Evolution Petroleum Reports Q4 Earnings Recovery with Improved Production and Revenue
Evolution Petroleum Corporation reported a rebound in fourth-quarter results driven by increased production, improved operating costs, and higher oil and NGL prices. Sequentially, the company's production rose to 6,901 BOE per day, revenue climbed 20% year-over-year to $24.2 million, and adjusted EBITDA more than doubled to $6.5 million. The firm expanded its mineral portfolio with a $16 million acquisition in the Permian Midland Basin, adding over 3,400 net royalty acres and boosting production by more than 200 BOE per day. Evolution also maintained strong liquidity at approximately $19 million post-acquisition and declared another consecutive quarterly dividend of $0.12 per share. Despite the positive results, natural gas realizations remained weak, partially offsetting gains from other areas. The company expects modest capital spending in fiscal 2027 between $4 million to $6 million.
Tickers: $EPM
Topics: acquisition EBITDA oil production revenue