Evolution Petroleum Corporation announced its fiscal first quarter results, with increased production to 7,315 average barrels of oil equivalent per day. The company returned $4.2 million to shareholders in dividends and made its largest acquisition in the SCOOP/STACK area of Oklahoma. Revenues decreased by 3% to $21.3 million, impacted by lower realized oil and NGL prices. The company reported a net income of $0.8 million for the quarter.

Adjusted EBITDA for the quarter was $7.3 million, a decline from the previous year due to lower crude oil prices and higher lease operating costs. The company’s average realized commodity price per barrel of oil equivalent for the quarter was $31.63. Production in the first quarter of fiscal 2026 saw a 2% decline to 7,315 net BOEPD, with natural gas revenue increasing by 38%.

Evolution Petroleum’s strategy focuses on disciplined capital management and acquisitions to create shareholder value. The company declared a cash dividend of $0.12 per share, marking the 49th consecutive quarterly cash dividend payment. The company’s balance sheet shows $0.7 million in cash and cash equivalents as of September 30, 2025, with total liquidity at $11.9 million.

The company’s operations in various fields, including SCOOP/STACK, Chaveroo, Jonah, Hamilton Dome, and TexMex, have shown mixed results. Integration and transition activities continued at TexMex, while production increased at Jonah. The company continues to focus on optimizing operations and reducing costs across its assets.

Evolution Petroleum’s financial statements show net income of $824,000 for the quarter, with adjusted net income excluding selected items at a loss of $79,000. The company’s average daily production for the quarter was 7,315 BOEPD, with average prices per unit slightly decreasing compared to the previous year. The company also provided a summary of its open derivative contracts for crude oil and natural gas.

The company will host a conference call on November 12, 2025, to discuss its financial and operating results for the first quarter. For more information, investors can visit the Evolution Petroleum Corporation website.

Read more at GlobeNewswire: Evolution Petroleum Reports Fiscal First Quarter 2026