Evolution Petroleum Corp
NYSE American:EPM

  • LAST PRICE
    5.6400
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    5.3800/ 1
  • Ask / Lots
    5.8500/ 1
  • Open / Previous Close
    5.6300 / 5.6400
  • Day Range
    5.5700
    5.6900
  • 52 Week Range
    5.0000
    10.1100
  • Volume
    301,429

Search Criteria

Click on magnifying glass icon to search

CompanyCountrySymbol

TD Direct Investing offers more research reports than any other discount brokerage in Canada. Provided from the industry's most trusted sources, our service includes timely, relevant information for the current trading day and comprehensive industry, sector, and insider trading reports for further analysis.

Open a New Account, or Login if you're a client.

  • May 7, 2024

      Show headlines and story abstract

    • 6:08PM ET on Tuesday May 07, 2024 by Dow Jones
      Companies Mentioned: EPM

      By Mary de Wet

      Evolution Petroleum's oil production jumped 19% in its fiscal third quarter as an acquisition and new wells boosted output.

      On the third quarter:

    • 4:12PM ET on Tuesday May 07, 2024 by MT Newswires
      Companies Mentioned: EPM
      04:12 PM EDT, 05/07/2024 (MT Newswires) -- ...

    • 4:12PM ET on Tuesday May 07, 2024 by MT Newswires
      Companies Mentioned: EPM
      04:12 PM EDT, 05/07/2024 (MT Newswires) -- ...

    • 4:10PM ET on Tuesday May 07, 2024 by GlobeNewswire
      Companies Mentioned: EPM

    • 4:10PM ET on Tuesday May 07, 2024 by Dow Jones
      Companies Mentioned: EPM
      full cost proved oil and natural gas properties $ 5,532 $ 3,098 $ 4,238 $13,680 $ 9,598 Production: Crude oil (MBBL) 199 167 159 519 501 Natural gas (MMCF) 2,115 2,204 1,951 6,091 7,065 Natural gas liquids (MBBL) 104 104 96 295 325 Equivalent (MBOE)(1) 656 638 580 1,829 2,004 Average daily production (BOEPD)(1) 7,209 7,089 6,304 6,651 7,314 Average price per unit(2) : Crude oil (BBL) $ 73.06 $ 70.65 $ 73.96 $ 74.98 $ 79.96 Natural gas (MCF) 2.77 9.80 3.35 2.95 8.32 Natural Gas Liquids (BBL) 25.26 33.37 28.48 26.42 35.27 Equivalent (BOE)(1) $ 35.10 $ 57.79 $ 36.25 $ 35.35 $ 55.06 Average cost per unit: CO(2) costs $ 1.58 $ 2.85 $ 2.81 $ 2.32 $ 3.01 Ad valorem and production taxes 2.22 2.57 2.19 2.19 3.49 Other lease operating costs 15.44 15.84 16.31 15.65 17.31 ------ ------ ------ ------ ------- Total lease operating costs $ 19.24 $ 21.26 $ 21.31 $ 20.16 $ 23.81 Depletion of full cost proved oil and natural gas properties $ 8.43 $ 4.86 $ 7.31 $ 7.48 $ 4.79 CO(2) costs per MCF $ 0.92 $ 0.92 $ 0.97 $ 0.97 $ 1.01 CO(2) volumes (MMCF per day, gross) 52.1 91.7 76.4 67.0 90.8 (1) Equivalent oil reserves are defined as six MCF of natural gas and 42 gallons of NGLs to one barrel of oil conversion ratio, which reflects energy equivalence and not price equivalence. Natural gas prices per MCF and NGL prices per barrel often differ significantly from the equivalent amount of oil. (2) Amounts exclude the impact of cash paid or received on the settlement of derivative contracts since we did not elect to apply hedge accounting. Evolution Petroleum Corporation Summary of Production Volumes and Average Sales Price (Unaudited) Three Months Ended --------------------------------------------------- March 31, December 31, -------------------------------- ----------------- 2024 2023 2023 --------------- --------------- ----------------- Volume Price Volume Price Volume Price ------- ------ ------ ------- ------ --------- Production: Crude oil (MBBL) SCOOP/STACK 30 $78.71 -- $ -- -- $ -- Chaveroo Field 15 76.39 -- -- -- -- Jonah Field 8 72.25 9 80.17 8 80.25 Williston Basin 35 70.29 39 73.32 35 71.71 Barnett Shale 3 73.05 2 73.40 2 76.77 Hamilton Dome Field 35 61.21 36 55.40 36 62.03 Delhi Field 73 77.08 80 75.23 78 79.02 Other -- -- 1 80.76 -- -- ------ ----- ------ ------ ------ -------- Total 199 $73.06 167 $ 70.65 159 $ 73.96 ====== ===== ====== ====== ====== ======== Natural gas (MMCF) SCOOP/STACK 214 $ 2.11 -- $ -- -- $ -- Chaveroo Field 7 2.29 -- -- -- -- Jonah Field 843 3.94 886 20.31 883 $ 4.87 Williston Basin 20 1.36 29 3.30 14 1.91 Barnett Shale 1,031 1.98 1,289 2.73 1,054 2.10 Other -- -- -- -- -- -- ------ ----- ------ ------ ------ -------- Total 2,115 $ 2.77 2,204 $ 9.80 1,951 $ 3.35 ====== ===== ====== ====== ====== ======== Natural gas liquids (MBBL) 21,440 3,573.26 SCOOP/STACK 10 $25.14 -- $ -- -- $ -- Chaveroo Field 1 22.86 -- -- -- -- Jonah Field 9 31.93 9 33.22 10 25.88 Williston Basin 4 23.96 7 25.54 4 20.41 Barnett Shale 59 22.85 67 33.30 60 30.07 Delhi Field 20 30.48 21 38.09 22 26.90 Other 1 25.87 -- -- -- -- ------ ----- ------ ------ ------ -------- Total 104 $25.26 104 $ 33.37 96 $ 28.48 ====== ===== ====== ====== ====== ======== 1,055 Equivalent (MBOE)(1) SCOOP/STACK 76 $40.56 -- $ -- -- $ -- Chaveroo Field 17 68.40 -- -- -- -- Jonah Field 158 26.72 166 114.97 165 31.60 Williston Basin 42 61.15 51 62.01 41 63.22 Barnett Shale 234 15.41 284 20.80 238 17.61 Hamilton Dome Field 35 61.21 36 55.40 36 62.03 Delhi Field 93 67.21 100 67.62 100 67.63 Other 1 25.87 1 80.76 -- -- ------ ----- ------ ------ ------ -------- Total 656 $35.10 638 $ 57.79 580 $ 36.25 ====== ===== ====== ====== ====== ======== Average daily production (BOEPD)(1) SCOOP/STACK 835 -- -- Chaveroo Field 187 -- -- Jonah Field 1,736 1,844 1,793 Williston Basin 462 567 446 Barnett Shale 2,571 3,156 2,587 Hamilton Dome Field 385 400 391 Delhi Field 1,022 1,111 1,087 Other 11 11 -- ------ ------ ------ Total 7,209 7,089 6,304 ====== ====== ====== (1) Equivalent oil reserves are defined as six MCF of natural gas and 42 gallons of NGLs to one barrel of oil conversion ratio, which reflects energy equivalence and not price equivalence. Natural gas prices per MCF and NGL prices per barrel often differ significantly from the equivalent amount of oil. Evolution Petroleum Corporation Summary of Average Production Costs (Unaudited) Three Months Ended ------------------------------------------------- March 31, December 31, -------------------------------- --------------- 2024 2023 2023 --------------- --------------- --------------- Amount Price Amount Price Amount Price ------- ------ ------- ------ ------- ------ Production costs (in thousands, except per BOE): Lease operating costs SCOOP/STACK $ 619 $ 8.18 $ -- $ -- $ -- $ -- Chaveroo Field 161 9.12 -- -- -- -- Jonah Field 2,313 14.63 4,227 25.59 2,392 14.45 Williston Basin 1,413 33.69 1,636 32.40 1,205 28.74 Barnett Shale 3,767 16.07 2,806 9.88 3,883 16.31 Hamilton Dome Field 1,566 45.34 1,351 37.11 1,404 39.43 Delhi Field 2,785 30.19 3,550 35.42 3,474 35.00 ------ ----- ------ ----- ------ ----- Total $12,624 $19.24 $13,570 $21.26 $12,358 $21.31 ====== ===== ====== ===== ====== ===== (1) Adjusted net income is a non-GAAP financial measure, see "Non-GAAP Information" section later in this release for more information including reconciliations to the most comparable GAAP measures. (2) Adjusted EBITDA is Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization and is a non-GAAP financial measure; see the "Non-GAAP Reconciliation" tables later in this release for more information on the most comparable GAAP measures.

Peers Headlines