Evolution Petroleum Q4 revenue beats estimates on higher realized equivalent prices

Evolution Petroleum

15/09/2026 21:49

Overview
U.S. oil and gas producer's fiscal Q4 revenue rose 15% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q4 more than doubled sequentially but missed analyst estimates
Subsequent to quarter-end, company completed $16 mln Permian Basin mineral and royalty acquisition

Outlook
Company expects fiscal 2027 to benefit from new production across multiple assets
Company says ongoing operator activity in key basins to provide continued development visibility

Result Drivers
HIGHER PRICES - The increase in revenue yr/yr was driven primarily by a 20% increase in average realized equivalent prices, partially offset by a 4% decrease in average daily production 
PRODUCTION INCREASES - Q4 production rose 3% quarter-over-quarter, with new wells and acquisitions contributing to output
DERIVATIVE LOSSES - Adjusted EBITDA was lower than prior-year quarter due to realized losses on derivative contracts

Company press release: ID:nGNX2klFWB

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$24.21 mln
$23.14 mln (5 Analysts)
Q4 EPS
 
$0.13
 
Q4 Adjusted Net Loss
 
$587,000
 
Q4 Net Income
 
$4.61 mln
 
Q4 Adjusted EBITDA
Miss
$6.52 mln
$7.54 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 $4.75, about 28% above its September 14 closing price of $3.71
The stock recently traded at 158 times the next 12-month earnings vs. a P/E of 162 three months ago

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(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.)