Earnings ·
Reports Q1 net loss of $3.0M and declares $0.12 quarterly dividend
EPMEvolution Petroleum Corp
Evolution Petroleum reported a fiscal first quarter 2027 net loss of $3.0 million, or $0.08 per share, compared to net income of $0.8 million in the prior-year period. Oil, natural gas, and NGL revenues increased 6% year-over-year to $22.6 million, driven by higher realized prices, while average production declined 5% to 6,978 BOEPD due to unplanned downtime and natural decline. Adjusted EBITDA decreased 6% to $6.8 million. The board also declared a $0.12 per share cash dividend payable on December 31, 2026, marking the company's 53rd consecutive quarterly payment. Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through ownership of working and royalty interests in onshore oil and natural gas properties.