# Evolution Petroleum (EPM) Q4 2025 Financial Results Summary
**Release Date:** September 16, 2025
Evolution Petroleum Corporation (NYSE American: EPM) reported its financial and operational results for the fiscal fourth quarter and full year ended June 30, 2025. The results revealed significant growth in key financial metrics, marking a notable period for the Company.
## Financial & Operational Highlights
– **Average Daily Production:**
– Q4 2025: 7,198 BOEPD (Barrels of Oil Equivalent per Day)
– Q4 2024: 7,209 BOEPD
– Q3 2025: 6,667 BOEPD
– **Change Y/Y:** Flat compared to the previous year; **Change Q/Q:** Up 8%
– **Total Revenues:**
– Q4 2025: $21.1 million
– Q4 2024: $21.2 million
– Q3 2025: $22.6 million
– **Change Y/Y:** Decreased by 1%
– **Change Q/Q:** Decreased by 6%
– **Net Income:**
– Q4 2025: $3.4 million ($0.10 per diluted share)
– Q4 2024: $1.2 million ($0.04 per diluted share)
– Q3 2025: -$2.2 million
– **Change Y/Y:** Increased by 176%
– **Change Q/Q:** Not Meaningful (NM)
– **Adjusted Net Income:**
– Q4 2025: $1.1 million ($0.03 per diluted share)
– Q4 2024: $1.1 million ($0.02 per diluted share)
– Q3 2025: $0.8 million
– **Change Y/Y:** Increased by 3%
– **Change Q/Q:** Increased by 40%
– **Adjusted EBITDA:**
– Q4 2025: $8.6 million
– Q4 2024: $8.0 million
– Q3 2025: $7.4 million
– **Change Y/Y:** Increased by 7%
– **Change Q/Q:** Increased by 16%
– **Revenue Breakdown:**
– Oil: 61%
– Natural Gas: 27%
– Natural Gas Liquids (NGLs): 12%
– **Shareholder Returns:**
– $4.1 million returned in dividends during Q4 and $16.3 million for the full year 2025.
– Declared a cash dividend of **$0.12 per share** for Q1 of fiscal 2026, marking the 13th consecutive quarterly dividend and 48th consecutive payment of dividends.
– **Debt and Liquidity:**
– Amended credit facility: Established a $200 million revolving line of credit with a $65 million initial borrowing base, maturing June 30, 2028.
– Q4 cash and equivalents: $2.5 million with total liquidity of $30 million.
## Detailed Financial Metrics and Yearly Performance
– **Natural Gas Revenue:** Increased by 9% to **$23.5 million**.
– **NGL Revenue:** Increased by 3% to **$11.2 million**.
**Production Summary:**
– Total production in fiscal 2025 averaged **7,074 BOEPD**, up 4% from fiscal 2024.
– Natural gas production saw a **66%** increase in prices.
**Operational Insights:**
– Completed and brought online four new wells at Chaveroo under budget, exceeding pre-drill expectations.
– Ongoing exploration and development activities across newly acquired mineral acreage, including the largest minerals-only acquisition in SCOOP/STACK for approximately **$17 million**.
### Conclusion
– The Company highlighted its strong performance amidst price volatility in the commodity market, underscoring its diversified energy portfolio.
– Continued operational improvements and strategic acquisitions are set to enhance future profitability and cash flow for Evolution Petroleum.
**Dividends:** The $0.12 per share cash dividend for Q1 of fiscal 2026 underscores the Company’s commitment to returning capital to shareholders while continuing to grow operational capacity and improve financial health.
Here are the extracted tables from the press release formatted in Markdown:
### Evolution Petroleum Corporation Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)
| Three Months Ended | Years Ended | |||
|---|---|---|---|---|
| June 30, 2025 | March 31, 2024 | June 30, 2025 | June 30, 2024 | |
| Revenues | ||||
| Crude oil | $ 12,833 | $ 14,533 | $ 11,769 | $ 51,102 |
| Natural gas | $ 5,648 | $ 3,582 | $ 7,790 | $ 23,516 |
| Natural gas liquids | $ 2,627 | $ 3,112 | $ 3,002 | $ 11,222 |
| Total revenues | $ 21,108 | $ 21,227 | $ 22,561 | $ 85,840 |
| Operating costs | ||||
| Lease operating costs | $ 11,367 | $ 11,408 | $ 13,388 | $ 49,338 |
| Depletion, depreciation, and accretion | $ 5,821 | $ 5,302 | $ 5,014 | $ 21,993 |
| General and administrative expenses | $ 2,580 | $ 2,114 | $ 2,573 | $ 10,334 |
| Total operating costs | $ 19,768 | $ 18,824 | $ 20,975 | $ 81,665 |
| Income (loss) from operations | $ 1,340 | $ 2,403 | $ 1,586 | $ 4,175 |
| Other income (expense) | ||||
| Net gain (loss) on derivative contracts | $ 3,696 | $ -109 | $ -3,802 | $ 473 |
| Interest and other income | $ 27 | $ 59 | $ 55 | $ 191 |
| Interest expense | $ -678 | $ -875 | $ -705 | $ -2,970 |
| Income (loss) before income taxes | $ 4,385 | $ 1,478 | $ -2,866 | $ 1,869 |
| Income tax (expense) benefit | $ -973 | $ -243 | $ 687 | $ -396 |
| Net income (loss) | $ 3,412 | $ 1,235 | $ -2,179 | $ 1,473 |
| Net income (loss) per common share: | ||||
| Basic | $ 0.10 | $ 0.04 | $ -0.07 | $ 0.03 |
| Diluted | $ 0.10 | $ 0.04 | $ -0.07 | $ 0.03 |
| Weighted average number of common shares | ||||
| outstanding: | ||||
| Basic | 33,553 | 32,679 | 33,433 | 33,158 |
| Diluted | 33,723 | 32,835 | 33,433 | 33,323 |
—
### Evolution Petroleum Corporation Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except share and per share amounts)
| June 30, 2025 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,507 | $ 6,446 |
| Receivables from crude oil, natural gas, and natural gas liquids revenues | $ 10,804 | $ 10,826 |
| Derivative contract assets | $ 1,777 | $ 596 |
| Prepaid expenses and other current assets | $ 2,287 | $ 3,855 |
| Total current assets | $ 17,375 | $ 21,723 |
| Property and equipment, net of depletion, depreciation, and impairment | ||
| Oil and natural gas properties, net—full-cost method of accounting, of which none were excluded from amortization | $ 142,248 | $ 139,685 |
| Other noncurrent assets | ||
| Derivative contract assets | $ 198 | $ 171 |
| Other assets | $ 431 | $ 1,298 |
| Total assets | $ 160,252 | $ 162,877 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $ 12,901 | $ 8,308 |
| Accrued liabilities and other | $ 6,909 | $ 6,239 |
| Derivative contract liabilities | $ 1,577 | $ 1,192 |
| State and federal taxes payable | — | $ 74 |
| Total current liabilities | $ 21,387 | $ 15,813 |
| Long term liabilities | ||
| Senior secured credit facility | $ 37,500 | $ 39,500 |
| Deferred income taxes | $ 6,234 | $ 6,702 |
| Asset retirement obligations | $ 21,535 | $ 19,209 |
| Derivative contract liabilities | $ 1,783 | $ 468 |
| Operating lease liability | — | $ 58 |
| Total liabilities | $ 88,439 | $ 81,750 |
| Commitments and contingencies | ||
| Stockholders’ equity | ||
| Common stock; par value $0.001; 100,000,000 shares authorized, issued and outstanding 34,337,188 and 33,339,535 shares as of June 30, 2025 and 2024, respectively | $ 34 | $ 33 |
| Additional paid-in capital | $ 46,650 | $ 41,091 |
| Retained earnings | $ 25,129 | $ 40,003 |
| Total stockholders’ equity | $ 71,813 | $ 81,127 |
| Total liabilities and stockholders’ equity | $ 160,252 | $ 162,877 |
