Evolution Petroleum reports record FY2023 revenue $128.5M, EPS $1.04, declares $0.12 dividend

EVOLUTION PETROLEUM CORP

FY2023 revenue $128.5M (+18% YoY); net income $35.2M ($1.04 diluted EPS), up 8%.
Production 7,104 BOEPD (+19% YoY); adjusted EBITDA $60.1M (+14% YoY).
Q4 revenue $18.2M, net income $0.2M ($0.00 EPS) – down sharply from prior quarter.
Quarterly dividend $0.12/share (Sep 29 pay date); FY2023 dividends $0.48/share, up 37% YoY.
Zero debt, liquidity $61M; FY2024 capex guidance $4-5M; share repurchases $3.9M in FY2023.

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 year ended June 30, 2023 results: revenue $128.5 million, net income $35.2 million, EPS $1.04 per diluted share.

Period: fiscal year ended June 30, 2023
Revenue: $128.5 million
Net income: $35.2 million
EPS: $1.04 per diluted share
Result: reported results

Exact text from the filing

Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 first quarter. Key Highlights ● Increased revenue 18% over the prior year to $128.5 million, increased net income year-over-year ("YoY") by 8% to $35.2 million, and increased earnings per share 8% to $1.04 per diluted share. ● Generated Adjusted EBITDA 1 of $60.1

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVOLUTION PETROLEUM CORP reported financial results for fiscal fourth quarter ended June 30, 2023.

Period: fiscal fourth quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal fourth quarter and full year ended June 30, 2023.

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Source: SEC EDGAR

accession 0001558370-23-015660

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