Evolution Petro Stock Price, News & Analysis

Evolution Petroleum (NYSE American:EPM) reported significant operational and financial growth for the fiscal year ending June 30, 2021. Highlights include a 156% increase in production to 4,378 BOEPD, a quarterly net income of $2.2 million ($0.07/share), and a 50% dividend increase to $0.075 per share. The company completed the acquisition of Barnett Shale assets for $18.3 million, boosting proved reserves by 129% to 23.4 MMBOE. Total revenue for the year was $32.7 million, with oil revenue slightly down at $26.4 million. Despite challenges, a strong balance sheet remains with no net debt.

Evolution Petroleum (EPM) has declared a cash dividend of $0.075 per share for Q1 FY2022, marking the 32nd consecutive quarterly dividend. This represents a substantial 50% increase from the previous rate and is 150% higher than last year’s dividend. The increase is attributed to improved commodity prices and cash flow from recent acquisitions, particularly in the Barnett Shale. Over $77 million has been distributed to shareholders since dividend initiation in 2013, showcasing ongoing commitment to shareholder returns.

Evolution Petroleum Corporation (NYSE American: EPM) will announce its financial results for the fiscal year ending June 30, 2021, on September 13, 2021, after market close. An investor conference call for review will take place on September 14, 2021, at 2:00 p.m. Eastern, hosted by President & CEO Jason Brown and CFO Ryan Stash. The call can be accessed at 844-369-8770 (U.S. & Canada toll-free) or via webcast at this link. A replay will be available post-call until December 13, 2021.

Evolution Petroleum (NYSE American: EPM) reported a significant increase in its proved reserves for the fiscal year ending June 30, 2021, totaling 23.4 MMBOE, up from 10.2 MMBOE in the previous year. This increase was bolstered by the acquisition of long-life producing assets in the Barnett Shale, adding 13.1 MMBOE. Positive revisions occurred at the Delhi and Hamilton Dome fields, thanks to resuming operations and favorable pricing. The SEC pricing used was $49.72 per barrel of oil and $2.46 per MCF of natural gas.

Evolution Petroleum Corporation (NYSE American:EPM) announced that its President & CEO, Jason Brown, and CFO, Ryan Stash, will participate in the virtual East Coast IDEAS Investor Conference on June 16-17, 2021. The presentation will be available at 7:00 am CST on June 16 and can be accessed through the conference website and Evolution's investor relations page. The IDEAS Conferences aim to connect quality companies with investment professionals. Evolution focuses on sustainable dividend yields and holds significant oil and gas assets in the U.S.

Evolution Petroleum (EPM) reported a 32% surge in revenues to $7.6 million for Q3 ended March 31, 2021, primarily driven by a 38% increase in average realized oil prices. The company declared a 67% increase in the upcoming dividend to $0.05 per share, marking its 31st consecutive payout. Despite a 5% decline in production to 1,708 BOEPD, cash flow exceeded the dividend, ending the quarter with $17 million in cash and no debt. The acquisition of Barnett Shale assets for $18.2 million was finalized, adding significant natural gas reserves and production capacity.

Evolution Petroleum has successfully closed an acquisition of non-operated oil and gas assets in the Barnett Shale for $18.2 million, enhancing its asset base and supporting long-term dividend strategies. The acquisition, effective January 1, 2021, includes approximately 21,000 net acres and adds 50 Bcf of natural gas and 5 MMBls of liquids proved reserves. This move diversifies Evolution's portfolio into gas, improving the sustainability of dividends and reducing volatility risk, as stated by CEO Jason Brown.

Evolution Petroleum Corporation (NYSE American:EPM) will release its financial and operational results for the quarter ending March 31, 2021, on May 10, 2021. An investor conference call will follow on May 11, 2021, at 2:00 p.m. Eastern to discuss these results, featuring President & CEO Jason Brown and CFO Ryan Stash. The call can be accessed by calling 888-506-0062 or via webcast on the company’s website. Evolution Petroleum aims to provide a sustainable dividend yield through the management and development of oil and gas properties, focusing on diversified asset acquisition.

Evolution Petroleum has announced a definitive agreement to acquire non-operated oil and gas assets in the Barnett Shale from TG Barnett Resources for $23.25 million. The deal, effective January 1, 2021, aims to enhance the Company's production and reserves. With net production of approximately 22 MMcf/d of natural gas and 1.3 MBbls/d of liquids, the acquisition adds 70 Bcf of gas and 5 MMBbls of liquids PDP reserves. The transaction requires minimal additional expenses and supports the Company's dividend strategy.