Evolution Petroleum Announces Public Offering of Common Stock

Evolution Petroleum (NYSE American: EPM) has commenced an underwritten public offering of common stock, with a planned 30‑day option for underwriters to buy additional shares.

Rhea-AI Summary

Evolution Petroleum (NYSE American: EPM) has commenced an underwritten public offering of common stock, with a planned 30‑day option for underwriters to buy additional shares. The offering’s size and final terms are not yet determined and remain subject to market and other conditions.

According to the company, net proceeds are intended to fund part of the purchase price for recently announced Permian Basin oil and natural gas mineral and royalty interests and for general corporate purposes, which may include repaying borrowings under its senior secured credit facility. Roth Capital Partners is acting as sole book‑running manager under an effective Form S‑3 shelf registration.

Positive

• Equity raise to help fund Permian Basin acquisition
• Proceeds may be used to reduce senior secured credit facility borrowings
• Accessing capital through an effective Form S‑3 shelf registration
• Underwritten offering with 30‑day option for additional shares

Negative

• Common stock offering implies potential dilution for existing shareholders
• Offering size, terms, and completion remain uncertain and subject to market conditions

News Explained

If shares are sold, Evolution Petroleum’s total share count would increase and existing holders’ percentage ownership would decrease; the release reports a commenced offering, not a completed sale.

Argus Aug 19 session 23 alerts

-12.79% close to close 261.9x rel. volume Open Argus

Details

News Market Reaction – EPM

-4.4% Trough in 2 hr 32 min

$122.29M Market Cap

On Aug 19, the first trading day after this news, EPM closed 12.79% below the previous close. Argus tracked a trough of -4.4% from its starting point during tracking. Our momentum scanner recorded 23 alerts for this stock that day. Relative volume reached 261.9x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 19 session.

Key Figures

Underwriter option: 30 days S-3 effective date: January 27, 2026

Underwriter option

30 days

Option to purchase additional common stock shares

S-3 effective date

January 27, 2026

Shelf registration statement effective upon SEC filing

Historical Context

3 past events · Latest: Jun 03

3 events

1. Jun 03

   Investor fireside chat

   24h Move

   +4.8%

   Management scheduled discussion of acquisitions, cash flow, assets, markets, and balance sheet management.

2. May 12

   Quarterly earnings report

   24h Move

   -12.1%

   Revenue declined and the company reported a larger loss despite maintaining its quarterly dividend.

3. Apr 30

   Earnings scheduling notice

   24h Move

   +0.8%

   The company scheduled fiscal third-quarter results and its associated conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten public offering, shelf registration statement, form s-3, prospectus supplement, +1 more

5 terms

underwritten public offering financial

"announced today that it has commenced an underwritten public offering"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

shelf registration statement regulatory

"made pursuant to an effective shelf registration statement on Form S-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"an effective shelf registration statement on Form S-3"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"only by means of a preliminary prospectus supplement"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

senior secured credit facility financial

"repayment of a portion of the outstanding borrowings under its senior secured credit facility"

A senior secured credit facility is a loan or revolving line of credit where lenders have first legal claim on specific company assets (collateral) and the debt ranks above other obligations for repayment. For investors it signals where a lender sits in the repayment pecking order and how much protection creditors have if the company struggles, affecting credit costs, the company’s ability to borrow more, and potential recoveries in a default — like a mortgage taking priority over other claims on a house.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the “Company”) announced today that it has commenced an underwritten public offering (the “Offering”) of shares of its common stock. In connection with the Offering, Evolution intends to grant the underwriters a 30-day option to purchase additional shares of common stock, less the underwriting discount and commissions. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Evolution intends to use the net proceeds from the Offering to fund a portion of the purchase price of its recently announced acquisition of oil and natural gas mineral and royalty interests located in the Permian Basin, and for general corporate purposes, which may include the repayment of a portion of the outstanding borrowings under its senior secured credit facility.

Roth Capital Partners is acting as sole book‑running manager for the Offering.

The Offering is being made pursuant to an effective shelf registration statement on Form S-3, which became effective upon filing with the Securities and Exchange Commission (the “SEC”) on January 27, 2026. The Offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov or by or by contacting the sole bookrunner at:

Roth Capital Partners
Attn: Prospectus Department
888 San Clemente Drive, Suite 400,
Newport Beach, CA 92660 
Phone: 800-678-9147
Email: rothecm@roth.com

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Visit www.evolutionpetroleum.com for more information.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements are based on current expectations and include any statement that is not a current or historical fact. Such statements include those relating to drilling locations and potential drilling activities; potential acquisitions; potential proved, probable and possible reserves; expected future operating or financial results; cash flow and anticipated liquidity; business strategy; future dividend policies, and other matters. These forward-looking statements may generally, but not always, be identified by words such as “may”, “expected”, “estimated”, “projected”, “potential”, “anticipated”, “forecasted” or other words indicating future events or outcomes. Although we believe the expectations and forecasts reflected in forward-looking statements are reasonable, we can give no assurance they will prove to be correct. These statements are based on current plans and assumptions and are subject to a number of risks and uncertainties as further outlined in the prospectus supplement and accompanying base prospectus for this offering, as well as in our Forms 10-K and 10-Q and other filings with SEC. Therefore, actual results may differ materially from the expectations, estimates or assumptions expressed in or implied by any forward-looking statement, and we caution readers not to place undue reliance on forward looking statements, which speak only as of the date of this presentation. We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this release.

Contact
Investor Relations
(713) 935-0122
ir@evolutionpetroleum.com

This press release was published by a CLEAR® Verified individual.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Evolution Petroleum (EPM) announce on August 18, 2026 regarding its stock?

Evolution Petroleum announced it has commenced an underwritten public offering of its common stock. According to the company, the offering’s size and final terms are not yet set and completion remains subject to market and other conditions.

How will Evolution Petroleum (EPM) use the proceeds from its 2026 common stock offering?

Evolution Petroleum plans to use net proceeds to fund part of the purchase price for recently announced Permian Basin mineral and royalty interests. According to the company, remaining funds are for general corporate purposes, potentially including repayment of borrowings under its senior secured credit facility.

What is the 30-day option mentioned in Evolution Petroleum’s (EPM) public offering?

Evolution Petroleum intends to grant underwriters a 30‑day option to purchase additional common shares. According to the company, this option would be exercisable at the offering price, less underwriting discount and commissions, providing flexibility to increase the offering if demand supports it.

Who is managing Evolution Petroleum’s (EPM) August 2026 common stock offering?

Roth Capital Partners is acting as sole book‑running manager for Evolution Petroleum’s common stock offering. According to the company, the deal is being conducted under an effective Form S‑3 shelf registration, with a preliminary prospectus supplement and base prospectus available through the SEC and Roth.

Is Evolution Petroleum’s (EPM) 2026 stock offering guaranteed to be completed?

The offering is not guaranteed to be completed. According to Evolution Petroleum, it is subject to market and other conditions, and there can be no assurance regarding whether or when it will be completed, or the actual size and terms.

Where can investors access the prospectus for Evolution Petroleum’s (EPM) common stock offering?

Investors can obtain the preliminary prospectus supplement and base prospectus via the SEC’s website at www.sec.gov. According to Evolution Petroleum, copies are also available from Roth Capital Partners’ Prospectus Department by mail, phone, or email as specified.