EGY
NEUTRALVaalco Energy Begins Drilling Program Offshore Gabon
The energy company has started drilling its first well as part of a new offshore drilling program in Gabon.
The energy company has started drilling its first well as part of a new offshore drilling program in Gabon.
The energy company reports weaker Q3 2025 results, with lower net income, Adjusted Net Loss, and Adjusted EBITDAX compared to prior periods, despite securing increased credit facility and declaring dividend.
The energy company has announced the timing of its Q3 2025 earnings release and conference call.
The oil and gas producer faced significant headwinds, reporting a 70% year-over-year drop in Q2 profit and a 17% decline in commodity sales. Despite some cost control measures, challenging market conditions persist.