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We expect Evolution Petroleum to release Q4 earnings at 4:55 p.m. ET, but earnings may be released earlier or later than that time.
Evolution Petroleum is expected to report fiscal fourth-quarter earnings results at 4:55 PM ET tonight, with Wall Street expecting a roughly break-even quarter. Consensus currently calls for EPS of about $0.01, while revenue is expected to rise year over year.
The bigger question is whether Evolution can finally show the earnings power management has been promising. Investors will be watching production from the company’s Louisiana Haynesville and Bossier royalty interests, where 23 wells were expected to begin producing in the near term, alongside progress from its TexMex properties.
The stakes are high after a difficult fiscal Q3 that included an $8.9 million GAAP net loss, $2.2 million in realized hedge losses, and production disruptions. A stronger Q4 could help validate Evolution’s acquisition-heavy push toward a more diversified portfolio of long-life oil, gas, and royalty assets.
The dividend remains another key piece of the story. Evolution has maintained its $0.12 quarterly payout and recently declared another $0.12 dividend for fiscal Q1 2027.
If Louisiana volumes ramp and TexMex improves, Q4 could mark an important inflection point. However, another weak quarter could put greater focus on Evolution’s leverage, capital needs, and whether its acquisition strategy is translating into cash flow quickly enough.
This article is updated throughout the trading day. Check back for more.
Evolution Petroleum (NYSE:EPM) is expected to report fiscal Q4 2026 earnings at 4:55 PM ET today, with the earnings call scheduled for tomorrow, Wednesday, September 16, at 11:00 AM ET. This quarter matters because management framed it as the period when temporary Q3 headwinds roll off and the portfolio’s “underlying earnings power” should show through.
Last quarter was rough. Revenue landed at $20.17M, down 10.6% YoY, and adjusted EPS came in at -$0.09 versus a $0.018 estimate. A $7.62M unrealized derivative loss, a $1.2M retroactive Delhi transportation charge, and Jonah differentials that trimmed roughly $3.39 per BOE drove the miss.
Sentiment has been mixed. EPM is up 12.66% year to date at $3.77, yet still down 19.27% over the past year. The commodity setup improved sharply, with WTI running from $69.74 on July 1 to $97.26 on September 9, while Henry Hub sat near $2.81.
| Metric | Q4 FY26 Estimate | YoY Change | FY26 Estimate | FY27 Estimate |
|---|---|---|---|---|
| Revenue | $21.74M | +3.0% | $85.24M | $85.66M |
| EPS (Normalized) | -$0.004 | n/m | -$0.066 | $0.05 |
The Q4 EPS expectation ranges from -$0.01 to $0.01, with the average sliding from $0.008 sixty days ago to -$0.004 today. Full-year FY27 EPS consensus of $0.05 implies analysts believe the reset quarter is behind Evolution.
Tonight, I’ll be watching whether the 23 Louisiana Haynesville and Bossier royalty wells flagged for near-term first production actually contribute this quarter. COO Mark Bunch said the operator activity supports a fiscal Q4 ramp, though management declined to quantify the volumes ahead of data.
TexMex is another data point to watch. The workover program targets 100+ net BOEPD by end of fiscal Q4, and CEO Kelly Loyd said the 300 BOEPD lost to January ice storms is “almost substantially all back online.”
Analysts will also focus on the hedge book. CEO Kelly Loyd noted, “selling oil for higher prices than our hedges is a really good thing,” and with WTI back near $97, at least 30% of crude production remains unhedged. Investors wil also be looking for Delhi commentary for any move to take production in kind, and any update on the $3.3M SCOOP/STACK divestiture proceeds redeployment.
Finally, liquidity was $10.4M against $56.5M of borrowings at 6.78%, so any commentary on the credit facility will be meaningful.
| Quarter | Reported EPS | Estimate | EPS Surprise |
|---|---|---|---|
| Q3 FY26 | -$0.09 | $0.018 | -600% |
| Q2 FY26 | $0.03 | $0.0075 | +300% |
| Q1 FY26 | $0.00 | $0.01 | -100% |
| Q4 FY25 | $0.03 | $0.01 | +125.56% |
Post-release price move data across the trailing year is not consistently available in this dataset beyond Q1 FY26, when shares fell roughly 11.55% after the report.
Contact [email protected] for any questions or corrections.
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
Outside of work, Thomas enjoys weight lifting and soccer.
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