Evolution Petroleum reports Q2 EPS 3c, consensus 1c

Reports Q2 revenue $20.67M, consensus $21.8M. Kelly Loyd, president and CEO, commented: “We are very pleased to deliver strong financial results for the quarter with a meaningful increase in profitability, supported by higher realized natural gas prices and improved results in the field, despite lower oil prices. Operationally, production was stable across the majority of our diversified asset base and lease operating expenses per BOE improved, reflecting continued execution in cost-control and efficiency.”