Evolution Petroleum Corporation - EPM STOCK NEWS

Evolution Petroleum (NYSE American: EPM) announced its participation in a fireside chat with Water Tower Research on July 28, 2022, at 11:00 am ET. Executives including Chairman Bob Herlin and Interim CEO Kelly Loyd will discuss the company's future strategy. Registration is available here.

The company will also present at the EnerCom Denver Conference on August 9 at 3:10 pm MT, with one-on-one meetings scheduled. An updated investor deck will be accessible on their website prior to the event.

Evolution Petroleum (NYSE American:EPM) has announced the departure of its President and CEO, Jason Brown, who is leaving to pursue other opportunities. Kelly Loyd, a board member since 2008, has been appointed as the interim CEO. Under Brown's leadership, the company successfully completed four major acquisitions in oil and gas sectors before the recent surge in commodity prices. This transition comes as Evolution seeks to continue its strategy of developing and acquiring oil and natural gas assets in the U.S.

Evolution Petroleum (NYSE American:EPM) announced its participation in key investor events. On May 18, 2022, CFO Ryan Stash will engage in a fireside chat with Water Tower Research, discussing recent acquisitions and cash flow allocation. The company will also attend the Louisiana Energy Conference from June 1-3, 2022, hosting one-on-one investor meetings. Additionally, Evolution will participate in the 8th Annual Roth London Conference from June 21-23, 2022, with CEO Jason Brown conducting investor meetings. An updated investor deck will be available on their website.

Evolution Petroleum (NYSE American:EPM) reported its fiscal 2022 third-quarter results, highlighting a 13% increase in production, reaching 5,579 BOEPD, and a 15% revenue growth to $25.7 million. The net income was $5.7 million, reflecting a decline of 16%, influenced by an unrealized loss on commodity contracts. The company declared a quarterly cash dividend of $0.10 per share, marking its 34th consecutive quarter of dividends, totaling over $83 million paid to shareholders. Recent acquisitions in the Williston Basin and Jonah Field are projected to diversify operations and enhance cash flow for future growth.

Evolution Petroleum (EPM) is set to announce its financial results for the third quarter of fiscal 2022, ending March 31, 2022, on May 10, 2022, after market close. A conference call will follow on May 11, 2022, at 2:00 p.m. Eastern to discuss the results, hosted by CEO Jason Brown and CFO Ryan Stash. The company focuses on sustainable dividends through management and development of U.S. oil and natural gas properties, including interests in the Barnett Shale and projects in Louisiana and North Dakota.

Evolution Petroleum (NYSE American: EPM) announced the completion of its acquisition of non-operated natural gas assets in Wyoming's Jonah Field for $26.2 million. This transaction increases the company's production by 37%, equating to approximately 8,000 barrels of oil equivalent per day, and adds 38 billion cubic feet of natural gas equivalent reserves. The deal is expected to enhance cash flow, diversify products, and extend dividend support with minimal additional overhead. The call to discuss this transaction will be held on April 6, 2022.

Evolution Petroleum (NYSE American: EPM) announced participation in several upcoming conferences. The company will engage in a fireside chat with Water Tower Research on March 10, 2022, focusing on its yield-oriented business strategy. Following this, Evolution will appear at the 34th Annual Roth Conference in Dana Point, California, from March 13-15, 2022, including a live chat on March 14. Additionally, the company will attend the 50th Annual Scotia Howard Weil Energy Conference in New Orleans from March 21-23. More details are available on Evolution's website.

On February 9, 2022, Evolution Petroleum (EPM) reported financial results for Q2 FY 2022, achieving a net income of $6.8 million ($0.20 per diluted share), a 31% increase from the prior quarter. Adjusted EBITDA rose 20% to $10.2 million. The company declared a quarterly dividend of $0.10 per share, marking a 34th consecutive payout. Production averaged 4,957 BOEPD, impacted by adjustments in the Barnett Shale. Cash balance increased 71% to $13.6 million with no net debt. Recent strategic acquisitions are expected to enhance cash flow and shareholder returns.

Evolution Petroleum (NYSE American: EPM) has announced a definitive agreement to acquire non-operated natural gas assets in Wyoming's Jonah Field from Exaro Energy III, LLC for $29.4 million. The acquisition, effective February 1, 2022, will close around April 1, 2022. This deal adds approximately 42 BCFe of proven reserves and boosts net daily production by 37%, enhancing cash flow and product diversity without significant overhead. The assets will diversify Evolution's portfolio and extend dividend support, with immediate accretive cash flow expected.