Evolution Petroleum Corporation - EPM STOCK NEWS

Evolution Petroleum (EPM) reported strong fiscal Q1 2025 results with revenues increasing 6% year-over-year to $21.9 million, driven by record oil production. Net income rose 40% to $2.1 million, while Adjusted EBITDA grew 21% to $8.1 million. Total production increased 16% to 7,478 BOEPD, with oil up 27%, natural gas up 10%, and NGLs up 19%. The company brought seven SCOOP/STACK wells online during the quarter and declared its 45th consecutive quarterly dividend of $0.12 per share. Despite softer natural gas prices, the diversified portfolio performed well, with liquids generating 80% of quarterly revenue.

Evolution Petroleum (NYSE American: EPM) has announced plans to release its fiscal first quarter 2025 financial and operating results on Tuesday, November 12, 2024, after market close. The company will hold a conference call to review the results on Wednesday, November 13, 2024, at 10:00 a.m. Central Time. The call will feature President and CEO Kelly Loyd, CFO Ryan Stash, and COO Mark Bunch. A webcast replay will be available through November 13, 2025, via the company's website.

Evolution Petroleum (NYSE American: EPM) reported its fiscal Q4 and full year 2024 results, showing significant growth in key financial metrics. Q4 revenues increased 17% year-over-year to $21.2 million, while net income rose to $1.2 million. Adjusted EBITDA saw a 72% year-over-year increase to $8.0 million. The company achieved record oil revenues and liquids production for the fiscal year 2024.

Evolution participated in 3 new producing wells during Q4 and 27 in fiscal 2024, with 10 wells in progress post-fiscal year-end. The company returned $4.0 million to shareholders via dividends in Q4 and $16.0 million for the full fiscal year. Evolution also declared its 44th consecutive quarterly dividend of $0.12 per common share.

The company's strategy focused on balancing its portfolio, reducing exposure to natural gas price volatility, and increasing organic growth potential. This approach led to two transformative acquisitions, adding 6.6 MMBOE of proved reserves and over 380 new drilling locations in the SCOOP/STACK and Chaveroo areas.

Evolution Petroleum (NYSE American: EPM) has announced its schedule for the release of its fourth quarter and fiscal year-end 2024 financial and operating results. The company plans to release these results on Tuesday, September 10, 2024, after the market closes. A conference call to review the results is scheduled for Wednesday, September 11, 2024, at 10:00 a.m. Central Time.

Key executives, including Kelly Loyd (President and CEO), Ryan Stash (SVP, CFO, and Treasurer), and Mark Bunch (COO), will participate in the call. Investors can join via phone or webcast, with replay available until September 11, 2025. Additionally, Evolution's management will attend the Pickering Energy Partners Energy Conference in Austin, TX on September 18, 2024.

Evolution Petroleum (NYSE American: EPM) reported strong financial and operational results for the third quarter of fiscal 2024. The company closed SCOOP/STACK acquisitions, boosting production and revenue. Key highlights include the addition of new production wells, exceeding production expectations, and achieving the highest oil production levels. Revenue stood at $23.0 million, with net income of $0.3 million and adjusted net income of $1.0 million. Adjusted EBITDA increased by 24% to $8.5 million. The company declared a quarterly cash dividend of $0.12 per common share for the fourth quarter of fiscal 2024.

Evolution Petroleum (EPM) is set to release its fiscal third quarter 2024 financial and operating results on May 7, 2024. The company's executives will review the results on a conference call on May 8, 2024. Investors can participate in the call to gain insights into Evolution's performance.

Evolution Petroleum Corporation (EPM) announced participation in a fireside chat with Water Tower Research to discuss capital allocation options, Permian horizontal development program results, and SCOOP/STACK acquisitions. The company is pleased with drilling results in Chaveroo and SCOOP/STACK, confirming its strategy of low-risk development and targeted acquisitions.

Evolution Petroleum Corporation (EPM) announced its financial and operating results for its fiscal second quarter ended December 31, 2023. The company reported revenue of $21.0 million and net income of $1.1 million for the quarter. It also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 third quarter. Evolution has added scale and economic efficiency, diversification of products and markets, and investment flexibility while maintaining a strong balance sheet. The company has returned approximately $110.4 million, or $3.33 per share, back to stockholders in common stock dividends since December 31, 2013. Evolution has demonstrated a track record of action, adding 6 significant transactions, putting over $119 million to work for shareholders, and increasing production three-fold. The company has maintained significant liquidity and balance sheet strength throughout the second quarter of fiscal 2024, with $50 million available borrowing capacity under the senior secured credit facility. Evolution has paid its 41st consecutive quarterly dividend in December and announced the 42nd consecutive dividend at the same $0.12 per share on March 28th. The SCOOP/STACK acquisition is expected to contribute to operating results beginning in the middle of the third fiscal quarter ending March 31st following the closing.

Evolution Petroleum Corporation (NYSE American: EPM) announced the release of its fiscal second quarter 2024 financial and operating results on February 6, 2024, with a review scheduled for February 7, 2024. The review will be led by the President, CEO, CFO, COO, and CAO. The conference call and webcast will be accessible through specific dial-in details and a webcast link, with a replay available until February 7, 2025.