Evolution Petroleum Q1 FY27 Swings to $2.99 Million Net Loss Year Over Year
Bitget2026/11/10 21:48- Evolution Petroleum swung to a fiscal first-quarter FY27 net loss of $2.99 million from net income of $824,000 a year earlier.
- Oil, natural gas, and NGL revenues rose 6% year-over-year to $22.55 million, driven by higher realized oil and NGL prices.
- Average production fell 5% year-over-year to 6,978 barrels of oil equivalent per day, partly due to unplanned downtime at Delhi and TexMex.
- Following quarter-end, a Williston Basin farmout covering 636 net acres generated approximately $2.5 million.
- A quarterly cash dividend of $0.12 per common share will be payable December 31, 2026.
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