EVOLUTION PETROLEUM CORP

Listed Company

EPMCIK 0001006655NYSENon-AcceleratedSmaller ReportingCrude Petroleum & Natural GasNevadaFY ends Jun 30

Period

FY 2025

Revenue

$85.84M

Net Income

$1.47M

Total Assets

$160.25M

Equity

$71.81M

Shares Out

35.00M

Op. Cash Flow

$33.05M

Business

EVOLUTION PETROLEUM CORP is an independent energy company that acquires, holds and manages non‑operated onshore oil and natural gas interests to maximize total shareholder return through production enhancement, selective development and strategic acquisitions. It produces and markets crude oil, natural gas and natural gas liquids and holds royalty and working interests, including override and mineral interests. Key property segments include TexMex, SCOOP/STACK, Chaveroo Field, Jonah Field, Williston Basin, Barnett Shale, Hamilton Dome and Delhi Field. Its production is sold to third‑party purchasers through field operators and, in one instance, taken in‑kind for separate marketing.

Summary from filing dated 2025-09-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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	—	—	—	—

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