Evolution Petroleum (EPM) Fiscal Q4 2026 Earnings Call: EBITDA Rebounds, Permian Royalties Expand
Source Tradingkey
Key Takeaways
- Evolution Petroleum’s fiscal Q4 2026 revenue rose 20% sequentially and 15% year over year to $24.2 million, supported by higher oil and NGL realizations, increased production and the end of a prior-period transportation adjustment at Delhi.
- Adjusted EBITDA more than doubled sequentially to $6.5 million from $3.1 million, while adjusted net loss narrowed to $0.6 million from $2.9 million.
- Net income reached $4.6 million, or $0.13 per diluted share, including a $5.8 million unrealized derivative gain. This compared with a net loss of $8.9 million in fiscal Q3 2026, which included a $7.6 million unrealized derivative loss.
- Fiscal Q4 production averaged 6,901 BOE per day, up 3% sequentially but down 4% year over year. Full-year production was broadly stable at 7,077 BOE per day.
- After fiscal year-end, Evolution Petroleum completed an approximately $16 million Permian Midland Basin mineral acquisition, adding about 3,420 net royalty acres and more than 200 BOE per day of current production.
- The board maintained the quarterly dividend at $0.12 per share for fiscal Q1 2027, marking the company’s 52nd consecutive quarterly dividend payment.
Core Financial Data
| Metric | Fiscal Q4 2026 | Comparison / context |
|---|---|---|
| Production | 6,901 BOE/day | Up 3% sequentially; down 4% year over year |
| Revenue | $24.2 million | Up 20% sequentially and 15% year over year |
| Net income | $4.6 million | $0.13 per diluted share |
| Unrealized derivative gain | $5.8 million | Versus a $7.6 million unrealized loss in fiscal Q3 |
| Adjusted net loss | $0.6 million | Improved from a $2.9 million sequential loss; versus $1.1 million of adjusted net income a year earlier |
| Adjusted EBITDA | $6.5 million | Up from $3.1 million sequentially; down from $8.6 million a year earlier |
| Lease operating expense | $12.8 million | Versus $11.4 million a year earlier, when results included a $1.9 million Barnett audit credit |
| LOE per BOE | $20.35 | Down about 5% sequentially from $21.49; adjusted prior-year level was $20.25 |
| Operating cash flow | $6.8 million | Up from $3.5 million in fiscal Q3 |
| Capital expenditures | $1.4 million | Excludes $1.7 million invested in mineral acquisitions |
| Quarter-end cash | $6.1 million | Up from $2.6 million at March 31 |
| Credit facility borrowings | $56.5 million | Weighted-average interest rate of 6.69% |
| June 30 liquidity | Approximately $13.9 million | Includes cash and available borrowing capacity |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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