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Evolution Petroleum Corp (EPM)
NYSE MKT:EPM
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -9.51%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong start to the fiscal year with significant production and revenue growth, increased net income and EBITDA, and a consistent dividend program. Despite challenges with volatile natural gas prices and operational disruptions at Delhi, the company's diversified asset base and strategic acquisitions in SCOOP/STACK and Chaveroo provide a positive outlook.Company Guidance
During the Evolution Petroleum Fiscal First Quarter 2025 Earnings Call, the company provided several key metrics reflecting strong financial performance and strategic growth. The company reported a 16% year-over-year increase in total production, reaching 7,478 net barrels of oil equivalent per day, which contributed to a 6% rise in quarterly revenue. Net income surged by 40% to $2.1 million, and adjusted EBITDA grew by 21% to $8.1 million, highlighting effective cost management and increased production. The company maintained its robust dividend program, announcing its 45th consecutive quarterly dividend of $0.12 per share, emphasizing its commitment to returning value to shareholders. Additionally, Evolution Petroleum ended the quarter with $6.9 million in cash and borrowings of $39.5 million on its revolving credit facility. The company's diversified asset base has enabled it to adapt to market fluctuations, maintaining strong cash flows and supporting sustained dividends and growth initiatives.Strong Production Increase
Total production increased by 16% year-over-year, reaching 7,478 net barrels of oil equivalent per day, driven by SCOOP/STACK acquisitions and wells drilled and completed at Chaveroo.
Revenue Growth
Revenue increased by 6% for the quarter, supported by record oil production.
Net Income and EBITDA Growth
Net income for the first quarter increased 40% to $2.1 million compared to the prior year period, and adjusted EBITDA increased 21% to $8.1 million.
Consistent Dividend Program
Announced the 45th consecutive dividend payment, marking stability and commitment to shareholder returns.
Successful Operations at Delhi and SCOOP/STACK
Operations are on schedule at Delhi with ExxonMobil, and SCOOP/STACK wells are performing well above initial expectations, generating higher returns.
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EPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $5.39 | $5.61 | +4.08% |
| Sep 10, 2024 | $4.45 | $5.16 | +15.96% |
| May 07, 2024 | $5.15 | $5.29 | +2.72% |
| Feb 06, 2024 | $4.69 | $4.86 | +3.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Evolution Petroleum Corp (EPM) report earnings?
Evolution Petroleum Corp (EPM) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Evolution Petroleum Corp (EPM) earnings time?
Evolution Petroleum Corp (EPM) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EPM EPS forecast?
EPM EPS forecast for the fiscal quarter 2025 (Q2) is $0.06.
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