EPM
Evolution Petroleum Corporation3.7600
-0.0800-2.08%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Minerals detail decline, ramp wins
Q&A shed light on minerals' decline benefits, with Kelly noting free inventory from SCOOPSTACK and Haynesville-Bossier acquisitions will meaningfully lower Evolution's overall rate as locations develop cost-free. Haynesville assets, closed late, promise quick Q3/Q4 ramp via PDP and DUCs, though Ryan stressed cash flow impact outshines volumes. Delhi stays profitable sans third-party CO2 despite compressor woes, per Mark, but production quantification lags. TexMix LOE eyes $1/BOE post-workovers adding 80 bopd; debt targets 1x net long-term yet favors accretive buys. Free inventory crushes declines. Management affirmed upbeat pipeline tone; watch acquisition pace.
Key Stats
Market Cap
130.44MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0.13%Recent Filings
10-Q
Q2 FY2026 results
Evolution Petroleum flipped to $0.7M operating income in Q2 FY2026 ended December 31, 2025, from a $0.6M loss y/y, while YTD operating income dipped to $0.6M from $1.2M amid flat $42M revenues as natural gas gains offset oil declines. Production rose 6% q/q and 2% y/y to 7,380 BOEPD, fueled by August's $16.3M SCOOP/STACK minerals buy (0.6% royalty on 5,500 acres, $11.7M to proved properties) and April's TexMex deal. Cash swelled to $3.8M with $13.2M operating cash flow, funding $8.4M dividends; debt climbed to $54.5M (6.88% rate) under $65M base with $9.7M availability, covenants met. Derivatives delivered $2.2M q/q gain. Steady dividends shine. Third-party operators limit control.
8-K
ATM equity sales agreement
Evolution Petroleum inked an at-the-market sales pact on February 11, 2026, with Roth Capital, Northland, and AGP to offload up to $30 million in common stock opportunistically. Agents snag a 3% commission on gross proceeds; no sales obligation binds the company. Flexible funding secured. Expenses capped at $50,000 upfront, $7,500 quarterly.
8-K
Q2 profit surge, dividend declared
Evolution Petroleum posted Q2 fiscal 2026 net income of $1.1 million, swinging from a $1.8 million loss last year, fueled by 6% production growth to 7,380 BOEPD and 41% Adjusted EBITDA jump to $8.0 million on higher natural gas prices. Board declared the 15th straight $0.12/share dividend, payable March 31 to March 16 record holders—50th consecutive payout. Recent Haynesville acquisitions boost cash flow.
8-K
Annual meeting results strong
Evolution Petroleum held its 2025 Annual Meeting on December 4, 2025, with 79% quorum. Stockholders elected six directors—Bierria topping votes at 96.0%—ratified Baker Tilly as auditors (98.9%), approved exec pay (90.0%), and favored annual say-on-pay votes. Board continuity intact. High turnout signals strong governance support.
10-Q
Q1 FY2026 results
Evolution Petroleum posted Q1 FY2026 revenues of $21.3M, down 2.8% y/y from $21.9M yet flat on stronger natural gas offsetting lower oil prices and slight volume dips to 7,315 BOEPD. Operating income flipped to a $0.1M loss from $1.9M y/y, driven by lease operating costs climbing 11% y/y to $13.1M, while net income held at $0.8M or $0.02 diluted EPS versus $2.1M y/y; EPS reconciles to 34M shares. Cash from operations ticked up to $7.8M; free cash flow not disclosed in the 10-Q. Debt rose to $53M after $16.9M cash Minerals Acquisition in Aug 2025 (SCOOP/STACK royalties, $11.1M proved/$5.8M unproved properties), with $11.2M revolver capacity on $65M base. Steady $0.12/share dividend paid. Commodity prices stay volatile.
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