Earnings Releases·Nov 10, 2026, 4:36 PM ET

Evolution Petroleum — Fiscal First Quarter 2027 Earnings Summary

Revenue increased 6% year-over-year to $22.6 million, driven by an 11% rise in average realized equivalent price to $35.13 per BOE, while net loss widened to $3.0 million ($0.08/share) compared to net income of $0.8 million in the prior year.
Adjusted EBITDA declined 6% to $6.8 million and production fell 5% to 6,978 BOEPD due to unplanned downtime and natural decline, though the Permian Minerals portfolio exceeded expectations with 21 new wells online.
Management expects production growth in Q2 following full integration of the Permian Minerals portfolio and anticipates cash flow contributions from new wells in Haynesville and Bossier Shale, while negotiating farmouts for nonproducing acreage.
The company declared a $0.12 per share dividend for Q2 (53rd consecutive), returned $4.9 million to shareholders in Q1, and completed a $2.5 million farmout in the Williston Basin, maintaining total liquidity of $15.3 million against $60.0 million in borrowings.