Production Performance - Fiscal Q2 production increased 10% year-over-year to 6,935 average BOEPD, with oil production up 13%, natural gas up 9%, and NGLs up 9%[5] - Average daily production for the six months ended December 31, 2024, was 7,212 BOEPD, an increase from 6,380 BOEPD in the same period of 2023[38] - Average daily production increased to 6,935 BOEPD from 6,304 BOEPD in the previous quarter[41] - The company reported a total of 638 MBOE in equivalent production for the three months ended December 31, 2024, compared to 580 MBOE in the same period of 2023, indicating a production increase[38] - Total crude oil production for the three months ended December 31, 2024, was 179 MBBL, an increase from 159 MBBL in the previous quarter, with an average sales price of $65.72 per barrel[41] - Natural gas production reached 2,125 MMCF, up from 1,951 MMCF in the previous quarter, with an average sales price of $2.73 per MCF[41] - The company reported a significant increase in production from the SCOOP/STACK area, with crude oil production of 35 MBBL and an average price of $70.52 per barrel for the current quarter[41] - The Delhi Field produced 60 MBBL of crude oil at an average price of $68.66 per barrel, showing a decrease from 78 MBBL at $79.02 per barrel in the previous quarter[41] Financial Performance - Total revenues decreased 4% to $20.3 million compared to $21.0 million in the year-ago quarter, primarily due to a 12% decrease in average realized commodity prices[9] - The Company reported a net loss of $1.8 million or $(0.06) per share, compared to net income of $1.1 million or $0.03 per share in the year-ago period[13] - Adjusted EBITDA was $5.7 million compared to $6.8 million in the year-ago period, primarily due to decreased revenue from lower commodity prices[14] - Total revenues for the three months ended December 31, 2024, were $20,275,000, a decrease of 3.5% from $21,024,000 in the same period of 2023[27] - Net income for the three months ended December 31, 2024, was a loss of $1,825,000 compared to a net income of $1,082,000 in the same period of 2023[27] - Adjusted EBITDA for the six months ended December 31, 2024, was $13,813,000, an increase of 2.0% from $13,535,000 in the same period of 2023[33] - The company incurred interest expense of $764,000 for the three months ended December 31, 2024, compared to $34,000 in the same period of 2023[33] - The company paid common stock dividends of $4,082,000 during the three months ended December 31, 2024[30] - The unrealized loss on commodity contracts for the three months ended December 31, 2024, was $1,368 thousand, impacting the net income significantly[34] Costs and Expenses - Lease operating costs increased to $12.8 million, driven by the addition of SCOOP/STACK properties, with total LOE decreasing 6% to $20.05 per BOE[10] - The company reported lease operating costs of $12,793,000 for the three months ended December 31, 2024, up from $12,358,000 in the same period of 2023[27] - Lease operating costs for the three months ended December 31, 2024, totaled $12,793 thousand, compared to $12,358 thousand in the same period of 2023, an increase of about 3.5%[38] - Total production costs for the three months ended December 31, 2024, were $12,793,000, with an average cost of $20.05 per BOE, compared to $12,358,000 and $21.30 per BOE in the previous quarter[43] - The average production cost for the Barnett Shale was $18.03 per BOE, an increase from $16.31 per BOE in the previous quarter[43] Liquidity and Assets - Cash and cash equivalents totaled $11.7 million, with total liquidity of $22.2 million as of December 31, 2024[21] - Cash and cash equivalents increased to $11,667,000 as of December 31, 2024, from $6,446,000 at the beginning of the period[30] - Total current assets rose to $26,987,000 as of December 31, 2024, compared to $21,723,000 as of June 30, 2024[29] - Total liabilities increased to $83,915,000 as of December 31, 2024, from $81,750,000 as of June 30, 2024[29] Dividends and Shareholder Returns - The Company declared a quarterly cash dividend of $0.12 per share for the fiscal 2025 third quarter, marking the 46th consecutive quarterly dividend[22] - The weighted average number of common shares outstanding for the three months ended December 31, 2024, was 32,934,000[27] - The net income per common share, diluted, as reported for the three months ended December 31, 2024, was $(0.06), compared to $0.03 for the same period in 2023[34] Strategic Initiatives - The Company is evaluating multiple acquisition opportunities to enhance long-term growth strategy and improve cash flow generation[8] Commodity Prices - Average realized commodity price decreased 12% to $31.78 per BOE, driven by a 19% decrease in realized natural gas prices year-over-year[16] - The average price per barrel of crude oil for the three months ended December 31, 2024, was $65.72, down from $73.96 in the same period of 2023, reflecting a decrease of approximately 16.0%[38] - The average sales price for natural gas liquids was $25.90 per barrel, compared to $28.48 per barrel in the previous quarter, with total production of 105 MBBL[41]

Core Viewpoint - Evolution Petroleum Corporation reported a 10% year-over-year increase in production for fiscal Q2 2025, reaching an average of 6,935 BOEPD, while also declaring a quarterly dividend of $0.12 per share for the upcoming quarter, marking its 46th consecutive dividend payment [1][4]. Financial & Operational Highlights - Average production increased to 6,935 BOEPD from 6,304 BOEPD in the previous year, with oil production up 13%, natural gas up 9%, and NGLs up 9% [2][5][14]. - Total revenues decreased by 4% to $20.3 million compared to $21.0 million in the same quarter last year, primarily due to a 12% decrease in average realized commodity prices [2][7]. - The company reported a net loss of $1.8 million or $(0.06) per share, compared to a net income of $1.1 million or $0.03 per share in the prior year [11][12]. - Adjusted EBITDA was $5.7 million, down from $6.8 million in the year-ago period, attributed to lower revenues and higher operating costs [12][34]. Production & Pricing - The average realized commodity price decreased by 12% to $31.78 per BOE, driven by a 19% drop in realized natural gas prices [15][40]. - Total production for fiscal Q2 included 1,946 BOPD of crude oil, 3,848 BOEPD of natural gas, and 1,141 BOEPD of NGLs, with oil and NGLs generating 71% of revenue [14][40]. Operations Update - The company successfully brought three gross wells online in the SCOOP/STACK area during fiscal Q2 2025, with additional drilling activities planned [16][17]. - Production issues at Chaveroo and Williston were resolved, leading to a recovery in production rates by the end of January 2025 [4][18]. Balance Sheet, Liquidity, and Capital Spending - As of December 31, 2024, cash and cash equivalents totaled $11.7 million, with total liquidity of $22.2 million [20]. - The company paid $4.1 million in dividends during the fiscal second quarter and incurred $0.8 million in capital expenditures [20][21]. Future Outlook - The company remains focused on long-term shareholder value through acquisitions and maintaining a strong financial foundation, with plans to evaluate multiple acquisition opportunities [6][24].

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]

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]

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]

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) 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 ...

– 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 ...

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 ...

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 ...