VAALCO Energy posted net income of $1.1 million in Q3 2025, with reduced revenue driven by lower sales volumes and realized prices. The company executed a major maintenance shutdown in Gabon, contributing to the decline. Adjusted EBITDAX fell sharply year-over-year, reflecting lower commodity prices and volumes.
Revenue declined 37% QoQ to $61 million due to lower volumes and pricing.
Net income was $1.1 million, down from $11 million YoY.
Adjusted EBITDAX dropped to $23.7 million from $92.8 million in Q3 2024.
Gabon shutdown in July led to significantly lower production and sales volumes.
Vaalco expects Q4 2025 production and sales to increase as Gabon operations resume and drilling continues in Egypt. Capital and expense guidance were revised lower, reflecting improved cost control.
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