Evolution Petroleum Q2 Production Up 6%, Adjusted EBITDA Climbs 41% and Declares $0.12 Dividend
Evolution Petroleum’s fiscal Q2 production rose 6% to 7,380 BOEPD, yielding net income of $1.065 million compared with a $1.8 million loss a year earlier. Adjusted EBITDA jumped 41% to $8.0 million and the company declared a $0.12 per-share dividend for Q3, its 50th consecutive quarterly payout.
1. Fiscal Q2 Financial Performance
For the quarter ended December 31, 2025, revenues reached $20.7 million, with net income of $1.065 million compared to a $1.8 million loss in the prior-year period. Adjusted EBITDA rose 41% year-over-year to $8.0 million, boosting the margin to 39% from 28%.
2. Dividend Declaration
The board declared a $0.12 per-share cash dividend payable March 31, 2026, marking the 15th consecutive quarter at this rate and the company’s 50th straight quarterly dividend. The company returned approximately $4.2 million to shareholders during the quarter.
3. Production and Operational Efficiency
Average production increased 6% to 7,380 BOEPD, driven by an 8% rise in oil, 6% in natural gas and 7% in NGLs. Field efficiency gains, including conversion to rod pumps in the Chaveroo field and cost controls, led to lower operating expenses per BOE and production stability.
4. Haynesville-Bossier Acquisitions
In late December and January, four mineral and royalty deals in the Haynesville-Bossier Shale closed for $4.5 million, adding 321 net royalty acres, 13 producing wells, 24 drilled uncompleted wells, 10 PUDs and 2.1 BCF of proved reserves. These assets are expected to pay back in under three years and enhance long-term cash flow and diversification.