Evolution Petroleum Corporation - EPM STOCK NEWS

Evolution Petroleum Corporation (EPM) announced participation in a fireside chat with Water Tower Research to discuss capital allocation options, Permian horizontal development program results, and SCOOP/STACK acquisitions. The company is pleased with drilling results in Chaveroo and SCOOP/STACK, confirming its strategy of low-risk development and targeted acquisitions.

Evolution Petroleum Corporation (EPM) announced its financial and operating results for its fiscal second quarter ended December 31, 2023. The company reported revenue of $21.0 million and net income of $1.1 million for the quarter. It also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 third quarter. Evolution has added scale and economic efficiency, diversification of products and markets, and investment flexibility while maintaining a strong balance sheet. The company has returned approximately $110.4 million, or $3.33 per share, back to stockholders in common stock dividends since December 31, 2013. Evolution has demonstrated a track record of action, adding 6 significant transactions, putting over $119 million to work for shareholders, and increasing production three-fold. The company has maintained significant liquidity and balance sheet strength throughout the second quarter of fiscal 2024, with $50 million available borrowing capacity under the senior secured credit facility. Evolution has paid its 41st consecutive quarterly dividend in December and announced the 42nd consecutive dividend at the same $0.12 per share on March 28th. The SCOOP/STACK acquisition is expected to contribute to operating results beginning in the middle of the third fiscal quarter ending March 31st following the closing.

Evolution Petroleum Corporation (NYSE American: EPM) announced the release of its fiscal second quarter 2024 financial and operating results on February 6, 2024, with a review scheduled for February 7, 2024. The review will be led by the President, CEO, CFO, COO, and CAO. The conference call and webcast will be accessible through specific dial-in details and a webcast link, with a replay available until February 7, 2025.

Evolution Petroleum Corporation (NYSE American: EPM) has announced the acquisition of non-operated oil and natural gas assets in central Oklahoma for $43.5 million. The assets include 230 producing wells with a production of approximately 1,550 barrels of oil equivalent per day and significant upside potential. The acquisitions are expected to be self-funding and highly accretive to key valuation metrics. The company aims to generate significant free cash flow and extend dividend capacity.

Evolution Petroleum Corporation (NYSE American: EPM) Announces Fiscal Q1 Results and $0.12 Quarterly Dividend

Evolution Petroleum Corporation (NYSE American: EPM) plans to release its fiscal first quarter 2024 financial and operating results on Tuesday, November 7, 2023, after the market closes. The results will be reviewed on a conference call at 10:00 a.m. Central Time on Wednesday, November 8, 2023.

Evolution Petroleum Corporation to participate in fireside chat with Water Tower Research

Evolution Petroleum to participate in Northland Capital Markets Institutional Investor Conference on September 19, 2023.

Evolution Petroleum and PEDEVCO enter into a partnership to develop the Chaveroo oilfield in New Mexico, potentially unlocking significant value from the field. Evolution will farm-in for a 50% working interest in future drilling locations. The partnership diversifies Evolution's oil exposure and allows PEDEVCO to allocate capital to other growth initiatives. The strategic partnership increases both parties' ability to pursue organic development and M&A activities.