The independent energy producer revised its full-year net revenue interest output and sales outlook following Canadian divestitures and Cote d’Ivoire expansion.
VAALCO Energy raised its 2026 net revenue interest (NRI) production guidance by 8% and sales guidance by 12%, forecasting Q2 NRI output of 16,800–18,700 barrels of oil equivalent per day. The update follows the company’s February divestiture of all Canadian assets and acquisition of a 60% working interest in Cote d’Ivoire, where it now serves as operator.
Prior guidance was not disclosed in the update, but the revision reflects a strategic shift toward West African operations. The company’s Q1 2026 earnings call highlighted the asset reallocation as a driver of improved production efficiency and long-term growth potential.
No immediate market reaction was detailed in the source.