Evolution Petroleum Corp. today announced the closing of its previously announced acquisition of non-operated oil and natural gas assets located in New Mexico, Texas, and Louisiana . The total purchase price for the Acquisition is $9.0 million before customary post-closing adjustments, with an effective date of February 1, 2025. The Company funded the Acquisition through a combination of cash on hand and borrowings under [...]
Evolution Petroleum Corp. announced today that members of the Company's management team plan to participate in several upcoming events. Water Tower Research Fireside Chat - March 26, 2025 Evolution will participate in a virtual fireside chat hosted by Water Tower Research on Wednesday, March 26, 2025, at 2:00 p.m. CT. The event will feature an in-depth conversation with Company management regarding its pending acquisition [...]
Strategic Benefits of the Acquisition: Adds approximately 440 net BOEPD of stable, low-decline production. Enhances cash flow visibility with a balanced commodity mix. Strengthens Evolution's long-term dividend sustainability. Offers low-risk development opportunities with potential for incremental production growth. ~2.8x estimated Adjusted EBITDA1 for the next 12 months 2, providing immediate accretion. $9.0 million [...]
Evolution Petroleum Corp. today announced its financial and operating results for its fiscal second quarter ended December 31, 2024. The Company's diversified portfolio continues to deliver production growth, with fiscal Q2 volumes increasing 10% year-over-year to 6,935 BOEPD. Further reinforcing its commitment to shareholder returns, Evolution declared its 46th consecutive quarterly cash dividend of $0.12 per common [...]
Evolution Petroleum Corp. today announced that it plans to release its fiscal second quarter 2025 financial and operating results on Tuesday, February 11, 2025, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m [...]
Evolution Petroleum Corp. today announced its participation in an upcoming fireside chat with Water Tower Research on November 20, 2024, at 10:00 AM CT. As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Evolution's President and CEO, Kelly Loyd, Senior Vice President, CFO, and Treasurer, Ryan Stash, and COO, Mark Bunch, to discuss how [...]
- Fiscal Q1 Revenues Up 6% Y/Y to $21.9 Million, Driven by Record Oil Production - - Fiscal Q1 Net Income Increases to $2.1 Million; Adjusted EBITDA up 21% Y/Y to $8.1 Million - HOUSTON, Nov. 12, 2024 -- Evolution Petroleum Corp. today announced its financial and operating results for its fiscal first quarter ended September 30, 2024. Evolution also declared its 45th consecutive quarterly cash dividend of $0.12 per common [...]
Evolution Petroleum Corp. today announced that it plans to release its fiscal first quarter 2025 financial and operating results on Tuesday, November 12, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m [...]
Evolution Petroleum Corp. today announced its financial and operating results for its fiscal fourth quarter and full year ended June 30, 2024. Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2025 first quarter. Financial & Operational Highlights Q4 2024 Q4 2023 Q3 2024 % Change Q4/Q4 % Change Q4/Q3 Average BOEPD 7,209 6,484 7,209 11% -% Revenues $21,227 $18,174 $23,025 17% % Net [...]
Evolution Petroleum Corp. today announced that it plans to release its fourth quarter and fiscal year-end 2024 financial and operating results on Tuesday, September 10, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call [...]
Evolution Petroleum Corp. today announced its financial and operating results for its fiscal third quarter ended March 31, 2024 . Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 fourth quarter. Key Highlights Closed previously announced SCOOP/STACK acquisitions in February, adding production of ~1,550 barrels of oil equivalent per day on a pro forma basis if the acquisitions [...]
Evolution Petroleum Corp. today announced that it plans to release its fiscal third quarter 2024 financial and operating results on Tuesday, May 7, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m [...]