Evolution Petro SEC Filings

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.

Evolution Petroleum reported stronger fiscal second-quarter 2026 results and declared a $0.12 per share cash dividend for the third quarter of 2026. Revenue was $20.7 million, up 2% year-over-year, as production rose 6% to 7,380 BOEPD, driven by recent mineral and TexMex acquisitions.

The company generated net income of $1.1 million, or $0.03 per diluted share, versus a $1.8 million loss a year ago, while adjusted EBITDA increased 41% to $8.0 million on higher natural gas revenues, hedge gains, and lower lease operating costs. LOE per BOE improved to $16.96 from $20.05, and this $0.12 dividend marks the 50th consecutive quarterly cash payout.

Evolution Petroleum Corporation has filed a shelf registration statement allowing it to offer and sell, from time to time, up to $500,000,000 in aggregate of common stock, preferred stock, warrants and debt securities. Some preferred stock and debt securities may be convertible into common or preferred stock.

The company plans to use net proceeds from any future offerings for general corporate purposes, including capital expenditures, debt reduction or refinancing, recapitalizations, acquisitions and working capital. Securities may be sold directly by the company or through underwriters, dealers or agents, in firm-commitment, negotiated, block, or at-the-market transactions.

Evolution Petroleum is an independent energy company focused on non-operated working and mineral interests in multiple U.S. onshore oil and natural gas fields, with common stock listed on the NYSE American under the symbol “EPM.”

WealthTrust Axiom LLC filed an Amendment No. 1 to a Schedule 13G reporting its beneficial ownership of common stock of Evolution Petroleum Corp. The firm reports beneficial ownership of 1,950,728,273 shares, representing 5.62% of the outstanding common stock as of the event date 12/31/2025.

WealthTrust Axiom LLC, a Pennsylvania investment adviser, reports no voting power over these shares but sole dispositive power over the full 1,950,728,273 shares and no shared voting or dispositive power. The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Evolution Petroleum Corp.