Evolution Petroleum Corporation (EPM) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2025
0mins
Should l Buy EPM?
Source: SeekingAlpha
Net Income $3.4 million, a material improvement year-over-year. This was driven by a balanced commodity mix and prudent cost controls.
Adjusted EBITDA $8.6 million, up 7% year-over-year and 16% sequentially. This increase was attributed to portfolio mix, cost discipline, and positive impacts from the hedge portfolio.
Average Production 7,198 BOE per day, essentially flat year-over-year. Temporary downtime at Delhi and pipeline balancing at Jonah were offset by production from new Chaveroo wells and the TexMex acquisition.
Total Revenues $21.1 million, essentially flat year-over-year. This reflected flat production and unchanged aggregate pricing due to a diversified commodity mix.
Realized Natural Gas Prices Increased 66% year-over-year. This was a significant positive factor in the revenue mix.
Realized Oil Prices Declined 20% year-over-year, reflecting a challenging oil price environment.
Realized NGL Prices Declined 12% year-over-year, contributing to the flat revenue performance.
Cash Provided by Operating Activities $10.5 million for the quarter, reflecting strong operational cash flow.
Capital Expenditures $4.7 million for the quarter, indicating disciplined capital spending.
Cash and Cash Equivalents $2.5 million as of June 30, 2025, with borrowings of $37.5 million and total liquidity of approximately $30 million.
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Analyst Views on EPM
Wall Street analysts forecast EPM stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 4.130
Low
4.00
Averages
4.50
High
5.00
Current: 4.130
Low
4.00
Averages
4.50
High
5.00
About EPM
Evolution Petroleum Corporation is an independent energy company. The Company is focused on ownership of and investment in onshore oil and natural gas properties in the United States. Its oil and natural gas properties consist of non-operated interests in the SCOOP and STACK plays of the Anadarko Basin located in central Oklahoma; the Chaveroo oilfield in Chaves and Roosevelt Counties of New Mexico; the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field located in Hot Springs County, Wyoming; the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana; as well as small overriding royalty interests in four onshore central Texas wells. Its non-operated interests in the SCOOP and STACK plays, consist of oil and natural gas producing properties in the Anadarko basin, where it holds approximately 2.6% average net working interest.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Analyst Accuracy: The ratings for these stocks come from the most accurate analysts, suggesting that in uncertain market conditions, investors are increasingly relying on professional advice to ensure the safety and profitability of their investments.
- Market Trends: As market volatility intensifies, the demand for high dividend stocks may continue to rise, reflecting not only a desire for stable income but also potentially influencing the overall flow of funds in the market.
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- Operational Leverage Realized: CEO Kelly Loyd highlighted that improved natural gas pricing and incremental contributions from minerals and royalty investments significantly boosted earnings and cash flow, reflecting the company's resilience in a mixed commodity price environment.
- Strategic Importance of Minerals: Recent activities in the SCOOP/STACK mineral area demonstrate the growth potential of the minerals and royalty platform, with expectations that newly acquired Haynesville-Bossier mineral assets will contribute meaningfully to cash flow and production in the upcoming quarters.
- Stable Capital Expenditure Guidance: CFO Ryan Stash reaffirmed the full-year capital expenditure guidance of $4 million to $6 million, with management expressing confidence in the integration of new mineral assets and ongoing efforts to optimize operating costs, which are expected to enhance shareholder value further.
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- Revenue Growth: The company generated $20.68 million in revenue for Q2, reflecting a 2.0% year-over-year increase, although it missed analyst expectations of $21.79 million, highlighting ongoing market challenges.
- Debt Analysis: With $50 million in debt, the company achieved a breakeven quarter, yet the high debt level may pose risks to future financial flexibility, necessitating close monitoring of sustainability.
- Rating Adjustment: Roth reinstated a “Buy” rating on Evolution Petroleum based on its “acquire and exploit” strategy, indicating market confidence in its growth potential despite current financial fluctuations.
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- Acquisition Activity Expansion: Between late December 2025 and January 2026, Evolution closed four mineral and royalty acquisitions totaling $4.5 million, adding 321 net royalty acres, with expectations of payback within three years, enhancing cash flow and portfolio diversification.
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- Historical Performance Review: Over the past two years, Evolution Petroleum has beaten EPS estimates 38% of the time and revenue estimates 50% of the time, demonstrating a degree of reliability in its financial performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and one downward revision, while revenue estimates have experienced no upward revisions and two downward revisions, reflecting a cautious market outlook on the company's future performance.
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- Attractive Dividend Yield: With a dividend yield of 11.79%, Vitesse Energy appeals to investors seeking stable cash flows, although recent stock price volatility indicates challenges in the energy sector.
- Competitive Analysis: Vitesse Energy's dividend yield surpasses many peers in the energy industry, highlighting its competitive advantage in capital returns despite facing market uncertainties.
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High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess strong free cash flows and reward shareholders with substantial dividend payouts.
- Energy Sector Performance: Analyst ratings for three high-yielding energy stocks, namely Evolution Petroleum Corp (NYSE:EPM), Vitesse Energy Inc (NYSE:VTS), and Plains All American Pipeline LP (NASDAQ:PAA), indicate their strong appeal to investors in the current market environment.
- Analyst Accuracy: The ratings for these stocks come from the most accurate analysts, suggesting that in uncertain market conditions, investors are increasingly relying on professional advice to ensure the safety and profitability of their investments.
- Market Trends: As market volatility intensifies, the demand for high dividend stocks may continue to rise, reflecting not only a desire for stable income but also potentially influencing the overall flow of funds in the market.
See More
Evolution Petroleum Corporation Q2 2026 Earnings Call Highlights
- Financial Performance Improvement: Evolution Petroleum reported total revenues of $20.7 million for Q2, a 2% year-over-year increase, with net income of $1.1 million, a significant turnaround from a net loss of $1.8 million in the prior year, showcasing the company's success in asset diversification and cost control.
- Operational Leverage Realized: CEO Kelly Loyd highlighted that improved natural gas pricing and incremental contributions from minerals and royalty investments significantly boosted earnings and cash flow, reflecting the company's resilience in a mixed commodity price environment.
- Strategic Importance of Minerals: Recent activities in the SCOOP/STACK mineral area demonstrate the growth potential of the minerals and royalty platform, with expectations that newly acquired Haynesville-Bossier mineral assets will contribute meaningfully to cash flow and production in the upcoming quarters.
- Stable Capital Expenditure Guidance: CFO Ryan Stash reaffirmed the full-year capital expenditure guidance of $4 million to $6 million, with management expressing confidence in the integration of new mineral assets and ongoing efforts to optimize operating costs, which are expected to enhance shareholder value further.
See More
Evolution Petroleum Corporation Q2 Earnings Highlights
- Earnings Beat: Evolution Petroleum Corporation reported a Q2 GAAP EPS of $0.03, beating expectations by $0.03, indicating stable profitability despite revenue shortfalls.
- Revenue Growth: The company generated $20.68 million in revenue for Q2, reflecting a 2.0% year-over-year increase, although it missed analyst expectations of $21.79 million, highlighting ongoing market challenges.
- Debt Analysis: With $50 million in debt, the company achieved a breakeven quarter, yet the high debt level may pose risks to future financial flexibility, necessitating close monitoring of sustainability.
- Rating Adjustment: Roth reinstated a “Buy” rating on Evolution Petroleum based on its “acquire and exploit” strategy, indicating market confidence in its growth potential despite current financial fluctuations.
See More
Evolution Petroleum Reports Strong Q2 2026 Financial Results with Increased Dividends
- Financial Performance Boost: In Q2 2026, Evolution's total revenues increased by 2% year-over-year to $20.7 million, primarily driven by a 6% rise in production and a 22% increase in natural gas prices, demonstrating the company's resilience amid market fluctuations.
- Consistent Shareholder Returns: The company declared its 15th consecutive cash dividend of $0.12 per share, marking its 50th consecutive quarterly cash dividend payment, reflecting its commitment to shareholders and stable cash flow.
- Acquisition Activity Expansion: Between late December 2025 and January 2026, Evolution closed four mineral and royalty acquisitions totaling $4.5 million, adding 321 net royalty acres, with expectations of payback within three years, enhancing cash flow and portfolio diversification.
- Operational Efficiency Improvement: By transitioning from electric submersible pumps to rod pumps in the Chaveroo field, production efficiency significantly improved, trending approximately 5% above initial expectations, which will further enhance capital efficiency and long-term asset value.
See More
Evolution Petroleum Corporation to Announce Q2 Earnings on February 10th
- Earnings Announcement: Evolution Petroleum Corporation is set to release its Q2 2023 earnings report on February 10th after market close, with a consensus EPS estimate of $0.01, reflecting a significant year-over-year increase of 133.3%, indicating improved profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $21.8 million, representing a 7.5% year-over-year growth, which highlights the company's stable growth trajectory despite facing market challenges.
- Historical Performance Review: Over the past two years, Evolution Petroleum has beaten EPS estimates 38% of the time and revenue estimates 50% of the time, demonstrating a degree of reliability in its financial performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and one downward revision, while revenue estimates have experienced no upward revisions and two downward revisions, reflecting a cautious market outlook on the company's future performance.
See More
Vitesse Energy Lowers Price Target to $20, Dividend Yield at 11.79%
- Analyst Rating Update: Evercore ISI Group analyst Chris Baker lowered the price target for Vitesse Energy from $22 to $20 on October 6, 2025, maintaining an In-Line rating, reflecting a cautious outlook on the company's future performance.
- Attractive Dividend Yield: With a dividend yield of 11.79%, Vitesse Energy appeals to investors seeking stable cash flows, although recent stock price volatility indicates challenges in the energy sector.
- Competitive Analysis: Vitesse Energy's dividend yield surpasses many peers in the energy industry, highlighting its competitive advantage in capital returns despite facing market uncertainties.
- Market Dynamics: The mixed quarterly results from Vitesse Energy, coupled with analysts' rating adjustments, reveal differing perspectives on its future profitability, which may impact investor confidence.
See More
