EVOLUTION PETROLEUM CORP

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 11, 2026

EPM$3.57+0.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Condensed Consolidated Financial Statements (Unaudited)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands, except share and per share amounts)


· · December 31, 2025 · · June 30, 2025
Assets · · · ·
Current assets · · · ·
Cash and cash equivalents	$3,762	$2,507
Receivables from crude oil, natural gas, and natural gas liquids revenues	9,345	10,804
Derivative contract assets	3,196	1,777
Prepaid expenses and other current assets	859	2,287
Total current assets	17,162	17,375
Property and equipment, net of depletion, depreciation, and impairment
Oil and natural gas properties—full-cost method of accounting:
Oil and natural gas properties, subject to amortization, net	146,476	142,248
Oil and natural gas properties, not subject to amortization	4,645	—
Total property and equipment, net	151,121	142,248

Other noncurrent assets
Derivative contract assets	135	198
Other assets	847	431
Total assets	$169,265	$160,252
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$11,041	$12,901
Accrued liabilities and other	5,308	6,909
Derivative contract liabilities	1,505	1,577
State and federal taxes payable	1,272	—
Total current liabilities	19,126	21,387
Long term liabilities
Senior secured credit facility	54,500	37,500
Deferred income taxes	4,935	6,234
Asset retirement obligations	22,309	21,535
Derivative contract liabilities	465	1,783
Operating lease liability	386	—
Total liabilities	101,721	88,439
Commitments and contingencies (Note 10)
Stockholders' equity
Common stock; par value $0.001; 100,000,000 shares authorized: issued and
outstanding 35,003,844 and 34,337,188 shares as of December 31, 2025
and June 30, 2025, respectively	35	34
Additional paid-in capital	48,843	46,650
Retained earnings	18,666	25,129
Total stockholders' equity	67,544	71,813
Total liabilities and stockholders' equity	$169,265	$160,252

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(In thousands, except per share amounts)


· Three Months Ended · · Six Months Ended
· · December 31, · · December 31,
· 2025 · · 2024 · · 2025 · · 2024
Revenues
Crude oil	$10,696	$11,763	$23,568	$26,500
Natural gas	7,441	5,793	13,341	10,078
Natural gas liquids	2,542	2,719	5,058	5,593
Total revenues	20,679	20,275	41,967	42,171
Operating costs
Lease operating costs	11,510	12,793	24,597	24,583
Depletion, depreciation, and accretion	5,919	5,433	11,880	11,158
General and administrative expenses	2,592	2,654	4,917	5,181
Total operating costs	20,021	20,880	41,394	40,922
Income (loss) from operations	658	(605)	573	1,249
Other income (expense)
Net gain (loss) on derivative contracts	2,235	(1,219)	4,416	579
Interest and other income	12	52	22	109
Interest expense	(1,003)	(764)	(1,920)	(1,587)
Income (loss) before income taxes	1,902	(2,536)	3,091	350
Income tax (expense) benefit	(837)	711	(1,202)	(110)
Net income (loss)	$1,065	$(1,825)	$1,889	$240
Net income (loss) per common share:
Basic	$0.03	$(0.06)	$0.05	$—
Diluted	$0.03	$(0.06)	$0.05	$—
Weighted average number of common shares outstanding:
Basic	33,904	32,934	33,815	32,828
Diluted	34,025	32,934	34,001	32,994

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.