secwatch.observer — SEC 8-K summary
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Issuer:     EVOLUTION PETROLEUM CORP (EPM)
CIK:        0001006655
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001544784-24-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolution Petroleum Q3 revenue $23M, net income $0.3M, production up 14%
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- Revenue $23.0M (+10% QoQ); net income $0.3M ($0.01/diluted share) vs $1.1M prior quarter; adjusted net income $1.0M ($0.03/diluted).
- Adjusted EBITDA $8.5M (+24% QoQ); production averaged 7,209 BOEPD (+14%) with highest-ever oil output of ~2,200 BOPD.
- SCOOP/STACK acquisitions closed Feb 12, 2024; added ~1,550 BOEPD pro forma; 19 of 21 DUCs converted by quarter-end.
- Three initial Chaveroo wells met/exceed expectations; contributed ~290 BOEPD pro forma; plan to participate in 4 more wells in fiscal Q1 2025.
- Declared $0.12/sh quarterly dividend payable June 28 (record June 14); $0.8M share repurchases in Q3; FY2024 capex guidance $10-12M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006655/000154478424000029/0001544784-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006655/000154478424000029/epm-20240506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001544784-24-000029

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