gabon drilling campaign, the resumption of production at the Baobab field in Côte d'Ivoire, and the commencement of Phase Five drilling operations. The company also provided updated operational and financial guidance for the remainder of 2026.