Filing Flows › Vaalco Energy (EGY) › Q2 2025
Vaalco Energy (EGY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Vaalco Energy (EGY) reported revenue of $96.9M for the second quarter 2025 (Q2 2025), -17% from a year earlier and -12% from the quarter before. Operating margin was 17.7%, net earnings $8.4M (8.6% of revenue).
Vaalco Energy, Q2 2025: revenue $96.9M (-17% year over year), operating margin 17.7%, net earnings $8.4M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.9M | -12% | -17% |
| Operating profit | $17.2M | -34% | -16% |
| Net earnings | $8.4M | +8% | -70% |
| Operating cash flow | $18.3M | -44% | — |
What changed
Revenue was $96.9M in Q2 2025, down 17% year over year and down 12% from the previous quarter. Gabon was the largest line at 60% of revenue. Côte d'Ivoire lost $16.9M year over year (down 98%), 85% of the total change.
Operating profit was $17.2M, a 17.7% margin (up 0.3 points year over year). Total costs fell 17% while revenue fell 17%. The fastest-growing cost line was General & admin (+12%). Net earnings were $8.4M, down 70% year over year. The effective tax rate was 45.5%.
Operating cash flow was $18.3M, 219% of net earnings. Non-cash charges added back $28.3M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $19.8M. Capital expenditures of −$55.5M left free cash flow of $73.8M.
Questions
What was Vaalco Energy's revenue in the second quarter 2025?
Vaalco Energy (EGY) reported revenue of $96.9M for the second quarter 2025 (Q2 2025), -17% from a year earlier and -12% from the quarter before.
Was Vaalco Energy profitable in the second quarter 2025?
Operating profit was $17.2M (17.7% of revenue) and net earnings $8.4M.
Source: Vaalco Energy 10-Q on SEC EDGAR.