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Evolution Petroleum Schedules Fiscal Second Quarter 2025 Earnings Release and Conference Call
Newsfilter· 2025-01-30 21:00
Group 1 - Evolution Petroleum Corporation plans to release its fiscal second quarter 2025 financial and operating results on February 11, 2025, after market close [1] - A conference call to review the results will be held on February 12, 2025, at 10:00 a.m. Central Time, featuring key executives [1][2] - The company focuses on maximizing total shareholder returns through ownership and investment in onshore oil and natural gas properties in the U.S. [3] Group 2 - Evolution Petroleum aims to build a diversified portfolio of long-life oil and natural gas properties through acquisitions and selective development opportunities [3] - The company holds non-operated interests in various regions, including the SCOOP/STACK plays in Oklahoma and the Williston Basin in North Dakota [3] - Additional properties include the Chaveroo Oilfield in New Mexico and the Barnett Shale in North Texas, among others [3]
Evolution Petroleum: While Dividend Yield May Look Nice, My Bet Is On Future Energy Demand
Seeking Alpha· 2024-12-24 08:01
Core Insights - The Future Investor with Albert Anthony is a new author concept on the Seeking Alpha platform, focusing on diversified portfolio growth and performance drivers across multiple sectors [1] - Albert Anthony, a contributing analyst, has covered over 200 stocks since 2023 and has gained over 1.07K followers [1] - A new book titled "The Future Investor: Growing a Diversified Portfolio (2025 edition)" is in development [1] Author Background - Albert Anthony is a first-generation Croatian-American from the New York City/New Jersey area, with experience as an information systems analyst at Charles Schwab [1] - He holds a B.A. in political science from Drew University and has completed certification programs from various institutions, focusing on capital markets and securities [1] - His interests include managing a small equities portfolio called the Future Investor Fund and attending business and innovation conferences [1] Media Presence - The Future Investor channel was launched on YouTube in late 2024 to complement the articles, providing video updates and market commentary [1] - Albert Anthony is an active member of the Croatian Association of Economists since 2024 [1]
Evolution Petroleum to Participate in Water Tower Research Fireside Chat on November 20th
GlobeNewswire News Room· 2024-11-18 22:52
Core Insights - Evolution Petroleum Corporation will participate in a fireside chat with Water Tower Research on November 20, 2024, at 10:00 AM CT [1] - The discussion will focus on Evolution's rebalanced asset portfolio, capital allocation options, and long-term dividend policy [2] Company Overview - Evolution Petroleum is an independent energy company focused on maximizing total shareholder returns through investments in onshore oil and natural gas properties in the U.S. [4] - The company aims to maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions and selective development opportunities [4] - Key properties include interests in the SCOOP/STACK plays in Oklahoma, Chaveroo Oilfield in New Mexico, Jonah Field in Wyoming, Williston Basin in North Dakota, and others [4] Event Details - The fireside chat will be led by Jeff Robertson, Managing Director at Water Tower Research, featuring Evolution's President and CEO, CFO, and COO [2] - Topics will include capital allocation priorities, the impact of recent acquisitions on organic growth, and future acquisition opportunities [2] - The event is open to all investors, with registration available and replays of the webcast to be provided [3]
Evolution Petroleum (EPM) - 2025 Q1 - Earnings Call Transcript
2024-11-15 14:51
Financial Data and Key Metrics Changes - Total revenues for fiscal Q1 2025 were $21.9 million, a 6% increase year-over-year, primarily driven by increased production volumes from the SCOOP/STACK acquisition and new drills [21] - Net income rose 40% to $2.1 million compared to the prior year period, while adjusted EBITDA increased 21% to $8.1 million due to higher revenue and reduced operating costs [22] - Cash flow from operations increased significantly to $7.6 million for the quarter, up from $4.3 million in the prior year [22] - The company ended the quarter with $6.9 million in cash and $39.5 million in borrowings under its revolving credit facility, resulting in total liquidity of $17.4 million [25] Business Line Data and Key Metrics Changes - Total production increased by 16% year-over-year, reaching 7,478 net barrels of oil equivalent per day, supported by strong performance from SCOOP/STACK and Chaveroo [10] - Production from the three horizontal San Andres wells in Chaveroo met expectations, contributing positively to overall production [10] - At Delhi, production improved quarter-over-quarter due to the replacement of a CO2 recycle compressor and resumed CO2 purchases [18] Market Data and Key Metrics Changes - The company faced the lowest natural gas pricing environment since the COVID-19 pandemic in calendar 2024, yet continued to generate positive cash flow [23] - The production operations in the Williston Basin were impacted by high-volume wells going down, but production was quickly restored [19] Company Strategy and Development Direction - The company focuses on diversifying its portfolio to mitigate exposure to commodity price volatility, emphasizing assets with steady, predictable returns [9] - Future growth will be driven by disciplined capital management, strategic deployment in high-return regions, and ongoing evaluation of accretive M&A opportunities [14][15] - The commitment to returning value to shareholders is highlighted by a consistent dividend program, marking the 45th consecutive dividend payment [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the adaptability of the diversified asset base to thrive under various market conditions, particularly in light of fluctuating natural gas prices [9][28] - The company anticipates continued strong liquids production in fiscal year 2025, enhancing cash flow for the future [10] Other Important Information - The company plans to drill four horizontal wells in Chaveroo and has agreed to participate in five additional gross horizontal wells in SCOOP/STACK [17][39] - The company has a strong commitment to maintaining a disciplined approach to capital expenditures, with expectations of $12 million to $14.5 million for the full fiscal year [44] Q&A Session Summary Question: Expectations for the next batch of wells in SCOOP/STACK - Management indicated that the new wells are expected to perform similarly to previous wells, which exceeded initial type curve projections by approximately 65% [31][32] Question: Production uplift and CapEx expectations for Chaveroo - The expected production uplift is around 220 barrels per day gross per well, with CapEx for drilling estimated at $3.5 million per well [39] Question: CO2 purchases and production response timeline at Delhi - Management expects to see a production response within a month of resuming CO2 purchases, with an overall upward movement anticipated [46][50] Question: M&A activity and market conditions - Management noted an increase in potential deals and seller willingness, indicating a favorable environment for acquisitions [53][54] Question: Changes in drilling and completion for upcoming wells at Chaveroo - The company plans to use produced water for drilling to control costs, which is a change from previous practices [58]
Evolution Petroleum (EPM) Q1 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-13 00:26
Evolution Petroleum (EPM) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.06 per share when it actually produced earnings of $0.03, delivering a surprise of -50%.Over the last four quarters, t ...
Evolution Petroleum Reports First Quarter Fiscal 2025 Results and Declares Quarterly Cash Dividend for the Fiscal 2025 Second Quarter
GlobeNewswire News Room· 2024-11-12 21:15
– 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 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") 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 share for t ...
Evolution Petroleum Schedules Fiscal First Quarter 2025 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-10-29 20:15
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") 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 ...
Evolution Petroleum (EPM) to Report Q1 Results: What Awaits?
ZACKS· 2024-10-29 15:07
Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when Evolution Petroleum (EPM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its nearterm stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they mi ...
Evolution Petroleum Reports Fourth Quarter and Full Year Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2025 First Quarter
GlobeNewswire News Room· 2024-09-10 20:15
- Fiscal Q4 Revenues Up 17% Y/Y to $21.2 Million - - Fiscal Q4 Net Income Increases to $1.2 Million; Adjusted EBITDA up 72% Y/Y to $8.0 Million - _______________________ HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") 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 f ...
Evolution Petroleum Schedules Fiscal Year End 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-08-29 22:05
HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced that it plans to release its fourth quarter and fiscal yearend 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 co ...