EVOLUTION PETROLEUM CORP EPM
Note: See Glossary of Selected Petroleum Industry Terms starting on page iv.
Evolution Petroleum Corporation ("Evolution," and together with its consolidated subsidiaries, the "Company", "our", "we, "us" or similar terms) is an independent energy company focused on maximizing total returns to its shareholders through the ownership of and investment in onshore oil and natural gas properties in the United States. Our long-term goal is to maximize total shareholder return from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development opportunities, production enhancement, and other exploitation efforts on our oil and natural gas properties.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.8M | $85.9M | $128.5M | $108.9M | $32.7M | $29.6M | $43.2M | $40.8M | $34.5M | $26.3M |
| Cost of revenue | $49.3M | $48.3M | $59.5M | $48.7M | $16.6M | — | — | — | — | — |
| Gross profit | $36.5M | $37.6M | $69.0M | $60.3M | $16.1M | — | — | — | — | — |
| SG&A | $10.3M | $9.6M | $9.6M | $6.8M | $6.8M | $5.3M | $5.1M | $6.8M | $5.0M | $9.1M |
| Total operating expenses | — | — | — | — | $54.1M | $25.9M | $25.6M | $24.6M | $21.6M | $24.7M |
| Operating income | $4.2M | $7.9M | $45.1M | $45.4M | -$20.7M | $3.7M | $17.6M | $16.2M | $12.9M | $1.7M |
| Interest expense | $3.0M | $1.5M | $458.0K | $572.0K | $103.0K | $110.8K | $116.5K | $110.8K | $81.8K | $70.9K |
| Pre-tax income | $1.9M | $5.5M | $45.3M | $41.1M | -$21.4M | $3.8M | $18.9M | $16.2M | $12.9M | $34.2M |
| Income tax | $396.0K | $1.4M | $10.1M | $8.5M | $5.0M | $2.2M | $3.5M | $3.4M | $4.8M | $9.6M |
| Net income | $1.5M | $4.1M | $35.2M | $32.6M | -$16.4M | $5.9M | $15.4M | $19.6M | $8.0M | $24.7M |
| EPS, basic | 0.03 | 0.12 | 1.05 | 0.97 | -0.50 | 0.18 | 0.46 | 0.59 | 0.21 | 0.73 |
| EPS, diluted | 0.03 | 0.12 | 1.04 | 0.96 | -0.50 | 0.18 | 0.46 | 0.59 | 0.21 | 0.73 |
| Shares, diluted (wtd. avg.) | $33.3M | $32.9M | $33.2M | $33.3M | $32.7M | $33.0M | $33.2M | $33.2M | $33.1M | $32.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.5M | $6.4M | $11.0M | $8.3M | $5.3M | $19.7M | $31.6M | $27.7M | $23.0M | $34.1M |
| Receivables | $10.8M | $10.8M | $7.9M | $24.0M | $8.7M | $1.9M | $3.2M | $3.9M | $2.7M | $2.6M |
| Total current assets | $17.4M | $21.7M | $21.2M | $36.4M | $18.1M | $25.3M | $35.2M | $32.1M | $26.1M | $37.1M |
| Property, plant and equipment | — | — | — | $110.5M | $58.5M | $66.5M | $60.4M | $61.3M | $61.8M | $60.0M |
| Total assets | $160.3M | $162.9M | $128.3M | $148.0M | $76.7M | $92.1M | $95.8M | $93.7M | $88.3M | $97.5M |
| Accounts payable | $12.9M | $8.3M | $5.9M | $15.1M | $1.6M | $1.5M | $2.1M | $3.4M | $2.0M | $5.8M |
| Total current liabilities | $21.4M | $15.8M | $12.3M | $30.3M | $6.6M | $4.3M | $2.8M | $4.4M | $2.7M | $8.5M |
| Total liabilities | $88.4M | $81.8M | $36.2M | $72.5M | $22.1M | $18.0M | $15.6M | $16.4M | $19.8M | $21.1M |
| Retained earnings | $25.1M | $40.0M | $52.0M | $32.9M | $12.0M | $32.8M | $37.6M | $35.5M | $27.5M | $29.1M |
| Total equity | $71.8M | $81.1M | $92.1M | $75.5M | $54.6M | $74.1M | $80.1M | $77.3M | $68.5M | $76.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.1M | $22.7M | $51.3M | $52.5M | $4.7M | $12.4M | $24.1M | $20.5M | $16.5M | $30.7M |
| Depreciation and amortisation | $22.0M | $20.1M | $14.3M | $8.1M | $5.2M | $5.8M | $6.3M | $6.1M | $5.7M | $5.2M |
| Stock-based compensation | $2.5M | $2.1M | $1.6M | $125.0K | $1.3M | $1.3M | $888.2K | $1.4M | $1.2M | $1.8M |
| Investing cash flow | -$21.6M | -$49.6M | -$7.0M | -$54.9M | -$18.8M | -$11.1M | -$6.8M | -$3.7M | -$10.5M | -$17.6M |
| Financing cash flow | -$15.3M | $22.3M | -$41.5M | $5.4M | -$349.0K | -$13.2M | -$13.4M | -$12.2M | -$17.1M | $935.4K |
| Dividends paid | $16.3M | $16.0M | $16.1M | $11.8M | $4.3M | $10.7M | $13.3M | $11.6M | $8.4M | $6.6M |
| Buybacks | $442.0K | $1.1M | $4.2M | $38.0K | $7.0K | $2.5M | $156.8K | $571.1K | $459.9K | $1.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-25-090839.
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