Evolution Petroleum delivered a solid Q4, with a return to profitability and stable production levels. Adjusted EBITDA rose, supported by higher natural gas prices and contributions from recent acquisitions.
Net income reached $3.4 million, up from $1.2 million last year
Adjusted EBITDA increased to $8.6 million
Total production remained flat YoY at 7,198 BOEPD
Natural gas prices rose 66% YoY, offsetting weaker oil and NGL prices
Evolution expects to continue focusing on cash flow generation and disciplined acquisitions, leveraging its expanded credit facility.
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