EVOLUTION PETROLEUM CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
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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Item 1. Condensed Consolidated Financial Statements (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(In thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · March 31, 2024 · June 30, 2023 | ||||||
| Assets · · · · | ||||||
| Current assets · · · · | ||||||
| Cash and cash equivalents | | $3,067 | | $11,034 | ||
| Receivables from crude oil, natural gas, and natural gas liquids revenues | | | 13,368 | | | 7,884 |
| Derivative contract assets | | | 347 | | | — |
| Prepaid expenses and other current assets | | | 6,275 | | | 2,277 |
| Total current assets | | | 23,057 | | | 21,195 |
| Property and equipment, net of depletion, depreciation, and impairment | | | | | | |
| Oil and natural gas properties, net—full-cost method of accounting, of which none were excluded from amortization | | | 142,157 | | | 105,781 |
| | | | | | | |
| Other assets | | | 1,318 | | | 1,341 |
| Total assets | | $166,532 | | $128,317 | ||
| Liabilities and Stockholders' Equity | | | | | | |
| Current liabilities | | | | | | |
| Accounts payable | | $8,096 | | $5,891 | ||
| Accrued liabilities and other | | | 5,985 | | | 6,027 |
| Derivative contract liabilities | | | 1,410 | | | — |
| State and federal taxes payable | | | — | | | 365 |
| Total current liabilities | | | 15,491 | | | 12,283 |
| Long term liabilities | | | | | | |
| Senior secured credit facility | | | 42,500 | | | — |
| Deferred income taxes | | | 6,927 | | | 6,803 |
| Asset retirement obligations | | | 18,079 | | | 17,012 |
| Operating lease liability | | | 79 | | | 125 |
| Total liabilities | | | 83,076 | | | 36,223 |
| Commitments and contingencies (Note 10) | | | | | | |
| Stockholders' equity | | | | | | |
| Common stock; par value $0.001; 100,000,000 shares authorized: issued and | | | | | | |
| outstanding 33,359,854 and 33,247,523 shares as of March 31, 2024 | | | | | | |
| and June 30, 2023, respectively | | | 33 | | | 33 |
| Additional paid-in capital | | | 40,652 | | | 40,098 |
| Retained earnings | | | 42,771 | | | 51,963 |
| Total stockholders' equity | | | 83,456 | | | 92,094 |
| Total liabilities and stockholders' equity | | $166,532 | | $128,317 | ||
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