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EPM Evolution Petroleum

Evolution Petroleum Corp. is an oil and gas company. It develops and produces oil and gas reserves within known oil and gas resources utilizing technology onshore in the United States. The company holds interests in the Carbon Dioxide enhanced oil recovery project in Louisiana's Delhi Field. Evolution Petroleum was founded by Robert Stevens Herlin and Laird Q. Cagan in 1994 and is headquartered in Houston, TX.

Company profile

Ticker
EPM
Exchange
CEO
Robert Herlin
Employees
Incorporated
Location
Fiscal year end
Former names
NATURAL GAS SYSTEMS INC/NEW, REALITY INTERACTIVE INC
SEC CIK
IRS number
411781991

EPM stock data

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Calendar

11 May 21
2 Aug 21
30 Jun 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 17.04M 17.04M 17.04M 17.04M 17.04M 17.04M
Cash burn (monthly) 665.18K 304.47K (positive/no burn) 2.26M (positive/no burn) (positive/no burn)
Cash used (since last report) 2.72M 1.24M n/a 9.25M n/a n/a
Cash remaining 14.32M 15.8M n/a 7.79M n/a n/a
Runway (months of cash) 21.5 51.9 n/a 3.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Dec 20 Edward John DiPaolo Common Stock Grant Aquire A No No 3.02 19,868 60K 254,088
9 Dec 20 Ryan Stash Common Stock Grant Aquire A No No 0 75,624 0 155,624
9 Dec 20 Ryan Stash Contingent Performance Stock Grant Common Stock Grant Aquire A No No 0 25,208 0 25,208
9 Dec 20 Herlin Robert S Common Stock Grant Aquire A No No 3.02 19,868 60K 1,751,966
9 Dec 20 Jason E. Brown Common Stock Grant Aquire A No No 0 225,695 0 360,698
9 Dec 20 Jason E. Brown Contingent Performance Stock Grant Common Stock Grant Aquire A No No 0 75,232 0 275,232

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

67.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 76 79 -3.8%
Opened positions 9 8 +12.5%
Closed positions 12 10 +20.0%
Increased positions 28 26 +7.7%
Reduced positions 25 30 -16.7%
13F shares
Current Prev Q Change
Total value 125.41M 86.56M +44.9%
Total shares 22.64M 22.36M +1.2%
Total puts 56.6K 84.6K -33.1%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
BLK Blackrock 3.89M $13.15M +3.7%
ArrowMark Colorado 2.59M $8.76M +4.9%
Renaissance Technologies 2.48M $8.37M +4.8%
River Road Asset Management 1.41M $4.78M +3.3%
Advisory Research 1.29M $4.35M -4.4%
WealthTrust Axiom 1.24M $4.18M +9.6%
Vanguard 1.23M $4.17M +1.5%
Dimensional Fund Advisors 1.16M $3.92M -1.0%
Amica Mutual Insurance 1.11M $3.75M +43.5%
North Star Investment Management 976.78K $3.3M +9.2%
Largest transactions
Shares Bought/sold Change
Amica Mutual Insurance 1.11M +336.05K +43.5%
Zebra Capital Management 0 -171.88K EXIT
BLK Blackrock 3.89M +139.34K +3.7%
BAC Bank Of America 99.66K -127.61K -56.1%
MNGPF Man 24.13K -123.26K -83.6%
ArrowMark Colorado 2.59M +120.76K +4.9%
Renaissance Technologies 2.48M +114.35K +4.8%
WealthTrust Axiom 1.24M +108.5K +9.6%
Aptus Capital Advisors 170.26K +85.92K +101.9%
North Star Investment Management 976.78K +82K +9.2%

Financial report summary

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Risks
  • A substantial or extended decline in oil prices may adversely affect our business, financial condition or results of operations and our ability to meet our capital expenditure obligations and financial commitments.
  • Our revenues are concentrated in two assets and related declines in production or other events beyond our control could have a material adverse effect on our results of operations and financial results.
  • Operating results from oil and natural gas production may decline; we may be unable to acquire and develop the additional oil and natural gas reserves that are required in order to sustain our business operations.
  • We have limited control over the activities on properties we do not operate.
  • We are materially dependent upon our operators with respect to the successful operation of our principal assets, which consists of our interests Delhi and Hamilton Dome fields. A materially negative change in our operator’s financial condition could negatively affect operations (or timing thereof) in these fields, and consequently our income (or timing thereof) from these fields as well as the value of our interests in these fields.
  • The types of resources we focus on have substantial operational risks.
  • Crude oil and natural gas development, re-completion of wells from one reservoir to another reservoir, restoring wells to production, and drilling and completing new wells are speculative activities which involve numerous risks and substantial uncertain costs.
  • The loss of a large single purchaser of our oil and natural gas could reduce the competition of our production.
  • Our crude oil and natural gas reserves are only estimates and may prove to be inaccurate.
  • Regulatory and accounting requirements may require substantial reductions in reporting proven reserves.
  • Our derivative activities could result in financial losses or could reduce our income.
  • We may have difficulty managing future growth and the related demands on our resources and may have difficulty in achieving future growth.
  • Our operations may require significant amounts of capital and additional financing may be necessary in order for us to continue our exploitation activities, including meeting potential future drilling obligations.
  • Government regulation and liability for oil and gas operations and environmental matters may adversely affect our business and results of operations.
  • Our business could be negatively affected by security threats. A cyber attack or similar incident could occur and result in information theft, data corruption, operational disruption, damage to our reputation, and/or financial loss.
  • Our insurance may not protect us against all of the operating risks to which our business is exposed.
  • The loss of key personnel could adversely affect us.
  • Oil field service and materials prices may increase, and the availability of such services and materials may be inadequate to meet our needs.
  • We cannot market the crude oil and natural gas that we produce without the assistance of third parties.
  • We face strong competition from larger oil and gas companies.
  • We have been, and in the future may become, involved in legal proceedings related to our Delhi interest or other properties or operations and, as a result, may incur substantial costs in connection with those proceedings.
  • Ownership of our oil, gas and mineral production depends on good title to our property.
  • Events outside of our control, including a pandemic or broad outbreak of an infectious disease, such as the ongoing global outbreak of a novel strain of the coronavirus identified in late 2019 (“COVID-19”), may materially adversely affect our business.
  • Poor general economic, business, or industry conditions may have a material adverse effect on our results of operations, liquidity, and financial condition.
  • Our stock price has been and may continue to be volatile.
  • Significant ownership of our common stock is concentrated in a small number of shareholders who may be able to affect the outcome of the election of our directors and all other matters submitted to our stockholders for approval.
  • The market for our common stock is limited and may not provide adequate liquidity.
  • If securities or industry analysts do not publish research reports about our business, or if they downgrade our stock, the price of our common stock could decline.
  • The issuance of additional common stock and preferred stock could dilute existing stockholders.
  • Payment of dividends on our common stock has been in the past, and could be in the future, reduced or eliminated.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 
  • "Current quarter" refers to the three months ended March 31, 2021, the Company's third quarter of fiscal 2021.
  • "Prior quarter" refers to the three months ended December 31, 2020, the Company's second quarter of fiscal 2021.
Content analysis
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Positive
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Legalese
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H.S. sophomore Avg
New words: accretive, agreed, alleging, attention, attentive, attract, ban, Barnett, begun, brought, cold, constitute, construction, COVID, created, cured, Department, depreciable, emission, environmental, expressed, fact, flat, fossil, fracturing, frequently, fuel, Governmental, greenhouse, hydraulic, Interior, lack, lending, lingering, litigation, moderated, modest, mutually, obligation, offshore, oversight, pausing, political, preferred, preliminary, proposed, quickly, resolution, retract, reversal, safety, scientific, Shale, stewardship, stimulated, storm, successor, team, threat, Tokyo, transparency, vaccine, variety, warming, warranted, weather, Winter, withdrawal
Removed: bankruptcy, depressed, planned, plant, response, unamortized