Loading...
•
Sep 30, 2022
Evolution Petroleum Q1 2023 Earnings Report
Reported first quarter results for fiscal year 2023 and declared a quarterly cash dividend for the second quarter.
Key Takeaways
Evolution Petroleum reported a solid start to fiscal year 2023, driven by accretive acquisitions completed in the second half of fiscal 2022. The company saw increased daily production, recorded revenue of $39.8 million and net income of $10.7 million, and reduced debt by $9.0 million.
Increased daily production by 2% over the prior quarter to an average of 7,598 net barrels of oil equivalent per day (BOEPD).
Recorded revenue of $39.8 million and net income of $10.7 million, or $0.32 per diluted share.
Generated Adjusted EBITDA of $17.0 million.
Reduced debt by $9.0 million, lowering debt net of cash to $1.5 million at September 30, 2022.
Revenue by Segment
Forward Guidance
The company expects development capital expenditures to range between $6.5 million to $9.5 million and is targeting pay off of all outstanding borrowings during the quarter ending December 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...