Evolution Petro Stock Price, News & Analysis

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.

Evolution Petroleum Corporation appointed Marjorie Hargrave to its Board of Directors effective March 1, 2021. Hargrave, who will serve as Chairman of the Audit Committee, brings extensive experience in financial management, strategic planning, and investment banking. She previously served as CFO of companies that significantly increased revenues, including CTAP, which grew revenue to $800 million, and High Sierra Energy, which expanded to $2.5 billion. Her addition strengthens the Board's financial oversight amidst anticipated company growth.

Evolution Petroleum Corporation (NYSE American:EPM) will announce its financial results for the quarter ended December 31, 2020, on February 3, 2021. An investor conference call to discuss these results is scheduled for February 4, 2021, at 2:00 p.m. Eastern. This call will be hosted by CEO Jason Brown and CFO Ryan Stash. Key assets include CO₂ enhanced oil recovery projects in Louisiana's Delhi field and a secondary recovery project in Wyoming's Hamilton Dome field. Details regarding the call and company information can be accessed through their website.

Evolution Petroleum (EPM) reported significant financial results for the fiscal first quarter ending September 30, 2020. Total revenues rose to $5.6 million, a 67% increase from the prior quarter, mainly due to a 66% rise in average realized oil prices. The company maintained a debt-free status and paid its 28th consecutive dividend of $0.025 per share. Despite a net loss of $7.1 million, driven by a non-cash impairment of $9.6 million, the company ended the quarter with $19.8 million in cash.

Evolution Petroleum Corporation (NYSE American:EPM) will release its financial results for the quarter ended September 30, 2020, after market close on November 5, 2020. An investor conference call is scheduled for November 6, 2020, at 2:00 p.m. Eastern time, hosted by CEO Jason Brown and CFO David Joe. The company aims to provide a sustainable dividend yield and focuses on developing oil and gas properties in the U.S. Key projects include a CO₂ enhanced oil recovery project in Louisiana and a secondary recovery project in Wyoming.

Evolution Petroleum Corporation (EPM) reported financial results for FY 2020. The company achieved a net income of $5.9 million ($0.18 per share) for the ninth consecutive year, while returning $10.7 million in dividends and repurchasing $2.5 million in stocks. Despite challenges from the COVID-19 pandemic, cash flow from operations funded its capital expenditures. Oil production in Q4 was 1,630 BOPD, but revenues fell significantly: oil revenue decreased 56% to $3.3 million. Cash reserves stood at $19.7 million, and the company remains debt-free, focusing on opportunities for growth amid market volatility.

Evolution Petroleum Corporation (NYSE American:EPM) announced its independently determined reserve estimates as of June 30, 2020, declaring a quarterly cash dividend of $0.025 per share to be paid on September 30, 2020. This marks the 28th consecutive dividend payment, totaling over $70 million since 2013. Proved reserves include 8,226 Mbbl of oil and 1,993 Mbbl of natural gas liquids. The company continues to focus on long-life, low decline quality oil assets despite challenges from COVID-19, with a focus on future production recovery.

Evolution Petroleum Corporation (NYSE American:EPM) announced its independently determined reserve estimates as of June 30, 2020, alongside its declaration of a cash dividend of $0.025 per share to be paid on September 30, 2020. This marks the 28th consecutive quarterly dividend, with over $70 million paid since 2013. The report includes proved reserves of 10,219 Mbbl of oil equivalent, highlighting a robust asset base despite challenges from the COVID-19 pandemic. Evolution is set to release its fiscal 2020 financial results on September 9, 2020.