Evolution Petroleum 5/7/2024 Earnings Report

Evolution Petroleum EPS Results

• Actual EPS: $0.03
• Consensus EPS: $0.03
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Evolution Petroleum Revenue Results

• Actual Revenue: $23.03 million
• Expected Revenue: $22.62 million
• Beat/Miss: Beat by +$410.00 thousand
• YoY Revenue Growth: N/A

Evolution Petroleum Announcement Details

• Date: 5/7/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Evolution Petroleum (NYSE:EPM) Enterprises, Inc. (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO₂) enhanced oil recovery (EOR) operations. Evolution Petroleum holds working interests in multiple residual oil zone projects across key U.S. basins—most notably in Texas’s Permian Basin and other onshore regions. By injecting CO₂ into reservoir formations, the firm increases oil displacement efficiency, extending the productive life of aging fields and improving overall recovery factors beyond what conventional primary and secondary methods can achieve.

Evolution Petroleum was formed to capitalize on advanced EOR methodologies and has grown its asset base through targeted acquisitions and joint-venture partnerships. Its leadership team comprises professionals with deep technical and engineering backgrounds in reservoir management and well optimization. Headquartered in Texas, the company maintains close operational oversight of its projects and collaborates with local and regional service providers to execute drilling, completion and CO₂ injection programs.