Evolution Petroleum | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 21.29 M

Revenue: As of FY2026 Q1, the actual value is USD 21.29 M, missing the estimate of USD 21.73 M.

EPS: As of FY2026 Q1, the actual value is USD 0.02, beating the estimate of USD 0.

EBIT: As of FY2026 Q1, the actual value is USD 822 K.

Crude Oil Revenue: $12,872 thousand for the three months ended September 30, 2025, compared to $14,737 thousand for the same period in 2024, a decrease of 12.7%.
Natural Gas Revenue: $5,900 thousand for the three months ended September 30, 2025, compared to $4,285 thousand for the same period in 2024, an increase of 37.7%.
Natural Gas Liquids Revenue: $2,516 thousand for the three months ended September 30, 2025, compared to $2,874 thousand for the same period in 2024, a decrease of 12.5%.

Net Income: $824 thousand for the three months ended September 30, 2025, compared to $2,065 thousand for the same period in 2024, a decrease of 60.1%.
Lease Operating Costs: $13,087 thousand for the three months ended September 30, 2025, compared to $11,790 thousand for the same period in 2024, an increase of 11%.
Depletion, Depreciation, and Accretion: $5,961 thousand for the three months ended September 30, 2025, compared to $5,725 thousand for the same period in 2024, an increase of 4.1%.
General and Administrative Expenses: $2,325 thousand for the three months ended September 30, 2025, compared to $2,527 thousand for the same period in 2024, a decrease of 8%.

Net Cash Provided by Operating Activities: $7,805 thousand for the three months ended September 30, 2025, compared to $7,614 thousand for the same period in 2024.
Net Cash Used in Investing Activities: - $20,686 thousand for the three months ended September 30, 2025, compared to - $3,002 thousand for the same period in 2024.
Net Cash Provided by Financing Activities: $11,088 thousand for the three months ended September 30, 2025, compared to - $4,121 thousand for the same period in 2024.

Minerals Acquisition: Completed acquisition of mineral and royalty interests in the SCOOP and STACK plays in Oklahoma valued at approximately $16.9 million.
TexMex Acquisition: Closed acquisition of non-operated working interests in certain oil and natural gas wells valued at approximately $9.0 million.

Core Business Focus: The company plans to continue capital workover projects and drilling activities in most fields throughout the remainder of the year, with expected capital expenditures for fiscal year 2026 in the range of $4.0 million to $6.0 million, excluding potential acquisitions.
Non-Core Business: The company is pursuing new growth opportunities through acquisitions and other transactions, with access to undrawn portions of the borrowing base available under its Senior Secured Credit Facility totaling $11.2 million as of September 30, 2025.

Dividend Strategy: The company declared a quarterly cash dividend of $0.12 per share of common stock payable on December 31, 2025.