Filing Flows

Filing Flows › Evolution Petroleum (EPM) › How it makes money

How Evolution Petroleum (EPM) makes money

Evolution Petroleum (EPM) made $24.2M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Crude oil brought in $16.5M (68%); Natural gas brought in $4.4M (18%); Natural gas liquids brought in $3.3M (14%). Of every dollar of revenue, 14¢ was left as operating profit, 19¢ was left as net earnings.

Drawing the Sankey…

Evolution Petroleum revenue by segment, Q4 FY26Evolution Petroleum revenue by segment, Q4 FY26Crude oil$16.5MNatural gas$4.4MNatural gas liquids$3.3M
Evolution Petroleum: revenue by line, Q2 FY25 to Q4 FY26Evolution Petroleum: revenue by line, Q2 FY25 to Q4 FY26Crude oilNatural gasNatural gas liquidsCrude oil: $16.5M latest$16.5MNatural gas: $4.4M latest$4.4MNatural gas liquids: $3.3M latest$3.3MQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Natural gas went from 29% of revenue in Q2 FY25 to 18% in Q4 FY26, the largest shift in the mix.
Evolution Petroleum revenue by quarterEvolution Petroleum revenue by quarter$20.3MQ2 FY25$22.6MQ3 FY25$21.1MQ4 FY25$21.3MQ1 FY26$20.7MQ2 FY26$20.2MQ3 FY26$24.2MQ4 FY26
Evolution Petroleum: where each dollar of revenue goesEvolution Petroleum: where each dollar of revenue goesOperating profit14¢Income tax2¢Net earnings19¢Operating cash flow28¢Free cash flow21¢

Revenue by segment, Q4 FY26

SegmentRevenueShareQ/QY/Y
Crude oil$16.5M68.2%+58%—
Natural gas$4.4M18.2%-39%—
Natural gas liquids$3.3M13.6%+36%—

Where each dollar of revenue goes

LineQ4 FY26% of revenue
Revenue$24.2M100.0%
Operating profit$3.5M14.3%
Income tax$511K2.1%
Net earnings$4.6M19.1%
Operating cash flow$6.8M28.1%
Free cash flow$5.1M21.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q4 FY26$24.2M+15%
Q3 FY26$20.2M-11%
Q2 FY26$20.7M+2%
Q1 FY26$21.3M-3%
Q4 FY25$21.1M-0.6%
Q3 FY25$22.6M-2%
Q2 FY25$20.3M-4%

From Evolution Petroleum's 10-K filed Sep 16, 2026 (on EDGAR).

Questions

How does Evolution Petroleum make money?

Evolution Petroleum (EPM) made $24.2M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Crude oil brought in $16.5M (68%); Natural gas brought in $4.4M (18%); Natural gas liquids brought in $3.3M (14%). Of every dollar of revenue, 14¢ was left as operating profit, 19¢ was left as net earnings.

What is Evolution Petroleum's biggest business?

Crude oil: $16.5M in the fourth quarter fiscal 2026, 68% of revenue.

What is Evolution Petroleum's profit margin?

Net earnings were $4.6M, 19.1% of revenue, in the fourth quarter fiscal 2026; the operating margin was 14.3%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.