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Valeura Energy (VLE) investor relations material
Valeura Energy Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 production averaged 22,128 bbl/d, above expectations; full-year output is expected above the revised guidance midpoint despite the Wassana shutdown.
Realized pricing of $97.4/bbl lifted Q3 revenue 26% YoY to $196.1m, net income 62% to $25.6m and adjusted EBITDAX 43% to $115.8m.
Cash and cash equivalents were $384.9m, including restricted cash, with no debt; Q3 adjusted operating cash flow was $93.6m.
Suraphi discovery, Bussabong FID and accelerated Wassana redevelopment advanced organic growth plans.
Financial highlights
Q3 profit before tax was $48.7m, up 106% YoY; 9M oil revenue was $548.1m, up 27%, and net income was $84.7m, up 140%.
Q3 adjusted cash flow from operations was $93.6m, up 27% YoY; 9M operating cash flow was $294.1m versus $156.2m.
Q3 free cash flow was $50.3m versus $24.2m in Q3 2025; adjusted capex was $40.9m.
9M adjusted EBITDAX was $320.3m, up 39% YoY; 9M adjusted capex was $150.7m.
Outlook and guidance
FY2026 production guidance is 20,000–22,000 bbl/d; 9M average production was 22,254 bbl/d, with full-year output expected above the guidance midpoint.
November guidance sets adjusted opex at $225–235m and adjusted capex, including exploration spend, at $220–235m; projects remain on budget.
Wassana shutdown is scheduled to begin in mid-November for ~two months; drilling is planned for late Q4 2026.
First Bussabong gas production is anticipated near year-end 2028; Suraphi development or appraisal decision is expected by year-end 2026.
Adjusted opex and capex spending is expected to be funded from ongoing cash flow.
- Wassana targets 10,000 bbl/d by mid-2027 as reserves, cash flow and M&A capacity grow.VLE
Oil & Gas Virtual Investor Conference - Strong cash flow and reserve growth underpin a multi-asset development and exploration program.VLE
Corporate presentation - Record reserves growth and cash generation underpin 2024 field expansion plans.VLE
Q4 2023 - Strong cash flow and disciplined growth drive expansion and high margins in Southeast Asia.VLE
EnerCom Denver – The Energy Investment Conference - Production, cash flow, and reserves are growing, with major projects and M&A opportunities ahead.VLE
Corporate presentation - Record Q2 2026: revenue doubled, cash flow surged, and major projects advanced ahead of schedule.VLE
Q2 2026 - Strong cash flow and growth driven by Thai offshore assets, with major expansions underway.VLE
Small Cap Growth Virtual Investor Conference - Q1 2026 revenue reached US$92.3M, net cash was US$261.6M, and reserves surged.VLE
Q1 & AGM 2026 - Wassana redevelopment FID drives reserves, production, and strong cash flow growth.VLE
Q1 & AGM 2025
Next Valeura Energy earnings date
Next Valeura Energy earnings date
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