Filing Flows › Vaalco Energy (EGY) › Q3 2025
Vaalco Energy (EGY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Vaalco Energy (EGY) reported revenue of $61.0M for the third quarter 2025 (Q3 2025), -57% from a year earlier and -37% from the quarter before. Operating margin was 1.5%, net earnings $1.1M (1.8% of revenue).
Vaalco Energy, Q3 2025: revenue $61.0M (-56% year over year), operating margin 1.5%, net earnings $1.1M, operating cash flow $16.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.0M | -37% | -57% |
| Operating profit | $898K | -95% | — |
| Net earnings | $1.1M | -87% | — |
| Operating cash flow | $16.4M | -10% | -66% |
What changed
Revenue was $61.0M in Q3 2025, down 57% year over year and down 37% from the previous quarter. Egypt was the largest line at 59% of revenue. Gabon lost $26.3M year over year (down 55%), 33% of the total change.
Operating profit was $898K, a 1.5% margin (down 29.9 points year over year). Total costs fell 38% while revenue fell 57%. The fastest-growing cost line was General & admin (+28%). Net earnings were $1.1M, down 90% year over year.
Operating cash flow was $16.4M (down 66% year over year), 1494% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $48.3M exceeded it, leaving free cash flow of −$31.9M.
Questions
What was Vaalco Energy's revenue in the third quarter 2025?
Vaalco Energy (EGY) reported revenue of $61.0M for the third quarter 2025 (Q3 2025), -57% from a year earlier and -37% from the quarter before.
Was Vaalco Energy profitable in the third quarter 2025?
Operating profit was $898K (1.5% of revenue) and net earnings $1.1M.
Source: Vaalco Energy 10-Q on SEC EDGAR.