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 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.