Evolution Petroleum Q4 2024 Earnings Report
Key Takeaways
Evolution Petroleum reported a 17% increase in fiscal Q4 revenues to $21.2 million compared to the year-ago period. Net income increased to $1.2 million, and adjusted EBITDA increased 72% year-over-year to $8.0 million.
Fiscal Q4 revenues increased by 17% year-over-year to $21.2 million.
Net income for fiscal Q4 increased to $1.2 million.
Adjusted EBITDA for fiscal Q4 increased by 72% year-over-year to $8.0 million.
The company declared a quarterly cash dividend of $0.12 per common share for the fiscal 2025 first quarter.
Evolution Petroleum
Evolution Petroleum
Evolution Petroleum Revenue by Segment
Evolution Petroleum Revenue by Geographic Location
Forward Guidance
Looking ahead, the company plans to continue executing its plans to deliver long-term shareholder value. They have diversified their asset base of long-lived, low-decline properties through acquisitions of proved developed reserves, bolstered with additional drilling locations, at attractive costs that were designed to support their dividend program well into the future.
Positive Outlook
- Diversified asset base of long-lived, low-decline properties.
- Acquisitions of proved developed reserves.
- Bolstered with additional drilling locations.
- Attractive acquisition costs.
- Designed to support dividend program well into the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income