Evolution Petroleum (EPM) delivered earnings and revenue surprises of 0% and 1.79%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Continued Growth and Strategic Acquisitions Drive Performance
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2024 ("fiscal Q3" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 fourth quarter. Key Highlights Closed previously announced SCOOP/STACK acquisitions in February, adding production of ~1,550 barrels of