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Evolution Petroleum Corporation - EPM STOCK NEWS

Welcome to our dedicated page for Evolution Petroleum Corporation news (Ticker: EPM), a resource for investors and traders seeking the latest updates and insights on Evolution Petroleum Corporation stock.

Evolution Petroleum Corporation (EPM) is an independent oil and gas company based in the United States. The company focuses on acquiring controlling working interests in oil and gas resources within established fields. Through the application of capital and advanced technology, Evolution Petroleum redevelops these fields to transform oil and gas resources into profitable producing reserves.

The company’s core operations include the acquisition, exploitation, and development of properties for the production of crude oil and natural gas. Key revenue-generating assets include:

  • Jonah Field in Sublette County, Wyoming
  • Williston Basin in North Dakota
  • Barnett Shale located in North Texas
  • Hamilton Dome Field in Wyoming
  • Delhi Field in Northeast Louisiana

Evolution Petroleum generates revenue through royalty, mineral, and working interests from these properties. Recent achievements include strategic acquisitions and efficient capital management, positioning the company for sustainable growth and profitability.

The company's focus on established fields, combined with its expertise in applying modern technology, ensures robust production capabilities and profitability. Evolution Petroleum is committed to maintaining a strong balance sheet and liquidity, while strategically investing in capital projects to drive future growth.

For the latest updates and investor information, you can reach out to Evolution Petroleum's investor relations at (713) 935-0122 or via email at info@evolutionpetroleum.com.

News

Evolution Petroleum Announces Acquisition of Non-operated Oil and Gas Assets

Rhea-AI Summary
Evolution Petroleum Corporation (NYSE American: EPM) has announced the acquisition of non-operated oil and natural gas assets in central Oklahoma for $43.5 million. The assets include 230 producing wells with a production of approximately 1,550 barrels of oil equivalent per day and significant upside potential. The acquisitions are expected to be self-funding and highly accretive to key valuation metrics. The company aims to generate significant free cash flow and extend dividend capacity.
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Evolution Petroleum Reports First Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 Second Quarter

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Evolution Petroleum Corporation (NYSE American: EPM) Announces Fiscal Q1 Results and $0.12 Quarterly Dividend
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Evolution Petroleum Schedules Fiscal First Quarter 2024 Earnings Release and Conference Call

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Evolution Petroleum Corporation (NYSE American: EPM) plans to release its fiscal first quarter 2024 financial and operating results on Tuesday, November 7, 2023, after the market closes. The results will be reviewed on a conference call at 10:00 a.m. Central Time on Wednesday, November 8, 2023.
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Evolution Petroleum to Participate in Water Tower Research Fireside Chat

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Evolution Petroleum Corporation to participate in fireside chat with Water Tower Research
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0.78%
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Evolution Petroleum to Participate in Northland Investor Conference and Posts Updated Presentation

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Evolution Petroleum to participate in Northland Capital Markets Institutional Investor Conference on September 19, 2023.
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Evolution Petroleum and PEDEVCO Enter into Strategic Partnership to Jointly Develop PEDEVCO’s Chaveroo Field in the Permian Basin

Rhea-AI Summary
Evolution Petroleum and PEDEVCO enter into a partnership to develop the Chaveroo oilfield in New Mexico, potentially unlocking significant value from the field. Evolution will farm-in for a 50% working interest in future drilling locations. The partnership diversifies Evolution's oil exposure and allows PEDEVCO to allocate capital to other growth initiatives. The strategic partnership increases both parties' ability to pursue organic development and M&A activities.
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Evolution Petroleum Reports Full Year and Fourth Quarter Fiscal 2023 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 First Quarter

Rhea-AI Summary
Evolution Petroleum Corporation announces financial results for Q4 and fiscal year 2023, with increased revenue and net income. Declares quarterly cash dividend of $0.12 per share. Maintains liquidity and balance sheet strength. Paid down $21.25 million in debt. Increased production by 19% YoY. Repurchased $3.9 million of common shares. Total revenues increased 18% to $128.5 million. Net income increased to $35.2 million. LOE increased to $59.5 million. G&A expenses increased to $7.9 million. Adjusted EBITDA increased to $60.1 million. Q4 production decreased due to downtime and maintenance. Q4 total revenue decreased by 51%. LOE decreased by 13%. Net income for Q4 was $0.2 million. Adjusted EBITDA for Q4 was $4.7 million.
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Evolution Petroleum Schedules Fiscal Year End 2023 Earnings Release and Conference Call

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Evolution Petroleum Corporation plans to release its fiscal year-end 2023 financial and operating results on September 12, 2023, after the market closes. The results will be reviewed on a conference call on September 13, 2023, at 1:00 p.m. Central Time.
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Evolution Petroleum Set to Join Russell 2000(R) and Russell 3000(R) Indexes

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Evolution Petroleum Reports Fiscal Third Quarter 2023 Results and Declares Quarterly Cash Dividend for the Fiscal 2023 Fourth Quarter

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FAQ

What is the current stock price of Evolution Petroleum Corporation (EPM)?

The current stock price of Evolution Petroleum Corporation (EPM) is $4.88 as of December 20, 2024.

What is the market cap of Evolution Petroleum Corporation (EPM)?

The market cap of Evolution Petroleum Corporation (EPM) is approximately 165.6M.

What does Evolution Petroleum Corporation do?

Evolution Petroleum Corporation focuses on acquiring, developing, and producing oil and gas resources within established fields in the United States.

Where does Evolution Petroleum operate?

The company operates in several key areas including Jonah Field in Wyoming, Williston Basin in North Dakota, Barnett Shale in Texas, Hamilton Dome Field in Wyoming, and Delhi Field in Louisiana.

How does Evolution Petroleum generate revenue?

Evolution Petroleum generates revenue from its crude oil, natural gas, and NGL production through royalty, mineral, and working interests.

What are some recent achievements of Evolution Petroleum?

Recent achievements include strategic acquisitions, efficient capital management, and sustainable growth in profitable producing reserves.

How can I contact Evolution Petroleum's investor relations?

You can contact their investor relations at (713) 935-0122 or via email at info@evolutionpetroleum.com.

What is Evolution Petroleum's approach to field redevelopment?

The company focuses on applying capital and advanced technology to redevelop established fields, converting resources into profitable producing reserves.

What types of interests does Evolution Petroleum hold?

The company holds royalty, mineral, and working interests in its operated fields.

What is the main focus of Evolution Petroleum?

The main focus is on acquiring controlling working interests in oil and gas resources within established fields and redeveloping these fields for profitable production.

Which field in North Texas is Evolution Petroleum involved in?

Evolution Petroleum is involved in the Barnett Shale located in North Texas.

Where is the Delhi Field located?

The Delhi Field is located in Northeast Louisiana.

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Evolution Petroleum Corporation

NYSE:EPM

EPM Rankings

#4027 Ranked by Market Cap
#207 Ranked by Dividends

EPM Stock Data

165.63M
30.14M
9.98%
56.36%
2.59%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
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