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Dec 31, 2023
Evolution Petroleum Q2 2024 Earnings Report
Announced second quarter fiscal 2024 results and declared quarterly cash dividend.
Key Takeaways
Evolution Petroleum reported revenue of $21.0 million and net income of $1.1 million, or $0.03 per diluted share, for the second quarter of fiscal year 2024, with production at 6,304 net BOEPD and adjusted EBITDA of $6.8 million.
Announced agreement to acquire non-operated oil and natural gas assets in the SCOOP/STACK plays in Oklahoma.
Participated in the drilling and completion of the initial three wells in the Chaveroo Field.
Reported current quarter revenue of $21.0 million and net income of $1.1 million or $0.03 per diluted share.
Generated Adjusted EBITDA of $6.8 million for the current quarter.
Revenue by Segment
Forward Guidance
The Company expects capital expenditures to be in the range of $10.0 million to $14.0 million for fiscal year 2024, excluding any potential acquisitions.
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
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