$EPM
EVOLUTION PETROLEUM CORP Stock $epm

$epm Overview Financials Valuation SEC Filings Company Website

2013 Q2 Form 10-Q Financial Statement

#000110465913040297 Filed on May 10, 2013

Income Statement

Concept	2013 Q2	2013 Q1	2012 Q1
Revenue	$5.400M	$6.011M	$4.849M
YoY Change	17.85%	23.97%	140.37%
Cost Of Revenue	$460.0K	$540.0K	$680.0K
YoY Change	2.22%	-20.59%	119.35%
Gross Profit	$4.940M	$5.470M	$4.170M
YoY Change	19.61%	31.18%	143.86%
Gross Profit Margin	91.49%	91.01%	86.01%
Selling, General & Admin	$2.200M	$2.170M	$1.210M
YoY Change	64.18%	79.34%	24.74%
% of Gross Profit	44.53%	39.67%	29.02%
Research & Development			$350.0K
YoY Change			-10.26%
% of Gross Profit			8.39%
Depreciation & Amortization	$380.0K	$281.3K	$316.7K
YoY Change	22.58%	-11.17%	138.96%
% of Gross Profit	7.69%	5.14%	7.59%
Operating Expenses	$2.590M	$2.616M	$2.575M
YoY Change	28.86%	1.59%	41.58%
Operating Profit	$2.352M	$3.395M	$2.273M
YoY Change	10.92%	49.31%	1046.59%
Interest Expense	-$10.00K	$16.31K	$5.577K
YoY Change	-200.0%	192.42%
% of Operating Profit	-0.43%	0.48%	0.25%
Other Income/Expense, Net		-$10.81K	$628.00
YoY Change		-1821.82%
Pretax Income	$2.340M	$3.384M	$2.274M
YoY Change	10.9%	48.79%	1037.94%
Income Tax	$1.230M	$986.7K	$806.0K
% Of Pretax Income	52.56%	29.16%	35.44%
Net Earnings	$1.110M	$2.397M	$1.468M
YoY Change	0.91%	63.28%	761.43%
Net Earnings / Revenue	20.56%	39.88%	30.28%
Basic Earnings Per Share	$0.03	$0.08	$0.05
Diluted Earnings Per Share	$0.03	$0.07	$0.04
COMMON SHARES
Basic Shares Outstanding	28.62M shares	28.20M shares	27.82M shares
Diluted Shares Outstanding		32.09M shares	31.79M shares

Balance Sheet

Concept	2013 Q2	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$25.18M	$21.94M	$15.47M
YoY Change	71.53%	41.82%	383.44%
Cash & Equivalents	$24.93M	$21.69M	$15.22M
Short-Term Investments	$250.0K	$250.0K	$250.0K
Other Short-Term Assets	$300.0K	$300.0K	$210.0K
YoY Change	-46.43%	42.86%	-58.0%
Inventory
Prepaid Expenses
Receivables	$1.630M	$2.130M	$2.080M
Other Receivables	$918.00	$21.27K	$311.00
Total Short-Term Assets	$27.44M	$24.50M	$17.81M
YoY Change	63.6%	37.6%	245.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$38.84M	$40.31M	$35.28M
YoY Change	-4.26%	14.26%	6.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$252.9K	$261.7K	$260.8K
YoY Change	1.03%	0.36%	421.51%
Total Long-Term Assets	$39.12M	$40.57M	$35.54M
YoY Change	-7.27%	14.16%	6.79%
TOTAL ASSETS
Total Short-Term Assets	$27.44M	$24.50M	$17.81M
Total Long-Term Assets	$39.12M	$40.57M	$35.54M
Total Assets	$66.56M	$65.07M	$53.35M
YoY Change	12.89%	21.98%	38.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$769.1K	$296.8K	$534.5K
YoY Change	88.7%	-44.47%	4.81%
Accrued Expenses	$1.510M	$2.200M	$680.0K
YoY Change	-64.22%	223.53%	-5.56%
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	$2.633M	$3.301M	$1.922M
YoY Change	-48.27%	71.73%	-8.03%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$670.0K	$880.0K	$1.020M
YoY Change	-35.58%	-13.73%	12.09%
Total Long-Term Liabilities	$670.0K	$880.0K	$1.020M
YoY Change	-35.58%	-13.73%	12.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.633M	$3.301M	$1.922M
Total Long-Term Liabilities	$670.0K	$880.0K	$1.020M
Total Liabilities	$11.72M	$12.25M	$8.251M
YoY Change	-4.97%	48.51%	40.08%
SHAREHOLDERS EQUITY
Retained Earnings	$24.01M	$23.07M	$17.13M
YoY Change	32.97%	34.65%
Common Stock	$29.41K	$29.19K	$28.85M
YoY Change	-99.9%	-99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.020M	$903.9K	$882.0K
YoY Change	15.63%	2.48%
Treasury Stock Shares	801.9K shares	790.8K shares	788.2K shares
Shareholders Equity	$54.84M	$52.82M	$45.10M
YoY Change
Total Liabilities & Shareholders Equity	$66.56M	$65.07M	$53.35M
YoY Change	12.89%	21.98%	38.82%

Cashflow Statement

Concept	2013 Q2	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$1.110M	$2.397M	$1.468M
YoY Change	0.91%	63.28%	761.43%
Depreciation, Depletion And Amortization	$380.0K	$281.3K	$316.7K
YoY Change	22.58%	-11.17%	138.96%
Cash From Operating Activities	$2.820M	$4.150M	$3.030M
YoY Change	-7.54%	36.96%	94.23%
INVESTING ACTIVITIES
Capital Expenditures	-$520.0K	-$390.0K	-$1.220M
YoY Change	-52.29%	-68.03%	916.67%
Acquisitions
YoY Change
Other Investing Activities	$420.0K	$0.00	$100.0K
YoY Change	-114.84%	-100.0%	-110.1%
Cash From Investing Activities	-$100.0K	-$390.0K	-$1.120M
YoY Change	-97.45%	-65.18%	0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	510.0K	-100.0K	-330.0K
YoY Change	537.5%	-69.7%	-466.67%
NET CHANGE
Cash From Operating Activities	2.820M	4.150M	3.030M
Cash From Investing Activities	-100.0K	-390.0K	-1.120M
Cash From Financing Activities	510.0K	-100.0K	-330.0K
Net Change In Cash	3.230M	3.660M	1.580M
YoY Change	-508.86%	131.65%	198.11%
FREE CASH FLOW
Cash From Operating Activities	$2.820M	$4.150M	$3.030M
Capital Expenditures	-$520.0K	-$390.0K	-$1.220M
Free Cash Flow	$3.340M	$4.540M	$4.250M
YoY Change	-19.32%	6.82%	152.98%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14428548	USD
CY2012Q2	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	250000	USD
CY2012Q2	epm	Oil And Natural Gas Sales Receivables Current OilAndNaturalGasSalesReceivablesCurrent	1343347	USD
CY2012Q2	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	96151	USD
CY2012Q2	epm	Income Taxes Receivable Current IncomeTaxesReceivableCurrent	92885	USD
CY2012Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	190	USD
CY2012Q2	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	325235	USD
CY2012Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	233433	USD
CY2012Q2	us-gaap	Assets Current AssetsCurrent	16769789	USD
CY2012Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	40476172	USD
CY2012Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	92271	USD
CY2012Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	40568443	USD
CY2012Q2	us-gaap	Advances To Affiliate AdvancesToAffiliate	1366921	USD
CY2012Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	250333	USD
CY2012Q2	us-gaap	Assets Assets	58955486	USD
CY2012Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	407570	USD
CY2012Q2	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	3217975	USD
CY2012Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1005624	USD
CY2012Q2	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	294013	USD
CY2012Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	91967	USD
CY2012Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	71768	USD
CY2012Q2	us-gaap	Liabilities Current LiabilitiesCurrent	5088917	USD
CY2012Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	6205093	USD
CY2012Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	968677	USD
CY2012Q2	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	70011	USD
CY2012Q2	us-gaap	Liabilities Liabilities	12332698	USD
CY2012Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Common Stock Value CommonStockValue	28670	USD
CY2012Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	29416914	USD
	epm	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	1.84
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	928342	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	56131	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5298878	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2012Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	18058909	USD
CY2012Q2	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	47504810	USD
CY2012Q2	us-gaap	Treasury Stock Value TreasuryStockValue	882022	USD
CY2012Q2	us-gaap	Stockholders Equity StockholdersEquity	46622788	USD
CY2012Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	58955486	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21694734	USD
CY2013Q1	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	250000	USD
CY2013Q1	epm	Oil And Natural Gas Sales Receivables Current OilAndNaturalGasSalesReceivablesCurrent	2125506	USD
CY2013Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	10529	USD
CY2013Q1	epm	Income Taxes Receivable Current IncomeTaxesReceivableCurrent	92885	USD
CY2013Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	21267	USD
CY2013Q1	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	162746	USD
CY2013Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	144149	USD
CY2013Q1	us-gaap	Assets Current AssetsCurrent	24501816	USD
CY2013Q1	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	40251521	USD
CY2013Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	58962	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	40310483	USD
CY2013Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	261695	USD
CY2013Q1	us-gaap	Assets Assets	65073994	USD
CY2013Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	296845	USD
CY2013Q1	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	1317559	USD
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	882298	USD
CY2013Q1	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	177942	USD
CY2013Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	426693	USD
CY2013Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	199805	USD
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	3301142	USD
CY2013Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	8069553	USD
CY2013Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	824815	USD
CY2013Q1	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	57151	USD
CY2013Q1	us-gaap	Liabilities Liabilities	12252661	USD
CY2013Q1	us-gaap	Common Stock Value CommonStockValue	29190	USD
CY2013Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	30626695	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	23069023	USD
CY2013Q1	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	53725225	USD
CY2013Q1	us-gaap	Treasury Stock Value TreasuryStockValue	903892	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	52821333	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	65073994	USD
CY2013Q1	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	5349286	USD
CY2012Q2	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	6042094	USD
CY2013Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2012Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2013Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2012Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2013Q1	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25.00
CY2012Q2	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25.00
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	29190858	shares
CY2012Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28670424	shares
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28400041	shares
CY2012Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	27882224	shares
CY2013Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	790817	shares
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1369457	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-473307	USD
CY2012Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	788200	shares
CY2013Q1	epm	Revenue From Crude Oil RevenueFromCrudeOil	5947015	USD
CY2013Q1	epm	Revenue From Natural Gas Liquids RevenueFromNaturalGasLiquids	27067	USD
CY2013Q1	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	36485	USD
CY2013Q1	us-gaap	Sales Revenue Net SalesRevenueNet	6010567	USD
CY2013Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	525425	USD
CY2013Q1	us-gaap	Production Tax Expense ProductionTaxExpense	13895	USD
CY2013Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	281306	USD
CY2013Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	17232	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1778178	USD
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	2616036	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3394531	USD
CY2013Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5495	USD
CY2013Q1	us-gaap	Interest Expense InterestExpense	16308	USD
CY2013Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-10813	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3383718	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	986676	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	2397042	USD
CY2013Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	168575	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2228467	USD
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.08
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28201106	shares
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32090152	shares
CY2012Q1	epm	Revenue From Crude Oil RevenueFromCrudeOil	4532942	USD
CY2012Q1	epm	Revenue From Natural Gas Liquids RevenueFromNaturalGasLiquids	128319	USD
CY2012Q1	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	187273	USD
CY2012Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4848534	USD
CY2012Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	662461	USD
CY2012Q1	us-gaap	Production Tax Expense ProductionTaxExpense	15165	USD
CY2012Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	316665	USD
CY2012Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	20124	USD
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1560658	USD
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	2575073	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2273461	USD
CY2012Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	6205	USD
CY2012Q1	us-gaap	Interest Expense InterestExpense	5577	USD
CY2012Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	628	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2274089	USD
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	805989	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	1468100	USD
CY2012Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	168575	USD
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1299525	USD
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27816963	shares
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31785184	shares
	epm	Revenue From Crude Oil RevenueFromCrudeOil	15331836	USD
	epm	Revenue From Natural Gas Liquids RevenueFromNaturalGasLiquids	233234	USD
	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	385101	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	15950171	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	1260922	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	56090	USD
	us-gaap	Operating Expenses OperatingExpenses	7600363	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	8349808	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	16725	USD
	us-gaap	Interest Expense InterestExpense	49300	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-32575	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	8317233	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2801393	USD
	us-gaap	Net Income Loss NetIncomeLoss	5515840	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	505726	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5010114	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28069285	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31911808	shares
	epm	Revenue From Crude Oil RevenueFromCrudeOil	12212738	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.11
	epm	Revenue From Natural Gas Liquids RevenueFromNaturalGasLiquids	499745	USD
	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	667609	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	13380092	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	1277848	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	47925	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	834351	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	56712	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4454091	USD
	us-gaap	Operating Expenses OperatingExpenses	6670927	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	6709165	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	20163	USD
	us-gaap	Interest Expense InterestExpense	5577	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	14586	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	6723751	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2686778	USD
	us-gaap	Net Income Loss NetIncomeLoss	4036973	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	461815	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3575158	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.13
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27759487	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31558152	shares
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	392433	USD
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	354469	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1139802	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1126034	USD
	epm	Depreciation Depletion And Amortization Cash Flows Impact DepreciationDepletionAndAmortizationCashFlowsImpact	958566	USD
	epm	Payments On Asset Retirement Obligations PaymentsOnAssetRetirementObligations	52905	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2026948	USD
	epm	Deferred Rent Expenses DeferredRentExpenses	-12860	USD
	epm	Increase Decrease In Receivables From Oil And Natural Gas Sales IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales	782159	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	21077	USD
	epm	Increase Decrease In Amount Due From Joint Interest Partner IncreaseDecreaseInAmountDueFromJointInterestPartner	-20105	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-89284	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-47339	USD
	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	-116071	USD
	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	334726	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	3054976	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	9108950	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	4395350	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	29083	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	505726	USD
	epm	Payments For Purchase Of Treasury Stock Cost Method PaymentsForPurchaseOfTreasuryStockCostMethod	21870	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	16211	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	7266186	USD
	epm	Depreciation Depletion And Amortization Cash Flows Impact DepreciationDepletionAndAmortizationCashFlowsImpact	837673	USD
	epm	Payments On Asset Retirement Obligations PaymentsOnAssetRetirementObligations	30969	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1978496	USD
	epm	Deferred Rent Expenses DeferredRentExpenses	-11115	USD
	epm	Increase Decrease In Receivables From Oil And Natural Gas Sales IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales	523077	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-8346	USD
	epm	Increase Decrease In Amount Due From Joint Interest Partner IncreaseDecreaseInAmountDueFromJointInterestPartner	-78110	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	81423	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	32397	USD
	us-gaap	Increase Decrease In Royalties Payable IncreaseDecreaseInRoyaltiesPayable	-213316	USD
	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	34102	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	103184	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	7328943	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	2690604	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	47475	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	27295	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-2662190	USD
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	6930535	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	461815	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	159494	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	6309226	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	10975979	USD
	dei	Entity Registrant Name EntityRegistrantName	EVOLUTION PETROLEUM CORP
	dei	Entity Central Index Key EntityCentralIndexKey	0001006655
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4247438	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15223417	USD
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	28620041	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
CY2013Q1	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	7487095	USD
CY2012Q2	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	6440166	USD
CY2013Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	322515	USD
CY2012Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	322514	USD
CY2013Q1	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	263553	USD
CY2012Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	230243	USD
CY2013Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	42389330	USD
CY2012Q2	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	40874244	USD
CY2011Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	859586	USD
	epm	Asset Retirement Obligation Liabilities Sold AssetRetirementObligationLiabilitiesSold	170433	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	3126	USD
CY2012	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	175943	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	38077	USD
CY2012	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	61936	USD
CY2012	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	77505	USD
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	5432	USD
CY2012	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-82421	USD
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.29	pure
CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.34	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.400	pure
CY2013Q1	epm	Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions	898	shares
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3888148	shares
CY2013Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3889046	shares
CY2012Q1	epm	Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions	66826	shares
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3901395	shares
CY2012Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3968221	shares
	epm	Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions	864	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3841659	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3842523	shares
	epm	Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions	62684	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3735981	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3798665	shares
	epm	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	1.90
	epm	Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations	8558	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	610000	USD
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	28680	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	-58675	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5043985	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5465455	shares
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	159011	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	159011	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	159011	USD
CY2013Q1	epm	Operating Leases Future Minimum Payments Due After Four Years OperatingLeasesFutureMinimumPaymentsDueAfterFourYears	53004	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	530037	USD
CY2013Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	36808	USD
CY2012Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	36808	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	110425	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	110425	USD
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	304874	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	-97583	USD
	epm	Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations	59936	USD
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
	epm	Increase Decrease In Due To Affiliate Used To Acquire Oil And Natural Gas Lease Hold Interests And Develop Oil And Natural Gas Properties IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties	-467978	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	70500	USD

Files In Submission

Name	View Source	Status
0001104659-13-040297-index-headers.html	Edgar Link	pending
0001104659-13-040297-index.html	Edgar Link	pending
0001104659-13-040297.txt	Edgar Link	pending
0001104659-13-040297-xbrl.zip	Edgar Link	pending
a13-8695_110q.htm	Edgar Link	pending
a13-8695_1ex31d1.htm	Edgar Link	pending
a13-8695_1ex31d2.htm	Edgar Link	pending
a13-8695_1ex32d1.htm	Edgar Link	pending
a13-8695_1ex32d2.htm	Edgar Link	pending
epm-20130331.xml	Edgar Link	completed
epm-20130331.xsd	Edgar Link	pending
epm-20130331_cal.xml	Edgar Link	unprocessable
epm-20130331_def.xml	Edgar Link	unprocessable
epm-20130331_lab.xml	Edgar Link	unprocessable
epm-20130331_pre.xml	Edgar Link	unprocessable
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R10.htm	Edgar Link	pending
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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

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$EPM
EVOLUTION PETROLEUM CORP Stock $epm

2013 Q2 Form 10-Q Financial Statement

#000110465913040297 Filed on May 10, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EPM EVOLUTION PETROLEUM CORP Stock $epm

2013 Q2 Form 10-Q Financial Statement

#000110465913040297 Filed on May 10, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EPM
EVOLUTION PETROLEUM CORP Stock $epm