Evolution Petroleum Corp (AMEX:EPM.PRA.PFD)
$ 25.06 (0%) Market Cap: - Enterprise Value: -25.54 Mil PE Ratio: 0 PB Ratio: 2.28 GF Score: 77/100

Q1 2025 Evolution Petroleum Corp Earnings Call Transcript

Nov 13, 2024 / 04:00 PM GMT

Key Points

Positve
  • Evolution Petroleum Corp (EPM) reported a 16% year-over-year increase in total production, reaching 7,478 net barrels of oil equivalent per day.
  • The company achieved a 6% increase in revenue for the quarter, supported by record oil production at the Scoop Stack.
  • Net income for the first quarter increased by 40% to $2.1 million compared to the prior year period.
  • Adjusted EBITDA increased by 21% to $8.1 million, primarily due to increased revenue and reduced operating costs.
  • Evolution Petroleum Corp (EPM) announced its 45th consecutive dividend payment, highlighting its commitment to returning value to shareholders.
Negative
  • The company faced challenges due to volatile natural gas prices, impacting overall revenue.
  • Production at Delhi was affected by the replacement of a CO2 recycle compressor and a CO2 purchase pipeline shutdown for preventive maintenance.
  • The Barnett field experienced production declines in previous quarters, although it showed improvement this quarter.
  • The company has $39.5 million in borrowings outstanding under its revolving credit facility, used to fund acquisitions.
  • Despite strong performance, the company remains cautious about future commodity price fluctuations and their potential impact on financial results.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EPM.A - Evolution Petroleum Corp
Q1 2025 Evolution Petroleum Corp Earnings Call
Nov 13, 2024 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Evolution Petroleum Fiscal first quarter, 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance? Please signal a conference specialist by pressing star. Then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions to ask a question. You may press star then one on your telephone keypad.

Do a drop in the queue. You may press star. Then two as a reminder, this conference is being recorded.

I would now like to hand the call to Brandy Hudson, the company's investor relations manager, ma'am. Please go ahead.

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