Material Improvement in Net Income and Adjusted EBITDA
Evolution Petroleum reported a net income of $3.4 million and adjusted EBITDA of $8.6 million, showing significant improvement.
Successful Acquisitions
Closed a $9 million TexMex acquisition and the largest minerals-only acquisition in company history in the SCOOP/STACK, adding substantial production potential.
Dividend Continuity
Declared a $0.12 per share dividend for fiscal Q1 '26, marking the 48th consecutive quarterly dividend and continuing a streak since 2013.
Improved Financial Flexibility
Amended and restated senior secured reserve-based credit facility, increasing the borrowing base to $65 million under a $200 million revolving credit facility.
Strong Operational Execution
Turned in line 4 gross wells at Chaveroo on time and under budget with early results ahead of plan.