Evolution Petroleum reported a fourth-quarter rebound in revenue and adjusted EBITDA as production rose 3% sequentially to 6,901 barrels of oil equivalent per day and total revenue climbed 20% to $24.2 million. Adjusted EBITDA more than doubled to $6.5 million from $3.1 million in the prior quarter, while net income came in at $4.6 million, or $0.13 per diluted share, reversing a net loss of $8.9 million in the fiscal third quarter. The company completed an approximately $16 million acquisition of mineral and royalty interests in the Permian Midland Basin, adding about 3,420 net royalty acres and more than 200 BOE per day of current production across five Texas counties. Post-acquisition liquidity stood at approximately $19 million as of Aug. 20, and the borrowing base was temporarily increased to $73 million from $65 million through Oct. 20. The board declared its 52nd consecutive quarterly dividend of $0.12 per share and budgeted fiscal 2027 capital spending of $4 million to $6 million, excluding potential Chaveroo development.
Evolution Petroleum Corporation IncQ4 revenue rose 20% to $24.2M, adjusted EBITDA more than doubled to $6.5M, and net income of $4.6M reversed a prior-quarter loss.
