Evolution Petroleum reports Q1 fiscal 2023 net income $10.7M; declares $0.12 dividend, up 20%

EVOLUTION PETROLEUM CORP

2023-Q1 EPS reported $0.32 revenue$39,797,000

Revenue $39.8M, net income $10.7M ($0.32 diluted EPS); Adjusted EBITDA $17.0M.
Average daily production 7,598 BOEPD, up 2% from prior quarter and 30% YoY.
Quarterly dividend increased 20% to $0.12 per share, payable Dec 30, 2022 to holders of record Dec 15, 2022.
Debt reduced by $9.0M in quarter; net debt $1.5M; targeting full payoff by Dec 31, 2022.
Authorized $25M share repurchase program through Dec 31, 2024.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

EVOLUTION PETROLEUM CORP reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $39.8 million, net income $10.7 million, EPS $0.32 per diluted share.

Period: fiscal 2023 first quarter ended September 30, 2022
Revenue: $39.8 million
Net income: $10.7 million
EPS: $0.32 per diluted share
Result: reported results

Exact text from the filing

Recorded revenue of $39.8 million and net income of $10.7 million, or $0.32 per diluted share, for the current quarter

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Source: SEC EDGAR

accession 0001558370-22-016895

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