EVOLUTION PETROLEUM CORP
Business
Evolution Petroleum Corporation is an independent energy company that owns non-operating working interests and royalty interests in eight producing oil and natural gas properties across Oklahoma, Texas, New Mexico, Wyoming, North Dakota, and Louisiana. The company generates revenue from crude oil, natural gas, and natural gas liquids sales, with properties operated by third parties including Continental Resources, EOG Resources, and Diversified Energy Company. It returns cash to shareholders through dividends and share repurchases.
Summary from 10-K filed 2025-09-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Total revenues | 86 | 86 | 129 | 109 | 33 | |
| Lease operating costs | 49 | 48 | 60 | 49 | 17 | |
| Depletion, depreciation, and accretion | 22 | 20 | 14 | 8 | 5 | |
| General and administrative expenses | 10 | 10 | 10 | 7 | 7 | |
| Total operating costs | 82 | 78 | 83 | 64 | 53 | |
| Income (loss) from operations | 4 | 8 | 45 | 45 | −21 | |
| Net gain (loss) on derivative contracts | 473,000 | −1 | 513,000 | −4 | −615,000 | |
| Interest and other income | 191,000 | 342,000 | — | — | — | |
| Interest expense | −3 | −1 | −458,000 | — | — | |
| Income (loss) before income taxes | 2 | 5 | 45 | 41 | −21 | |
| Income tax (expense) benefit | −400,000 | −1 | −10 | −9 | 5 | |
| Net income (loss) | 1 | 4 | 35 | 33 | −16 | |
| Basic (in dollars per share) | 0.03 | 0.12 | 1.05 | 0.97 | −0.5 | |
| Diluted (in dollars per share) | 0.03 | 0.12 | 1.04 | 0.96 | −0.5 | |
| Basic (in shares) | 33 | 33 | 33 | 33 | 33 | |
| Diluted (in shares) | 33 | 33 | 33 | 33 | 33 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 6 | 11 | 8 | 5 | |
| Receivables from crude oil, natural gas, and natural gas liquids revenues | 11 | 11 | 8 | 24 | 9 | |
| Derivative contract assets | 2 | 596,000 | — | 170,000 | — | |
| Prepaid expenses and other current assets | 2 | 4 | 2 | 4 | 1 | |
| Total current assets | 17 | 22 | 21 | 36 | 18 | |
| Oil and natural gas properties, net-full-cost method of accounting, of which none were excluded from amortization | 142 | 140 | 106 | 111 | 59 | |
| Derivative contract assets | 198,000 | 171,000 | — | — | — | |
| Other assets | 431,000 | 1 | 1 | 1 | 71,000 | |
| Total assets | 160 | 163 | 128 | 148 | 77 | |
| Accounts payable | 13 | 8 | 6 | 15 | 2 | |
| Accrued liabilities and other | 7 | 6 | — | — | — | |
| Derivative contract liabilities | 2 | 1 | — | 2 | 0 | |
| State and federal taxes payable | — | 74,000 | 365,000 | 1 | 38,000 | |
| Total current liabilities | 21 | 16 | 12 | 30 | 7 | |
| Senior secured credit facility | 38 | 40 | — | 21 | 4 | |
| Deferred income taxes | 6 | 7 | 7 | 7 | 6 | |
| Asset retirement obligations | 22 | 19 | 17 | 14 | 6 | |
| Derivative contract liabilities | 2 | 468,000 | — | — | — | |
| Operating lease liability | — | 58,000 | 125,000 | — | 21,000 | |
| Total liabilities | 88 | 82 | 36 | 73 | 22 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 34,337,188 and 33,339,535 shares as of June 30, 2025 and 2024, respectively | 34,000 | 33,000 | 33,000 | 33,000 | 34,000 | |
| Additional paid-in capital | 47 | 41 | 40 | 43 | 43 | |
| Retained earnings | 25 | 40 | 52 | 33 | 12 | |
| Total stockholders' equity | 72 | 81 | 92 | 76 | 55 | |
| Total liabilities and stockholders' equity | 160 | 163 | 128 | 148 | 77 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1 | 4 | 35 | 33 | −16 | |
| Stock-based compensation | 2 | 2 | 2 | 125,000 | 1 | |
| Settlement of asset retirement obligations | −385,000 | −20,000 | −174,000 | — | −101,000 | |
| Deferred income taxes | −468,000 | −101,000 | −296,000 | 1 | −5 | |
| Unrealized (gain) loss on derivative contracts | 492,000 | 893,000 | −2 | 2 | 615,000 | |
| Accrued settlements on derivative contracts | −251,000 | 67,000 | −919,000 | 919,000 | −3 | |
| Other | −8,000 | — | −4,000 | −10,000 | 10,000 | |
| Receivables from crude oil, natural gas, and natural gas liquids revenues | 75,000 | −3 | 18 | −11 | −7 | |
| Prepaid expenses and other current assets | 3 | −2 | −692,000 | −538,000 | −546,000 | |
| Accounts payable and accrued liabilities and other | 5 | 374,000 | — | — | — | |
| State and federal taxes payable | −74,000 | −291,000 | −730,000 | 1 | −141,000 | |
| Net cash provided by operating activities | 33 | 23 | 51 | 52 | 5 | |
| Acquisition of oil and natural gas properties | −9 | −39 | −31,000 | −53 | −18 | |
| Capital expenditures for oil and natural gas properties | −13 | −11 | −7 | −2 | −472,000 | |
| Net cash used in investing activities | −22 | −50 | −7 | −55 | −19 | |
| Common stock dividends paid | −16 | −16 | −16 | −12 | −4 | |
| Common stock repurchases, including stock surrendered for tax withholding | −442,000 | −1 | −4 | −38,000 | −7,000 | |
| Borrowings under senior secured credit facility | 2 | 43 | — | 34 | 7 | |
| Repayments of senior secured credit facility | −4 | −3 | −21 | −17 | −3 | |
| Debt issuance costs | −90,000 | — | — | — | — | |
| Issuance of common stock | 4 | — | — | — | — | |
| Offering costs | −310,000 | — | — | — | — | |
| Net cash provided by (used in) financing activities | −15 | 22 | −42 | 5 | −349,000 | |
| Net increase (decrease) in cash and cash equivalents | −4 | −5 | 3 | 3 | −14 | |
| Cash paid for interest on senior secured credit facility | 3 | 1 | 498,000 | 523,000 | 86,000 | |
| Cash paid for income taxes | 874,000 | 3 | 12 | 6 | 758,000 | |
| Cash refunded from income taxes | 1 | — | — | 3 | 142,000 | |
| Increase (decrease) in accrued capital expenditures for oil and natural gas properties | −79,000 | −2 | 766,000 | 1 | −80,000 | |
| Oil and natural gas property costs attributable to the recognition of asset retirement obligations | 800,000 | 887,000 | 2 | 8 | 3 | |
| Accrued debt issuance costs | 275,000 | — | — | — | — | |
| Accrued offering costs | 10,000 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EVOLUTION PETROLEUM CORP's CIK number?
EVOLUTION PETROLEUM CORP's SEC CIK number is 0001006655 (1006655). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EVOLUTION PETROLEUM CORP's SEC filings?
All of EVOLUTION PETROLEUM CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EVOLUTION PETROLEUM CORP last report earnings?
EVOLUTION PETROLEUM CORP (EPM) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-059493). This is EVOLUTION PETROLEUM CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is EVOLUTION PETROLEUM CORP's most recent earnings 8-K?
EVOLUTION PETROLEUM CORP's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001104659-26-059493. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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