VAALCO Energy swings to Q3 2026 net loss of $39.8 million from year-earlier profit

Bitget2026/11/05 23:17

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VAALCO Energy swung to a third-quarter 2026 net loss of $39.8 million from a year-earlier profit, primarily due to hedging losses.
Net revenue rose 9% from the previous quarter to $146.98 million, supported by higher sales volumes.
Production climbed 21% from the previous quarter to 20,145 net revenue interest barrels per day.
The Gabon drilling campaign was completed, with the rig released in early October.
Fourth-quarter 2026 guidance projects sales of 20,800–22,600 net revenue interest barrels per day and capital expenditures of $55 million–$75 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VAALCO Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611051645PRIMZONEFULLFEED9871800) on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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VAALCO Energy swings to Q3 2026 net loss of $39.8 million from year-earlier profit

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