Filing Flows › Evolution Petroleum (EPM) › Q1 FY26
Evolution Petroleum (EPM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Evolution Petroleum (EPM) reported revenue of $21.3M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +0.9% from the quarter before. Operating margin was -0.4%, net earnings $824K (3.9% of revenue).
Evolution Petroleum, Q1 FY26: revenue $21.3M (-3% year over year), operating margin -0.4%, net earnings $824K, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.3M | +0.9% | -3% |
| Operating profit | −$85K | -106% | — |
| Net earnings | $824K | -76% | — |
| Operating cash flow | $7.8M | -25% | +3% |
What changed
Revenue was $21.3M in Q1 FY26, down 3% year over year and up 1% from the previous quarter. Crude oil was the largest line at 60% of revenue. Crude oil lost $1.9M year over year (down 13%), 307% of the total change.
Operating costs exceeded revenue by $85K, an operating margin of -0.4%. Total costs grew 7% against a revenue fall of 3%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $824K, down 60% year over year. The effective tax rate was 30.7%. Non-operating items added $1.3M, 107% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.8M (up 3% year over year), 947% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $537K of share-based compensation. Working capital and other items added $483K. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$9.1M.
Questions
What was Evolution Petroleum's revenue in the first quarter fiscal 2026?
Evolution Petroleum (EPM) reported revenue of $21.3M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +0.9% from the quarter before.
Was Evolution Petroleum profitable in the first quarter fiscal 2026?
Operating loss was $85K (-0.4% of revenue) and net earnings $824K.