Evolution Petroleum Corporation (EPM) Q1 2026 Earnings Call Transcript
Total Revenue $21.3 million, a modest decline from $21.9 million in the prior year period, driven primarily by lower realized oil and NGL prices, partially offset by a 43% increase in natural gas pricing.
Net Income $0.8 million or $0.02 per diluted share, compared to $2.1 million or $0.06 per share in the year-ago quarter. The decline reflects lower oil and NGL prices and higher lease operating costs.
Adjusted EBITDA $7.3 million, compared to $8.1 million last year, reflecting the impact of lower oil and NGL prices and higher lease operating costs at the TexMex asset.
Cash Provided by Operating Activities $7.8 million, an increase from $7.6 million last year, attributed to operational performance.
Capital Expenditures $1.9 million for drilling and completion activities.
Cash and Cash Equivalents $0.7 million as of September 30, 2025.
Borrowings and Liquidity $53 million of borrowings and $0.8 million in letters of credit outstanding under the revolving credit facility, resulting in total liquidity of approximately $11.9 million, including cash and cash equivalents.
Dividend $4.1 million returned to shareholders through a $0.12 per share quarterly dividend, marking the 49th consecutive quarterly dividend and 14th consecutive at the current rate.
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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.
Top Wall Street Analysts Share Insights on 3 Energy Stocks Offering Over 9% Dividend Yields
Investor Interest in Dividend Stocks: In uncertain market conditions, investors are increasingly drawn to dividend-yielding stocks, which typically feature high free cash flows and substantial payouts to shareholders.
Evolution Petroleum Corp (EPM): EPM has a dividend yield of 11.76%. Analyst Nick Pope from Roth Capital reinstated a Buy rating with a $5 price target, while Bobby Brooks from Northland Capital Markets maintained a Market Perform rating but lowered the price target to $4.5.
Vitesse Energy Inc (VTS): VTS offers a dividend yield of 10.14%. Analyst Chris Baker from Evercore ISI maintained an In-Line rating and reduced the price target to $20, while John White from Roth MKM kept a Buy rating and raised the price target to $33.
Western Midstream Partners LP (WES): WES has a dividend yield of 9.37%. Analyst Spiro Dounis from Citigroup maintained a Neutral rating with a price target of $39, while Garbriel Moreen from Mizuho maintained an Outperform rating and increased the price target to $46.
