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Jun 30, 2024
Evolution Petroleum Q4 2024 Earnings Report
Reported fourth quarter and full year fiscal 2024 results.
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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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