---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017996"
form_type: "8-K"
ticker: "EPM"
cik: "0001006655"
company_name: "EVOLUTION PETROLEUM CORP"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T12:52:13.488157+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Evolution Pet Q1 revenue $20.6M (up 13% QoQ), net income $1.5M; Chaveroo wells spud; $0.12 dividend

## Summary
- Net income $1.5M ($0.04 diluted EPS) vs. $0.2M prior quarter; Adjusted EBITDA $6.7M (up 43% QoQ).
- Revenue $20.6M up 13% QoQ driven by 13% higher realized oil prices; avg realized price $34.68/BOE.
- Production flat at 6,457 BOEPD; zero net decline rate; improved operations at Jonah, Williston, Delhi.
- Entered Chaveroo Field JV with PEDEVCO; first 2 horizontal wells spud after quarter; 3 wells expected online Q3 FY2024.
- Declared $0.12/share quarterly dividend payable Dec 29, 2023 to holders of record Dec 15; 41st consecutive quarterly dividend.

## SEC filing metadata
- accession: 0001558370-23-017996
- form_type: 8-K
- ticker: EPM
- cik: 0001006655
- company_name: EVOLUTION PETROLEUM CORP
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006655/000155837023017996/0001558370-23-017996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006655/000155837023017996/epm-20231106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017996
- JSON: https://secwatch.observer/filing/0001558370-23-017996.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017996.txt

## Key facts
- Earnings Releases
  EVOLUTION PETROLEUM CORP reported fiscal first quarter ended September 30, 2023 results: revenue $20.6 million, net income $1.5 million, EPS $0.04 per diluted share.
  - Period: fiscal first quarter ended September 30, 2023
  - Revenue: $20.6 million
  - Net income: $1.5 million
  - EPS: $0.04 per diluted share
  - Result: reported results
  source text: in the Permian Basin in New Mexico. o Spudded the first two wells of a three well pad after the end of the current quarter. ● Reported sequential growth in revenue of 13% to $20.6 million, net income of 788% to $1.5 million, and earnings per share from $0.00 to $0.04 per diluted share. ● Generated Adjusted EBITDA 1 of $6.7 million for the current quarter – an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006655/000155837023017996/0001558370-23-017996-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.