What is Vaalco Energy's canada — exploration expense?

Vaalco Energy (EGY) reported canada — exploration expense of $0 in Q1 2026.

What does canada — exploration expense mean?

Costs associated with geological and geophysical activities, as well as exploratory drilling, aimed at identifying new reserves within the Canadian segment. This metric highlights the company's commitment to long-term resource replacement and growth through exploration.

Vaalco Energy EGY Canada — Exploration expense

Other segment segments

Côte d'Ivoire

$208K—

Egypt

$0—

Equatorial Guinea

$0—

Similar metrics at other companies

MURCanada — Exploration costs

$75K-25.0%

MURCanada — Exploration expenses, including undeveloped lease amortization

$0-100%

MURCanada — Geological and geophysical

$0—

MGY

MGYExploration Expense

$1.74M+401%

PPTAExploration Expense

$53.1M+306%

CTGOExploration — Exploration Expense

$2.93M+1,132%

Other financials

Income statement

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Revenue$62.6M-43.3%

Operating income-$16.1M-162%

Net income-$93.8M-1,313%

EPS (diluted)-$0.90-1,386%

Balance sheet

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Cash & equivalents$48.0M+17.4%

Total debt$240.3M+149%

Total equity$344.9M-31.6%

Total assets$920.7M-0.7%

Cash flow

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Operating cash flow-$39.2M-220%

CapEx$9.8M+53.5%

Free cash flow-$49.0M-286%

Valuation

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Market cap$536.13M+33.2%

Enterprise value$728.42M+59.1%

P/S1.7×+0.9×

Profitability

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Operating margin-20.2%-46.6pp

Net margin-45.9%-57.8pp

FCF margin41.5%+15.3pp

Returns & leverage

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Return on equity-33.7%-45.6pp

Debt / equity0.7×+0.5×

Current ratio0.5×-0.6×

Where this comes from

Reported directly by Vaalco Energy in its filing.

Tagged under the XBRL concept us-gaap:ResultsOfOperationsExplorationExpense.

The official record: Vaalco Energy’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vaalco Energy's canada — exploration expense?: Vaalco Energy (EGY) reported canada — exploration expense of $0 in Q1 2026.
What does canada — exploration expense mean?: Costs associated with geological and geophysical activities, as well as exploratory drilling, aimed at identifying new reserves within the Canadian segment. This metric highlights the company's commitment to long-term resource replacement and growth through exploration.