EVOLUTION PETROLEUM CORP SEC Filings

Stash Ryan reported disposition transactions in this Form 4 filing.

EVOLUTION PETROLEUM CORP senior vice president and CFO Stash Ryan reported a routine compensation-related change in ownership. A block of 27,321 shares of restricted common stock expired and reverted to the company after performance goals were not achieved, at a stated price of $0.00 per share. Following this expiration, Ryan directly holds 279,576 shares of common stock, so he continues to maintain a substantial equity stake in the company. This event reflects the lapse of unearned performance-based awards rather than an open-market sale.

EVOLUTION PETROLEUM CORP Chief Operating Officer John Mark Bunch reported a compensation-related share adjustment. On June 30, 2026, he disposed of 28,518 shares of Common Stock back to the company at $0.00 per share. A footnote explains these were shares of restricted stock that expired because the related performance goals were not achieved, so this was a forfeiture rather than an open-market sale. After this expiration, Bunch directly holds 186,048 shares of the company’s common stock.

Evolution Petroleum Corp reported that President and CEO Loyd Kelly William had 52,595 shares of restricted common stock expire because the performance goals were not achieved. These shares were returned to the company rather than sold. After this disposition to the issuer, he continues to hold 429,528 shares of common stock directly.

Evolution Petroleum Corporation reported a weaker quarter with a larger net loss driven mainly by hedge losses and higher interest expense. For the three months ended March 31, 2026, total revenues were $20.2M versus $22.6M a year ago, while a net loss of $8.9M compared with a $2.2M loss.

For the nine-month period, revenues were $62.1M versus $64.7M, and net loss widened to $7.0M from $1.9M, largely reflecting a $5.5M net loss on derivative contracts. Operating cash flow remained positive at $16.7M, funding part of $27.2M of investing cash outflows, including the TexMex and SCOOP/STACK mineral acquisitions and $5.0M of Louisiana mineral purchases.

Debt under the senior secured credit facility increased to $56.5M and total stockholders’ equity declined to $58.4M. The company continued its shareholder return focus, paying $12.6M in dividends over nine months at $0.12 per share each quarter and declaring another $0.12 dividend payable June 30, 2026, while also raising about $4.9M of equity through its at-the-market program.

Evolution Petroleum Corporation reported weaker results for its fiscal third quarter ended March 31, 2026. Revenue was $20.2M, down 11% from the prior-year quarter, as average realized prices fell despite slightly higher production of 6,700 BOEPD.

The company posted a net loss of $8.9M, or $0.26 per diluted share, compared with a $2.2M loss a year earlier, largely due to unrealized hedge losses and unfavorable natural gas differentials. Adjusted EBITDA declined to $3.1M from $7.4M.

Lease operating expense improved to $21.49 per BOE, helped by mineral and royalty assets with no lifting costs, but winter storms, a $1.2M prior-period Delhi transportation adjustment, and field outages weighed on results. The board declared another $0.12 per share quarterly dividend, the 51st consecutive payment, and the company ended the quarter with $2.6M in cash, $56.5M drawn on its credit facility, and total liquidity of $10.4M.

Evolution Petroleum COO John Mark Bunch reported a tax-related share disposition. On the Form 4, he surrendered 8,910 shares of common stock at $4.43 per share to the company to cover income tax withholding when restricted stock vested. After this non‑market transaction, he directly holds 214,566 shares of Evolution Petroleum common stock.

Evolution Petroleum Corporation entered into a Sales Agreement with Roth Capital Partners as lead agent, along with Northland Securities and A.G.P./Alliance Global Partners, establishing an at‑the‑market stock offering program for up to $30,000,000 of common stock under its effective Form S-3 shelf registration.

The lead agent will use commercially reasonable efforts to sell shares according to placement notices the company issues, and may execute sales on the NYSE American or through other permitted methods. Evolution Petroleum will pay a 3.00% commission on gross proceeds, reimburse up to $50,000 of initial expenses, and up to $7,500 per quarter for ongoing maintenance costs.

Evolution Petroleum Corporation is offering up to $30,000,000 of common stock through an at the market offering program under a new sales agreement with Roth Capital Partners, Northland Securities and A.G.P./Alliance Global Partners.

Shares may be sold from time to time on the NYSE American at prevailing prices, with the agents earning a 3% commission on gross proceeds and being deemed underwriters. Evolution plans to use net proceeds for general corporate purposes, including funding acquisitions and redeeming or repaying indebtedness.

There were 35,003,844 shares of common stock outstanding as of December 31, 2025, and a hypothetical 7,317,073 shares at $4.10 per share would result in 42,320,917 shares outstanding, though actual sales and pricing may differ.

Evolution Petroleum Corporation reports modest profitability in its quarter ended December 31, 2025 while expanding its asset base and leverage. Quarterly revenue was $20.7 million, roughly flat year over year, and net income was $1.1 million versus a prior-year loss.

For the first six months of fiscal 2026, revenue was $42.0 million with net income of $1.9 million. A $16.3 million SCOOP/STACK minerals acquisition and earlier TexMex acquisition lifted oil and gas properties, net, to $151.1 million, while borrowings under the senior secured credit facility rose to $54.5 million.

Operating cash flow of $13.2 million funded part of $21.3 million of investing outflows, and the company continued returning cash with $8.4 million in dividends during the six-month period. Commodity hedges generated a $4.4 million net gain year to date, supporting results in a volatile price environment.