NYSE$EPM
Evolution Petroleum Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record quarterly results driven by increased production and higher realized prices.
Evolution Petroleum reported record Fiscal Q3 2023 results, with revenue up 9% sequentially to $36.9 million and net income up 34% sequentially to $14.0 million, driven by increased production and higher realized prices. The company also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2023 fourth quarter.
- Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34% to a record $14.0 million or $0.41 per diluted share in Fiscal Q3.
- Increased quarterly Adjusted Net Income by 46% sequentially and 84% YoY to $14.1 million.
- Generated record Adjusted EBITDA of $22.0 million during Fiscal Q3 an increase of 34% sequentially and 78% YoY.
- Produced 7,089 net barrels of oil equivalent per day in Q3.
Headline financials
Revenue & EPS history
Evolution Petroleum · Revenue · Quarterly
$36.9M
Revenue by segment
Evolution Petroleum · $36.9M total across 3 segments · Q3 2023
- Natural Gas$21.6M—58.6%
- Crude Oil$11.8M—32.0%
- Natural Gas Liquids$3.47M—9.4%
Forward guidance
Evolution believes its near-term capital spending requirements will be met from cash flows from operations and current working capital.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-0.0%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+4.7%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+15.9%
Q4 2022
Best reaction
-22.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -8.6% | -2.3% | -13.2% | |
| Q2 2026 | +5.5% | +9.2% | +17.3% | |
| Q1 2026 | -4.6% | -11.3% | -10.9% | |
| Q3 2025 | +2.7% | -0.4% | +11.9% | |
| Q2 2025 | -1.3% | -0.9% | -6.4% | |
| Q1 2025 | +3.2% | +5.2% | +2.0% | |
| Q4 2024 | +14.9% | +14.9% | +18.3% | |
| Q3 2024 | +1.8% | +0.2% | -3.1% | |
| Q2 2024 | +2.5% | +6.6% | +13.2% | |
| Q1 2024 | -7.0% | -7.5% | -3.7% | |
| Q4 2023 | -22.0% | -20.6% | -29.0% | |
| Q3 2023 | +9.9% | +8.7% | +31.3% | |
| Q2 2023 | +3.8% | +8.6% | +9.0% | |
| Q1 2023 | -10.2% | -5.6% | -19.4% | |
| Q4 2022 | +15.9% | +15.0% | +13.6% | |
| Q3 2022 | +0.5% | -1.3% | +12.5% | |
| Q2 2022 | +8.6% | +24.3% | +32.0% | |
| Q1 2022 | -3.4% | -5.5% | -15.3% | |
| Q4 2021 | -0.2% | +3.2% | +30.7% | |
| Q3 2021 | -3.9% | -4.7% | +26.6% | |
| Q2 2021 | +2.9% | +0.0% | +25.0% | |
| Q1 2021 | -1.8% | +8.2% | +35.6% | |
| Q4 2020 | -0.4% | -5.3% | -17.0% | |
| Q3 2020 | -12.6% | -8.7% | -3.5% | |
| Q2 2020 | -2.4% | -6.7% | -9.1% | |
| Q1 2020 | +0.2% | -0.2% | -8.4% | |
| Q4 2019 | +2.4% | -5.1% | -12.7% | |
| Q3 2019 | +1.4% | -1.0% | -9.9% | |
| Q2 2019 | -1.7% | +0.8% | -5.8% | |
| Q1 2019 | +1.4% | -4.1% | -16.6% | |
| Q4 2018 | -0.5% | +3.6% | +12.8% | |
| Q3 2018 | -0.5% | -3.3% | +6.0% | |
| Q2 2018 | +7.4% | +11.5% | +10.1% | |
| Q1 2018 | +5.0% | +4.3% | -2.9% | |
| Q4 2017 | +0.0% | -1.4% | +2.2% | |
| Q3 2017 | +1.4% | +9.7% | +2.8% | |
| Q2 2017 | -6.8% | -1.9% | +0.6% | |
| Q1 2017 | +6.2% | +15.9% | +29.0% | |
| Q4 2016 | +6.4% | +3.6% | +27.8% | |
| Q3 2016 | -2.3% | — | — | |
| Q2 2016 | +6.5% | — | — | |
| Q1 2016 | -3.6% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | -4.3% | — | — | |
| Q2 2015 | -9.5% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | -5.1% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q2 2012 | -3.2% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q1 2011 | -4.7% | — | — | |
| Q4 2011 | -4.7% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q3 2010 | -3.9% | — | — |
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