Evolution Petroleum Corp
evolutionpetroleum.comWhat Do They Do?
Acquires and develops oil and natural gas properties, producing crude oil, natural gas and natural gas liquids for third-party buyers.
10-K for FY2026, filed Sep 16, 2026
How Do They Make Money?
Evolution sells oil, natural gas and natural gas liquids as production is delivered; purchasers typically pay one to two months after delivery for oil and natural gas.
10-K for FY2026, filed Sep 16, 2026The Company does not take production in-kind at any of its other properties and does not negotiate contracts with customers for such…View ↗
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10-K for FY2026, filed Sep 16, 2026
FY2026 revenue by product or service ↗
$86.3M
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10-K for FY2026, filed Sep 16, 2026
$86.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Crude oil
Sold outright
10-K for FY2026, filed Sep 16, 2026 |
59%
FY2023: 40%
|
Crude oil, FY2026
$50.6M Sources
|
Sold outright |
|
Natural gas
Sold outright
10-K for FY2026, filed Sep 16, 2026 |
29%
FY2023: 50%
|
Natural gas, FY2026
$25M Sources
|
Sold outright |
|
Natural gas liquids
Sold outright
10-K for FY2026, filed Sep 16, 2026 |
12%
FY2023: 11%
|
Natural gas liquids, FY2026
$10.7M Sources
|
Sold outright |
Who Are Their Customers?
Most production is sold through field operators, who collect payment and pass it on; in the Jonah Field, Evolution markets natural gas to separate buyers and sells NGLs to Enterprise Products Partners.
10-K for FY2026, filed Sep 16, 2026Our production is marketed to third parties in a manner consistent with industry practices. In the United States market where our…View ↗
As a non-operator, we are highly dependent on the success of our third-party operators and the decisions made in connection with their…View ↗
In the Jonah Field, the Company has elected to take its natural gas and NGL working interest production in-kind and markets its NGL…View ↗
Do Revenues Turn Into Profits?
No. It lost $2.4M in FY2026.
10-K for FY2026, filed Sep 16, 2026
How Are They Changing?
Shrinking. Revenue fell 21% in 4 years, from $108.9M in FY2022 to $86.3M in FY2026, about 6% a year.
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