Evolution Petroleum Reports First Quarter Fiscal 2025 Results and Declares Quarterly Cash Dividend for the Fiscal 2025 Second Quarter
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Evolution Petroleum Corporation reported a 6% year-over-year increase in fiscal Q1 revenues to $21.9 million, driven by record oil production. Net income rose to $2.1 million, and adjusted EBITDA increased by 21% to $8.1 million. The company declared a quarterly cash dividend of $0.12 per share for the fiscal 2025 second quarter.
November 12, 2024 | 9:30 pm
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Evolution Petroleum reported a 6% increase in fiscal Q1 revenues to $21.9 million, with net income rising to $2.1 million and adjusted EBITDA up 21% to $8.1 million. The company declared a $0.12 per share dividend for fiscal Q2.
The increase in revenues and adjusted EBITDA indicates strong operational performance, which is positive for the stock price. The consistent dividend declaration further supports investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100