VAALCO Energy (EGY)


Market Price (9/21/2026): $6.055 | Market Cap: $632.9 MilSector: Energy | Industry: Oil & Gas Exploration & Production

VAALCO Energy (EGY)


Market Price (9/21/2026): $6.055
Market Cap: $632.9 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%

Attractive yield
Dividend Yield is 4.2%

Low stock price volatility
Vol 12M is 46%

Megatrend and thematic drivers
Megatrends include Global Energy Supply. Themes include Oil & Gas Exploration & Production, and Offshore Oil & Gas Development.

Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -3.9%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17%

Key risks
EGY key risks include [1] substantial geopolitical, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%
1 Attractive yield
Dividend Yield is 4.2%
2 Low stock price volatility
Vol 12M is 46%
3 Megatrend and thematic drivers
Megatrends include Global Energy Supply. Themes include Oil & Gas Exploration & Production, and Offshore Oil & Gas Development.
4 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -3.9%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%
6 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17%
8 Key risks
EGY key risks include [1] substantial geopolitical, Show more.

EGY in ETFs

Weight = EGY's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
XOP0.47%
AVUV0.09%
FNDA0.02%
VTWO0.02%
DFAS0.01%
+6 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/18/2026

VAALCO Energy (EGY) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Robust Q2 2026 Financial Performance and Upgraded Guidance. VAALCO Energy reported strong fiscal Q2 2026 results (ended June 30, 2026) on August 6, 2026, with a net income of $42.4 million ($0.39 per diluted share), a significant improvement from a net loss in the prior quarter. The company reported a 47% increase in net revenue interest (NRI) sales volumes compared to fiscal Q1 2026 and affirmed its previously increased full-year 2026 production and sales NRI volumes by 8% and 12% respectively at the midpoint, while maintaining its capital expenditure guidance.

2. Successful Drilling Campaigns and Baobab Field Restart Driving Production Growth. The company announced positive operational updates from its drilling campaigns in Gabon and Egypt. In early June 2026, the HE-9 development well in Egypt began production with an initial flow rate of 529 gross barrels of oil per day (bbl/d), surpassing pre-drill expectations. Concurrently, the Ebouri-5H development well in Gabon achieved initial production rates exceeding 8,000 gross barrels of oil per day (BOPD), or 4,700 BOPD net to VAALCO. Additionally, production at the Baobab field in Côte d'Ivoire successfully restarted in June 2026 following a major Floating Production Storage and Offloading vessel (FPSO) refurbishment.

Show more
Updated on 9/18/2026

VAALCO Energy (EGY) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Robust Q2 2026 Financial Performance and Upgraded Guidance. VAALCO Energy reported strong fiscal Q2 2026 results (ended June 30, 2026) on August 6, 2026, with a net income of $42.4 million ($0.39 per diluted share), a significant improvement from a net loss in the prior quarter. The company reported a 47% increase in net revenue interest (NRI) sales volumes compared to fiscal Q1 2026 and affirmed its previously increased full-year 2026 production and sales NRI volumes by 8% and 12% respectively at the midpoint, while maintaining its capital expenditure guidance.

2. Successful Drilling Campaigns and Baobab Field Restart Driving Production Growth. The company announced positive operational updates from its drilling campaigns in Gabon and Egypt. In early June 2026, the HE-9 development well in Egypt began production with an initial flow rate of 529 gross barrels of oil per day (bbl/d), surpassing pre-drill expectations. Concurrently, the Ebouri-5H development well in Gabon achieved initial production rates exceeding 8,000 gross barrels of oil per day (BOPD), or 4,700 BOPD net to VAALCO. Additionally, production at the Baobab field in Côte d'Ivoire successfully restarted in June 2026 following a major Floating Production Storage and Offloading vessel (FPSO) refurbishment.

3. Sustained Shareholder Returns and Favorable Oil Price Environment. VAALCO declared its 19th consecutive quarterly cash dividend of $0.0625 per share for fiscal Q3 2026 on August 6, 2026, demonstrating a consistent return of capital to shareholders. This company-specific initiative was supported by a broader macroeconomic environment of elevated crude prices, with Brent crude surging towards $100-$107 per barrel, providing a tailwind for upstream energy producers.

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Stock Movement Drivers

Fundamental Drivers

The 17.3% change in EGY stock from 5/31/2026 to 9/20/2026 was primarily driven by a 26.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120269202026Change
Stock Price ($)5.176.0617.3%
Change Contribution By: 
Total Revenues ($ Mil)31239326.0%
P/S Multiple1.71.6-6.7%
Shares Outstanding (Mil)104105-0.2%
Cumulative Contribution17.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
EGY17.3% 
Market (SPY)0.9%-4.2%
Sector (XLE)14.2%60.5%

Fundamental Drivers

The 20.2% change in EGY stock from 2/28/2026 to 9/20/2026 was primarily driven by a 19.7% change in the company's P/S Multiple.
(LTM values as of)22820269202026Change
Stock Price ($)5.046.0620.2%
Change Contribution By: 
Total Revenues ($ Mil)3903930.7%
P/S Multiple1.31.619.7%
Shares Outstanding (Mil)104105-0.2%
Cumulative Contribution20.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
EGY20.2% 
Market (SPY)11.6%-28.0%
Sector (XLE)15.8%62.5%

Fundamental Drivers

The 64.4% change in EGY stock from 8/31/2025 to 9/20/2026 was primarily driven by a 97.6% change in the company's P/S Multiple.
(LTM values as of)83120259202026Change
Stock Price ($)3.696.0664.4%
Change Contribution By: 
Total Revenues ($ Mil)469393-16.3%
P/S Multiple0.81.697.6%
Shares Outstanding (Mil)104105-0.6%
Cumulative Contribution64.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
EGY64.4% 
Market (SPY)19.4%-8.4%
Sector (XLE)45.7%63.2%

Fundamental Drivers

The 72.2% change in EGY stock from 8/31/2023 to 9/20/2026 was primarily driven by a 63.0% change in the company's P/S Multiple.
(LTM values as of)83120239202026Change
Stock Price ($)3.526.0672.2%
Change Contribution By: 
Total Revenues ($ Mil)3803933.2%
P/S Multiple1.01.663.0%
Shares Outstanding (Mil)1071052.3%
Cumulative Contribution72.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
EGY72.2% 
Market (SPY)75.6%22.3%
Sector (XLE)58.1%65.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
EGY Return81%45%4%2%-11%77%344%
Peers Return69%77%-5%-36%-18%109%212%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
EGY Win Rate67%58%50%33%42%78% 
Peers Win Rate65%64%36%28%50%63% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
EGY Max Drawdown-39%-54%-28%-41%-34%-25% 
Peers Max Drawdown-39%-42%-31%-48%-54%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KOS, MUR, APA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

How Low Can It Go

EventEGYS&P 500
2025 US Tariff Shock
  % Loss-29.4%-18.8%
  % Gain to Breakeven41.7%23.1%
  Time to Breakeven161 days79 days
2023 SVB Regional Banking Crisis
  % Loss-19.7%-6.7%
  % Gain to Breakeven24.5%7.1%
  Time to Breakeven44 days31 days
2020 COVID-19 Crash
  % Loss-67.0%-33.7%
  % Gain to Breakeven203.1%50.9%
  Time to Breakeven295 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-56.1%-19.2%
  % Gain to Breakeven127.9%23.8%
  Time to Breakeven772 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-25.2%-3.7%
  % Gain to Breakeven33.7%3.9%
  Time to Breakeven27 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.7%-12.2%
  % Gain to Breakeven42.3%13.9%
  Time to Breakeven781 days62 days

Compare to KOS, MUR, APA

In The Past

VAALCO Energy's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventEGYS&P 500
2025 US Tariff Shock
  % Loss-29.4%-18.8%
  % Gain to Breakeven41.7%23.1%
  Time to Breakeven161 days79 days
2020 COVID-19 Crash
  % Loss-67.0%-33.7%
  % Gain to Breakeven203.1%50.9%
  Time to Breakeven295 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-56.1%-19.2%
  % Gain to Breakeven127.9%23.8%
  Time to Breakeven772 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-25.2%-3.7%
  % Gain to Breakeven33.7%3.9%
  Time to Breakeven27 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.7%-12.2%
  % Gain to Breakeven42.3%13.9%
  Time to Breakeven781 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-34.6%-17.9%
  % Gain to Breakeven52.9%21.8%
  Time to Breakeven24 days123 days
2008-2009 Global Financial Crisis
  % Loss-21.3%-53.4%
  % Gain to Breakeven27.0%114.4%
  Time to Breakeven4 days1085 days
Summer 2007 Credit Crunch
  % Loss-27.3%-8.6%
  % Gain to Breakeven37.5%9.5%
  Time to Breakeven69 days47 days

Compare to KOS, MUR, APA

In The Past

VAALCO Energy's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About VAALCO Energy (EGY)

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VAALCO Energy, Inc. (EGY) is an independent energy company primarily engaged in the upstream segment of the oil and gas industry. Its core business revolves around the acquisition, exploration, development, and production of crude oil and natural gas resources. Essentially, VAALCO's operations are focused on finding hydrocarbon deposits, extracting them from the earth, and bringing them to market.

The company's main products are crude oil and, to a lesser extent, natural gas. VAALCO's operational footprint is concentrated offshore West Africa, with its flagship asset being the Etame Marin block in the Republic of Gabon, where it actively produces crude oil. The company also holds interests in an undeveloped block offshore Equatorial Guinea, representing future growth potential. VAALCO's primary customers are purchasers in the global energy market, including refiners and other commodity traders, who acquire the crude oil and natural gas for further processing and distribution.

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AI Analysis | Feedback

Here are 1-3 brief analogies to describe VAALCO Energy (EGY):

  • A regional ConocoPhillips, specializing in West African offshore oil.
  • A boutique Chevron focused on West African offshore oil production.
  • An independent oil producer, like a micro-ExxonMobil focused solely on offshore West Africa.

AI Analysis | Feedback

  • Crude Oil Production: Extraction and sale of crude oil from its offshore oil fields in West Africa.
  • Natural Gas Production: Extraction and sale of natural gas, often associated with crude oil production, from its operational blocks.
  • Oil and Gas Exploration: Activities involved in identifying and assessing potential new crude oil and natural gas reserves.
  • Oil and Gas Development: Processes for planning, constructing, and managing infrastructure to bring discovered crude oil and natural gas reserves into production.

AI Analysis | Feedback

VAALCO Energy (EGY) is an independent energy company focused on crude oil and natural gas exploration and production. As such, it sells its crude oil production to other companies, primarily international commodity traders.

According to VAALCO Energy's latest financial filings, its major customers, each representing 10% or more of its total revenues, include:

  • Glencore Energy UK Ltd. (a subsidiary of Glencore plc, which trades under the symbol GLEN on the London Stock Exchange)
  • Vitol SA (a privately held company)

AI Analysis | Feedback

  • MPF Corporation Limited
  • Vantage Drilling International (VTGDF)

AI Analysis | Feedback

George Maxwell, Chief Executive Officer and Director

Mr. Maxwell has over 25 years of experience in the oil and gas industry. He founded Eland Oil & Gas Plc. in 2009, serving as its Chief Executive Officer from September 2014 to December 2019, Chief Financial Officer from 2010 to 2014, and as a board member from 2009 to 2019. Eland Oil & Gas Plc. was acquired by Seplat Petroleum Development Company Plc. in December 2019. Prior to founding Eland, he was business development manager and commercial manager for Addax Petroleum. He also worked with ABB Oil & Gas as Vice President of Finance.

Ronald Bain, Chief Financial Officer

Mr. Bain joined VAALCO in June 2021 and has over 25 years of oil industry experience, including capital markets and statutory reporting, taxation, and compliance in numerous African countries. Prior to VAALCO, he served as Finance Director of Boskalis Subsea Services and was Chief Financial Officer and a board member of Eland Oil & Gas Plc from July 2017 until its acquisition by Seplat Petroleum Development Plc in December 2019. He worked closely with George Maxwell at Eland Oil & Gas.

Thor Pruckl, Chief Operating Officer

Mr. Pruckl joined Vaalco in 2019 as Executive Vice President of International Operations, overseeing the company's activities in West Africa. He brings over 40 years of domestic and international experience in upstream and midstream operations across onshore and offshore environments, covering the full project lifecycle from seismic exploration to drilling and production.

Edward Cozens, VP, Commercial and Strategic Planning

Mr. Cozens joined Vaalco Energy in November 2021 and has over fifteen years of experience in the energy industry. Prior to Vaalco, he served as General Manager, Commercial at Eland Oil & Gas, where he oversaw the commercial, economics, and corporate finance teams, and played a key role in the company's growth until its acquisition by Seplat Petroleum Development Company in 2019.

Lynn Willis, Chief Accounting Officer and Controller

Ms. Willis has served as VAALCO's Chief Accounting Officer and Controller since April 10, 2024. She has over 30 years of diversified accounting and finance experience in the oil and gas industry, including with international and emerging companies, as well as public accounting experience. Before joining the Company, Ms. Willis served as an independent consultant from April 2020 to October 2023, providing accounting and financial reporting assistance to various energy companies.

AI Analysis | Feedback

The key risks to VAALCO Energy's business are primarily associated with the inherent nature of crude oil and natural gas exploration and production, its concentrated geographic operations in West Africa, and the successful execution of capital-intensive projects.

  1. Commodity Price Volatility: As an independent energy company, VAALCO Energy's revenues and cash flows are highly sensitive to fluctuations in global crude oil and natural gas prices. A significant, sustained drop in commodity prices could severely impact unhedged volumes and overall revenue, affecting profitability and financial stability.
  2. Geopolitical and Operational Risks in West Africa: VAALCO Energy's production is predominantly tied to its assets in African countries, including Gabon, Egypt, Equatorial Guinea, and Côte d'Ivoire. This geographic concentration exposes the company to significant geopolitical risks, such as political instability, regulatory changes, and potential shifts in government policies towards foreign companies exploiting resources. Operational challenges are also present, as demonstrated by mixed drilling results where exploration wells encountered water-bearing sands, leading to the abandonment of certain sections.
  3. Project Execution and Capital Expenditure Risk: The company's growth strategy and future production hinge on the successful execution of large-scale, capital-intensive projects, such as drilling campaigns and infrastructure rebuilds (e.g., the Baobab FPSO refurbishment in Côte d'Ivoire). There is a risk of project delays, cost overruns, or technical challenges, which could impact projected revenues and margins. Increased cost estimates for projects, and the need for significant capital expenditure, pose a financial risk and can affect profitability sustainability.

AI Analysis | Feedback

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AI Analysis | Feedback

VAALCO Energy's main products are crude oil and natural gas. The addressable markets for these products can be assessed both globally and within their primary region of operation, West Africa. The global addressable market for crude oil was valued at approximately US$2.6 trillion in 2024. For natural gas, the global liquefied natural gas (LNG) market, a significant segment for internationally traded natural gas, was valued at USD 122.60 billion in 2024 and is projected to reach USD 226.97 billion by 2030. Global natural gas consumption reached 4,122 billion cubic meters in 2024. In the West African region, the overall oil and gas market is estimated to be approximately US$80 billion in 2025. The West Africa Oil & Gas Upstream Market, specifically, had a market size of USD 90.74 billion in 2025. This regional market is projected to experience a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.

AI Analysis | Feedback

VAALCO Energy (EGY) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily centered around increasing production volumes through drilling, strategic acquisitions, and the development of new and existing fields across its West African and Egyptian operations.

Here are the expected drivers of future revenue growth:

  1. Increased Production from Ongoing Drilling Campaigns in Gabon and Egypt: VAALCO Energy is actively engaged in drilling programs across its key operational areas. In Gabon, a five-well drilling campaign commenced in December 2025, with development wells, such as Etame 15H-ST, successfully brought online in January 2026, contributing to increased production. Similarly, in Egypt, a drilling campaign initiated in December 2024 and concluded in Q4 2025, including successful development wells and an exploration well that opened a new development area. These sustained drilling efforts are expected to continue yielding production uplifts in both regions through 2026 and 2027.
  2. Enhanced Production and Development from the Côte d'Ivoire Assets: The acquisition of Svenska Petroleum Exploration AB in April 2024 significantly diversified VAALCO's portfolio by adding interests in Côte d'Ivoire, including the producing Baobab field and the substantial Kossipo discovery on Block CI-40. The company quickly realized a 1.8x payback on its initial investment in Côte d'Ivoire by year-end 2024. VAALCO has secured operatorship of the Kossipo field and plans to complete a field development plan in the second half of 2026. A drilling program on the Baobab field is also anticipated to commence as soon as the Floating, Storage, and Offloading (FPSO) vessel returns to station in Q2 2026.
  3. Restart of Production at the Baobab Field in Côte d'Ivoire: A significant driver for 2026 revenue is the successful restart of production from the Baobab field. Production from Côte d'Ivoire was temporarily offline in Q1 2025 due to an FPSO project. The FPSO is projected to be back in the field, with production restored by the second half of 2026, potentially as early as the end of May. This resumption of production is a critical factor for the company's performance in the coming year.
  4. Future Development of Discoveries in Equatorial Guinea: VAALCO Energy holds interests in an undeveloped block offshore Equatorial Guinea, which includes the Venus and Europa discoveries on Block P. The company has completed a FEED (Front-End Engineering Design) study, confirming the technical viability of its development plan for these discoveries. A final investment decision and potential drilling are anticipated post-2026, with target identification for a drill program around 2027, indicating future growth potential beyond the immediate 2-3 year horizon but laying the groundwork for it.

AI Analysis | Feedback

Share Repurchases

  • VAALCO Energy announced a share buyback program of up to $30 million in November 2022, which was completed in Q1 2024.
  • The company has returned over $115 million to shareholders through dividends and share buybacks since Q4 2021.

Share Issuance

  • In October 2022, approximately 49.3 million VAALCO shares were issued to TransGlobe shareholders as part of a stock-for-stock business combination.

Outbound Investments

  • In July 2022, VAALCO Energy entered into an agreement to acquire TransGlobe Energy Corporation in a stock-for-stock transaction valued at approximately $307 million, which closed in October 2022.
  • VAALCO diversified its portfolio by acquiring a 27.4% non-operated working interest in Block CI-40 offshore Côte d'Ivoire in 2024, followed by a 70% working interest and operatorship in the CI-705 block offshore Côte d'Ivoire in 2025.
  • In February 2026, VAALCO agreed to divest all its producing properties in Canada for approximately $25.5 million.

Capital Expenditures

  • Full-year 2025 capital expenditures were $236 million, with 59% allocated to Côte d'Ivoire, 26% to Gabon, and 12% to Egypt.
  • For 2026, VAALCO has set a capital budget ranging from $290 million to $360 million, primarily focused on Gabon (35-40%) and Côte d'Ivoire (55-60%), for drilling campaigns and FPSO hookup.
  • The company invested over $100 million in developmental capital expenditures, including initiating a 5-well drilling campaign in Gabon in December 2025 and preparing for a Phase 5 drilling campaign in Côte d'Ivoire in 2026.

Better Bets vs. VAALCO Energy (EGY)

Peer Outperformance in Oil & Gas Exploration & Production

EGY has outperformed 86% of its 50 Oil & Gas Exploration & Production peers over 5Y. Among the peers that beat it is CNQ. Oil & Gas Exploration & Production ranks 7th of 7 industries in Energy by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Oil & Gas Exploration & Production constituents that EGY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
69%
of 59 industry peers · 54.1% return
3Y
91%
of 56 industry peers · 66.9% return
5Y
86%
of 50 industry peers · 210.1% return
Oil & Gas Exploration & Production peers with revenue growth within 4pp of EGY's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
EGY VAALCO Energy 3.6% -5.8x 54.1%66.9%210.1%
CNQ Canadian Natural Resources 7.2% 8.8x 63.8%85.1%290.8% +81pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Exploration & Production is EGY's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 127.9%120.7%484.3% PBF 748% · MPC 721% · VLO 662%
Integrated Oil & Gas 7 41.9%57.3%263.3% IMO 435% · SU 355% · CVE 340%
Oil & Gas Storage & Transportation 18 33.9%116.5%212.0% INSW 1041% · LPG 981% · TRGP 626%
Oil & Gas Equipment & Services 34 49.6%21.9%117.8% SEI 1073% · FTI 1002% · TDW 700%
Coal & Consumable Fuels 14 -10.0%33.0%94.7% EU 799% · CCJ 340% · CNR 327%
Oil & Gas Drilling 7 66.4%3.8%94.3% PDS 169% · VAL 166% · NE 99%
Oil & Gas Exploration & Production ← 51 28.9%15.1%93.5% KGEI 10187% · OBE 7421% · EP 2332%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

EGYKOSMURAPAMedian
NameVAALCO E.Kosmos E.Murphy O.APA  
Mkt Price6.062.7337.3944.8721.73
Mkt Cap0.61.65.415.83.5
Rev LTM3931,5842,9938,8062,288
Op Inc LTM321456953,640420
FCF LTM-134-163062,102145
FCF 3Y Avg-25-975661,399270
CFO LTM1962891,5664,528928
CFO 3Y Avg1695461,6514,0731,098

Growth & Margins

EGYKOSMURAPAMedian
NameVAALCO E.Kosmos E.Murphy O.APA  
Rev Chg LTM-16.3%6.4%7.7%-12.4%-3.0%
Rev Chg 3Y Avg3.6%0.4%-7.1%-0.8%-0.2%
Rev Chg Q83.6%54.7%35.6%9.0%45.1%
QoQ Delta Rev Chg LTM26.0%15.7%8.8%2.3%12.3%
Op Inc Chg LTM-74.2%156.9%25.3%15.5%20.4%
Op Inc Chg 3Y Avg-17.0%26.0%-17.0%-0.3%-8.6%
Op Mgn LTM8.3%9.2%23.2%41.3%16.2%
Op Mgn 3Y Avg22.8%18.9%24.0%36.6%23.4%
QoQ Delta Op Mgn LTM6.5%21.2%8.0%6.6%7.3%
CFO/Rev LTM50.0%18.3%52.3%51.4%50.7%
CFO/Rev 3Y Avg37.5%31.2%54.0%43.9%40.7%
FCF/Rev LTM-34.1%-1.0%10.2%23.9%4.6%
FCF/Rev 3Y Avg-7.8%-6.3%18.1%15.1%4.4%

Valuation

EGYKOSMURAPAMedian
NameVAALCO E.Kosmos E.Murphy O.APA  
Mkt Cap0.61.65.415.83.5
P/S1.61.01.81.81.7
P/Op Inc19.511.17.74.49.4
P/EBIT-7.3-9.09.14.7-1.3
P/E-5.8-3.018.29.43.2
P/CFO3.25.63.43.53.5
Total Yield-13.0%-33.5%9.1%12.8%-1.9%
Dividend Yield4.2%0.0%3.6%2.2%2.9%
FCF Yield 3Y Avg-6.1%-10.7%11.9%15.6%2.9%
D/E0.41.70.40.20.4
Net D/E0.41.60.30.20.3

Returns

EGYKOSMURAPAMedian
NameVAALCO E.Kosmos E.Murphy O.APA  
1M Rtn2.0%-7.8%-0.1%3.4%1.0%
3M Rtn9.7%11.4%10.2%36.8%10.8%
6M Rtn-1.0%-3.9%-1.6%16.3%-1.3%
12M Rtn54.1%61.5%46.6%97.8%57.8%
3Y Rtn66.9%-61.3%-3.4%25.3%11.0%
1M Excs Rtn4.0%-2.4%2.2%4.0%3.1%
3M Excs Rtn7.7%9.4%8.2%34.8%8.8%
6M Excs Rtn-15.0%-24.2%-15.8%3.7%-15.4%
12M Excs Rtn35.6%37.5%28.7%76.3%36.5%
3Y Excs Rtn-3.9%-133.4%-79.4%-51.8%-65.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment359479455354199
Total359479455354199


Operating Income by Segment
$ Mil20152014201320122011
Equatorial Guinea-1-2-1-1 
United States-4-0-12 -8
Corporate and Other-10-7-6-8-9
Angola-40-4-3-3-6
Gabon-87-4299148156
North Sea   -0-0
USA   -49 
Total-144-547787133


Assets by Segment
$ Mil20152014201320122011
Gabon99193256191185
Angola1022121121
Equatorial Guinea10101010 
Corporate and Other317203946
United States1710 22
USA   17 
Total124249308268275


Price Behavior

Price Behavior
Market Price$6.06 
Market Cap ($ Bil)0.6 
First Trading Date01/29/1993 
Distance from 52W High-7.2% 
   50 Days200 Days
DMA Price$5.67$5.18
DMA Trendupup
Distance from DMA6.9%17.0%
 3M1YR
Volatility42.1%45.7%
Downside Capture-102.37-89.11
Upside Capture-41.66-22.54
Correlation (SPY)-10.1%-9.0%
EGY Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.69-1.08-0.14-1.03-0.320.68
Up Beta-1.170.92-0.06-1.56-0.850.74
Down Beta1.67-0.610.610.100.911.37
Up Capture32%-92%-11%-55%-13%11%
Bmk +ve Days10213268138427
Stock +ve Days9203162122350
Down Capture-281%-404%-100%-255%-193%41%
Bmk -ve Days11213259113324
Stock -ve Days10203161119361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGY
EGY51.8%45.6%1.04-
Sector ETF (XLE)46.5%21.8%1.6662.5%
Equity (SPY)16.9%12.9%0.94-9.0%
Gold (GLD)19.1%29.3%0.605.5%
Commodities (DBC)46.3%20.6%1.7358.0%
Real Estate (VNQ)4.9%13.6%0.10-11.0%
Bitcoin (BTCUSD)-30.6%44.3%-0.7015.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGY
EGY25.2%55.8%0.61-
Sector ETF (XLE)26.3%25.7%0.8967.7%
Equity (SPY)12.9%17.2%0.5727.0%
Gold (GLD)19.1%18.8%0.8313.0%
Commodities (DBC)11.2%19.5%0.4553.1%
Real Estate (VNQ)1.1%18.8%-0.0517.5%
Bitcoin (BTCUSD)12.5%52.5%0.4213.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGY
EGY22.2%64.8%0.58-
Sector ETF (XLE)10.3%29.6%0.3851.6%
Equity (SPY)15.1%18.0%0.7229.3%
Gold (GLD)12.1%16.4%0.616.0%
Commodities (DBC)8.3%18.1%0.3744.5%
Real Estate (VNQ)4.4%20.7%0.1820.9%
Bitcoin (BTCUSD)62.6%66.2%1.028.3%

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Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity8.2 Mil
Short Interest: % Change Since 81520260.6%
Average Daily Volume1.3 Mil
Days-to-Cover Short Interest6.5 days
Basic Shares Quantity104.5 Mil
Short % of Basic Shares7.8%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20267.6%9.1%17.5%
5/7/2026-6.2%0.5%-6.4%
3/12/2026-4.4%8.9%4.1%
1/15/20265.8%13.9%18.2%
11/10/2025-4.0%-6.6%-9.3%
8/8/2025-4.0%-1.3%4.6%
5/9/2025-0.3%2.3%5.5%
3/14/2025-6.2%-9.9%-23.3%
...
SUMMARY STATS   
# Positive151514
# Negative151516
Median Positive5.8%6.9%15.3%
Median Negative-4.0%-6.4%-8.1%
Max Positive19.7%37.4%57.2%
Max Negative-9.0%-18.6%-40.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20267.6%9.1%17.5%
5/7/2026-6.2%0.5%-6.4%
3/12/2026-4.4%8.9%4.1%
1/15/20265.8%13.9%18.2%
11/10/2025-4.0%-6.6%-9.3%
8/8/2025-4.0%-1.3%4.6%
5/9/2025-0.3%2.3%5.5%
3/14/2025-6.2%-9.9%-23.3%
1/21/20250.2%-6.4%-1.5%
11/12/2024-1.8%-2.9%-8.5%
8/7/20248.4%6.9%-4.6%
5/7/2024-4.1%-1.6%-4.6%
3/14/202419.7%37.4%57.2%
1/17/20240.2%2.3%3.3%
11/8/20230.0%7.5%17.0%
8/9/20238.4%8.2%-1.2%
5/10/2023-2.6%0.0%7.9%
2/14/20230.8%-10.9%-11.7%
12/9/20225.3%3.4%6.8%
10/19/2022-0.2%-3.9%-1.1%
8/10/20220.8%-2.7%-7.7%
6/21/2022-9.0%-6.0%-40.5%
5/4/2022-4.8%-12.0%25.7%
3/10/2022-3.2%-14.2%13.6%
11/3/202115.1%17.3%-9.6%
8/12/2021-3.4%-18.6%-4.6%
5/13/20216.0%5.6%29.9%
3/11/20213.3%-11.1%-26.2%
12/7/2020-1.9%0.0%25.2%
10/1/202012.0%-1.0%-14.0%
SUMMARY STATS   
# Positive151514
# Negative151516
Median Positive5.8%6.9%15.3%
Median Negative-4.0%-6.4%-8.1%
Max Positive19.7%37.4%57.2%
Max Negative-9.0%-18.6%-40.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/08/202410-Q
12/31/202303/15/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202204/06/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/08/202410-Q
12/31/202303/15/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202204/06/202310-K
09/30/202211/08/202210-Q
06/30/202208/10/202210-Q
03/31/202205/03/202210-Q
12/31/202103/11/202210-K
09/30/202111/03/202110-Q
06/30/202108/11/202110-Q
03/31/202105/12/202110-Q
12/31/202003/09/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/11/202010-Q
12/31/201903/10/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 8/7/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Production (BOEPD) WIReported24,40025,65026,90013.0% Higher NewGuidance: 22,700 for Q2 2026
Q3 2026 Production (BOEPD) NRIReported19,60020,60021,60016.1% Higher NewGuidance: 17,750 for Q2 2026
Q3 2026 CAPEX Excluding AcquisitionsReported75.00 Mil95.00 Mil115.00 Mil-20.8% Lower NewGuidance: 120.00 Mil for Q2 2026
2026 Production (BOEPD) WIReported22,30023,57524,8501.3% RaisedGuidance: 23,275 for 2026
2026 Production (BOEPD) NRIReported17,50018,45019,4000.1% RaisedGuidance: 18,425 for 2026
2026 CAPEX Excluding AcquisitionsReported290.00 Mil325.00 Mil360.00 Mil0 AffirmedGuidance: 325.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Production (BOEPD) WIReported21,60022,70023,800   
Q2 2026 Production (BOEPD) NRIReported16,80017,75018,700   
Q2 2026 Sales Volume (BOEPD) NRIReported16,80017,55018,300   
Q2 2026 CAPEX Excluding Acquisitions (millions)Reported110.00 Mil120.00 Mil130.00 Mil20.0% Higher NewGuidance: 100.00 Mil for Q1 2026
2026 Production (BOEPD) WIReported22,05023,27524,500   
2026 Production (BOEPD) NRIReported17,40018,42519,450   
2026 Production Expense (millions)Reported150.50 Mil164.25 Mil178.00 Mil   
2026 Sales Volume (BOEPD) WIReported21,35023,17525,000   
2026 Sales Volume (BOEPD) NRIReported16,80018,37519,950   
2026 CAPEX Excluding Acquisitions (millions)Reported290.00 Mil325.00 Mil360.00 Mil0 AffirmedGuidance: 325.00 Mil for 2026

Q4 2025 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 CAPEX Excluding AcquisitionsReported90.00 Mil100.00 Mil110.00 Mil   
2026 CAPEX Excluding AcquisitionsReported290.00 Mil325.00 Mil360.00 Mil   

Q4 2025 Earnings Reported 1/15/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 ProductionReported      
Q2 2026 ProductionReported      
Core Cache Last Updated: 9/20/2026