$EPM
EVOLUTION PETROLEUM CORP

2019 Q3 Form 10-Q Financial Statement

#000100665519000041 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q3
Revenue $9.152M $10.37M $12.31M
YoY Change -25.63% -9.22% 44.15%
Cost Of Revenue $3.090M $3.563M $3.460M
YoY Change -10.69% 23.29% 25.36%
Gross Profit $6.062M $6.810M $8.850M
YoY Change -31.5% -18.93% 56.64%
Gross Profit Margin 66.24% 65.65% 71.91%
Selling, General & Admin $1.338M $1.312M $1.310M
YoY Change 2.16% -22.81% -16.56%
% of Gross Profit 22.08% 19.27% 14.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.450M $1.547M $1.548M
YoY Change -6.37% 0.43% 0.54%
% of Gross Profit 23.91% 22.71% 17.5%
Operating Expenses $5.878M $2.855M $6.312M
YoY Change -6.87% -11.33% 7.61%
Operating Profit $3.274M $3.955M $5.995M
YoY Change -45.39% -23.68% 136.35%
Interest Expense $29.35K $37.82K $29.35K
YoY Change 0.0% -478.2% 43.46%
% of Operating Profit 0.9% 0.96% 0.49%
Other Income/Expense, Net
YoY Change
Pretax Income $3.311M $3.993M $7.112M
YoY Change -53.45% -22.91% 181.02%
Income Tax $500.0K $715.2K $1.316M
% Of Pretax Income 15.1% 17.91% 18.51%
Net Earnings $2.793M $3.278M $5.796M
YoY Change -51.81% -27.64% 170.76%
Net Earnings / Revenue 30.52% 31.6% 47.09%
Basic Earnings Per Share $0.08 $0.10 $0.18
Diluted Earnings Per Share $0.08 $0.10 $0.17
COMMON SHARES
Basic Shares Outstanding 33.13M shares 33.19M shares 33.10M shares
Diluted Shares Outstanding 33.13M shares 33.12M shares

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.40M $31.55M $28.84M
YoY Change 8.89% 26.56% 19.52%
Cash & Equivalents $31.40M $31.55M $28.84M
Short-Term Investments
Other Short-Term Assets $363.1K $458.3K $940.0K
YoY Change -61.38% -85.99% 224.14%
Inventory
Prepaid Expenses $363.1K $458.3K
Receivables $2.967M $3.168M $4.330M
Other Receivables $1.988K $0.00 $0.00
Total Short-Term Assets $34.74M $35.18M $34.12M
YoY Change 1.82% 9.43% 24.3%
LONG-TERM ASSETS
Property, Plant & Equipment $59.58M $60.37M $62.46M
YoY Change -4.62% -1.46% 2.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $108.8K $108.8K $110.0K
YoY Change -1.14% -1.14% 0.0%
Other Assets $23.26K $210.0K $40.00K
YoY Change -41.85% -14.21% -50.0%
Total Long-Term Assets $59.93M $60.58M $62.70M
YoY Change -4.42% -1.52% 2.42%
TOTAL ASSETS
Total Short-Term Assets $34.74M $35.18M $34.12M
Total Long-Term Assets $59.93M $60.58M $62.70M
Total Assets $94.67M $95.76M $96.82M
YoY Change -2.22% 2.24% 9.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.014M $2.084M $3.055M
YoY Change -34.07% -39.28% 50.34%
Accrued Expenses $471.0K $537.8K $418.7K
YoY Change 12.51% -38.53% -34.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.078M $2.753M $4.649M
YoY Change -33.8% -37.87% 53.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.713M $1.561M $1.440M
YoY Change 18.97% 12.27% 12.5%
Total Long-Term Liabilities $1.713M $1.561M $1.440M
YoY Change 18.97% 12.27% 12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.078M $2.753M $4.649M
Total Long-Term Liabilities $1.713M $1.561M $1.440M
Total Liabilities $16.08M $15.64M $16.92M
YoY Change -4.95% -4.5% -16.05%
SHAREHOLDERS EQUITY
Retained Earnings $37.09M $37.60M $37.98M
YoY Change -2.34% 5.93% 39.97%
Common Stock $33.00K $33.18K $33.16K
YoY Change -0.46% 0.31% 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $78.58M $80.13M $79.89M
YoY Change
Total Liabilities & Shareholders Equity $94.67M $95.76M $96.82M
YoY Change -2.22% 2.24% 9.2%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q3
OPERATING ACTIVITIES
Net Income $2.793M $3.278M $5.796M
YoY Change -51.81% -27.64% 170.76%
Depreciation, Depletion And Amortization $1.450M $1.547M $1.548M
YoY Change -6.37% 0.43% 0.54%
Cash From Operating Activities $5.044M $5.725M $7.656M
YoY Change -34.12% -4.9% 82.29%
INVESTING ACTIVITIES
Capital Expenditures -$522.4K -$386.0K -$3.090M
YoY Change -83.09% -80.99% 505.88%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$522.4K -$386.0K -$3.089M
YoY Change -83.09% -81.17% 505.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.362M $89.99K
YoY Change 1413.94% -18.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.669M -3.337M -$3.406M
YoY Change 37.09% -4.39% 31.5%
NET CHANGE
Cash From Operating Activities $5.044M 5.725M $7.656M
Cash From Investing Activities -$522.4K -386.0K -$3.089M
Cash From Financing Activities -$4.669M -3.337M -$3.406M
Net Change In Cash -$147.7K 2.002M $1.161M
YoY Change -112.72% 317.11% 5.47%
FREE CASH FLOW
Cash From Operating Activities $5.044M $5.725M $7.656M
Capital Expenditures -$522.4K -$386.0K -$3.090M
Free Cash Flow $5.566M $6.111M $10.75M
YoY Change -48.2% -24.09% 128.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q3 dei Document Type
DocumentType
10-Q
CY2019Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001006655
CY2019Q3 dei Amendment Flag
AmendmentFlag
false
CY2019Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2019Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2019Q3 dei Document Period End Date
DocumentPeriodEndDate
2019-09-30
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
32935424 shares
CY2019Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019Q3 dei Entity Registrant Name
EntityRegistrantName
EVOLUTION PETROLEUM CORP
CY2019Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2019Q2 epm Accumulated Amortization Royalty Rights
AccumulatedAmortizationRoyaltyRights
47474 USD
CY2019Q3 epm Accumulated Amortization Royalty Rights
AccumulatedAmortizationRoyaltyRights
50865 USD
CY2018Q3 epm Asset Acquisition Contingent Consideration Proceeds From Break Up Fee
AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee
1100000 USD
CY2019Q3 epm Asset Acquisition Contingent Consideration Proceeds From Break Up Fee
AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee
0 USD
CY2018Q3 epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
1548460 USD
CY2019Q3 epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
1449754 USD
CY2018Q3 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
-405645 USD
CY2019Q3 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
102981 USD
CY2018Q3 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
46571 USD
CY2019Q3 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
66129 USD
CY2019Q3 epm Lessee Finance Lease Number Of Contracts
LesseeFinanceLeaseNumberOfContracts
0 contract
CY2019Q3 epm Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
1 contract
CY2019Q3 epm Lessee Short Term Lease Number Of Contracts
LesseeShortTermLeaseNumberOfContracts
0 contract
CY2018Q3 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
31268 USD
CY2019Q3 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
0 USD
CY2019Q3 epm Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
10876 USD
CY2019Q3 epm Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
161125 USD
CY2019Q2 epm Prepaid Investor Relations And Other Current
PrepaidInvestorRelationsAndOtherCurrent
74966 USD
CY2019Q3 epm Prepaid Investor Relations And Other Current
PrepaidInvestorRelationsAndOtherCurrent
25818 USD
CY2019Q2 epm Prepaid Subscription And License Current
PrepaidSubscriptionAndLicenseCurrent
55435 USD
CY2019Q3 epm Prepaid Subscription And License Current
PrepaidSubscriptionAndLicenseCurrent
67211 USD
CY2019Q2 epm Royalty Rights
RoyaltyRights
108512 USD
CY2019Q3 epm Royalty Rights
RoyaltyRights
108512 USD
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2084140 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2014031 USD
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3168116 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2967064 USD
CY2019Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
5738 USD
CY2019Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
34238 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
537755 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
471012 USD
CY2019Q2 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
369719 USD
CY2019Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
182855 USD
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33003134 shares
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33003134 shares
CY2019Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
141927 USD
CY2019Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
145716 USD
CY2019Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42488913 USD
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
41458682 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
215373 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
332013 USD
CY2018Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1422955 USD
CY2019Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1610845 USD
CY2019Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1637132 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
101506 USD
CY2019Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
26287 USD
CY2019Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50244 USD
CY2019Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50244 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
31268 USD
CY2019Q3 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
55116 USD
CY2019Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2019Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1560601 USD
CY2019Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1586888 USD
CY2019Q2 us-gaap Assets
Assets
95761844 USD
CY2019Q3 us-gaap Assets
Assets
94666496 USD
CY2019Q2 us-gaap Assets Current
AssetsCurrent
35178927 USD
CY2019Q3 us-gaap Assets Current
AssetsCurrent
34736914 USD
CY2019Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
7462 USD
CY2019Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
9184 USD
CY2019Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
20662 USD
CY2019Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
20662 USD
CY2019Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
0 USD
CY2019Q3 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
0 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31552533 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31404803 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27681133 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28842362 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31552533 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31404803 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1161229 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-147730 USD
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.1
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
33183 USD
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
33003 USD
CY2019Q2 us-gaap Cost Method Investments
CostMethodInvestments
108750 USD
CY2019Q3 us-gaap Cost Method Investments
CostMethodInvestments
108750 USD
CY2019Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
210033 USD
CY2019Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
351380 USD
CY2019Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
168972 USD
CY2019Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
168972 USD
CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
275380 USD
CY2019Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-29083 USD
CY2019Q2 us-gaap Deferred Rent Credit
DeferredRentCredit
4338 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
11322691 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
11293608 USD
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33183730 shares
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1548460 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1449754 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3315785 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.156
CY2018Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3315785 USD
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3306408 USD
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3306408 USD
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1305262 USD
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1338353 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7112153 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3310803 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1316352 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
517983 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 USD
CY2018Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
462395 USD
CY2019Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
85000 USD
CY2018Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-428148 USD
CY2019Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-276864 USD
CY2018Q3 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
1053032 USD
CY2019Q3 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
462066 USD
CY2018Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
415729 USD
CY2019Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-95219 USD
CY2018Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
392981 USD
CY2019Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-199064 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16765 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7727 shares
CY2018Q3 us-gaap Interest Expense
InterestExpense
29345 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
29345 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
14005 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
182208 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
26098 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
61843 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59945 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
34322 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14606 USD
CY2019Q2 us-gaap Liabilities
Liabilities
15635986 USD
CY2019Q3 us-gaap Liabilities
Liabilities
16084637 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
95761844 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
94666496 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2752694 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3077908 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3405777 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4668832 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3089006 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-522413 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7656012 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5043515 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
5795801 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
2792820 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5795801 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2792820 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
35275687 USD
CY2019Q3 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
36693441 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
95622153 USD
CY2019Q3 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
96247547 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
60346466 USD
CY2019Q3 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
59554106 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
6312152 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
5878196 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5994927 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3274019 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
13015 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
167602 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41369 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
126233 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
150249 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0515
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M28D
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11554 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11556 USD
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
537755 USD
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
471012 USD
CY2018Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4824 USD
CY2019Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
18526 USD
CY2019Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
0 USD
CY2019Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1988 USD
CY2018Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
89992 USD
CY2019Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1362424 USD
CY2018Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3315785 USD
CY2019Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3306408 USD
CY2018Q3 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
3089006 USD
CY2019Q3 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
522413 USD
CY2019Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
458278 USD
CY2019Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
363059 USD
CY2019Q2 us-gaap Prepaid Insurance
PrepaidInsurance
206198 USD
CY2019Q3 us-gaap Prepaid Insurance
PrepaidInsurance
148351 USD
CY2019Q2 us-gaap Prepaid Taxes
PrepaidTaxes
121679 USD
CY2019Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
592865 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
990 USD
CY2019Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
24096 USD
CY2019Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
3168116 USD
CY2019Q3 us-gaap Prepaid Taxes
PrepaidTaxes
121679 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60372884 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59578202 USD
CY2019Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
154731 USD
CY2019Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
154731 USD
CY2019Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
128313 USD
CY2019Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
130635 USD
CY2019Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
26418 USD
CY2019Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
2969052 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37603762 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37090174 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12307079 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9152215 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
161125 USD
CY2019Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
100500 USD
CY2019Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
150750 USD
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
215373 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
332013 USD
CY2019Q2 us-gaap Shares Outstanding
SharesOutstanding
33183730 shares
CY2019Q3 us-gaap Shares Outstanding
SharesOutstanding
33003134 shares
CY2019Q3 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
8939 shares
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
89992 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1362424 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
77289479 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
79894876 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
80125858 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
78581859 USD
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
130799 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33119057 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33134372 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33102292 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33126645 shares
CY2019Q3 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates.&#160;</font><font style="font-family:inherit;font-size:10pt;"> &#160;The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include (a) reserve quantities and estimated future cash flows associated with proved reserves, which may significantly impact depletion expense and potential impairments of oil and natural gas properties, (b) asset retirement obligations, (c) stock-based compensation, (d) income taxes and the valuation of deferred tax assets and (e) commitments and contingencies. We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001006655-19-000041-index-headers.html Edgar Link pending
0001006655-19-000041-index.html Edgar Link pending
0001006655-19-000041.txt Edgar Link pending
0001006655-19-000041-xbrl.zip Edgar Link pending
a10-qq1x20.htm Edgar Link pending
epclogo4qandksa01.jpg Edgar Link pending
epm-20190930.xml Edgar Link completed
epm-20190930.xsd Edgar Link pending
epm-20190930_cal.xml Edgar Link unprocessable
epm-20190930_def.xml Edgar Link unprocessable
epm-20190930_lab.xml Edgar Link unprocessable
epm-20190930_pre.xml Edgar Link unprocessable
exhibit311q1-20.htm Edgar Link pending
exhibit312q1-20.htm Edgar Link pending
exhibit321q1-20.htm Edgar Link pending
exhibit322q1-20.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending