Filing Flows › Evolution Petroleum (EPM) › Q2 FY25
Evolution Petroleum (EPM) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 12, 2025
Evolution Petroleum (EPM) reported revenue of $20.3M for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -7% from the quarter before. Operating margin was -3.0%, net loss $1.8M (9.0% of revenue).
Evolution Petroleum, Q2 FY25: revenue $20.3M (-4% year over year), operating margin -3.0%, net loss $1.8M, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.3M | -7% | -4% |
| Operating profit | −$605K | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | $7.7M | +1% | +9% |
| Free cash flow | $7.7M | +4% | — |
What changed
Revenue was $20.3M in Q2 FY25, down 4% year over year and down 7% from the previous quarter. Crude oil was the largest line at 58% of revenue. Natural gas lost $738K year over year (down 11%), 99% of the total change.
Operating costs exceeded revenue by $605K, an operating margin of -3.0%. Total costs grew 7% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+18%). The quarter ended with a net loss of $1.8M, after a profit of $2.1M the previous quarter. Net interest and other expense of $1.9M was the main reason.
Operating cash flow was $7.7M (up 9% year over year). Non-cash charges added back $5.4M of depreciation and amortization and $659K of share-based compensation. Working capital and other items added $3.5M. Capital expenditures of $69K left free cash flow of $7.7M.
Questions
What was Evolution Petroleum's revenue in the second quarter fiscal 2025?
Evolution Petroleum (EPM) reported revenue of $20.3M for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -7% from the quarter before.
Was Evolution Petroleum profitable in the second quarter fiscal 2025?
Operating loss was $605K (-3.0% of revenue) and net loss $1.8M.