Evolution Petro Stock Price, News & Analysis

Evolution Petroleum (NYSE American:EPM) announces its financial results for Q1 FY2023, ending September 30, 2022, will be released on November 8, 2022. An investor call, led by CEO Kelly Loyd and CFO Ryan Stash, is scheduled for November 9, 2022, at 2:00 p.m. Eastern Time. The company focuses on maximizing shareholder returns through investments in oil and gas properties across the U.S., including significant assets in Wyoming, North Dakota, Texas, and Louisiana. Further details are available on their website.

Evolution Petroleum (NYSE American:EPM) has officially appointed Kelly Loyd as President and CEO, following his role as Interim CEO starting June 2022. Loyd, a long-time board member since 2008, brings extensive experience from private energy investment and investment banking. The Board emphasized his alignment with the company’s mission and vision for growth. Loyd expressed commitment to disciplined financial management and maximizing shareholder returns. Evolution Petroleum focuses on onshore oil and gas properties in the U.S., aiming for long-term shareholder value through strategic investments.

On September 13, 2022, Evolution Petroleum (EPM) reported strong financial results for Q4 and fiscal year 2022, highlighting a 64% revenue increase to $42 million and a 161% rise in net income to $14.9 million. Average production surged by 34% to 7,451 BOEPD, aided by recent acquisitions, particularly the Jonah Field. The company announced a quarterly cash dividend of $0.12 per share, a 20% increase, and a $25 million share repurchase program. Total revenue for fiscal 2022 reached $108.9 million, up 233% from the previous year. Evolution anticipates continued growth in fiscal 2023.

Evolution Petroleum Corporation (NYSE American: EPM) has appointed Myra Coleman Bierria to its Board of Directors, effective September 8, 2022. Bierria, an accomplished attorney with expertise in corporate governance and securities law, serves as Vice President and Corporate Secretary for Southern Company. Her extensive background in energy and legal matters is expected to enhance the Board's effectiveness, particularly in maximizing shareholder returns. She will chair the new Sustainability Committee and participate in the Nominating and Corporate Governance Committee.

Evolution Petroleum Corporation (EPM) announced it will release its fiscal year-end financial and operational results on September 13, 2022. An investor conference call is scheduled for September 14, 2022, at 2:00 p.m. Eastern. The call will be led by Interim CEO Kelly Loyd and CFO Ryan Stash, discussing results for the fiscal year ended June 30, 2022. The company focuses on maximizing shareholder returns through ownership and investment in oil and natural gas properties across the U.S., including significant assets in the Barnett Shale and Williston Basin.

Evolution Petroleum (NYSE American: EPM) announced its participation in a fireside chat with Water Tower Research on July 28, 2022, at 11:00 am ET. Executives including Chairman Bob Herlin and Interim CEO Kelly Loyd will discuss the company's future strategy. Registration is available here.

The company will also present at the EnerCom Denver Conference on August 9 at 3:10 pm MT, with one-on-one meetings scheduled. An updated investor deck will be accessible on their website prior to the event.

Evolution Petroleum (NYSE American:EPM) has announced the departure of its President and CEO, Jason Brown, who is leaving to pursue other opportunities. Kelly Loyd, a board member since 2008, has been appointed as the interim CEO. Under Brown's leadership, the company successfully completed four major acquisitions in oil and gas sectors before the recent surge in commodity prices. This transition comes as Evolution seeks to continue its strategy of developing and acquiring oil and natural gas assets in the U.S.

Evolution Petroleum (NYSE American:EPM) announced its participation in key investor events. On May 18, 2022, CFO Ryan Stash will engage in a fireside chat with Water Tower Research, discussing recent acquisitions and cash flow allocation. The company will also attend the Louisiana Energy Conference from June 1-3, 2022, hosting one-on-one investor meetings. Additionally, Evolution will participate in the 8th Annual Roth London Conference from June 21-23, 2022, with CEO Jason Brown conducting investor meetings. An updated investor deck will be available on their website.

Evolution Petroleum (NYSE American:EPM) reported its fiscal 2022 third-quarter results, highlighting a 13% increase in production, reaching 5,579 BOEPD, and a 15% revenue growth to $25.7 million. The net income was $5.7 million, reflecting a decline of 16%, influenced by an unrealized loss on commodity contracts. The company declared a quarterly cash dividend of $0.10 per share, marking its 34th consecutive quarter of dividends, totaling over $83 million paid to shareholders. Recent acquisitions in the Williston Basin and Jonah Field are projected to diversify operations and enhance cash flow for future growth.