Evolution Petroleum Corporation, Inc. (EPM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1155 DAIRY ASHFORD ROAD
HOUSTON, TX 77079
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,0343,7108,2805,27719,66331,553
Cash and cash equivalents11,0343,7108,2805,27719,66331,553
Receivables7,88418,21324,0808,6871,9193,168
Prepaid expense1,8441,5041,190463376450
Derivative instruments and hedges, assets  244170   
Other undisclosed current assets4334042,6483,6823,3598
Total current assets:21,19524,07536,36818,10825,31735,179
Noncurrent Assets
Property, plant and equipment   110,50858,52666,53060,373
Oil and gas property, full cost method105,781106,227    
Other noncurrent assets1,3411,3581,17171292210
Total noncurrent assets:107,122107,585111,67958,59766,82260,583
TOTAL ASSETS:128,317131,660148,04776,70692,13895,762
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,91821,12528,1216,5942,3682,215
Taxes payable1,1511,09538179131
Accounts payable5,89110,09115,1335,6091,4722,084
Accrued liabilities6,0279,88311,893947717 
Derivative instruments and hedges, liabilities  492,164 1,911 
Other liabilities      538
Other undisclosed current liabilities365     
Total current liabilities:12,28321,17430,2856,5944,2792,753
Noncurrent Liabilities
Long-term debt and lease obligation   21,2504,02185 
Long-term debt, excluding current maturities   21,2504,000  
Liabilities, other than long-term debt23,94021,34820,99811,49613,6501,561
Asset retirement obligations17,01214,45513,8995,5392,5891,561
Deferred income tax liabilities6,8036,7447,0995,95711,061
Operating lease, liability125149 2185
Other undisclosed noncurrent liabilities      11,323
Total noncurrent liabilities:23,94021,34842,24815,51713,73512,883
Total liabilities:36,22342,52272,53322,11118,01415,636
Equity
Equity, attributable to parent92,09489,13875,51454,59574,12480,126
Common stock333433343333
Additional paid in capital40,09843,24342,62942,54141,29142,489
Retained earnings51,96345,86132,85212,02032,80037,604
Total equity:92,09489,13875,51454,59574,12480,126
TOTAL LIABILITIES AND EQUITY:128,317131,660148,04776,70692,13895,762

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues128,514141,182108,92632,70229,59943,230
Cost of revenue
(Cost of Goods and Services Sold)
(59,545)(34,157)(48,657)   
Other undisclosed gross profit  (48,657)    
Gross profit:68,96958,36860,26932,70229,59943,230
Operating expenses(83,401)(84,000)(63,545)(54,061)(25,910)(25,593)
Other undisclosed operating income59,54582,81448,657   
Operating income (loss):45,11357,18145,381(21,359)3,68917,637
Nonoperating income (expense)
(Investment Income, Nonoperating)
513(3,520)(3,763)   
Interest and debt expense(458)(842)(572)(103)(111)(117)
Income (loss) from continuing operations before equity method investments, income taxes:45,16852,81941,046(21,462)3,57917,520
Other undisclosed income from continuing operations before income taxes1219895391771,339
Income (loss) from continuing operations before income taxes:45,28952,91741,141(21,422)3,75618,859
Income tax expense (benefit)(10,072)(11,246)(8,513)4,9842,181(3,482)
Income (loss) from continuing operations:35,21741,67132,628(16,438)5,93715,377
Income (loss) before gain (loss) on sale of properties:31,28432,628(16,438)5,93715,377
Net income (loss) attributable to parent:35,21741,67132,628(16,438)5,93715,377
Other undisclosed net income available to common stockholders, basic  246    
Net income (loss) available to common stockholders, diluted:35,21741,91832,628(16,438)5,93715,377

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):35,21741,67132,628(16,438)5,93715,377
Comprehensive income (loss), net of tax, attributable to parent:35,21741,67132,628(16,438)5,93715,377

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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