Evolution Petroleum Reports Revenue Growth Driven by Permian Acquisition and Increased Production
Evolution Petroleum (EPM) reported improved fiscal second-quarter results, bolstered by the full-quarter impact of its recent ownership in the Permian Basin. The company's growth strategy is highlighted by a $16 million acquisition of mineral rights in the Permian and an expanded royalty position within the Haynesville and Bossier Shale regions in Louisiana. The company reported a 6% year-over-year increase in revenue, supported by active operations involving eight drilling rigs on its acreage. These strategic acquisitions and increased production levels suggest a strengthening fiscal position as the company integrates new assets into its portfolio.
Tickers: $EPM
Topics: acquisition earnings report oil and gas production revenue growth
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Part of the story Evolution Petroleum Reports Q1 2027 Revenue Growth Amid Production Declines and Asset Monetization (2 articles)