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BlackRock Inc. boosted its holdings in Vaalco Energy Inc (NYSE: EGY) by 6.7% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,936,762 shares of the energy company's stock after purchasing an additional 558,168 shares during the quarter.

Vaalco Energy NYSE: EGY reported second-quarter net income of $42.4 million, or $0.39 per diluted share, and adjusted EBITDAX of $54.8 million as higher sales volumes, improved pricing and lower exploration expense lifted results from the prior quarter.

VAALCO Energy, Inc. (EGY) Q2 2026 Earnings Call Transcript

VAALCO Energy is initiating overlapping drilling campaigns in Gabon and the Ivory Coast. The recent gas well will reduce operational expenses by replacing costly diesel. Q3 guidance reflects full production from the FPSO and new wells, projecting a significant production increase and a slight upward revision to full-year guidance.

Vaalco Energy Inc (LSE:EGY) told investors that second-quarter sales jumped 47% from the previous three months as higher Gabon liftings and Egyptian volumes drove a sharp rebound in earnings, while the company reaffirmed its increased 2026 production guidance. Sales averaged 17,812 net revenue interest barrels of oil equivalent per day, above the midpoint of guidance, while production rose about 10%…