UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or Table of Contents o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-32167 ______________________ VAALCO Energy, Inc. (E ...

Financial Data and Key Metrics Changes - In Q2 2025, the company reported net income of $8.4 million or $0.08 per share and adjusted EBITDAX of $49.9 million, driven by NRI production of 16,956 BOE per day, which exceeded guidance [5][18] - NRI sales for the quarter were 19,393 BOE per day, a slight increase from the first quarter, while pricing decreased by approximately 15% quarter over quarter [19] - Production costs for Q2 were $40.4 million, a 10% reduction quarter over quarter, with a per barrel cost of $22.87 [20] Business Line Data and Key Metrics Changes - The FPSO project in Cote D'Ivoire is ahead of schedule, with significant investments expected to yield production increases starting in 2026 [9][10] - Gabon has shown positive production results, with strong uptime and improved decline curves, and a drilling program is set to begin in late Q3 2025 [10][12] - In Egypt, the company has drilled multiple wells in 2025, with plans for an additional eight wells in the second half of the year [13][59] Market Data and Key Metrics Changes - The company has seen higher volatility in the commodity price environment in 2025, impacting pricing despite increased sales [19] - The company’s unrestricted cash at the end of Q2 was $67.9 million, not including approximately $24 million in receipts collected in July [21] Company Strategy and Development Direction - The company remains focused on operational efficiency, prudent investments, and maximizing asset value while returning cash to shareholders through dividends [7][26] - A new reserve-based revolving credit facility was established with an initial commitment of $190 million, allowing for growth to $300 million to fund organic growth initiatives [6][22] - The company is committed to returning over $100 million to shareholders through dividends and share buybacks since 2022 [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute on multiple major projects that are expected to significantly grow production and reserves [27] - The company anticipates a strong year in 2025, with continued focus on organic growth and shareholder returns [71] Other Important Information - The FPSO refurbishment in Cote D'Ivoire is underway, with the vessel expected to return to service in early 2026 [8][9] - The company has maintained its full-year guidance despite a 10% reduction in CapEx forecast [23] Q&A Session Summary Question: Update on Cote D'Ivoire project status - The FPSO project remains ahead of schedule, with projections for reconnection in March 2026 [32] Question: Working capital and cash flow expectations - Working capital is expected to show a positive inflow in Q3, with improvements in receivables anticipated [34] Question: Cote D'Ivoire FPSO critical path concerns - The bearing swivel assembly is on track for installation, with no delays expected [41] Question: Impact of Gabon drilling program on production - Minimal disruptions are expected during the drilling program, with planned downtime aligned with rig movements [51] Question: Equatorial Guinea final investment decision timeline - The FID for Equatorial Guinea is projected for 2026, with ongoing evaluations to optimize expenditures [46] Question: Planned drilling activity in Egypt - The company plans to drill eight additional wells in the second half of the year, which is expected to positively impact production [59]

Q2 2025 Supplemental Information Profitably and Sustainably Growing Value August 2025 Q2 2025 Supplemental Information: Profitably and Sustainably Growing Value August 2025 Forward Looking Statements Safe Harbor This presentation of VAALCO Energy, Inc. ("Vaalco" or the "Company") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be c ...

Vaalco Energy (EGY) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this oil and natural gas explorer would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Vaalco Energy, which ...

Exhibit 99.1 VAALCO ENERGY, INC. ANNOUNCES SECOND QUARTER 2025 RESULTS HOUSTON – August 7, 2025 - VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("Vaalco" or the "Company") today reported operational and financial results for the second quarter of 2025. Second Quarter 2025 Highlights and Recent Key Items: George Maxwell, Vaalco's Chief Executive Officer, commented, "We continue to consistently deliver successful quarterly results that either meet or exceed our guidance. Both our sales and NRI production for the ...

Core Insights - Vaalco Energy, Inc. reported strong operational and financial results for Q2 2025, with net income of $8.4 million and Adjusted EBITDAX of $49.9 million, exceeding guidance expectations [3][6][11] Operational Update - The company is preparing for multiple drilling campaigns in Côte d'Ivoire, Gabon, and Egypt, with significant projects planned for 2026 and beyond [3][4][9] - In Gabon, a drilling rig has been secured for the 2025/2026 drilling program, expected to commence near the end of Q3 2025 [4] - The FPSO refurbishment project in Côte d'Ivoire is underway, with drilling planned to enhance production in the Baobab field starting in 2026 [3][9] - In Egypt, six wells were completed in Q2 2025, with further hydraulic fracturing planned for Q3 2025 [7] Financial Performance - Vaalco's Q2 2025 net income was $8.4 million ($0.08 per diluted share), an increase from $7.7 million in Q1 2025 but a decrease from $28.2 million in Q2 2024 [11][25] - Adjusted EBITDAX for Q2 2025 was $49.9 million, down 12% from Q1 2025 and down 31% from Q2 2024, primarily due to lower realized pricing [12][11] - The company produced 16,956 NRI BOEPD, exceeding guidance, and sold 19,393 NRI BOEPD, also above guidance [6][11] Capital Investments and Balance Sheet - Net capital expenditures for Q2 2025 totaled $45.9 million, primarily for projects in Gabon, Egypt, and Côte d'Ivoire [29] - As of June 30, 2025, Vaalco had an unrestricted cash balance of $67.9 million, with working capital increasing to $62.8 million from $56.2 million at the end of 2024 [30][31] - The company entered a new reserves-based revolving credit facility with an initial commitment of $190 million, aimed at supporting its growth initiatives [31] Dividend and Shareholder Returns - Vaalco declared a quarterly cash dividend of $0.0625 per share for Q2 2025, with the next dividend scheduled for September 19, 2025 [32] Hedging Strategy - The company continues to hedge a portion of its expected future production to secure cash flow for capital and shareholder return programs [33]

HOUSTON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Vaalco Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today announced that it declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2025 ($0.25 annualized), which is payable on September 19, 2025, to stockholders of record at the close of business on August 22, 2025. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of ...

HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today announced the timing of its second quarter 2025 earnings release and conference call. The Company will issue its second quarter 2025 earnings release on Thursday, August 7, 2025 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Friday morning, August 8, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern T ...

Core Viewpoint - Vaalco Energy is an overlooked, debt-free oil producer with a unique production mix operating in offshore Africa, onshore Egypt, and Canada, offering a yield of 6.7% [1] Company Overview - Vaalco Energy operates in diverse geographical locations, including offshore Africa and onshore Egypt and Canada, which contributes to its unusual production mix [1] - The company is characterized as debt-free, which may enhance its financial stability and attractiveness to investors [1] Investment Potential - The company provides a yield of 6.7%, indicating potential for income generation for investors [1]

Unlocking Material Growth and Value Through Operational Excellence Significant Organic Catalysts for Re-Rating Capital Markets Day – 14 May 2025 Disclaimer Forward-Looking Statements Safe Harbor This presentation of Vaalco Energy, Inc. ("Vaalco") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created ...