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WhiteHawk Minerals vs Evolution Petroleum: WHK and EPM compared
WhiteHawk Minerals is the larger company: $29.1M of revenue in its latest quarter (Q2 2026) against $24.2M for Evolution Petroleum (Q4 FY26). WhiteHawk Minerals is growing faster (+38% against +15% a year earlier). Evolution Petroleum is more profitable, with an operating margin of 14.3% against -4.6%.
Where the money goes: WHK and EPM
WhiteHawk Minerals (WHK) · Q2 2026
WhiteHawk Minerals, Q2 2026: revenue $29.1M (+38% year over year), operating margin -4.6%, net loss $39.2M. The chart follows the revenue to costs, profit and cash.
Evolution Petroleum (EPM) · Q4 FY26
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 follows the revenue to costs, profit and cash.
| WhiteHawk Minerals (WHK) | Evolution Petroleum (EPM) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $29.1M | $24.2M |
| Revenue growth, Y/Y | +38% | +15% |
| Operating margin | -4.6% | 14.3% |
| Net earnings | −$39.2M | $4.6M |
| Net margin | -134.8% | 19.1% |
| Operating cash flow | — | $6.8M |
| Free cash flow | — | $5.1M |
Where the revenue comes from
Evolution Petroleum
- Crude oil: $16.5M (68%)
- Natural gas: $4.4M (18%)
- Natural gas liquids: $3.3M (14%)
Questions
Which is bigger, WhiteHawk Minerals or Evolution Petroleum?
WhiteHawk Minerals is the larger company: $29.1M of revenue in its latest quarter (Q2 2026) against $24.2M for Evolution Petroleum (Q4 FY26).
Is WhiteHawk Minerals or Evolution Petroleum growing faster?
WhiteHawk Minerals is growing faster (+38% against +15% a year earlier).
Which is more profitable, WhiteHawk Minerals or Evolution Petroleum?
Evolution Petroleum is more profitable, with an operating margin of 14.3% against -4.6%.
More: WhiteHawk Minerals earnings · how WhiteHawk Minerals makes money · Evolution Petroleum earnings · how Evolution Petroleum makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-K filed Sep 16, 2026). Fiscal quarters can end on different dates. Not investment advice.