Vaalco Energy (EGY) reported second-quarter 2026 net income of $42.4 million, or $0.39 per diluted share, compared with a net loss of $93.8 million in the first quarter of 2026 and net income of $8.4 million in the second quarter of 2025. Revenue from crude oil, natural gas and natural gas liquids sales was $135.2 million.
The company said results reflected higher sales, increased realized pricing, lower exploration expense and a non-cash gain on derivative instruments. Vaalco also affirmed its full-year 2026 production and sales guidance and declared a quarterly dividend of $0.0625 per share.
- Second-quarter NRI sales averaged 17,812 BOEPD, up 47% from the first quarter.
- Net revenue rose to $135.2 million from $62.6 million in the first quarter of 2026.
- Adjusted EBITDAX was $54.8 million, up from $11.6 million in the prior quarter.
- Capital expenditures totaled $103.6 million on a cash basis in the second quarter.
- Production restarted in June at the Baobab field offshore Côte d’Ivoire following FPSO refurbishment.
- Vaalco reduced Egypt trade receivables to $12.9 million at June 30, 2026, from $31.6 million at Dec. 31, 2025.
- The next quarterly dividend is payable Sept. 22, 2026, to stockholders of record as of Aug. 21, 2026.
$EGY Hedge Fund Activity
We have seen 104 institutional investors add shares of $EGY stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 1,354,880 shares (-40.7%) from their portfolio in Q1 2026, for an estimated $8,589,939
- FMR LLC added 1,162,388 shares (+4740.8%) to their portfolio in Q1 2026, for an estimated $7,369,539
- FIL LTD added 990,642 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,280,670
- KORNITZER CAPITAL MANAGEMENT INC /KS added 841,960 shares (+24.9%) to their portfolio in Q2 2026, for an estimated $4,277,156
- SEI INVESTMENTS CO added 677,176 shares (+125.9%) to their portfolio in Q1 2026, for an estimated $4,293,295
- STATE STREET CORP added 516,895 shares (+16.8%) to their portfolio in Q1 2026, for an estimated $3,277,114
- UBS GROUP AG removed 449,916 shares (-33.9%) from their portfolio in Q1 2026, for an estimated $2,852,467
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
