Evolution Petroleum — Fiscal First Quarter 2027 Earnings Summary

Evolution Petroleum reported a net loss of $3.0 million for the fiscal first quarter ended September 30, 2026, driven by unrealized losses on derivative contracts despite a 6% increase in oil, natural gas, and NGL revenues to $22.6 million. Average production for the quarter was 6,978 barrels of oil equivalent per day, with realized equivalent prices rising 11% to $35.13 per BOE due to higher oil and NGL prices. The company declared a $0.12 per share cash dividend for the second quarter, marking its 53rd consecutive quarterly payment, while returning $4.9 million to shareholders in the first quarter. Additionally, Evolution completed a farm-out of 636 net acres in the Williston Basin for approximately $2.5 million and continues to integrate recently acquired Permian Minerals assets which have exceeded production expectations.