earnings
confidence high
sentiment negative
materiality 0.65
Evolution Petroleum posts FQ1 net loss of $3.0M (-$0.08/sh) on $22.6M revenue; keeps $0.12 dividend
EVOLUTION PETROLEUM CORP
- Net loss of $3.0M (-$0.08/sh) vs year-ago net income of $0.8M ($0.02); adjusted net loss $0.3M; adjusted EBITDA $6.8M vs $7.3M.
- Revenue $22.6M, up 6% YoY on 11% higher realized prices ($35.13/BOE); production 6,978 BOEPD, down 5% YoY, oil 62% of revenue.
- Declared $0.12/share dividend, 18th straight at that rate and 53rd consecutive quarterly, payable Dec 31, 2026 to holders of record Dec 15.
- Permian Minerals averaged ~218 BOE/d since Aug 20 effective date; 21 gross wells online; 853 gross PDP wells and over 1,200 drilling locations.
- Post-quarter, farmed out 636 Williston net acres for ~$2.5M plus 0.25% ORRI; debt $60.0M at 6.48%, borrowing base cut to $70.0M, liquidity $15.3M.