Evolution Petroleum reports record Q3 revenue $36.9M, net income $14.0M; declares $0.12 dividend

EVOLUTION PETROLEUM CORP

2023-Q3 EPS reported $1.04 revenue$110,340,000

Fiscal Q3 revenue $36.9M (record), net income $14.0M ($0.41 diluted EPS), Adjusted EBITDA $22.0M.
Production 7,089 BOEPD; natural gas revenue up 24% sequentially on 34% higher realized pricing.
Declared Q4 dividend $0.12/share, 20% increase YoY; payable June 30, 2023 to holders of record June 15, 2023.
Repurchased $3.9M of shares during quarter; ended with no debt and $68.4M liquidity.

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 fiscal third quarter ended March 31, 2023 results: revenue record $36.9 million, net income record $14.0 million, EPS $0.41 per diluted share.

Period: fiscal third quarter ended March 31, 2023
Revenue: record $36.9 million
Net income: record $14.0 million
EPS: $0.41 per diluted share
Result: reported results

Exact text from the filing

Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34% to a record $14.0 million or $0.41 per diluted share

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Source: SEC EDGAR

accession 0001558370-23-008841

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