Evolution Petroleum Management

Management criteria checks 1/4

Evolution Petroleum's CEO is Kelly Loyd, appointed in Jun 2022, has a tenure of 1.83 years. total yearly compensation is $2.00M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth €1.78M. The average tenure of the management team and the board of directors is 1.6 years and 16.8 years respectively.

Key information

Kelly Loyd

Chief executive officer

US$2.0m

Total compensation

CEO salary percentage	18.3%
CEO tenure	1.8yrs
CEO ownership	1.0%
Management average tenure	1.6yrs
Board average tenure	16.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kelly Loyd's remuneration changed compared to Evolution Petroleum's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$16m
Sep 30 2023	n/a	n/a	US$26m
Jun 30 2023	US$2m	US$365k	US$35m
Mar 31 2023	n/a	n/a	US$49m
Dec 31 2022	n/a	n/a	US$41m
Sep 30 2022	n/a	n/a	US$37m
Jun 30 2022	US$175k	US$4k	US$32m
Mar 31 2022	n/a	n/a	US$20m
Dec 31 2021	n/a	n/a	US$15m
Sep 30 2021	n/a	n/a	-US$4m
Jun 30 2021	US$157k	n/a	-US$17m
Mar 31 2021	n/a	n/a	-US$21m
Dec 31 2020	n/a	n/a	-US$18m
Sep 30 2020	n/a	n/a	-US$4m
Jun 30 2020	US$141k	n/a	US$6m
Mar 31 2020	n/a	n/a	US$12m
Dec 31 2019	n/a	n/a	US$10m
Sep 30 2019	n/a	n/a	US$12m
Jun 30 2019	US$133k	n/a	US$15m
Mar 31 2019	n/a	n/a	US$17m
Dec 31 2018	n/a	n/a	US$17m
Sep 30 2018	n/a	n/a	US$23m
Jun 30 2018	US$138k	n/a	US$20m
Mar 31 2018	n/a	n/a	US$17m
Dec 31 2017	n/a	n/a	US$16m
Sep 30 2017	n/a	n/a	US$8m
Jun 30 2017	US$122k	n/a	US$7m

Compensation vs Market: Kelly's total compensation ($USD2.00M) is above average for companies of similar size in the German market ($USD691.02K).

Compensation vs Earnings: Kelly's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Kelly Loyd (49 yo)

1.8yrs

Tenure

US$1,995,220

Compensation

Mr. Kelly W. Loyd serves as Chief Executive Officer and President of Evolution Petroleum Corporation since October 27, 2022 and serves as its Director since June 2022. He had been Independent Director at E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Herlin	Co-Founder & Non-Executive Chairman	20.6yrs	US$235.22k	5.48% $ 9.7m
Kelly Loyd	CEO, President & Director	1.8yrs	US$2.00m	1.01% $ 1.8m
Ryan Stash	Senior VP	3.4yrs	US$759.99k	0.74% $ 1.3m
J. Bunch	Chief Operating Officer	1.2yrs	US$752.87k	0.40% $ 702.3k
Kelly Beatty	Chief Accounting Officer	1.3yrs	no data	0.14% $ 246.0k

1.6yrs

Average Tenure

49yo

Average Age

Experienced Management: EP7's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Herlin	Co-Founder & Non-Executive Chairman	20.6yrs	US$235.22k	5.48% $ 9.7m
Kelly Loyd	CEO, President & Director	15.3yrs	US$2.00m	1.01% $ 1.8m
William Dozier	Independent Director	18.3yrs	US$211.77k	0.68% $ 1.2m
Edward DiPaolo	Lead Independent Director	19.9yrs	US$200.47k	0.91% $ 1.6m
Myra Bierria	Independent Director	1.6yrs	US$261.11k	0.14% $ 239.9k
Marjorie Hargrave	Independent Director	3.1yrs	US$337.66k	0.23% $ 412.0k

16.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: EP7's board of directors are seasoned and experienced ( 16.8 years average tenure).

Evolution Petroleum Management

Management criteria checks 1/4

Key information

Recent management updates

Evolution Petroleum Corporation Appoints Kelly M. Beatty as Chief Accounting Officer, Effective January 1, 2024

Evolution Petroleum Corporation Approves the Appointment of Kelly M. Beatty as Principal Accounting Officer

Evolution Petroleum Corporation Appoints Edward J. DiPaolo as Lead Independent Director

Evolution Petroleum Corporation Announces Management Changes

Evolution Petroleum Selects Kelly Loyd as Chief Executive Officer

Evolution Petroleum Corporation Announces Appointment of Myra Coleman Bierria to Board of Directors

Recent updates

Evolution Petroleum Corporation to Report Q3, 2024 Results on May 07, 2024

Upcoming dividend of US$0.12 per share

Second quarter dividend of US$0.12 announced

New minor risk - Profit margin trend

Second quarter 2024 earnings released: EPS: US$0.033 (vs US$0.31 in 2Q 2023)

Evolution Petroleum Corporation Declares Cash Dividend for the Third Quarter of Fiscal 2024, Payable on March 28, 2024

Evolution Petroleum Corporation to Report Q2, 2024 Results on Feb 06, 2024

Now 21% undervalued after recent price drop

Evolution Petroleum Corporation Appoints Kelly M. Beatty as Chief Accounting Officer, Effective January 1, 2024

Upcoming dividend of US$0.12 per share at 8.1% yield

First quarter 2024 earnings released: EPS: US$0.045 (vs US$0.32 in 1Q 2023)

Evolution Petroleum Corporation Declares Quarterly Cash Dividend, Payable on December 29, 2023

Evolution Petroleum Corporation to Report Q1, 2024 Results on Nov 07, 2023

Evolution Petroleum Corporation Declares Cash Dividend for the First Quarter of Fiscal Year 2024, Payable on September 29, 2023

Full year 2023 earnings released: EPS: US$1.07 (vs US$0.97 in FY 2022)

Evolution Petroleum Corporation to Report Fiscal Year 2023 Results on Sep 12, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.12 per share at 5.9% yield

Investor sentiment improves as stock rises 15%

Evolution Petroleum Corporation Declares Cash Dividend for the Fourth Quarter of Fiscal 2023, Payable on June 30, 2023

Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.17 in 3Q 2022)

Upcoming dividend of US$0.12 per share at 7.3% yield

Second quarter 2023 earnings released: EPS: US$313 (vs US$0.20 in 2Q 2022)

Evolution Petroleum Corporation Declares Cash Dividend on Common Stock for the Second Quarter Ended December 31, 2022, Payable on March 31, 2023

Evolution Petroleum Corporation to Report Q2, 2023 Results on Feb 07, 2023

Evolution Petroleum Corporation Approves the Appointment of Kelly M. Beatty as Principal Accounting Officer

Upcoming dividend of US$0.12 per share

Evolution Petroleum Corporation Appoints Edward J. DiPaolo as Lead Independent Director

Evolution Petroleum Corporation Announces Management Changes

First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.16 in 1Q 2022)

Evolution Petroleum Corporation Declares Quarterly Cash Dividend for the Second Quarter of Fiscal Year 2023, Payable on December 30, 2022

Evolution Petroleum Corporation to Report Q1, 2023 Results on Nov 08, 2022

Evolution Petroleum Selects Kelly Loyd as Chief Executive Officer

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: US$0.99 (vs US$0.49 loss in FY 2021)

Evolution Petroleum Corporation (NYSEAM:EPM) announces an Equity Buyback for $25 million worth of its shares.

Evolution Petroleum Corporation Announces Appointment of Myra Coleman Bierria to Board of Directors

Investor sentiment improved over the past week

Evolution Petroleum Corporation to Report Fiscal Year 2022 Results on Sep 13, 2022

Evolution Petroleum Corporation Provides Revenue and Production Guidance for the Year 2022

Less than half of directors are independent

Evolution Petroleum Announces President, Jason Brown, Is Departing

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.10 per share

Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.036 in 3Q 2021)

Upcoming dividend of US$0.10 per share

Upcoming dividend of US$0.10 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Evolution Petroleum Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on March 31, 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

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 to Report Q2, 2022 Results on Feb 09, 2022

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.

Upcoming dividend of US$0.075 per share

First quarter 2022 earnings released: EPS US$0.16 (vs US$0.22 loss in 1Q 2021)

Full year 2021 earnings released: US$0.49 loss per share (vs US$0.18 profit in FY 2020)

Evolution Petroleum Corporation(NYSEAM:EPM) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.05 per share

VP & Chief Accounting Officer has left the company

Third quarter 2021 earnings released: EPS US$0.036 (vs US$0.11 in 3Q 2020)

Evolution Petroleum Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2021

Upcoming Dividend of US$0.03 Per Share

Evolution Petroleum Corporation Appoints Marjorie Hargrave to its Board of Directors

New 90-day high: €2.96

Second quarter 2021 earnings released: US$0.38 loss per share (vs US$0.054 profit in 2Q 2020)

Revenue beats expectations