Evolution Petroleum Corporation
Evolution Petroleum Reports Fiscal Fourth Quarter and Full Year Fiscal 2026 Results
Evolution Petroleum reported its fiscal fourth quarter and full year 2026 results, showing a rebound in net income to $4.6 million and a sequential doubling of Adjusted EBITDA to $6.5 million. The company's total proved reserves increased slightly to 27.2 MMBOE, replacing over 100% of its fiscal 2026 production. Post-quarter, Evolution completed a strategic $16.0 million acquisition of mineral and royalty interests in the Permian Basin, adding significant future drilling locations.