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Vaalco Energy EGY Egypt — Royalty Expense

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Other financials

Income statement

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Revenue$135.2M+39.5%
Operating income$43.6M+154%
Net income$42.4M+407%
EPS (diluted)$0.39+388%

Balance sheet

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Cash & equivalents$30.4M-55.2%
Total debt$261.8M+72.1%
Total equity$380.3M-25.7%
Total assets$968.6M+0.4%

Cash flow

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Operating cash flow$73.7M+302%
CapEx$9.8M+53.5%
Free cash flow$75.9M+398%

Valuation

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Market cap$621.74M+64.4%
Enterprise value$853.13M+84.4%
P/S1.8×+1.0×

Profitability

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Operating margin-10.4%-37.3pp
Net margin-31.1%-39.4pp
FCF margin54.3%+17.3pp

Returns & leverage

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Return on equity-24.4%-32.1pp
Debt / equity0.7×+0.4×
Current ratio0.4×-1.0×

Where this comes from

Reported directly by Vaalco Energy in its filing.

Tagged under the XBRL concept us-gaap:RoyaltyExpense.

The source filing: Vaalco Energy’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000894627-26-000051
Revenues from customer contracts:Three Months Ended June 30, 2026 / (in thousands)Three Months Ended June 30, 2025 / (in thousands)Six Months Ended June 30, 2026 / (in thousands)Six Months Ended June 30, 2025 / (in thousands)
Gross sales$86,356$55,188$152,766$112,844
Royalties(42,748)(21,752)(70,058)(45,339)
Selling costs(240)(179)(424)(328)
Net revenues$43,368$33,257$82,284$67,177

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Vaalco Energy's egypt — royalty expense?
Vaalco Energy (EGY) reported egypt — royalty expense of $42.75M in Q2 2026.
How has Vaalco Energy's egypt — royalty expense changed year-over-year?
Vaalco Energy's egypt — royalty expense increased by 96.5% year-over-year, from $21.75M to $42.75M.
What is the long-term trend for Vaalco Energy's egypt — royalty expense?
Over 3 years (2022 to 2025), Vaalco Energy's egypt — royalty expense has grown at a 65.7% compound annual growth rate (CAGR), from $18.74M to $85.25M.
What does egypt — royalty expense mean?
Reflects the costs paid to host governments or mineral rights owners based on the volume or value of production extracted in the Egypt segment. Monitoring this expense is critical for assessing the net profitability of operations after accounting for sovereign resource claims.

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