Filing Flows › Evolution Petroleum (EPM) › Q2 FY26
Evolution Petroleum (EPM) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 11, 2026
Evolution Petroleum (EPM) reported revenue of $20.7M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -3% from the quarter before. Operating margin was 3.2%, net earnings $1.1M (5.2% of revenue).
Evolution Petroleum, Q2 FY26: revenue $20.7M (+2% year over year), operating margin 3.2%, net earnings $1.1M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.7M | -3% | +2% |
| Operating profit | $658K | — | — |
| Net earnings | $1.1M | +29% | — |
| Operating cash flow | $5.4M | -30% | -30% |
What changed
Revenue was $20.7M in Q2 FY26, up 2% year over year and down 3% from the previous quarter. Crude oil was the largest line at 52% of revenue. Natural gas added $1.6M year over year (up 28%), 408% of the total change. Crude oil declined 9%.
Operating profit was $658K, a 3.2% margin (up 6.2 points year over year). Total costs fell 4% while revenue rose 2%. Net earnings were $1.1M. The effective tax rate was 44.0%. Non-operating items added $1.2M, 65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.4M (down 30% year over year), 509% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $613K of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of −$220K left free cash flow of $5.6M.
Questions
What was Evolution Petroleum's revenue in the second quarter fiscal 2026?
Evolution Petroleum (EPM) reported revenue of $20.7M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -3% from the quarter before.
Was Evolution Petroleum profitable in the second quarter fiscal 2026?
Operating profit was $658K (3.2% of revenue) and net earnings $1.1M.