Evolution Petroleum Corporation (NYSE American: EPM) announced its financial and operating results for the fiscal year and quarter ended June 30, 2026, in a press release dated September 15, 2026. For the fiscal fourth quarter of 2026, the company reported total revenues of $24.2 million, representing a 15% increase compared to the same period in the prior year. This revenue growth was driven by higher realized oil and natural gas liquids prices, which increased 20% on a per-unit basis. Despite a slight decrease in average daily production to 6,901 barrels of oil equivalent per day (BOEPD) compared to the prior year, the company achieved a net income of $4.6 million, or $0.13 per diluted share, compared to $3.4 million, or $0.10 per diluted share, in the year-ago quarter.
Key operational metrics for the quarter included an average realized price of $38.55 per BOE, up from $32.23 per BOE in the prior year. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) more than doubled sequentially to $6.5 million from $3.1 million in the third quarter of 2026. The company returned $4.3 million to shareholders in the form of cash dividends during the quarter. For the full fiscal year 2026, Evolution reported total revenues of $88.3 million, net income of $15.5 million, and adjusted EBITDA of $24.4 million. The company also ended the year with total proved reserves of 27.2 million barrels of oil equivalent (MMBOE), replacing more than 100% of the 2.6 MMBOE produced during the year.
In other corporate developments, Evolution approved the declaration of a $0.12 per common share dividend for the first quarter of 2027. This payment marks the company’s 52nd consecutive quarterly cash dividend. Additionally, on August 20, 2026, the company completed the acquisition of mineral and royalty interests in the Permian/Midland Basin for approximately $16.0 million. The acquisition was funded with $12.8 million in net proceeds from a concurrent public offering of 4.3 million common shares and $3.2 million in borrowings under its Senior Secured Credit Facility.
