Evolution Petroleum Q2 net income $1.1M, revenue $21.0M; declares $0.12 dividend

EVOLUTION PETROLEUM CORP

2024-Q2 EPS reported $0.08 revenue$41,625,000

Revenue $21.0M (+2% QoQ); net income $1.1M ($0.03 diluted EPS vs $0.04 prior).
Adjusted EBITDA $6.8M; production 6,304 BOEPD (down 2% QoQ).
Declared $0.12 per share quarterly dividend, payable March 28 to holders of record March 15.
SCOOP/STACK acquisition (expected close early Feb) adds ~1,550 BOEPD with 21 DUCs and 300 locations.
Chaveroo Field: first three wells drilled, first production early Feb 2024.

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 0.95

EVOLUTION PETROLEUM CORP reported the quarter ended December 31, 2023 results: revenue $21.0 million, net income $1.1 million, EPS $0.03 per diluted share.

Period: the quarter ended December 31, 2023
Revenue: $21.0 million
Net income: $1.1 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

reported current quarter revenue of $21.0 million and net income of $1.1 million or $0.03 per diluted share

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Source: SEC EDGAR

accession 0001558370-24-000812

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