Evolution Petroleum (US:EPM)2023-03-17 18:02Company Performance & Strategy - The company's long-term goal is to maximize total shareholder return through onshore oil and natural gas properties in the United States[48] - The company is focused on a disciplined growth strategy through targeted asset M&A, reinvesting cash flow to support dividends, future drilling programs, and future acquisitions[78] - The company has a proven history of total shareholder return, with $984 million returned to shareholders since December 2013 through dividends and buybacks[53] - The company's Q2 FY23 net income was $104 million, or $031 per diluted share[28, 110] - The company generated Adjusted EBITDA of $164 million during the current quarter, with YTD FY23 Adjusted EBITDA growing 79% year over year[31] Asset Portfolio & Reserves - The company's FYE22 total proved reserves were 362 million barrels of oil equivalent (MMBOE)[83] - The company's Q2 FY23 average daily production was 7,250 BOEPD, with a commodity mix of 59% gas, 25% oil, and 16% NGL[28] - The company's FYE22 pre-tax PV-10 value of total proved reserves was $4038 million[58, 104] - The company's net debt as of 2Q 2023 was $00 million[109] Dividend & Shareholder Returns - The company has consecutively paid dividends since December 2013[53] - The company's current dividend yield is approximately 75% at $048 per share annually[17]