Evolution Petro Stock Price, News & Analysis

Evolution Petroleum (NYSE American: EPM) announced the completion of its acquisition of non-operated natural gas assets in Wyoming's Jonah Field for $26.2 million. This transaction increases the company's production by 37%, equating to approximately 8,000 barrels of oil equivalent per day, and adds 38 billion cubic feet of natural gas equivalent reserves. The deal is expected to enhance cash flow, diversify products, and extend dividend support with minimal additional overhead. The call to discuss this transaction will be held on April 6, 2022.

Evolution Petroleum (NYSE American: EPM) announced participation in several upcoming conferences. The company will engage in a fireside chat with Water Tower Research on March 10, 2022, focusing on its yield-oriented business strategy. Following this, Evolution will appear at the 34th Annual Roth Conference in Dana Point, California, from March 13-15, 2022, including a live chat on March 14. Additionally, the company will attend the 50th Annual Scotia Howard Weil Energy Conference in New Orleans from March 21-23. More details are available on Evolution's website.

On February 9, 2022, Evolution Petroleum (EPM) reported financial results for Q2 FY 2022, achieving a net income of $6.8 million ($0.20 per diluted share), a 31% increase from the prior quarter. Adjusted EBITDA rose 20% to $10.2 million. The company declared a quarterly dividend of $0.10 per share, marking a 34th consecutive payout. Production averaged 4,957 BOEPD, impacted by adjustments in the Barnett Shale. Cash balance increased 71% to $13.6 million with no net debt. Recent strategic acquisitions are expected to enhance cash flow and shareholder returns.

Evolution Petroleum (NYSE American: EPM) has announced a definitive agreement to acquire non-operated natural gas assets in Wyoming's Jonah Field from Exaro Energy III, LLC for $29.4 million. The acquisition, effective February 1, 2022, will close around April 1, 2022. This deal adds approximately 42 BCFe of proven reserves and boosts net daily production by 37%, enhancing cash flow and product diversity without significant overhead. The assets will diversify Evolution's portfolio and extend dividend support, with immediate accretive cash flow expected.

Evolution Petroleum Corporation (NYSE American:EPM) will announce its financial and operational results for the second fiscal quarter of 2022 on February 9, 2022, post-market. A conference call to discuss the results will take place on February 10, 2022, at 2:00 p.m. Eastern, hosted by Jason Brown and Ryan Stash. The call will be accessible via telephone and live webcast. The company focuses on sustainable dividend yields through oil and gas property management and aims to diversify its portfolio through strategic acquisitions.

Evolution Petroleum (NYSE American:EPM) announced the acquisition of oil-weighted, non-operated assets in the Williston Basin for $25.9 million. The transaction, closing on January 14, 2022, includes 50% interests from Foundation Energy Management, adding approximately 2.3 MMBOE of reserves and increasing net daily production by 10%. Evolution expects enhanced cash flow to support its quarterly dividend, with minimal overhead increases. The deal solidifies a partnership for future drilling initiatives and is aligned with the company’s strategy for sustainable dividend growth.

Evolution Petroleum Corporation (NYSE American:EPM) will participate in the virtual Capital One Securities 16th Annual Energy Conference on December 6-7, 2021. CEO Jason Brown will hold virtual one-on-one meetings with investors; however, there will be no formal presentation. An investor deck will be available on the company’s website under the ‘Presentations & Events’ section on the morning of the conference. Evolution focuses on delivering sustainable dividend yields through oil and natural gas asset management in the U.S.

Evolution Petroleum reported a net income of $5.2 million for Q1 FY2022, a 135% increase from the prior quarter. The company produced 5,843 BOEPD, up 33% quarter-over-quarter, and increased Adjusted EBITDA by over 80% to $8.5 million. Revenue rose 38% to $18.9 million, driven by higher production from the Barnett Shale assets. A quarterly dividend of $0.075 was declared, a 50% increase from the previous quarter. Cash balance increased to $8.0 million, with a strong balance sheet and no net debt.