Evolution Petroleum (Evolution Petroleum) Long-Term Capital Lease Obligation : $0.10 Mil (As of Dec. 2023)

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What is Evolution Petroleum Long-Term Capital Lease Obligation?

Evolution Petroleum's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.10 Mil.

Evolution Petroleum's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.13 Mil) to Sep. 2023 ($0.11 Mil) and declined from Sep. 2023 ($0.11 Mil) to Dec. 2023 ($0.10 Mil).

Evolution Petroleum's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.02 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.13 Mil).

Evolution Petroleum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evolution Petroleum's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Evolution Petroleum Long-Term Capital Lease Obligation Chart

Evolution Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.09

0.02

0.13

Evolution Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.15	0.14	0.13	0.11	0.10

Evolution Petroleum (AMEX:EPM) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Evolution Petroleum Long-Term Capital Lease Obligation Related Terms

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Evolution Petroleum (Evolution Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolution Petroleum Corp (AMEX:EPM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EP7:Germany

Address

1155 Dairy Ashford Road, Suite 425, Houston, TX, USA, 77079

Website

https://www.evolutionpetroleum.com

Evolution Petroleum Corp is an independent oil and gas company operating in the US. It is engaged primarily in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's revenues are primarily generated from its crude oil, natural gas and NGL production from the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field in Wyoming; and the Delhi Field in Northeast Louisiana. The revenue generated by the company includes royalty, mineral and working interests.

Executives

John Mark Bunch	officer: COO	1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079
Kelly Beatty	officer: Principal Accounting Officer	1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079
Myra C Bierria	director	1155 DAIRY ASHFORD, SUITE 425, HOUSTON TX 77079
Ryan Stash	officer: SVP & CFO	1155 DAIRY ASHFORD ROAD, SUITE 425, HOUSTON TX 77079
Roderick A. Schultz	officer: Chief Accounting Officer	4621 PINERIDGE STREET, HOUSTON TX 77009
Marjorie Anne Hargrave	director	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Jason E. Brown	officer: President & CEO	1000 LOUISIANA, SUITE 6700, HOUSTON TX 77002
Marran H. Ogilvie	director	599 LEXINGTON AVENUE, NEW YORK NY 10022
David Joe	officer: VP, Chief Admin. Officer	2500 CITYWEST BLVD., SUITE 1300, HOUSTON TX 77042
Jvl Advisors, L.l.c.	10 percent owner	10,000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024
Randall D Keys	officer: President, CFO & Treasurer	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Peninsula Capital Management Inc	director	235 PINE STREET, SUITE 1600, SAN FRANCISCO CA 94104
Kelly William Loyd	director	10000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024
William Dozier	director	3000 SAGE #1312, HOUSTON TX 77056
Gene G Stoever	director	5415 GRAYSTONE LANE, HOUSTON TX 77069