Evolution Petroleum reports Q3 EPS 3c, consensus 3c

Reports Q3 revenue $23M, consensus $22.38M . Reports total production for the third quarter of fiscal 2024 was 7,209 net BOEPD, including 2,187 barrels per day of crude oil; 23,242 thousand cubic feet per day or 3,879 BOEPD, of natural gas; and 1,143 BOEPD of natural gas liquids . The closing of the SCOOP/STACK acquisitions in mid-February and the first production in early February from the initial three wells in the Chaveroo oilfield collectively contributed to operating results for the current quarter, increasing average production for the quarter by approximately 1,020 BOEPD.