Filing Flows › Vaalco Energy (EGY) › Q2 2026
Vaalco Energy (EGY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Vaalco Energy (EGY) reported revenue of $135M for the second quarter 2026 (Q2 2026), +40% from a year earlier and +116% from the quarter before. Operating margin was 32.3%, net earnings $42.4M (31.4% of revenue).
Vaalco Energy, Q2 2026: revenue $135M (+40% year over year), operating margin 32.3%, net earnings $42.4M, operating cash flow $73.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | +116% | +40% |
| Operating profit | $43.6M | — | +154% |
| Net earnings | $42.4M | — | +407% |
| Operating cash flow | $73.7M | — | +302% |
What changed
Revenue was $135.2M in Q2 2026, up 40% year over year and up 116% from the previous quarter. Gabon was the largest line at 68% of revenue. Gabon added $33.2M year over year (up 57%), 87% of the total change.
Operating profit was $43.6M, a 32.3% margin (up 14.5 points year over year). Of the extra revenue versus Q2 2025, 69% reached operating profit, above the 18% margin then. Total costs grew 15% against revenue growth of 40%. The fastest-growing cost line was General & admin (+32%). Net earnings were $42.4M, up 407% year over year. The effective tax rate was 28.3%. Non-operating items added $15.6M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $73.7M (up 302% year over year), 174% of net earnings. Non-cash charges added back $34.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $4.7M.
Questions
What was Vaalco Energy's revenue in the second quarter 2026?
Vaalco Energy (EGY) reported revenue of $135M for the second quarter 2026 (Q2 2026), +40% from a year earlier and +116% from the quarter before.
Was Vaalco Energy profitable in the second quarter 2026?
Operating profit was $43.6M (32.3% of revenue) and net earnings $42.4M.
Source: Vaalco Energy 10-Q on SEC EDGAR.