Evolution Petroleum Corporation - EPM STOCK NEWS

Evolution Petroleum (EPM) announced participation in a fireside chat with Water Tower Research on March 23, 2023, at 2:00 PM Eastern Time. Executives Kelly Loyd and Mark Bunch will discuss the Company's total shareholder return framework, among other topics. Registration can be completed at this link. Evolution Petroleum focuses on maximizing shareholder returns through investments in onshore U.S. oil and natural gas properties, with operations in regions including Wyoming, North Dakota, and Texas. More details can be found on their website.

Evolution Petroleum (NYSE American:EPM) appointed J. Mark Bunch as Chief Operating Officer, creating a new role aimed at enhancing management and shareholder value. Kelly Loyd, the President and CEO, praised Bunch’s extensive experience in the oil and gas industry and emphasized his capabilities to maximize existing cash flow and form strategic partnerships. Bunch, with over 40 years in the sector and previously involved with Alamo Resources III and Davis Petroleum Corp, expressed eagerness to help achieve the Company’s strategic goals. Evolution Petroleum focuses on maximizing shareholder returns through investments in onshore oil and natural gas properties in the U.S.

Evolution Petroleum (NYSE American:EPM) reported strong financial results for Q2 of fiscal 2023, with revenues of $33.7 million, net income of $10.4 million (or $0.31 per diluted share). Year-to-date revenues surged 78% and net income rose 75% compared to the previous year. Daily production reached 7,418 BOEPD, a 37% increase YOY. The company declared a quarterly cash dividend of $0.12 per share for Q3, marking a 60% increase from last year. Notably, Evolution eliminated all debt worth $12.3 million, enhancing liquidity to $53.7 million. The company aims to sustain dividend growth and evaluate potential acquisitions.

Evolution Petroleum (NYSE American:EPM) will announce its financial results for the second quarter of fiscal year 2023 on February 7, 2023. Following the earnings release, an investor conference call is scheduled for February 8, 2023, at 2:00 p.m. Eastern. The call will feature CEO Kelly Loyd and CFO Ryan Stash discussing the results. Interested parties can join via telephone or through a webcast. The company focuses on maximizing shareholder returns through investments in onshore oil and natural gas properties across the United States.

Evolution Petroleum reported its fiscal 2023 first quarter results, ending September 30, 2022. The company achieved a 2% increase in daily production, averaging 7,598 BOEPD, and generated revenues of $39.8 million with net income of $10.7 million, or $0.32 per diluted share. Adjusted EBITDA totaled $17 million, reflecting a 22% decline from the prior quarter. Evolution declared a quarterly cash dividend of $0.12 per share, a 20% increase, and reduced debt by $9 million, targeting complete payoff by year-end. Strong cash flow supported operations, capital spending, and dividend payments.

Evolution Petroleum (NYSE American:EPM) announces its financial results for Q1 FY2023, ending September 30, 2022, will be released on November 8, 2022. An investor call, led by CEO Kelly Loyd and CFO Ryan Stash, is scheduled for November 9, 2022, at 2:00 p.m. Eastern Time. The company focuses on maximizing shareholder returns through investments in oil and gas properties across the U.S., including significant assets in Wyoming, North Dakota, Texas, and Louisiana. Further details are available on their website.

Evolution Petroleum (NYSE American:EPM) has officially appointed Kelly Loyd as President and CEO, following his role as Interim CEO starting June 2022. Loyd, a long-time board member since 2008, brings extensive experience from private energy investment and investment banking. The Board emphasized his alignment with the company’s mission and vision for growth. Loyd expressed commitment to disciplined financial management and maximizing shareholder returns. Evolution Petroleum focuses on onshore oil and gas properties in the U.S., aiming for long-term shareholder value through strategic investments.

On September 13, 2022, Evolution Petroleum (EPM) reported strong financial results for Q4 and fiscal year 2022, highlighting a 64% revenue increase to $42 million and a 161% rise in net income to $14.9 million. Average production surged by 34% to 7,451 BOEPD, aided by recent acquisitions, particularly the Jonah Field. The company announced a quarterly cash dividend of $0.12 per share, a 20% increase, and a $25 million share repurchase program. Total revenue for fiscal 2022 reached $108.9 million, up 233% from the previous year. Evolution anticipates continued growth in fiscal 2023.

Evolution Petroleum Corporation (NYSE American: EPM) has appointed Myra Coleman Bierria to its Board of Directors, effective September 8, 2022. Bierria, an accomplished attorney with expertise in corporate governance and securities law, serves as Vice President and Corporate Secretary for Southern Company. Her extensive background in energy and legal matters is expected to enhance the Board's effectiveness, particularly in maximizing shareholder returns. She will chair the new Sustainability Committee and participate in the Nominating and Corporate Governance Committee.