Q2 2025 Evolution Petroleum Corp Earnings Call Transcript
Key Points
- Evolution Petroleum Corp (EPM) reported a 10% year-over-year increase in total production, reaching 6,935 BOE per day.
- The company has maintained its quarterly dividend payout at $0.12 per share for 11 consecutive quarters, marking its 46th consecutive dividend payment.
- EPM is actively evaluating multiple acquisition opportunities that could enhance long-term growth and improve cash flow generation.
- The company has a strong financial position with $11.7 million in cash on hand and total liquidity of $22.2 million.
- EPM's diversified portfolio has shown resilience, allowing the company to sustain strong production growth despite market volatility.
- Total revenues for fiscal Q2 were down 4% year-over-year, primarily due to a 12% decline in realized commodity prices.
- Temporary downtime in the Williston and Chaveroo fields resulted in approximately 90 BOE per day of deferred production for the quarter.
- A compressor failure in the Williston Basin caused a 30-day downtime, impacting natural gas and NGL sales.
- The company faces challenges with delayed payments from operators in the SCOOP/STACK region, affecting revenue realization.
- Despite a strong acquisition pipeline, the company acknowledges the difficulty in aligning buyer and seller expectations in the current commodity cycle.
Good morning, everyone, and welcome to the Evolution Petroleum fiscal second quarter 2025 earnings conference call. (Operator Instructions) Please also note today's event is being recorded.
At this time, I'd like to turn the call over to Brandy Hudson, the company's Investor Relations Manager. Ma'am, please go ahead.
Thank you. Welcome to Evolution Petroleum's fiscal second quarter 2025 earnings call. I'm joined today by Kelly Loyd, President and Chief Executive Officer; Mark Bunch, Chief Operating Officer; and Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer.
We released our fiscal second quarter 2025 financial results after the market closed yesterday. Please refer to our earnings press release for additional information containing these results. You can access our earnings release in the Investors section of our website.
Please note that any statements and information provided in today's call speak only as of today's date, February 12,
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