Evolution Petroleum Corp (EPM)
:EPM
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Earnings Data
Report Date
Nov 10, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call outlines a quarter materially impacted by temporary, largely non‑operational headwinds — including severe weather, regional gas price dislocations and sizable non‑cash unrealized hedge losses — that drove an 11% revenue decline and a ~58% drop in adjusted EBITDA. Offsetting these negatives, the company highlighted operational resilience (flat production at ~6.7k BOE/day), progress on minerals and royalty acquisitions, targeted asset monetizations (~$3.3M post‑quarter), operating cost improvements, continued dividend consistency (51st consecutive quarter) and a set of near‑term catalysts (Tex Mex workovers, 23 Haynesville/Bossier wells, SCOOP/STACK wells coming online) that management expects will restore underlying earnings in fiscal Q4. Given the mix of meaningful near‑term financial deterioration but clear operational fixes and catalysts that management characterizes as one‑time/timing issues, the overall tone is cautiously constructive with a view that fundamentals should normalize in the next quarter.Company Guidance
Production Resilience and Near-Term Growth Catalysts
Production was essentially flat year‑over‑year at ~6.7 thousand BOE/day despite significant weather and downtime headwinds. Management reports roughly 300 net BOE/day of storm‑related downtime has been largely restored, Tex Mex workovers are expected to add ~100 net BOE/day by the end of fiscal Q4, and management expects 23 Haynesville/Bossier wells to be brought online and meaningfully contribute in fiscal Q4. Additionally, 12 gross SCOOP/STACK wells were on production (awaiting revenue data) that could add near‑term volumes once reported.
Dividend Maintained — Track Record of Returns
Board declared the 51st consecutive quarterly dividend and the 16th consecutive dividend at $0.12 per share. Dividends paid during the quarter totaled $4.3 million, underscoring management’s focus on returning capital and confidence in cash flow durability.
Progress on Minerals & Royalties and Portfolio Monetization
Completed two Louisiana mineral and royalty acquisitions targeting Haynesville and Bossier for approximately $5 million in total consideration; these positions are being actively developed by operators and are expected to ramp production. Post‑quarter, the company monetized some SCOOP/STACK non‑op/mineral positions for roughly $3.3 million to high‑grade the portfolio and redeploy capital into nearer‑term, higher‑return opportunities.
Operating Cost Improvements
Lease operating expenses improved to $13.0 million, or $21.49 per BOE, versus $22.32 per BOE in the prior year quarter — a per‑BOE decrease of ~3.7% — driven by reduced ad valorem taxes at Barnett and the cessation of CO2 purchases at Delhi, partially offset by Tex Mex additions and incremental workover activity.
Hedging Positioning and Upside Exposure
Management highlights that unrealized hedge losses are non‑cash and may reverse as forward curves change. NGLs remain unhedged (full exposure to higher crude‑linked prices) and ~30% of crude exposure for the quarter was unhedged, leaving meaningful upside if oil prices remain elevated. The company is also adding hedges for calendar 2027 at attractive levels to protect future cash flow.
Balance Sheet and Liquidity Position
As of March 31, 2026 cash on hand was $2.6 million, borrowings under the credit facility were $56.5 million, letters of credit $0.8 million, and total liquidity (cash + available borrowing capacity) was about $10.3 million. Management emphasizes protecting the balance sheet while selectively deploying capital.
EPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $4.79 | $4.21 | -12.11% |
Feb 10, 2026 | $3.90 | $4.11 | +5.52% |
Nov 11, 2025 | $4.34 | $4.15 | -4.35% |
Sep 16, 2025 | $5.08 | $5.06 | -0.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Evolution Petroleum Corp (EPM) report earnings?
Evolution Petroleum Corp (EPM) is schdueled to report earning on Nov 10, 2026, After Close (Confirmed).
What is Evolution Petroleum Corp (EPM) earnings time?
Evolution Petroleum Corp (EPM) earnings time is at Nov 10, 2026, After Close (Confirmed).
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What is EPM EPS forecast?
Currently, no data Available