Evolution Petroleum Q3 revenue falls 11%, misses estimates

Evolution Petroleum

12/05/2026 22:05

Overview

U.S. oil and gas producer's fiscal Q3 revenue fell 11% yr/yr, missing analyst expectations

Fiscal Q3 adjusted EBITDA missed analyst expectations, impacted by unfavorable natural gas field differentials

Company maintained quarterly dividend and expects new Louisiana wells to drive Q4 revenue growth

Outlook

Company expects 23 new Louisiana wells to drive revenue and cash flow from fiscal Q4 2026

Evolution sees TexMex optimization adding 100 net BOEPD by end of fiscal Q4

Company expects improved performance as temporary issues resolve and new assets contribute

Result Drivers

LOWER REALIZED PRICES - Co said an 11% drop in average realized prices was the main reason for lower revenue in Q3

WEATHER-RELATED DOWNTIME - Production was reduced by over 300 BOEPD due to ice storms, power outages, and equipment failures in January

UNFAVORABLE GAS DIFFERENTIALS AND HEDGE LOSSES - Unfavorable natural gas field differentials and $2.2 mln in realized hedge losses weighed on results

Company press release: ID:nGNX8pWFkK

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$20.17 mln
$20.58 mln (5 Analysts)
Q3 EPS
-$0.26
Q3 Adjusted Net Income
-$2.94 mln
Q3 Net Income
-$8.93 mln
Q3 Adjusted EBITDA
Miss
$3.11 mln
$7.43 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Evolution Petroleum Corp is $5.00, about 4.4% above its May 12 closing price of $4.79

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)