VAALCO Energy Inc. reported its financial and operational results for the second quarter of 2025. The company achieved a net income of $8.4 million, equating to $0.08 per diluted share. Adjusted EBITDAX was reported at $49.9 million. The company produced 16,956 net revenue interest (NRI) barrels of oil equivalent per day (BOEPD), exceeding the high end of guidance, and 21,654 working interest (WI) BOEPD, reaching the high end of guidance. The company's sales totaled 19,393 NRI BOEPD, surpassing the high end of guidance. Despite a decrease in the average realized price to $54.87 per barrel in Q2 2025 from $64.27 per barrel in Q1 2025, total commodity sales amounted to $96.9 million, a 17% decline from the previous quarter. VAALCO reported a net cash position of $7.9 million, excluding approximately $24.0 million of cash receivables collected in July 2025. The company reiterated its full-year guidance, maintaining a reduction in capital expenditures by approximately 10% without affecting full-year production or sales guidance. Additionally, VAALCO announced a quarterly cash dividend of $0.0625 per share of common stock to be paid on September 19, 2025. The company continues to advance its FPSO refurbishment project in Côte d'Ivoire and is preparing for a drilling campaign in 2026.