Filing Flows › Evolution Petroleum (EPM) › Q4 FY26 › vs Q3 FY26
Evolution Petroleum (EPM) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Evolution Petroleum's revenue rose $4.0M (+20%) from $20.2M in Q3 FY26 to $24.2M in Q4 FY26. The biggest changes: Crude oil +$6.0M (+58%); Natural gas −$2.9M (-39%); Natural gas liquids +$871K (+36%). Operating margin 14.3% against -2.8% (+17.1 pts).
Evolution Petroleum, Q4 FY26: revenue $24.2M (+15% year over year), operating margin 14.3%, net earnings $4.6M, operating cash flow $6.8M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 14.3% | -2.8% | +17.1 pts |
| Net margin | 19.1% | -44.3% | +63.3 pts |
| Free cash flow margin | 21.1% | -5.8% | +27.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Crude oil | $16.5M | $10.5M | $6.0M | +58% |
| Natural gas | $4.4M | $7.3M | −$2.9M | -39% |
| Natural gas liquids | $3.3M | $2.4M | $871K | +36% |
| Revenue | $24.2M | $20.2M | $4.0M | +20% |
| Other income, net | $1.7M | −$10.8M | $12.5M | — |
| Operating profit | $3.5M | −$558K | $4.0M | — |
| Costs & expenses | $20.7M | $20.7M | $17K | +0.1% |
| Pre-tax earnings | $5.1M | −$11.4M | $16.5M | — |
| Cost of revenue | $12.8M | $13.0M | −$177K | -1% |
| General & admin | $2.4M | $2.5M | −$118K | -5% |
| Other operating costs | $5.6M | $5.3M | $312K | +6% |
| Net earnings | $4.6M | −$8.9M | $13.5M | — |
| Income tax | $511K | −$2.4M | $2.9M | — |
| Depreciation & amortization | $5.6M | $5.3M | $312K | +6% |
| Share-based compensation | $599K | $595K | $4K | +0.7% |
| Working capital & other | $4.0M | −$6.5M | $10.6M | — |
| Operating cash flow | $6.8M | $3.5M | $3.3M | +95% |
| Free cash flow (OCF − capex) | $5.1M | −$1.2M | $6.3M | — |
| Capital expenditures | $1.7M | $4.7M | −$3.0M | -64% |
Questions
How much did Evolution Petroleum's revenue grow quarter over quarter in Q4 FY26?
Evolution Petroleum's revenue rose $4.0M (+20%) from $20.2M in Q3 FY26 to $24.2M in Q4 FY26.
What drove Evolution Petroleum's revenue change in Q4 FY26?
Crude oil +$6.0M (+58%); Natural gas −$2.9M (-39%); Natural gas liquids +$871K (+36%).