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Jun 30
Evolution Petroleum Q4 2025 Earnings Report
Evolution Petroleum posted improved Q4 results, rebounding from a prior quarter loss to report positive net income and higher adjusted EBITDA.
Key Takeaways
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 Petroleum
Evolution Petroleum
Evolution Petroleum Revenue by Segment
Evolution Petroleum Revenue by Geographic Location
Revenue by Segment
Crude Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNatural Gas Liquids Revenue
CapyFin.comRevenue by Geographic Location
SCOOP/STACK Revenue
CapyFin.comChaveroo Field Revenue
CapyFin.comJonah Field Revenue
CapyFin.comWilliston Basin Revenue
CapyFin.comBarnett Shale Revenue
CapyFin.comHamilton Dome Field Revenue
CapyFin.comDelhi Field Revenue
CapyFin.com Forward Guidance
Evolution expects to continue focusing on cash flow generation and disciplined acquisitions, leveraging its expanded credit facility.
Positive Outlook
- Largest-ever minerals-only acquisition closed in August
- Added ~5,500 net royalty acres in SCOOP/STACK
- 13th consecutive dividend declared
- Expanded credit facility to $65 million borrowing base
- Production from new wells at Chaveroo running ahead of expectations
Challenges Ahead
- Oil and NGL prices declined 20% and 12% YoY
- Delhi Field experienced downtime due to safety upgrades
- Higher lease operating costs in some fields
- Increased depletion rate YoY
- G&A expenses increased compared to last year