Filing Flows › Vaalco Energy (EGY) › Q1 2026
Vaalco Energy (EGY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Vaalco Energy (EGY) reported revenue of $62.6M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -31% from the quarter before. Operating margin was -25.8%, net loss $93.8M (149.8% of revenue).
Vaalco Energy, Q1 2026: revenue $62.6M (-43% year over year), operating margin -25.8%, net loss $93.8M, operating cash flow −$39.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.6M | -31% | -43% |
| Operating profit | −$16.1M | — | -162% |
| Net earnings | −$93.8M | — | -1313% |
| Operating cash flow | −$39.2M | -127% | -220% |
What changed
Revenue was $62.6M in Q1 2026, down 43% year over year and down 31% from the previous quarter. Egypt was the largest line at 62% of revenue. Gabon lost $30.8M year over year (down 59%), 65% of the total change.
Operating costs exceeded revenue by $16.1M, an operating margin of -25.8%. Total costs fell 6% while revenue fell 43%. The quarter ended with a net loss of $93.8M, wider than the previous quarter's $58.6M loss. Net interest and other expense of $73.3M was the main reason.
Operating cash flow was −$39.2M. Non-cash charges added back $18.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $34.9M.
Questions
What was Vaalco Energy's revenue in the first quarter 2026?
Vaalco Energy (EGY) reported revenue of $62.6M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -31% from the quarter before.
Was Vaalco Energy profitable in the first quarter 2026?
Operating loss was $16.1M (-25.8% of revenue) and net loss $93.8M.
Source: Vaalco Energy 10-Q on SEC EDGAR.