Evolution Petroleum Corporation (EPM) financial statements
Evolution Petroleum Corporation reported revenue of $86M in fiscal 2026, up 10.7% a year over 9 years.
Net income was -$2M and the operating margin 4.0%, against 37.4% in 2017.
Free cash flow was $16M, and the company returned $17M in dividends and $225,000 in net buybacks.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Evolution Petroleum Corporation's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34M | $41M | $43M | $30M | $33M | $109M | $129M | $86M | $86M | $86M |
| Cost of revenue | — | — | — | — | $17M | $49M | $60M | $48M | $49M | $50M |
| Gross profit | — | — | — | — | $16M | $60M | $69M | $38M | $37M | $36M |
| Selling, general and admin | $5M | $7M | $5M | $5M | $7M | $7M | $10M | $10M | $10M | $10M |
| Operating income | $13M | $16M | $18M | $4M | -$21M | $45M | $45M | $8M | $4M | $3M |
| Interest expense | $81,758 | $110,780 | $116,546 | $110,775 | $103,000 | $572,000 | $458,000 | $1M | $3M | $4M |
| Pre-tax income | $13M | $16M | $19M | $4M | -$21M | $41M | $45M | $5M | $2M | -$3M |
| Income tax | $5M | -$3M | $3M | -$2M | -$5M | $9M | $10M | $1M | $396,000 | -$718,000 |
| Net income | $8M | $20M | $15M | $6M | -$16M | $33M | $35M | $4M | $1M | -$2M |
| EPS (diluted) | $0.21 | $0.59 | $0.46 | $0.18 | -$0.50 | $0.96 | $1.04 | $0.12 | $0.03 | -$0.08 |
| Diluted shares | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 34M |
| Gross margin | — | — | — | — | 49.3% | 55.3% | 53.7% | 43.8% | 42.5% | 41.7% |
| Operating margin | 37.4% | 39.8% | 40.8% | 12.5% | -63.4% | 41.7% | 35.1% | 9.2% | 4.9% | 4.0% |
| Net margin | 23.3% | 48.1% | 35.6% | 20.1% | -50.3% | 30.0% | 27.4% | 4.8% | 1.7% | -2.8% |
Balance sheet
Fiscal years, from Evolution Petroleum Corporation's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $23M | $25M | $32M | $20M | $5M | $8M | $11M | $6M | $3M | $6M |
| Receivables | $3M | $4M | $3M | $2M | $9M | $24M | $8M | $11M | $11M | $10M |
| Total current assets | $26M | $32M | $35M | $25M | $18M | $36M | $21M | $22M | $17M | $21M |
| Property, plant and equipment | $62M | $61M | $60M | $67M | $59M | $111M | — | — | — | — |
| Total assets | $88M | $94M | $96M | $92M | $77M | $148M | $128M | $163M | $160M | $169M |
| Total current liabilities | $3M | $4M | $3M | $4M | $7M | $30M | $12M | $16M | $21M | $22M |
| Total liabilities | $20M | $16M | $16M | $18M | $22M | $73M | $36M | $82M | $88M | $108M |
| Shareholders' equity | $68M | $77M | $80M | $74M | $55M | $76M | $92M | $81M | $72M | $60M |
| Net debt | -$23M | -$25M | -$32M | -$20M | -$5M | -$8M | -$11M | -$6M | -$3M | -$6M |
Cash flow
Fiscal years, from Evolution Petroleum Corporation's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16M | $21M | $24M | $12M | $5M | $52M | $51M | $23M | $33M | $24M |
| Capital spending | — | — | — | — | $472,000 | $2M | $7M | $11M | $13M | $7M |
| Free cash flow | — | — | — | — | $4M | $51M | $44M | $12M | $20M | $16M |
| Stock-based compensation | $1M | $1M | $888,162 | $1M | $1M | $125,000 | $2M | $2M | $2M | $2M |
| Dividends paid | $8M | $12M | $13M | $11M | $4M | $12M | $16M | $16M | $16M | $17M |
| Share buybacks (net) | -$459,858 | -$571,083 | -$156,791 | -$2M | -$7,000 | -$38,000 | -$4M | -$1M | -$442,000 | -$225,000 |
| Free cash flow margin | — | — | — | — | 13.0% | 46.8% | 34.5% | 13.8% | 23.8% | 18.8% |
| Dividends per share | $0.25 | $0.35 | $0.40 | $0.33 | $0.13 | $0.35 | $0.49 | $0.49 | $0.49 | $0.49 |
Questions
What was Evolution Petroleum Corporation's revenue in 2026?
$86M in fiscal 2026, from its 10-K filing.
How much free cash flow does Evolution Petroleum Corporation generate?
$16M in fiscal 2026 (operating cash flow minus capital spending).
From Evolution Petroleum Corporation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.