VAALCO Energy Q2 2026 Results & Africa Growth | Business and Finance News

VAALCO Energy’s Q2 2026 earnings are a powerhouse of progress: net income jumped to $42.4M, adjusted EBITDAX hit $54.8M, and production is surging thanks to key moves in Cote dIvoire and Gabon. After a year-long overhaul, the Baobab FPSO is back online, fueling renewed output—and a new drilling phase kicks off in Q3 with a target well by year-end (real gains expected 2027). They’ve also snagged operator status for the high-potential Kossipo field, just steps from Baobab. In Gabon, Etame keeps pumping strong—even amid water cut bumps—and a new gas well boosts uptime. Exploration is heating up in both countries, with seismic data processing underway. Financials? Net revenue more than doubled on partner liftings, costs rose slightly due to inflation but remain under control, and they’re even expanding Egypt’s drilling without increasing capex. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/779611d7b4261047