Welcome to our dedicated page for Evolution Petro news (Ticker: EPM), a resource for investors and traders seeking the latest updates and insights on Evolution Petro stock.
Evolution Petroleum Corporation reports on its ownership and investment in onshore U.S. oil and natural gas properties, with recurring updates on production, realized commodity prices, lease operating costs, acquisitions, development activity, and cash dividends. The company’s news commonly discusses fiscal-quarter and full-year operating results, portfolio activity across long-life oil and natural gas assets, and field-level factors affecting volumes, including Delhi, Jonah, TexMex and Chaveroo references.
Company announcements also cover earnings-call schedules, conference participation, and capital allocation themes tied to acquisitions, selective development, production enhancements, and other exploitation efforts.
Evolution Petroleum (EPM) reported strong fiscal Q1 2025 results with revenues increasing 6% year-over-year to $21.9 million, driven by record oil production. Net income rose 40% to $2.1 million, while Adjusted EBITDA grew 21% to $8.1 million. Total production increased 16% to 7,478 BOEPD, with oil up 27%, natural gas up 10%, and NGLs up 19%. The company brought seven SCOOP/STACK wells online during the quarter and declared its 45th consecutive quarterly dividend of $0.12 per share. Despite softer natural gas prices, the diversified portfolio performed well, with liquids generating 80% of quarterly revenue.
Evolution Petroleum (NYSE American: EPM) has announced plans to release its fiscal first quarter 2025 financial and operating results on Tuesday, November 12, 2024, after market close. The company will hold a conference call to review the results on Wednesday, November 13, 2024, at 10:00 a.m. Central Time. The call will feature President and CEO Kelly Loyd, CFO Ryan Stash, and COO Mark Bunch. A webcast replay will be available through November 13, 2025, via the company's website.
Evolution Petroleum (NYSE American: EPM) reported its fiscal Q4 and full year 2024 results, showing significant growth in key financial metrics. Q4 revenues increased 17% year-over-year to $21.2 million, while net income rose to $1.2 million. Adjusted EBITDA saw a 72% year-over-year increase to $8.0 million. The company achieved record oil revenues and liquids production for the fiscal year 2024.
Evolution participated in 3 new producing wells during Q4 and 27 in fiscal 2024, with 10 wells in progress post-fiscal year-end. The company returned $4.0 million to shareholders via dividends in Q4 and $16.0 million for the full fiscal year. Evolution also declared its 44th consecutive quarterly dividend of $0.12 per common share.
The company's strategy focused on balancing its portfolio, reducing exposure to natural gas price volatility, and increasing organic growth potential. This approach led to two transformative acquisitions, adding 6.6 MMBOE of proved reserves and over 380 new drilling locations in the SCOOP/STACK and Chaveroo areas.
Evolution Petroleum (NYSE American: EPM) has announced its schedule for the release of its fourth quarter and fiscal year-end 2024 financial and operating results. The company plans to release these results on Tuesday, September 10, 2024, after the market closes. A conference call to review the results is scheduled for Wednesday, September 11, 2024, at 10:00 a.m. Central Time.
Key executives, including Kelly Loyd (President and CEO), Ryan Stash (SVP, CFO, and Treasurer), and Mark Bunch (COO), will participate in the call. Investors can join via phone or webcast, with replay available until September 11, 2025. Additionally, Evolution's management will attend the Pickering Energy Partners Energy Conference in Austin, TX on September 18, 2024.
Evolution Petroleum (NYSE American: EPM) reported strong financial and operational results for the third quarter of fiscal 2024. The company closed SCOOP/STACK acquisitions, boosting production and revenue. Key highlights include the addition of new production wells, exceeding production expectations, and achieving the highest oil production levels. Revenue stood at $23.0 million, with net income of $0.3 million and adjusted net income of $1.0 million. Adjusted EBITDA increased by 24% to $8.5 million. The company declared a quarterly cash dividend of $0.12 per common share for the fourth quarter of fiscal 2024.
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