The following is a summary of the Evolution Petroleum Corporation (EPM) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Evolution Petroleum Corporation reported fiscal first quarter 2025 revenues of $21.9 million, up 6% year-over-year.

• Net income for the quarter significantly increased by 40% to $2.1 million.

• Adjusted EBITDA saw an appreciable rise of 21% reaching $8.1 million, attributable to increased revenue and reduced operating costs.

Business Progress:

• The company saw a 16% increase in total production, achieving 7,478 net barrels of oil equivalent per day, primarily driven by the positive contributions from SCOOP/STACK acquisitions and well completions both there and at Chaveroo.

• Following the resumption of CO2 injections, a positive impact on oil production at Delhi is anticipated, thus enhancing revenue, offset by the CO2 purchase cost.

• Evolution Petroleum is in solid standing with its dividend program; the 45th consecutive dividend payment is slated for 12/31.

Opportunities:

• The company anticipates robust liquid production in fiscal year 2025, which is expected to enhance cash flow and strengthen the balance sheet, building upon a multiyear track record of strategic investments benefitting shareholders.

Risks:

• The company is subject to volatile natural gas prices which affect overall revenue despite diversification. However, they remain resilient, adapting through hedging strategies to mitigate these financial impacts.

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