earnings
confidence high
sentiment positive
materiality 0.75
EPM Q3 FY22: Revenue $25.7M, prod 5,579 BOEPD, adj EBITDA $12.3M; $0.10 dividend
EVOLUTION PETROLEUM CORP
2022-Q3 EPS reported
$0.52
revenue$66,906,475
- Production 5,579 BOEPD (+13% QoQ); revenue $25.7M (+15% QoQ, +236% YoY).
- Net income $5.7M ($0.17/diluted) down 16% QoQ on $2.4M unrealized hedge loss; adjusted net income $7.7M.
- Adjusted EBITDA $12.3M, up 20% QoQ from $10.2M.
- Declared $0.10/share dividend for Q4, payable June 30; 35th consecutive quarterly dividend.
- Closed Williston Basin acquisition Jan 14, 2022; Jonah Field acquisition Apr 1, 2022; debt $37M after closing.