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EPM Price Correlated With Financials For Evolution Petroleum

Free historical financial statements for Evolution Petroleum Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2011. Compare with EPM stock chart to see long term trends.

EPM Stock Compared to Quarterly

EPM Income Statement

Revenue, Net:42019525
Revenue Per Share:1.2556
Selling, General & Admin Expense:null
Total Operating Expenses:22398020
Operating Income:19621505
Income Taxes:3361246
Net Income:14871616
Earnings Per Share, Basic:0.44
Shares Outstanding, Basic Avg:33466905

EPM Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:3564241
Net Cash from Operations:23768950
Net Cash from Operations Per Share:0.7102
Repurchases/Buybacks Common Stock:404
Cash Dividends Paid:3378492
Net Cash from Financing Activities:-2124896
Net Cash from Investing Activities:-26733082
Net Change in Cash & Equivalents:-5089028

EPM Balance Sheet

Cash and Cash Equivalents:8280000
Accounts Receivable, Net:24080000
Total Current Assets:36368000
Property, Plant & Equipment, Net:110508000
Total Assets:148047000
Accounts Payable:15133000
Total Short-Term Liabilities:30285000
Total Liabilities:72533000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Wasatch Advisors Inc
2,348,392 sh
6,142 sh
Blackrock Inc.
2,186,250 sh
-52,457 sh
Wealthtrust Axiom LLC
1,615,012 sh
91,536 sh
Vanguard Group Inc
1,259,685 sh
-38,174 sh
River Road Asset Management, LLC
1,211,968 sh
-27,990 sh
Dimensional Fund Advisors LP
1,000,865 sh
67,008 sh
Deprince Race & Zollo Inc
901,026 sh
79,536 sh
Acadian Asset Management LLC
680,147 sh
119,365 sh
Ranger Investment Management, L.P.
660,326 sh
660,326 sh
Amica Mutual Insurance Co
625,368 sh
-81,869 sh
North Star Investment Management Corp.
582,000 sh
-122,650 sh
Grandeur Peak Global Advisors, LLC
534,776 sh
-39,705 sh
Foundry Partners, LLC
459,029 sh
-177,425 sh
Russell Investments Group, Ltd.
394,117 sh
124,631 sh
Two Sigma Advisers, Lp
283,527 sh
-9,400 sh
Invesco Ltd.
269,725 sh
-1,646 sh
Geode Capital Management, LLC
265,063 sh
498 sh
Bank Of New York Mellon Corp
263,122 sh
48,628 sh
Bard Associates Inc
261,898 sh
26,500 sh
Morgan Stanley
258,317 sh
87,274 sh
Organization and Basis of Preparation Nature of Operations. Evolution Petroleum Corporation is an oil and natural gas company focused on delivering a sustainable dividend yield to its stockholders through the ownership, management, and development of producing oil and natural gas properties. The Company's long-term goal is to build a diversified portfolio of oil and natural gas assets primarily through acquisitions while seeking opportunities to maintain and increase production through selective development, production enhancement, and other exploitation efforts on its properties.

Our producing assets consist of our interests in the Delhi Holt-Bryant Unit in the Delhi field in Northeast Louisiana, a CO 2 enhanced oil recovery (“EOR”) project, our interests in the Hamilton Dome field located in Hot Springs County, Wyoming, a secondary recovery field utilizing water injection wells to pressurize the reservoir, our interests in the Barnett Shale located in North Texas, a natural gas producing shale reservoir, and overriding royalty interests in two onshore Texas wells.

Principles of Consolidation and Reporting. Our consolidated financial statements include the accounts of Evolution Petroleum Corporation and its wholly-owned subsidiaries (the “Company”). All significant intercompany transactions have been eliminated in consolidation. The consolidated financial statements for the previous year may include certain reclassifications to conform to the current presentation. Any such reclassifications have no impact on previously reported net income or stockholders' equity.

Risk and Uncertainties. The Company is continuously monitoring impacts of the COVID-19 pandemic on its business, including how it has and may continue to impact its financial results, liquidity, employees, and the operations of the Delhi field, Hamilton Dome fields, and its Barnett Shale assets in which it holds non-operated interests.

In response to the pandemic, the operator at Hamilton Dome temporarily shut-in some producing wells. In addition to the above, the pandemic slowed the repair schedule of the Delhi CO 2 supply pipeline which, together with the foregoing, negatively impacted our production. All of the Company’s property interests are not operated by the Company and involve other third-party working interest owners. As a result, the Company has limited ability to influence or control the operation or future development of such properties. However, the Company has been proactive with its third-party operators to review spend and alter plans as appropriate.

The Company is focused on putting long term measures to prevent future disruptions, maintaining its operations and system of controls remotely and has implemented its business continuity plans in order to allow its employees to securely work from home or in the corporate office. The Company was able to transition the operation of its business with minimal disruption and has maintained its system of internal controls and procedures.

Use of Estimates. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include (a) reserve quantities and estimated future cash flows associated with proved reserves, which may significantly impact depletion expense and potential impairments of oil and natural gas properties, (b) asset retirement obligations, (c) stock-based compensation, (d) fair values of derivative assets and liabilities, (e) income taxes and the valuation of deferred tax assets, (f) commitments and contingencies and (g) oil, natural gas, and NGL revenues. We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation o

Data imported from Evolution Petroleum Corp SEC filings. Check original filings before making any investment decision.