Filing Flows › Evolution Petroleum (EPM) › Q3 FY26
Evolution Petroleum (EPM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 13, 2026
Evolution Petroleum (EPM) reported revenue of $20.2M for the third quarter fiscal 2026 (Q3 FY26), -11% from a year earlier and -2% from the quarter before. Operating margin was -2.8%, net loss $8.9M (44.3% of revenue).
Evolution Petroleum, Q3 FY26: revenue $20.2M (-11% year over year), operating margin -2.8%, net loss $8.9M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2M | -2% | -11% |
| Operating profit | −$558K | -185% | -135% |
| Net earnings | −$8.9M | -939% | — |
| Operating cash flow | $3.5M | -36% | -52% |
What changed
Revenue was $20.2M in Q3 FY26, down 11% year over year and down 2% from the previous quarter. Crude oil was the largest line at 52% of revenue. Crude oil lost $1.3M year over year (down 11%), 54% of the total change.
Operating costs exceeded revenue by $558K, an operating margin of -2.8%. Total costs fell 1% while revenue fell 11%. The quarter ended with a net loss of $8.9M, after a profit of $1.1M the previous quarter. Net interest and other expense of $10.8M was the main reason.
Operating cash flow was $3.5M (down 52% year over year). Non-cash charges added back $5.3M of depreciation and amortization and $595K of share-based compensation. Working capital and other items added $6.5M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Evolution Petroleum's revenue in the third quarter fiscal 2026?
Evolution Petroleum (EPM) reported revenue of $20.2M for the third quarter fiscal 2026 (Q3 FY26), -11% from a year earlier and -2% from the quarter before.
Was Evolution Petroleum profitable in the third quarter fiscal 2026?
Operating loss was $558K (-2.8% of revenue) and net loss $8.9M.