secwatch.observer — SEC 8-K summary
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Issuer:     EVOLUTION PETROLEUM CORP (EPM)
CIK:        0001006655
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001006655-22-000009
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolution Petroleum Q2 net income $6.8M, raises dividend to $0.10, acquires Jonah Field for $29.4M
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- Net income $6.8M ($0.20 diluted EPS) vs $5.2M ($0.16) prior quarter; revenue $22.3M up 18%.
- Board declares increased quarterly dividend of $0.10/share, payable March 31, 2022 to holders of record March 15.
- Enters agreement to acquire non-operated working interest in Jonah Field, Wyoming for $29.4M cash.
- Acquisition adds 14.2 MMCFepd production, 42 BCFe proved reserves, expected close on or about April 1, 2022.
- Adjusted EBITDA $10.2M, cash $13.6M, no net debt; post-close debt expected below 1x annualized EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006655/000100665522000009/0001006655-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006655/000100665522000009/epm-20220208.htm
  HTML page:      https://secwatch.observer/filing/0001006655-22-000009

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