Evolution Petroleum reports Q4 net income $14.9M; dividend up 20%, $25M buyback authorized

EVOLUTION PETROLEUM CORP

Q4 FY2022 net income $14.9M ($0.44/diluted), revenue $42.0M (+64% sequentially).
FY2022 net income $32.6M ($0.96/diluted) vs net loss of $16.4M in FY2021; revenue $108.9M (+233%).
Quarterly dividend increased 20% to $0.12/share, payable Sep 30, 2022 to holders of record Sep 21.
Board authorized $25M share repurchase program through Dec 31, 2024, funded from operating cash flow.
Q4 production averaged 7,451 BOEPD (+34% sequentially); proved reserves up 55% to 36.2 MMBOE.

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