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Sunday, September 24, 2023

Evolution Petroleum posts 4Q profit

HOUSTON (AP) _ Evolution Petroleum Corp. (EPM) on Wednesday reported fiscal fourth-quarter profit of $ 1.9 million.

The Houston-based company said it had profit of 5 cents per share.

The oil and gas company posted revenue of $ 9.1 million in the period.

For the year, the company reported profit of $ 5 million, or 13 cents per share. Revenue was reported as $ 27.8 million.

Evolution Petroleum shares have fallen 26 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $ 5.47, a decrease of 44 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPM at http://www.zacks.com/ap/EPM


Keywords: Evolution Petroleum, Earnings Report

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