Evolution Petroleum Corporation, Inc. (EPM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	—	$0.03	—	—	$20.7M	—
Q4 25	$0.01	$0.03	+200.0%	—	$21.1M	—
Q3 25	$0.02	$0.02	0.0%	—	$22.6M	—
Q2 25	-$0.01	-$0.03	-200.0%	—	$20.3M	—
Q1 25	$0.04	$0.02	-50.0%	—	$21.9M	—
Q4 24	$0.04	$0.03	-25.0%	—	$21.2M	—
Q3 24	$0.03	$0.03	0.0%	—	$23M	—
Q2 24	$0.06	$0.03	-50.0%	—	$21M	—
Q1 24	$0.08	$0.04	-50.0%	—	$20.6M	—
Q4 23	$0.17	$0.41	+141.2%	—	—	—
Q3 23	$0.25	$0.31	+24.0%	—	—	—
Q2 23	$0.38	$0.32	-15.8%	—	—	—
Q1 23	$0.41	$0.44	+7.3%	—	—	—
Q4 22	$0.23	$0.17	-26.1%	—	—	—
Q3 22	$0.21	$0.2	-4.8%	—	—	—
Q2 22	$0.15	$0.16	+6.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.03	—	—	$85.8M	—
FY24	—	$0.12	—	—	$85.9M	—
FY23	—	$1.05	—	—	$128.5M	—
FY22	—	$0.97	—	—	$108.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$26.3M	$34.5M	$40.8M	$43.2M	$29.6M	$32.7M	$108.9M	$128.5M	$85.9M	$85.8M
YoY change	-5.36%	+30.9%	+18.2%	+6.02%	-31.5%	+10.5%	+233.1%	+18%	-33.2%	-0.04%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	26.3M	34.5M	40.8M	43.2M	29.6M	32.7M	108.9M	128.5M	85.9M	85.8M
Cost of revenue	14.3M	16.6M	17.8M	20.4M	19.1M	21.5M	56.2M	72.7M	66.9M	69.7M
Gross profit	12.1M	17.9M	23M	22.8M	10.5M	11.2M	52.7M	55.8M	19M	16.1M
Gross margin	45.7%	52%	56.4%	52.8%	35.4%	34.1%	48.4%	43.4%	22.1%	18.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	8M	5M	6.8M	5.1M	5.3M	6.8M	6.8M	9.6M	9.6M	10.3M
Operating expenses	8.1M	5M	6.9M	5.2M	5.4M	7M	7.4M	10.7M	11.1M	12M
Operating income	4M	12.9M	16.2M	17.6M	5.1M	4.2M	45.4M	45.1M	7.9M	—
Operating margin	15.2%	37.4%	39.8%	40.8%	17.1%	12.8%	41.7%	35.1%	9.21%	—
Non-operating income, net	30.3M	25.3K	—	1.1M	-1.4M	-25.6M	-3.8M	513K	-1.3M	473K
Pretax income	34.2M	12.9M	16.2M	18.9M	3.8M	-21.4M	41.1M	45.3M	5.5M	1.9M
Income tax	9.6M	4.8M	-3.4M	3.5M	-2.2M	-5M	8.5M	10.1M	1.4M	396K
Net income	24.7M	8M	19.6M	15.4M	5.9M	-16.4M	32.6M	35.2M	4.1M	1.5M
Net margin	93.6%	23.3%	48.1%	35.6%	20.1%	-50.3%	30%	27.4%	4.75%	1.72%
EBITDA	9.2M	18.7M	22.5M	25.2M	11M	9.4M	53.5M	59.5M	28.3M	26.4M
EPS	0.73	0.21	0.59	0.46	0.18	-0.49	0.97	1.05	0.12	0.03
Diluted EPS	0.73	0.21	0.59	0.46	0.18	-0.49	0.96	1.04	0.12	0.03

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	18.2M	20.6M	21M	23M	21.2M	21.9M	20.3M	22.6M	21.1M	21.3M	20.7M	20.2M
Cost of revenue	14.5M	16.1M	17M	18.5M	15.3M	17.5M	18.2M	18.4M	15.6M	19M	17.4M	18.3M
Gross profit	3.7M	4.5M	4.1M	4.5M	6M	4.4M	2M	4.2M	5.5M	2.2M	3.3M	1.9M
Gross margin	20.1%	21.6%	19.3%	19.5%	28.1%	20%	10.1%	18.4%	26.2%	10.5%	15.7%	9.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.3M	2.6M	2.5M	2.4M	2.1M	2.5M	2.7M	2.6M	2.6M	2.3M	2.6M	2.5M
Operating expenses	2.3M	2.6M	2.5M	2.4M	2.1M	2.5M	2.7M	2.6M	2.6M	2.3M	2.6M	2.5M
Operating income	259K	1.9M	1.6M	2.1M	2.4M	1.9M	-605K	1.6M	1.3M	-85K	658K	-558K
Operating margin	1.43%	8.99%	7.45%	9.05%	11.3%	8.47%	-2.98%	7.03%	6.35%	-0.4%	3.18%	-2.77%
Non-operating income, net	0	—	—	-1.2M	-109K	1.8M	-1.2M	-3.8M	3.7M	2.2M	2.2M	-9.9M
Pretax income	300K	1.9M	1.6M	446K	1.5M	2.9M	-2.5M	-2.9M	4.4M	1.2M	1.9M	-11.4M
Income tax	134K	463K	554K	157K	243K	821K	-711K	-687K	973K	365K	837K	-2.4M
Net income	166K	1.5M	1.1M	289K	1.2M	2.1M	-1.8M	-2.2M	3.4M	824K	1.1M	-8.9M
Net margin	0.91%	7.15%	5.15%	1.26%	5.82%	9.43%	-9%	-9.66%	16.2%	3.87%	5.15%	-44.3%
EBITDA	4.2M	6.2M	6.3M	8M	7.8M	7.6M	4.9M	6.7M	7.2M	5.9M	6.6M	4.8M
EPS	0.01	0.04	0.03	0.01	0.04	0.06	-0.06	-0.07	0.1	0.02	0.03	-0.26
Diluted EPS	0.01	0.04	0.03	0.01	0.04	0.06	-0.06	-0.07	0.1	0.02	0.03	-0.26

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	179.5M	267.6M	326.3M	237.1M	92.5M	165M	179.9M	266.2M	172.3M	155.8M	138.6M
Enterprise value	145.4M	244.6M	301.4M	205.5M	73M	163.8M	192.9M	255.3M	205.5M	190.9M	189.7M
Shares outstanding	32.8M	33M	33.1M	33.2M	33M	33.3M	33M	33M	32.7M	33.2M	33.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	7.28	33.3	16.6	15.4	15.6	—	5.51	7.56	42.2	105.8	59.9
P/S	6.81	7.76	8	5.48	3.12	5.05	1.65	2.07	2.01	1.82	1.64
P/B	2.35	3.91	4.22	2.96	1.25	3.02	2.38	2.89	2.12	2.17	2.1
EV/EBITDA	15.7	13.1	13.4	8.15	6.63	17.4	3.6	4.29	7.26	7.24	8.1
EV/Sales	5.52	7.09	7.39	4.75	2.47	5.01	1.77	1.99	2.39	2.22	2.2
Earnings yield	13.7%	3.01%	6.01%	6.49%	6.42%	—	18.1%	13.2%	2.37%	0.95%	1.67%
FCF yield	5.32%	2.35%	5.16%	7.3%	1.44%	-8.51%	-1.34%	16.6%	-15.6%	7.32%	-4.02%
PEG	—	—	—	—	—	—	—	—	—	—	0.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	45.7%	52%	56.4%	52.8%	35.4%	34.1%	48.4%	43.4%	22.1%	18.8%	9.5%
Operating margin	15.2%	37.4%	39.8%	40.8%	17.1%	12.8%	41.7%	35.1%	9.21%	—	25.1%
Net margin	93.6%	23.3%	48.1%	35.6%	20.1%	-50.3%	30%	27.4%	4.75%	1.72%	-2.81%
ROE	32.3%	11.7%	25.4%	19.2%	8.01%	-30.1%	43.2%	38.2%	5.03%	2.05%	-3.67%
ROA	25.3%	9.11%	20.9%	16.1%	6.44%	-21.4%	22%	27.4%	2.5%	0.92%	0.24%
ROIC	6.82%	17.7%	31%	29.6%	9.29%	7.85%	40.7%	43.2%	5.13%	—	1.2%
Return on tangible assets	25.4%	9.13%	21%	16.1%	6.45%	-21.4%	22%	27.4%	2.5%	0.92%	-2.14%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.35	9.62	7.26	12.8	5.92	2.75	1.2	1.73	1.37	0.81	0.92
Quick ratio	4.35	9.62	7.26	12.8	5.92	2.75	1.2	1.73	1.37	0.81	0.61
Debt / equity	—	—	—	—	0	0.07	0.28	0	0.49	0.52	0.94
Debt / assets	—	—	—	—	0	0.05	0.14	0	0.24	0.23	0.34
Net debt / EBITDA	—	—	—	—	-1.77	-0.13	0.24	-0.18	1.17	1.33	2.22
Interest coverage	483.5	158.6	147.1	162.8	34.9	-207	72.9	99.9	4.77	1.63	-0.09
Effective tax rate	28%	37.6%	0%	18.5%	0%	0%	20.7%	22.2%	25.8%	21.2%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.8	1.04	1.23	1.3	0.9	0.98	3.31	3.9	2.63	2.59	2.52
EPS (basic)	0.73	0.21	0.59	0.46	0.18	-0.49	0.97	1.05	0.12	0.03	0.03
EPS (diluted)	0.73	0.21	0.59	0.46	0.18	-0.49	0.96	1.04	0.12	0.03	-0.08
Book value per share	2.33	2.07	2.33	2.42	2.24	1.64	2.29	2.79	2.48	2.17	1.68
FCF per share	0.29	0.19	0.51	0.52	0.04	-0.42	-0.07	1.34	-0.82	0.34	-0.39
Cash per share	1.04	0.7	0.75	0.95	0.6	0.16	0.25	0.33	0.2	0.08	0.16
Capex per share	0.64	0.31	0.11	0.2	0.33	0.55	1.62	0	1.18	0.38	0.31

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	80.1%	29.5%	9.05%	15.6%	37.4%	56%	49%	0.02%	45.1%	14.7%	12.8%
Capex / operating cash flow	62.8%	58.8%	17.9%	28.1%	100.6%	-105.5%	108.8%	0.06%	164%	38.2%	39.2%
Payout ratio	29.4%	107.9%	59.1%	86.3%	180.9%	-26.4%	36.2%	45.7%	393.1%	1.1K%	600%
Dividend yield	4.03%	3.25%	3.55%	5.6%	11.6%	2.63%	6.56%	6.05%	9.31%	10.5%	13.8%

Yield

13.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.12

ex-dividend Jun 15, 2026

Payout ratio

600%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 15, 2026	$0.12
Mar 16, 2026	$0.12
Dec 15, 2025	$0.12
Sep 22, 2025	$0.12
Jun 13, 2025	$0.12

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$18.2M	$20.6M	$21M	$23M	$21.2M	$21.9M	$20.3M	$22.6M	$21.1M	$21.3M	$20.7M	$20.2M
YoY change	-56.7%	-48.2%	-37.6%	-37.5%	+16.8%	+6.29%	-3.56%	-2.02%	-0.56%	-2.78%	+1.99%	-10.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	34.1M	23M	24.9M	31.6M	19.7M	5.3M	8.3M	11M	6.4M	2.5M
Receivables	2.6M	2.7M	3.9M	3.2M	1.9M	8.7M	24M	7.9M	10.8M	10.8M
Inventory	0	—	—	—	—	—	—	—	—	—
Total current assets	37.1M	26.1M	32.1M	35.2M	25.3M	18.1M	36.4M	21.2M	21.7M	17.4M
Property, plant & equipment	-17.4M	-23.1M	-29.1M	-35.2M	-40.7M	-70.5M	-78M	-91.1M	-109.7M	-130.2M
Goodwill & intangibles	203.5K	176.3K	187.8K	148.5K	107.6K	0	—	—	—	—
Total assets	97.5M	88.3M	93.7M	95.8M	92.1M	76.7M	148M	128.3M	162.9M	160.3M
Accounts payable	5.8M	2M	3.4M	2.1M	1.5M	1.6M	15.1M	5.9M	8.3M	12.9M
Short-term debt	—	—	—	—	54.3K	64K	26K	59K	98K	66K
Total current liabilities	8.5M	2.7M	4.4M	2.8M	4.3M	6.6M	30.3M	12.3M	15.8M	21.4M
Long-term debt	—	—	—	—	85K	4M	21.3M	125K	39.6M	37.5M
Total liabilities	21.1M	19.8M	16.4M	15.6M	18M	22.1M	72.5M	36.2M	81.8M	88.4M
Shareholders' equity	76.3M	68.5M	77.3M	80.1M	74.1M	54.6M	75.5M	92.1M	81.1M	71.8M
Total debt	—	—	—	—	139.3K	4.1M	21.3M	184K	39.7M	37.6M
Net debt	—	—	—	—	-19.5M	-1.2M	13M	-10.8M	33.2M	35.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	11M	9.4M	8.5M	3.1M	6.4M	6.9M	11.7M	5.6M	2.5M	714K	3.8M	2.6M
Receivables	7.9M	10.6M	10.1M	13.4M	10.8M	10.8M	10.7M	10.7M	10.8M	8.5M	9.3M	9.5M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	21.2M	22.1M	21.1M	23.1M	21.7M	21M	27M	19.8M	17.4M	12.5M	17.2M	16.5M
Property, plant & equipment	-91.1M	-95M	-99.2M	-104.8M	-109.7M	-115.1M	-120.1M	-124.8M	-130.2M	-135.8M	-140.9M	-145.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	128.3M	127.2M	126M	166.5M	162.9M	157.9M	160.2M	156.4M	160.3M	169.1M	169.3M	169.8M
Accounts payable	5.9M	7.1M	8.2M	8.1M	8.3M	7.5M	10.8M	12M	12.9M	11.2M	11M	12.6M
Short-term debt	59K	59K	97K	97K	98K	99K	100K	89K	66K	42K	63K	70K
Total current liabilities	12.3M	13.1M	14.5M	15.5M	15.8M	12.4M	16.5M	22.5M	21.4M	17.9M	19.1M	27.1M
Long-term debt	125K	112K	101K	42.6M	39.6M	39.5M	39.5M	35.5M	37.5M	53M	54.9M	56.9M
Total liabilities	36.2M	37.3M	38.5M	83.1M	81.8M	78.3M	83.9M	84.7M	88.4M	100M	101.7M	111.4M
Shareholders' equity	92.1M	89.9M	87.4M	83.5M	81.1M	79.6M	76.3M	71.7M	71.8M	69.1M	67.5M	58.4M
Total debt	184K	171K	198K	42.7M	39.7M	39.6M	39.6M	35.6M	37.6M	53M	54.9M	56.9M
Net debt	-10.8M	-9.2M	-8.3M	39.6M	33.2M	32.7M	27.9M	30M	35.1M	52.3M	51.2M	54.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	24.7M	8M	19.6M	15.4M	5.9M	-16.4M	32.6M	35.2M	4.1M	1.5M
Depreciation & amortization	5.2M	5.8M	6.2M	6.3M	5.8M	5.2M	8.1M	14.3M	20.1M	22M
Stock-based compensation	1.8M	1.2M	1.4M	888.2K	1.3M	1.3M	125K	1.6M	2.1M	2.5M
Change in working capital	1.3M	-1.7M	-1.3M	682.9K	-2.5M	-2.1M	7.1M	5M	-2.5M	4.9M
Operating cash flow	33.6M	17.3M	20.6M	24M	11M	-17.3M	49M	55.6M	23.6M	33.1M
Capital expenditure	-21.1M	-10.2M	-3.7M	-6.7M	-11.1M	-18.3M	-53.3M	-31K	-38.7M	-12.6M
Investing cash flow	-17.6M	-10.2M	-3.7M	-6.7M	-11.1M	-18.3M	-53.3M	-31K	-38.7M	-12.6M
Dividends paid	-7.2M	-8.7M	-11.6M	-13.3M	-10.7M	-4.3M	-11.8M	-16.1M	-16M	-16.3M
Share repurchases	-1.4M	-8.4M	-571.1K	-156.8K	-2.5M	-7K	-38K	-4.2M	-1.1M	-442K
Financing cash flow	884.4K	-17.1M	-12.2M	-13.4M	-13.2M	-349K	5.4M	-41.5M	22.3M	-15.3M
Net change in cash	16.8M	-10M	4.8M	3.8M	-13.3M	-36M	1.1M	14.1M	7.2M	5.1M
Free cash flow	9.6M	6.3M	16.8M	17.3M	1.3M	-14M	-2.4M	44.3M	-26.9M	11.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	166K	1.5M	1.1M	289K	1.2M	2.1M	-1.8M	-2.2M	3.4M	824K	1.1M	-8.9M
Depreciation & amortization	3.8M	4.3M	4.6M	5.9M	5.3M	5.7M	5.4M	5M	5.8M	6M	5.9M	5.3M
Stock-based compensation	484K	472K	564K	549K	552K	559K	659K	642K	622K	537K	613K	595K
Change in working capital	-3.4M	-2.4M	2.6M	-4.1M	1.4M	-275K	3.5M	1.1M	525K	1.3M	-1.4M	1.3M
Operating cash flow	847K	3.8M	8.2M	3.4M	8.2M	7.7M	7.8M	2.4M	10.5M	7.8M	5.4M	3.5M
Capital expenditure	0	0	0	-43.8M	5.1M	-262K	-69K	-20K	-4.7M	-3.8M	-837K	-1.3M
Investing cash flow	0	0	0	-43.8M	5.1M	-262K	-69K	-20K	-4.7M	-3.8M	-837K	-1.3M
Dividends paid	-4M	-4M	-4M	-4M	-4M	-4M	-4.1M	-4.1M	-4.1M	-4.2M	-4.2M	-4.3M
Share repurchases	-187K	-105K	-108K	-818K	-113K	-88K	-103K	-71K	-180K	-132K	-50K	-43K
Financing cash flow	-4.2M	-4.1M	-4.1M	-4.8M	-7.1M	-4.1M	-1.9M	-7.1M	-2M	11.1M	-1.8M	1.3M
Net change in cash	-3.3M	-351K	4.1M	-45.3M	6.2M	3.3M	5.8M	-4.7M	3.8M	15.1M	2.8M	3.5M
Free cash flow	-3.2M	2.5M	3.2M	-43.1M	10.5M	4.6M	6.9M	2.8M	-2.9M	-12.9M	4.8M	-2.4M

Date	Ratio
Feb 5, 2004	1:40
Feb 8, 2002	1:100

Evolution Petroleum Corporation, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history