Evolution Petroleum Reports Q4 and Fiscal Year 2026 Earnings
Evolution Petroleum (EPM) released its fourth-quarter earnings report for fiscal year 2026, showing a net income of $4.6 million or $0.13 per diluted share, driven by an unrealized gain on derivative contracts and improved performance at the Delhi Field. Revenue rose to $24.2 million in Q4 due to higher oil and NGL prices as well as increased production. The company's adjusted EBITDA reached $6.5 million for the quarter, more than doubling from the previous period. Average daily production was 6,901 BOE per day, up slightly from the third quarter but down year-over-year by 4%. Evolution also reported proved reserves of 27.2 million barrels at fiscal year-end and completed a $16 million acquisition to add over 3,400 net royalty acres. Despite strong oil price realizations—$90.74 per barrel before hedge settlements—the company faced challenges with natural gas pricing due to regional differentials impacting the Jonah Field.
Tickers: $EPM
Topics: energy production financial performance oil realized prices