Evolution Petroleum Q1 FY2025 net income up 40% YoY to $2.1M; record oil production drives revenue gain

EVOLUTION PETROLEUM CORP

2025-Q1 EPS reported $0.06 revenue$21,896,000

Revenue rose 6% YoY to $21.9M, driven by record oil production and 16% total production growth to 7,478 BOEPD.
Net income of $2.1M ($0.06/diluted share) compares to $1.5M ($0.04) in prior-year quarter; adjusted EBITDA up 21% to $8.1M.
Declared $0.12/share quarterly dividend (45th consecutive), payable Dec 31, 2024 to holders of record Dec 13, 2024.
SCOOP/STACK added 7 gross wells online; expects 13 more gross wells by fiscal year-end; Chaveroo drilling block 2 to start early 2025.
Delhi CO2 supply line restored Oct 2024; CO2 purchases resumed, expected to positively impact production and revenue.

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