Evolution Petroleum Reports Fiscal Second Quarter 2025 Results and Declares Quarterly Cash Dividend for Fiscal Third Quarter

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].