Aankondiging • May 02
Evolution Petroleum Corporation to Report Q3, 2026 Results on May 12, 2026 Evolution Petroleum Corporation announced that they will report Q3, 2026 results After-Market on May 12, 2026 Aankondiging • Feb 11
Evolution Petroleum Declares Cash Dividend for the Fiscal Third Quarter of 2026, Payable on March 31, 2026 On February 9, 2026, Evolution's Board of Directors declared a cash dividend of $0.12 per share of common stock, payable on March 31, 2026, to common stockholders of record on March 16, 2026. Aankondiging • Jan 28
Evolution Petroleum Corporation to Report Q2, 2026 Results on Feb 10, 2026 Evolution Petroleum Corporation announced that they will report Q2, 2026 results After-Market on Feb 10, 2026 Aankondiging • Nov 12
Evolution Petroleum Corporation Announces Quarterly Cash Dividend, Payable on December 31, 2025 On November 10, 2025, Evolution's Board of Directors declared a cash dividend of $0.12 per share of common stock, payable on December 31, 2025, to common stockholders of record as of December 15, 2025. This will be the 49th consecutive quarterly cash dividend on the Company's common stock since December 31, 2013. Aankondiging • Oct 29
Evolution Petroleum Corporation to Report Q1, 2026 Results on Nov 11, 2025 Evolution Petroleum Corporation announced that they will report Q1, 2026 results After-Market on Nov 11, 2025 Aankondiging • Oct 24
Evolution Petroleum Corporation, Annual General Meeting, Dec 04, 2025 Evolution Petroleum Corporation, Annual General Meeting, Dec 04, 2025. Location: 1155 dairy ashford road,suite 425, texas 77079, houston, United States Aankondiging • Sep 12
Evolution Petroleum Corporation Declares Cash Dividend for its Fiscal 2026 First Quarter, Payable on September 30, 2025 Evolution Petroleum Corporation announced that its Board of Directors declared a cash dividend of $0.12 per share of common stock for its fiscal 2026 first quarter, payable on September 30, 2025, to stockholders of record as of September 22, 2025. Aankondiging • Sep 03
Evolution Petroleum Corporation to Report Q4, 2025 Results on Sep 16, 2025 Evolution Petroleum Corporation announced that they will report Q4, 2025 results After-Market on Sep 16, 2025 Aankondiging • Jul 02
Evolution Petroleum Corporation Announces Positive Results from Joint Interest Audit of Barnett Operator and Provides Update on Chaveroo Wells Evolution Petroleum Corporation announced the initial results of its joint interest audit of its Barnett Shale properties and is providing an update on its latest Chaveroo drilling results. Aankondiging • May 14
Evolution Petroleum Corporation Declares Cash Dividend for the Fourth Quarter of 2025, Payable on June 30, 2025 On May 12, 2025, The Board of Directors of Evolution Petroleum Corporation declared a cash dividend of $0.12 per share of common stock for the fourth quarter of 2025, which will be paid on June 30, 2025, to common stockholders of record on June 13, 2025. Aankondiging • Apr 25
Evolution Petroleum Corporation to Report Q3, 2025 Results on May 13, 2025 Evolution Petroleum Corporation announced that they will report Q3, 2025 results After-Market on May 13, 2025 Aankondiging • Apr 15
Evolution Petroleum Corporation (NYSEAM:EPM) completed the acquisition of Non-Operated Oil and Natural Gas Assets in New Mexico, Texas, and Louisiana. Evolution Petroleum Corporation (NYSEAM:EPM) agreed to acquire Non-Operated Oil and Natural Gas Assets in New Mexico, Texas, and Louisiana for $9 million on March 4, 2025. The total purchase price for the acquisition is $9.0 million, subject to customary closing adjustments. Evolution Petroleum Corporation intends to finance the acquisition through a combination of cash on hand and borrowings under its existing credit facility. The acquisition is expected to close by the end of Evolution's third quarter of fiscal 2025 with an effective date of February 1, 2025.
Evolution Petroleum Corporation (NYSEAM:EPM) completed the acquisition of Non-Operated Oil and Natural Gas Assets in New Mexico, Texas, and Louisiana on April 14, 2025. Aankondiging • Jan 31
Evolution Petroleum Corporation to Report Q2, 2025 Results on Feb 11, 2025 Evolution Petroleum Corporation announced that they will report Q2, 2025 results After-Market on Feb 11, 2025 Aankondiging • Nov 14
Evolution Petroleum Corporation Declares Cash Dividend, Payable on December 31, 2024 Evolution Petroleum Corporation's Board of Directors declared a cash dividend of $0.12 per share of common stock, which will be paid on December 31, 2024, to common stockholders of record on December 13, 2024. This will be the 45th consecutive quarterly cash dividend on the Company's common stock since December 31, 2013. Reported Earnings • Nov 13
First quarter 2025 earnings released: EPS: US$0.063 (vs US$0.044 in 1Q 2024) First quarter 2025 results: EPS: US$0.063 (up from US$0.044 in 1Q 2024). Revenue: US$21.9m (up 6.3% from 1Q 2024). Net income: US$2.07m (up 43% from 1Q 2024). Profit margin: 9.4% (up from 7.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Oct 30
Evolution Petroleum Corporation to Report Q1, 2025 Results on Nov 12, 2024 Evolution Petroleum Corporation announced that they will report Q1, 2025 results After-Market on Nov 12, 2024 Aankondiging • Oct 25
Evolution Petroleum Corporation, Annual General Meeting, Dec 05, 2024 Evolution Petroleum Corporation, Annual General Meeting, Dec 05, 2024. Location: 1155 dairy ashford road, suite 425, houston, texas 77079, United States Aankondiging • Oct 23
Evolution Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $30 million. Evolution Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $30 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.94, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 55% over the past three years. Declared Dividend • Sep 16
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 20th September 2024 Payment date: 30th September 2024 Dividend yield will be 9.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (393% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 336% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Sep 11
Full year 2024 earnings released: EPS: US$0.13 (vs US$1.05 in FY 2023) Full year 2024 results: EPS: US$0.13 (down from US$1.05 in FY 2023). Revenue: US$85.9m (down 33% from FY 2023). Net income: US$4.08m (down 88% from FY 2023). Profit margin: 4.8% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 30
Evolution Petroleum Corporation to Report Q4, 2024 Results on Sep 10, 2024 Evolution Petroleum Corporation announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Sep 10, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.9%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%). Declared Dividend • May 13
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 8.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 499% to bring the payout ratio under control. EPS is expected to grow by 129% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 08
Third quarter 2024 earnings released: EPS: US$0.009 (vs US$0.41 in 3Q 2023) Third quarter 2024 results: EPS: US$0.009 (down from US$0.41 in 3Q 2023). Revenue: US$23.0m (down 38% from 3Q 2023). Net income: US$289.0k (down 98% from 3Q 2023). Profit margin: 1.3% (down from 37% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • May 08
Evolution Petroleum Corporation Declares Cash Dividend for the Fourth Quarter of Fiscal Year 2024, Payable on June 28, 2024 Evolution Petroleum Corporation announced on May 6, 2024the company’s board of directors declared a cash dividend of $0.12 per share for the fourth quarter of fiscal year 2024, which will be paid on June 28, 2024, to common stockholders of record on June 14, 2024. Aankondiging • Apr 24
Evolution Petroleum Corporation to Report Q3, 2024 Results on May 07, 2024 Evolution Petroleum Corporation announced that they will report Q3, 2024 results After-Market on May 07, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 8.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%). Declared Dividend • Feb 12
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.9% to bring the payout ratio under control. EPS is expected to grow by 35% over the next year, which is sufficient to bring the dividend into a sustainable range. New Risk • Feb 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Feb 07
Second quarter 2024 earnings released: EPS: US$0.033 (vs US$0.31 in 2Q 2023) Second quarter 2024 results: EPS: US$0.033 (down from US$0.31 in 2Q 2023). Revenue: US$21.0m (down 38% from 2Q 2023). Net income: US$1.08m (down 89% from 2Q 2023). Profit margin: 5.1% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 07
Evolution Petroleum Corporation Declares Cash Dividend for the Third Quarter of Fiscal 2024, Payable on March 28, 2024 On February 5, 2024, Evolution’s Board of Directors declared a cash dividend of $0.12 per share of common stock for the third quarter of fiscal year 2024, which will be paid on March 28, 2024, to common stockholders of record on March 15, 2024. This will be the 42nd consecutive quarterly cash dividend on the Company’s common stock since December 31, 2013. Aankondiging • Feb 01
Evolution Petroleum Corporation to Report Q2, 2024 Results on Feb 06, 2024 Evolution Petroleum Corporation announced that they will report Q2, 2024 results After-Market on Feb 06, 2024 Buying Opportunity • Jan 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €6.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 8.6% in a year. Earnings is forecast to decline by 32% in the next year. Aankondiging • Dec 22
Evolution Petroleum Corporation Appoints Kelly M. Beatty as Chief Accounting Officer, Effective January 1, 2024 On December 18, 2023, the Board of Directors of Evolution Petroleum Corporation approved the appointment of Kelly M. Beatty as Chief Accounting Officer, effective January 1, 2024 (the Effective Date). Ms. Beatty, 40, has been serving as Principal Accounting Officer since December 2022 and has served as the Company's Controller since February 2022. Ms. Beatty is a certified public accountant in the State of Texas, and, prior to joining the Company in February 2022, she was the Controller at QuarterNorth Energy, a privately held offshore oil and gas company, from July 2019 through February 2022. She also spent 10 years in financial reporting positions with other public oil and gas companies. She was the Senior Manager of Financial Reporting at Halcon Resources Corporation from December 2012 through July 2019 and the Manager of Financial Reporting at Petrohawk Energy Corporation from December 2009 through December 2012. Ms. Beatty began her career in 2006 in the assurance practice at Ernst & Young LLP. She received Masters of Science and Bachelor of Business Administration degrees in Accounting from Texas A&M University at College Station. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.12 per share at 8.1% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 09
First quarter 2024 earnings released: EPS: US$0.045 (vs US$0.32 in 1Q 2023) First quarter 2024 results: EPS: US$0.045 (down from US$0.32 in 1Q 2023). Revenue: US$20.6m (down 48% from 1Q 2023). Net income: US$1.47m (down 86% from 1Q 2023). Profit margin: 7.2% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 08
Evolution Petroleum Corporation Declares Quarterly Cash Dividend, Payable on December 29, 2023 On November 6, 2023, Evolution Petroleum Corporation’s Board of Directors declared a cash dividend of $0.12 per share of common stock, which will be paid on December 29, 2023, to common stockholders of record on December 15, 2023. This will be the 41st consecutive quarterly cash dividend on the Company’s common stock since December 31, 2013. Aankondiging • Oct 26
Evolution Petroleum Corporation to Report Q1, 2024 Results on Nov 07, 2023 Evolution Petroleum Corporation announced that they will report Q1, 2024 results After-Market on Nov 07, 2023 Aankondiging • Sep 13
Evolution Petroleum Corporation Declares Cash Dividend for the First Quarter of Fiscal Year 2024, Payable on September 29, 2023 On September 11, 2023, the Board of Directors of Evolution Petroleum Corporation declared a cash dividend of $0.12 per share of common stock for the first quarter of fiscal year 2024, which will be paid on September 29, 2023, to common stockholders of record on September 22, 2023. Reported Earnings • Sep 13
Full year 2023 earnings released: EPS: US$1.07 (vs US$0.97 in FY 2022) Full year 2023 results: EPS: US$1.07 (up from US$0.97 in FY 2022). Revenue: US$128.5m (up 18% from FY 2022). Net income: US$35.2m (up 10% from FY 2022). Profit margin: 27% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 29
Evolution Petroleum Corporation to Report Fiscal Year 2023 Results on Sep 12, 2023 Evolution Petroleum Corporation announced that they will report fiscal year 2023 results After-Market on Sep 12, 2023 New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.12 per share at 5.9% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 234% over the past three years. Aankondiging • May 11
Evolution Petroleum Corporation Declares Cash Dividend for the Fourth Quarter of Fiscal 2023, Payable on June 30, 2023 Evolution Petroleum Corporation announced that on May 8, 2023 the Company approved the declaration of a $0.12 per common share dividend for the fourth fiscal quarter of 2023 to shareholders of record on June 15, 2023 and payable on June 30, 2023. This will be the 39th consecutive quarterly cash dividend on the Company’s common stock, which has been paid since December 31, 2013. Reported Earnings • May 11
Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.17 in 3Q 2022) Third quarter 2023 results: EPS: US$0.42 (up from US$0.17 in 3Q 2022). Revenue: US$36.9m (up 44% from 3Q 2022). Net income: US$14.0m (up 150% from 3Q 2022). Profit margin: 38% (up from 22% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.12 per share at 7.3% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 08
Second quarter 2023 earnings released: EPS: US$313 (vs US$0.20 in 2Q 2022) Second quarter 2023 results: EPS: US$313 (up from US$0.20 in 2Q 2022). Revenue: US$33.7m (up 51% from 2Q 2022). Net income: US$10.4m (up 52% from 2Q 2022). Profit margin: 31% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 7.3% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
Evolution Petroleum Corporation Declares Cash Dividend on Common Stock for the Second Quarter Ended December 31, 2022, Payable on March 31, 2023 On February 6, 2023, Evolution Petroleum Corporation's Board of Directors declared a cash dividend of $0.12 per share of common stock for the second quarter ended December 31, 2022, which will be paid on March 31, 2023 to common stockholders of record on March 15, 2023. This will be the 38th consecutive quarterly cash dividend on the Company's common stock, which has been paid since the quarter ended December 31, 2013. Aankondiging • Jan 31
Evolution Petroleum Corporation to Report Q2, 2023 Results on Feb 07, 2023 Evolution Petroleum Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2023 Aankondiging • Dec 13
Evolution Petroleum Corporation Approves the Appointment of Kelly M. Beatty as Principal Accounting Officer On December 8, 2022, the Board of Directors of Evolution Petroleum Corporation approved the appointment of Kelly M. Beatty, age 39, as Principal Accounting Officer of the Company, effective December 8, 2022 (the “Effective Date”). Ms. Beatty is a certified public accountant in the State of Texas, and, prior to joining the Company in February 2022, she was the Controller at QuarterNorth Energy, a privately held offshore oil and gas company, for three years. She also spent 10 years in financial reporting positions with other public oil and gas companies, including Petrohawk Energy Corporation and Halcon Resources Corporation. Ms. Beatty began her career in 2006 in the assurance practice at Ernst & Young LLP. She received Masters of Science and Bachelor of Business Administration degrees in Accounting from Texas A&M University at College Station. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.0%). Aankondiging • Nov 30
Evolution Petroleum Corporation Appoints Edward J. DiPaolo as Lead Independent Director On November 28, 2022, the Board of Directors of Evolution Petroleum Corporation appointed Edward J. DiPaolo to serve as Lead Independent Director. Aankondiging • Nov 22
Evolution Petroleum Corporation Announces Management Changes On November 18, 2022, the Board of Directors of Evolution Petroleum Corporation reallocated committee membership with Robert S. Herlin, Chairman of the Board, moving from the Compensation Committee to the Sustainability Committee and Marjorie A. Hargrave moving to the Compensation Committee. The reallocation is intended to demonstrate the Company’s commitment to sustainability issues, while Ms. Hargrave’s industry experience and financial expertise will support the activities of the Compensation Committee. Reported Earnings • Nov 10
First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.16 in 1Q 2022) First quarter 2023 results: EPS: US$0.32 (up from US$0.16 in 1Q 2022). Revenue: US$39.8m (up 111% from 1Q 2022). Net income: US$10.7m (up 105% from 1Q 2022). Profit margin: 27% (in line with 1Q 2022). Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 09
Evolution Petroleum Corporation Declares Quarterly Cash Dividend for the Second Quarter of Fiscal Year 2023, Payable on December 30, 2022 On November 7, 2022, the Board of Directors of Evolution Petroleum Corporation declared a cash dividend of $0.12 per share of common stock for the second quarter of fiscal year 2023, which will be paid on December 30, 2022 to common stockholders of record on December 15, 2022. Aankondiging • Oct 29
Evolution Petroleum Corporation to Report Q1, 2023 Results on Nov 08, 2022 Evolution Petroleum Corporation announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 17% share price gain to €8.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 25% share price gain to €8.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 97% over the past three years. Reported Earnings • Sep 15
Full year 2022 earnings released: EPS: US$0.99 (vs US$0.49 loss in FY 2021) Full year 2022 results: EPS: US$0.99 (up from US$0.49 loss in FY 2021). Revenue: US$108.9m (up 233% from FY 2021). Net income: US$32.6m (up US$49.1m from FY 2021). Profit margin: 30% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Aankondiging • Sep 13
Evolution Petroleum Corporation Announces Appointment of Myra Coleman Bierria to Board of Directors Evolution Petroleum Corporation announced the appointment of Myra Coleman Bierria to the Company's Board of Directors, effective September 8, 2022. Ms. Bierria is an experienced attorney in the areas of corporate governance, securities law, and management of public company board of directors' matters. She was appointed in 2016 and currently serves as the Vice President and Corporate Secretary for Southern Company, a holding company for electric operating companies in three states and natural gas distribution companies in four states, mainly in the southern United States. Ms. Bierria was previously the Vice President and Corporate Secretary for Southern Company Gas (formally AGL Resources Inc.), an energy services holding company for Southern Company's natural gas distribution companies. She also previously served as a business and technology attorney at Brobeck, Phleger & Harrison LLP where she specialized in securities offerings, venture capital transactions, and general corporate matters. Ms. Bierria holds a JD from Georgetown University Law Center and BA from the University of California at Berkeley and is a member of the New York State Bar. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 27% share price gain to €8.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 84% over the past three years. Aankondiging • Aug 24
Evolution Petroleum Corporation to Report Fiscal Year 2022 Results on Sep 13, 2022 Evolution Petroleum Corporation announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Sep 13, 2022 Aankondiging • Aug 09
Evolution Petroleum Corporation Provides Revenue and Production Guidance for the Year 2022 Evolution Petroleum Corporation provided revenue and production guidance for the year 2022. Increased fiscal year-end 2022 proved reserves by 55% to 36.2 million barrels of oil equivalent from 23.4 MMBOE at fiscal year-end 2021; Added 9.4 MMBOE of proved developed producing reserves (“PDP”) through two acquisitions of long-life producing assets in the Williston Basin and Jonah Field; Added 3.6 MMBOE of proved undeveloped reserves attributable to development drilling locations within the recently acquired Williston Basin properties; Replaced more than 550% of 2022 production; Grew fiscal year 2022 exit rate daily production approximately 36% to an estimated 7,600 – 7,900 barrels of oil equivalent per day (“BOE/d”) from fiscal year 2021’s exit rate of approximately 5,750 BOE/d.Delivered improved quarterly revenue of an estimated $40 million – $43 million for the fiscal year 2022 fourth quarter from $13.7 million in fiscal year 2021 fourth quarter. Board Change • Jul 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Dozier was the last independent director to join the board, commencing their role in 2005. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.60, the stock trades at a trailing P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Germany. Total returns to shareholders of 8.4% over the past three years. Buying Opportunity • Jun 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €7.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (4.9%). Reported Earnings • May 13
Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.036 in 3Q 2021) Third quarter 2022 results: EPS: US$0.17 (up from US$0.036 in 3Q 2021). Revenue: US$25.7m (up 236% from 3Q 2021). Net income: US$5.71m (up 379% from 3Q 2021). Profit margin: 22% (up from 16% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.5%). In line with average of industry peers (4.7%). Upcoming Dividend • Mar 07
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.5%). In line with average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to €6.95, the stock trades at a trailing P/E ratio of 16.6x. Average forward P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 24% share price gain to €6.25, the stock trades at a trailing P/E ratio of 14.9x. Average forward P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 15% over the past three years. Aankondiging • Feb 11
Evolution Petroleum Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on March 31, 2022 Evolution Petroleum Corporation declared cash dividend of $0.10 per share of common stock, payable on March 31, 2022 to common stockholders of record on March 15, 2022. This will be the 34th consecutive quarterly cash dividend on the common stock, which has been paid since the quarter ended December 31, 2013. To date, the company has paid over $80 million, or $2.41 per share, back to stockholders as cash dividends. Maintaining and ultimately growing the common stock dividend remains a company priority. Reported Earnings • Feb 11
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.20 (up from US$0.38 loss in 2Q 2021). Revenue: US$22.3m (up 287% from 2Q 2021). Net income: US$6.83m (up US$19.5m from 2Q 2021). Profit margin: 31% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 25%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 10
Evolution Petroleum Corporation (NYSEAM:EPM) entered into a definitive agreement to acquire a 19.3% stake in Non-Operated Natural Gas Assets in the Jonah Field in Sublette County, Wyoming from Exaro Energy III LLC for $29.4 million. Evolution Petroleum Corporation (NYSEAM:EPM) entered into a definitive agreement to acquire a 19.3% stake in Non-Operated Natural Gas Assets in the Jonah Field in Sublette County, Wyoming from Exaro Energy III LLC for $29.4 million on February 1, 2022. The purchase price of the transaction is subject to customary purchase price adjustments and is expected to be funded from cash on hand and borrowings under the company's existing senior credit facility with MidFirst Bank. Effective November 9, 2021, the company's borrowing base was increased to $50 million, with an elected commitment amount of $40 million. As of December 31, 2021 and prior to the transaction, the company had approximately $13 million in cash on hand and had $4 million drawn under the credit facility.
The transaction is subject to closing conditions, including receipt of all necessary written consents, approvals, waivers, and any exercises of preferential purchase rights. The closing date is expected on or about April 1, 2022. The transaction provides immediately accretive cash flow to Evolution Petroleum. Aankondiging • Feb 05
Evolution Petroleum Corporation to Report Q2, 2022 Results on Feb 09, 2022 Evolution Petroleum Corporation announced that they will report Q2, 2022 results After-Market on Feb 09, 2022 Aankondiging • Jan 22
Evolution Petroleum Corporation (NYSEAM:EPM) entered into an agreement to acquire 50% stake in Oil-Weighted, Non-operated Oil and Natural Gas Assets in the Williston Basin from Foundation Energy Fund VII - A, L.P., a fund managed by Foundation Energy Management, L.L.C., for $25.9 million. Evolution Petroleum Corporation (NYSEAM:EPM) entered into an agreement to acquire 50% stake in Oil-Weighted, Non-operated Oil and Natural Gas Assets in the Williston Basin from Foundation Energy Fund VII - A, L.P., a fund managed by Foundation Energy Management, L.L.C., for $25.9 million on June 1, 2021. Evolution funded the transaction from cash on hand and borrowings from the company's senior credit facility with MidFirst Bank.
Evolution Petroleum Corporation (NYSEAM:EPM) completed the acquisition of 50% stake in Oil-Weighted, Non-operated Oil and Natural Gas Assets in the Williston Basin from Foundation Energy Fund VII - A, L.P., a fund managed by Foundation Energy Management, L.L.C., on January 14, 2022. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.1%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 11
First quarter 2022 earnings released: EPS US$0.16 (vs US$0.22 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$18.9m (up 237% from 1Q 2021). Net income: US$5.22m (up US$12.4m from 1Q 2021). Profit margin: 28% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 15
Full year 2021 earnings released: US$0.49 loss per share (vs US$0.18 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: US$32.7m (up 11% from FY 2020). Net loss: US$16.4m (down 377% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Executive Departure • May 18
VP & Chief Accounting Officer has left the company On the 15th of May, Roderick Schultz's tenure as VP & Chief Accounting Officer ended after 5.4 years in the role. We don't have any record of a personal shareholding under Roderick's name. A total of 2 executives have left over the last 12 months.