Overview
Just as petroleum and natural gas evolves from old living forms, Evolution Petroleum has evolved by producing these ancient hydrocarbons. The company operates oil and gas producing fields in Louisiana. One method it uses is gas flooding, which uses carbon dioxide to free up trapped oil deposits. Assets include a CO2 enhanced oil recovery -project in Louisiana's Delhi Field to extend the life and ultimate recoveries of wells with oil or associated
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Read More water production. It reported more than 10 million barrels of oil equivalent proved reserves in fiscal 2019. The company was formed in 2003.
Read Less
Read More water production. It reported more than 10 million barrels of oil equivalent proved reserves in fiscal 2019. The company was formed in 2003.
Read Less
Kelly W Loyd
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Oil and Gas Extraction
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum and natural gas
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Oil and gas exploration services
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Modelled
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Actual
$85.88 million
Actual
-33.18%
-88.41%
$162
JUN
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NYSE MKT:EPM
Contacts
Get in Touch with 5 Principals* and 17 Contacts
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Kelly W LoydPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of June 30, 2024 (12 month period) in USD
Annual Revenue 2024
$85.88 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $23 | $51 | $52 |
| Net Investing Cash | -$50 | -$7 | -$55 |
| Net Financing Cash | $22 | -$42 | $5 |
| Net Change in Cash | -$5 | $3 | $3 |
| Cash at Beginning of Period | $11 | $8 | $5 |
| Cash at End of Period | $6 | $11 | $8 |
| Capital Expenditure | -$50 | -$7 | -$55 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6 | $11 | $8 |
| Accounts Receivable | $11 | $8 | $24 |
| Inventories | $ | $ | $ |
| Other Current Assets | $4 | $2 | $4 |
| Asset Summary | |||
| Total Current Assets | $22 | $21 | $36 |
| Tangible Fixed Assets | $140 | $106 | $111 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $163 | $128 | $148 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $8 | $6 | $15 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $8 | $6 | $15 |
| Liability Summary | |||
| Total Current Liabilities | $16 | $12 | $30 |
| Long-Term Debt | $40 | $ | $21 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $82 | $36 | $73 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $40 | $52 | $33 |
| Equity Summary | |||
| Total Equity | $81 | $92 | $76 |
| Shares Outstanding | 33,339,535 | 33,247,523 | 33,470,710 |