Evolution Petroleum revenue $33.7M, net income $10.4M, repays all debt, declares $0.12 dividend

EVOLUTION PETROLEUM CORP

2023-Q2 EPS reported $0.62 revenue$73,473,000

Q2 fiscal 2023 revenue $33.7M, net income $10.4M ($0.31 diluted EPS); YTD revenue up 78% YoY.
Adjusted EBITDA $16.4M; fully repaid $12.3M debt, now debt-free with $50M credit facility availability.
Declared $0.12/share quarterly dividend payable March 31, 2023; 38th consecutive quarterly dividend.
Q2 production 7,250 BOEPD, down 5% sequentially due to winter storms, but up 46% YoY.
FY2023 capex guidance maintained at $6.5-9.5M; share repurchase program recently initiated.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVOLUTION PETROLEUM CORP reported the fiscal 2023 second quarter ended December 31, 2022 results: revenue $33.7 million, net income $10.4 million, EPS $0.31 per diluted share.

Period: the fiscal 2023 second quarter ended December 31, 2022
Revenue: $33.7 million
Net income: $10.4 million
EPS: $0.31 per diluted share
Result: reported results

Exact text from the filing

Recorded current quarter revenue of $33.7 million and net income of $10.4 million or $0.31 per diluted share;

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Source: SEC EDGAR

accession 0001558370-23-000975

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