Evolution Petroleum Corporation (EPM) Balance Sheet
EPM balance sheet, FY2026
June 30, 2026 · U.S. dollars$168.7M assets = $108.3M liabilities + $60.4M equity
Both columns are drawn to the same scale: what EPM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EPM financial health
Current ratio0.92
Tight · current assets cover current liabilities 0.92×
Debt / equity0.94
Moderate leverage · $0.94 of debt for each $1 of equity
Equity / assets35.8%
Balanced · of assets funded by shareholders
Cash / debt10.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
EPM balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $88.3MFY2017 | $168.7MFY2026 | +7.5%/yr | |
| Total liabilities | $19.8MFY2017 | $108.3MFY2026 | +20.8%/yr | |
| Shareholders’ equity | $68.5MFY2017 | $60.4MFY2026 | −1.4%/yr | |
| Cash & short-term investments | $23.0MFY2017 | $6.1MFY2026 | −13.7%/yr | |
| Total debt | $0FY2017 | $56.9MFY2026 | — | |
| Net cash (debt) | $23.0MFY2017 | −$50.8MFY2026 | −$73.8M | |
| Working capital | $23.4MFY2017 | −$1.8MFY2026 | −$25.3M | |
| Book value per share | $2.07FY2017 | $1.76FY2026 | −1.8%/yr | |
| Current ratio | 9.62FY2017 | 0.92FY2026 | −8.70 | |
| Debt / equity | 0.00FY2017 | 0.94FY2026 | +0.94 | |
| Shares outstanding | 33.1MFY2017 | 34.3MFY2026 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EPM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
EPM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
EPM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EPM balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.1M | $2.5M | $6.4M | $11.0M | $8.3M | $5.3M | $19.7M | $31.6M | $24.9M | $23.0M |
| Cash & equivalents | $6.1M | $2.5M | $6.4M | $11.0M | $8.3M | $5.3M | $19.7M | $31.6M | $24.9M | $23.0M |
| Short-term investments | — | — | — | — | — | — | — | — | $2.8M | $0 |
| Receivables | $11.2M | $11.0M | $11.2M | $7.9M | $24.1M | $11.8M | $1.9M | $3.2M | $3.9M | $2.7M |
| Inventory | $0 | $0 | −$347,000 | $1 | $2.6M | $0 | $0 | $0 | $2.8M | $0 |
| Other current assets | $3.2M | $3.8M | $4.4M | $2.3M | $1.4M | $1.0M | $3.7M | $458,278 | $524,507 | $387,672 |
| Total current assets | $20.5M | $17.4M | $21.7M | $21.2M | $36.4M | $18.1M | $25.3M | $35.2M | $32.1M | $26.1M |
| Property, plant & equipment (net) | $147.4M | $142.3M | $139.8M | $106.0M | $110.5M | $58.5M | $66.6M | $60.4M | $61.3M | $61.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $53,787 | $74,238 | $93,884 | $88,166 |
| Long-term investments | $0 | $365,000 | $0 | $0 | $0 | $0 | $108,750 | $108,750 | $108,750 | $108,750 |
| Other non-current assets | $798,000 | $206,000 | $1.3M | $5.5M | $1.2M | $70,789 | $11,888 | $27,045 | $42,201 | $98,468 |
| Total assets | $168.7M | $160.3M | $162.9M | $132.7M | $148.0M | $76.7M | $92.1M | $95.8M | $93.7M | $88.3M |
| Liabilities | ||||||||||
| Accounts payable | $13.8M | $12.9M | $8.3M | $5.9M | $15.1M | $5.6M | $1.5M | $2.1M | $3.4M | $2.1M |
| Short-term debt | $95,000 | $66,000 | $98,000 | $59,000 | $26,000 | $64,234 | $54,290 | $0 | $0 | $0 |
| Deferred revenue | — | — | $6.1M | — | — | — | $841,547 | — | — | — |
| Total current liabilities | $22.4M | $21.4M | $15.8M | $12.3M | $30.3M | $6.6M | $4.3M | $2.8M | $4.4M | $2.7M |
| Long-term debt | $56.5M | $37.5M | $39.5M | $0 | $21.2M | $4.0M | $0 | $0 | $0 | $0 |
| Lease obligations | $446,000 | $66,000 | $156,000 | $125,000 | $26,000 | $20,745 | $139,268 | — | — | — |
| Other long-term liabilities | $29.4M | $29.6M | $26.4M | $28.3M | $21.0M | $11.5M | $13.7M | $12.9M | $11.9M | $17.1M |
| Total liabilities | $108.3M | $88.4M | $81.8M | $40.6M | $72.5M | $22.1M | $18.0M | $15.6M | $16.4M | $19.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $36,000 | $34,000 | $33,000 | $33,000 | $33,000 | $33,515 | $32,956 | $33,183 | $33,080 | $33,087 |
| Retained earnings (deficit) | $5.8M | $25.1M | $40.0M | $52.0M | $32.9M | $12.0M | $32.8M | $37.6M | $35.5M | $27.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | — | $0 | −$41.1M | −$35.4M | −$29.3M | −$23.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $60.4M | $71.8M | $81.1M | $92.1M | $75.5M | $54.6M | $74.1M | $80.1M | $77.3M | $68.5M |
| Key figures | ||||||||||
| Total debt | $56.9M | $37.6M | $39.7M | $184,000 | $21.3M | $4.1M | $139,268 | $0 | $0 | $0 |
| Net cash (debt) | −$50.8M | −$35.1M | −$33.2M | $10.8M | −$13.0M | $1.2M | $19.5M | $31.6M | $24.9M | $23.0M |
| Working capital | −$1.8M | −$4.0M | $5.9M | $8.9M | $6.1M | $11.5M | $21.0M | $32.4M | $27.7M | $23.4M |
| Tangible book value | $60.4M | $71.8M | $81.1M | $92.1M | $75.5M | $54.6M | $74.1M | $80.1M | $77.2M | $68.4M |
| Book value per share | $1.76 | $2.16 | $2.47 | $2.77 | $2.27 | $1.67 | $2.24 | $2.42 | $2.33 | $2.07 |
| Shares outstanding | 34.3M | 33.3M | 32.9M | 33.2M | 33.3M | 32.7M | 33.0M | 33.2M | 33.2M | 33.1M |
| Current ratio | 0.92 | 0.81 | 1.37 | 1.73 | 1.20 | 2.75 | 5.92 | 12.78 | 7.26 | 9.62 |
| Quick ratio | 0.77 | 0.63 | 1.12 | 1.54 | 1.07 | 2.59 | 5.04 | 12.61 | 6.52 | 9.47 |
| Debt / equity | 0.94 | 0.52 | 0.49 | 0.00 | 0.28 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 35.8% | 44.8% | 49.8% | 69.4% | 51.0% | 71.2% | 80.4% | 83.7% | 82.5% | 77.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.1M | $2.6M | $3.8M | $714,000 | $2.5M | $5.6M | $11.7M | $6.9M | $6.4M | $3.1M | $8.5M | $9.4M |
| Cash & equivalents | $6.1M | $2.6M | $3.8M | $714,000 | $2.5M | $5.6M | $11.7M | $6.9M | $6.4M | $3.1M | $8.5M | $9.4M |
| Receivables | $11.2M | $10.5M | $9.5M | $8.9M | $11.0M | $10.9M | $10.8M | $10.9M | $11.2M | $16.3M | $10.1M | $10.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $254,000 | $0 | −$347,000 | $1 | $1 | $0 |
| Other current assets | $3.2M | $3.4M | $3.9M | $2.9M | $3.8M | $3.3M | $4.2M | $3.2M | $4.4M | $3.7M | $2.5M | $2.1M |
| Total current assets | $20.5M | $16.5M | $17.2M | $12.5M | $17.4M | $19.8M | $27.0M | $21.0M | $21.7M | $23.1M | $21.1M | $22.1M |
| Property, plant & equipment (net) | $147.4M | $151.8M | $151.1M | $155.7M | $142.3M | $133.6M | $131.8M | $135.6M | $139.8M | $142.3M | $103.7M | $104.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $351,000 | $390,000 | $429,000 | $365,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $798,000 | $1.1M | $592,000 | $447,000 | $206,000 | $3.0M | $1.4M | $1.4M | $1.3M | $1.2M | $1.2M | $1.2M |
| Total assets | $168.7M | $169.8M | $169.3M | $169.1M | $160.3M | $156.4M | $160.2M | $157.9M | $162.9M | $166.5M | $126.0M | $127.2M |
| Liabilities | ||||||||||||
| Accounts payable | $13.8M | $12.6M | $11.0M | $11.2M | $12.9M | $12.0M | $10.8M | $7.5M | $8.3M | $8.1M | $8.2M | $7.1M |
| Short-term debt | $95,000 | — | $0 | $42,000 | $66,000 | $89,000 | $100,000 | $99,000 | $98,000 | $97,000 | $97,000 | $59,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $6.1M | — | −$97,000 | −$59,000 |
| Total current liabilities | $22.4M | $27.1M | $19.1M | $17.9M | $21.4M | $22.5M | $16.5M | $12.4M | $15.8M | $15.5M | $14.5M | $13.1M |
| Long-term debt | $56.5M | $56.5M | $54.5M | $53.0M | $37.5M | $35.5M | $39.5M | $39.5M | $39.5M | $42.5M | $0 | $0 |
| Lease obligations | $446,000 | $439,000 | $449,000 | $42,000 | $66,000 | $89,000 | $113,000 | $134,000 | $156,000 | $176,000 | $101,000 | $112,000 |
| Other long-term liabilities | $29.4M | $27.7M | $28.1M | $29.1M | $29.6M | $26.7M | $28.0M | $26.4M | $26.4M | $25.1M | $24.0M | $24.2M |
| Total liabilities | $108.3M | $111.4M | $101.7M | $100.0M | $88.4M | $84.7M | $83.9M | $78.3M | $81.8M | $83.1M | $38.5M | $37.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $36,000 | $36,000 | $35,000 | $35,000 | $34,000 | $34,000 | $34,000 | $34,000 | $33,000 | $33,000 | $34,000 | $33,000 |
| Retained earnings (deficit) | $5.8M | $5.5M | $18.7M | $21.8M | $25.1M | $25.8M | $32.1M | $38.0M | $40.0M | $42.8M | $46.5M | $49.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | — | $0 | $0 |
| Total shareholders' equity | $60.4M | $58.4M | $67.5M | $69.1M | $71.8M | $71.7M | $76.3M | $79.6M | $81.1M | $83.5M | $87.4M | $89.9M |
| Key figures | ||||||||||||
| Total debt | $56.9M | $369,000 | $386,000 | $53.0M | $37.6M | $35.6M | $39.6M | $39.6M | $39.7M | $42.7M | $198,000 | $171,000 |
| Net cash (debt) | −$50.8M | $2.2M | $3.4M | −$52.3M | −$35.1M | −$30.0M | −$27.9M | −$32.7M | −$33.2M | −$39.6M | $8.3M | $9.2M |
| Working capital | −$1.8M | −$10.6M | −$2.0M | −$5.4M | −$4.0M | −$2.7M | $10.5M | $8.5M | $5.9M | $7.6M | $6.6M | $9.0M |
| Tangible book value | $60.4M | $58.4M | $67.5M | $69.1M | $71.8M | $71.7M | $76.3M | $79.6M | $81.1M | $83.5M | $87.4M | $89.9M |
| Book value per share | $1.71 | $1.72 | $1.99 | $2.03 | $2.13 | $2.14 | $2.32 | $2.42 | $2.47 | $2.54 | $2.66 | $2.73 |
| Shares outstanding | 35.3M | 34.0M | 34.0M | 34.0M | 33.7M | 33.4M | 32.9M | 32.9M | 32.8M | 32.9M | 32.9M | 33.0M |
| Current ratio | 0.92 | 0.61 | 0.90 | 0.70 | 0.81 | 0.88 | 1.64 | 1.69 | 1.37 | 1.49 | 1.46 | 1.69 |
| Quick ratio | 0.77 | 0.48 | 0.69 | 0.54 | 0.63 | 0.73 | 1.37 | 1.43 | 1.12 | 1.25 | 1.28 | 1.53 |
| Debt / equity | 0.94 | 0.01 | 0.01 | 0.77 | 0.52 | 0.50 | 0.52 | 0.50 | 0.49 | 0.51 | 0.00 | 0.00 |
| Equity / assets | 35.8% | 34.4% | 39.9% | 40.9% | 44.8% | 45.8% | 47.6% | 50.4% | 49.8% | 50.1% | 69.4% | 70.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 16, 2026); data from EODHD.
EPM financial position
At the end of fiscal 2026 (June 30, 2026), Evolution Petroleum had total assets of $168.7 million (up 5.3% from a year earlier), total liabilities of $108.3 million and shareholders' equity of $60.4 million. It held $6.1 million in cash and short-term investments against $56.9 million of debt, net debt of $50.8 million. Its current ratio was 0.92.
Related: EPM income statement, EPM cash flow statement, EPM key metrics. See the EPM stock overview for the latest quote and news.
EPM balance sheet FAQ
What are Evolution Petroleum's total assets?
Evolution Petroleum reported total assets of $168.7 million at the end of fiscal 2026 (June 30, 2026), compared with $160.3 million a year earlier.
How much debt does Evolution Petroleum have?
Evolution Petroleum had $56.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.94.
How much cash does Evolution Petroleum have?
Evolution Petroleum held $6.1 million in cash and short-term investments at the end of fiscal 2026; with $56.9 million of debt that is net debt of $50.8 million.
What is Evolution Petroleum's book value?
Evolution Petroleum's shareholders' equity (book value) was $60.4 million at the end of fiscal 2026, or $1.76 per share.
What is Evolution Petroleum's current ratio?
Evolution Petroleum had current assets of $20.5 million and current liabilities of $22.4 million, a current ratio of 0.92 (current liabilities exceed current assets).