Evolution Petroleum Q4 revenue beats estimates on higher realized equivalent prices
EPM•Outlook and analyst view
Evolution Petroleum expects fiscal 2027 to benefit from new production across multiple assets.
The company said ongoing operator activity in key basins should provide continued development visibility.
The current average analyst rating on the shares is "buy," with 3 "strong buy" or "buy" ratings, 1 "hold" rating and no "sell" or "strong sell" ratings. The median 12-month price target is $4.75, about 28% above the September 14 closing price of $3.71.
Earnings and EBITDA details
Adjusted EBITDA for fiscal Q4 more than doubled sequentially but missed analyst estimates.
The company said adjusted EBITDA was lower than the prior-year quarter due to realized losses on derivative contracts.
| 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) |
Production and acquisition update
Q4 production rose 3% quarter over quarter, with new wells and acquisitions contributing to output.
Subsequent to quarter-end, the company completed a $16 million Permian Basin mineral and royalty acquisition.
