Evolution Petroleum Corporation (EPM) AI Stock Analysis

Evolution Petroleum Corporation specializes in the development, production, ownership, and exploitation of onshore oil and gas properties across the United States. Its primary operation is a CO2 enhanced oil recovery project spanning 13,636 acres in Louisiana's Delhi field. The company also holds working interests across several other regions, including 5,908 acres in Wyoming's Hamilton Dome field, 123,777 acres in North Texas's Barnett Shale, 148,480 acres in North Dakota's Williston Basin, and 5,280 acres in Wyoming's Jonah Field. Additionally, Evolution Petroleum holds small overriding royalty interests in four wells located in central Texas.

Evolution Petroleum generated $86.3M in revenue in FY2026, an increase of 0.6% compared to $85.8M in FY2025 and down from $128.5M in FY2023. Operating margin compressed from 41.7% in FY2022 to 4.0% in FY2026. The company recorded a net loss of -$2.4M in FY2026, resulting in a net margin of -2.8% and diluted EPS of -$0.23, down from net income of $1.5M in FY2025. Over the five years from FY2021 to FY2026, revenue increased at a CAGR of 21.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 14.7% year-over-year, and quarterly earnings grew 31.0%.

As of June 30, 2026, Evolution Petroleum held $6.1M in cash and short-term investments against $56.9M in total debt, resulting in net debt of $50.8M. Shareholders' equity stood at $60.4M, with a debt-to-equity ratio of 0.94 and a current ratio of 0.92. Operating cash flow in FY2026 was $23.5M. The company directed $30.3M toward capital expenditures, producing free cash flow of -$6.8M. Cash outlays also included $16.9M in dividends paid and $225,000 in share buybacks.

At $3.71 per share, Evolution Petroleum trades at an enterprise value of $195.4M and an EV/EBITDA multiple of 8.3x, compared to the median of 8.0x for its US-listed Energy peers. Its forward P/E multiple is 59.9x, above the peer group median of 12.7x, while its price-to-sales of 1.7x sits slightly below the peer median of 1.8x. Over the past year, the stock returned -8.2%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock returned -5.5%, compared to an 83.0% gain for the S&P 500.

Evolution Petroleum pays a quarterly dividend with an annual forward payout of $0.48 per share, representing a dividend yield of 12.94%. The company has paid dividends for 14 consecutive years and delivered a 5-year annualized dividend growth rate of 22.4%. Its last ex-dividend date was September 21, 2026.

Wall Street coverage includes 1 Strong Buy, 1 Buy, and 1 Hold rating, with no Sell or Strong Sell ratings. The mean price target is $4.94, representing a 33.1% upside compared to the last close of $3.71. For the current fiscal year ending June 30, 2027, consensus estimates project revenue of $89.7M and EPS of $0.05. Over the last four quarters, the company beat EPS estimates 2 times. The next earnings date is November 10, 2026.

This page is an AI-written research summary of Evolution Petroleum Corporation (EPM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: EPM income statement, EPM balance sheet, EPM key metrics, EPM analyst forecast, EPM chart. See the EPM stock overview for the latest quote and news.