secwatch.observer — SEC 8-K summary
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Issuer:     EVOLUTION PETROLEUM CORP (EPM)
CIK:        0001006655
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001006655-21-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolution Petroleum Q1 net income $5.2M, up 135%; declares $0.075 dividend
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- Net income $5.2M ($0.16/diluted) vs $2.2M ($0.07) prior quarter; revenue $18.9M, up 38%.
- Production 5,843 BOEPD, up 33% from prior quarter; first full quarter from Barnett Shale assets.
- Adjusted EBITDA $8.5M, up 83% from $4.7M; cash $8.0M, no net debt.
- Quarterly dividend $0.075/share declared, payable Dec 31, 2021 to holders of record Dec 15.
- Credit facility borrowing base raised to $50M ($20M increase), elected commitment $40M; adds hedging covenant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006655/000100665521000047/0001006655-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006655/000100665521000047/a8-kearningsq12022.htm
  HTML page:      https://secwatch.observer/filing/0001006655-21-000047

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