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 (NYSE American: EPM) is an independent energy company focused on owning and investing in onshore oil and natural gas properties in the United States. The EPM news page on Stock Titan aggregates company announcements, earnings releases, operational updates, and transaction news so readers can follow how Evolution’s strategy and asset base are developing over time.
According to its public statements, Evolution seeks to maximize total shareholder returns by maintaining a diversified portfolio of long-life oil and natural gas properties. Its news flow frequently covers quarterly and annual financial results, including production levels in barrels of oil equivalent per day, revenue contributions from crude oil, natural gas, and natural gas liquids, and non-GAAP metrics such as Adjusted EBITDA as described in company releases. These updates often include commentary on commodity price trends and how they affect the company’s mix of oil, natural gas, and NGL revenue.
Investors can also find acquisition and development news, such as Evolution’s TexMex acquisition of non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana, and its mineral and royalty acquisition in the SCOOP/STACK area of Oklahoma. Operational updates from areas like Chaveroo, Barnett Shale, Jonah Field, Delhi Field, and the Williston Basin provide additional context on well performance, maintenance activities, and field-level initiatives.
Another recurring theme in EPM news is the company’s dividend policy and capital allocation. Press releases and related 8-K filings detail decisions by the Board of Directors to declare quarterly cash dividends, including a long series of consecutive payments at a stated per-share rate. Readers can use this page to monitor dividend declarations, conference call schedules, and other corporate communications. For investors and analysts tracking EPM, bookmarking this news feed offers a centralized view of the company’s latest financial, operational, and strategic disclosures.
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.
Evolution Petroleum (EPM) is set to announce its financial results for the third quarter of fiscal 2022, ending March 31, 2022, on May 10, 2022, after market close. A conference call will follow on May 11, 2022, at 2:00 p.m. Eastern to discuss the results, hosted by CEO Jason Brown and CFO Ryan Stash. The company focuses on sustainable dividends through management and development of U.S. oil and natural gas properties, including interests in the Barnett Shale and projects in Louisiana and North Dakota.
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.