$EPM
EVOLUTION PETROLEUM CORP

2023 Q3 Form 10-K Financial Statement

#000155837023015706 Filed on September 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $20.60M $18.17M $128.5M
YoY Change -48.23% -56.75% 17.98%
Cost Of Revenue $11.88M $11.82M $59.55M
YoY Change -37.84% -31.6% 22.38%
Gross Profit $8.718M $6.356M $68.97M
YoY Change -57.85% -74.31% 14.44%
Gross Profit Margin 42.32% 34.97% 53.67%
Selling, General & Admin $2.603M $2.263M $9.583M
YoY Change 5.3% 45.38% 40.2%
% of Gross Profit 29.86% 35.6% 13.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.262M $3.834M $14.27M
YoY Change 18.45% 7.57% 77.24%
% of Gross Profit 48.89% 60.32% 20.69%
Operating Expenses $6.865M $6.097M $23.86M
YoY Change 13.1% 19.06% 60.24%
Operating Profit $1.853M $259.0K $45.11M
YoY Change -87.32% -98.68% -0.59%
Interest Expense $32.00K $41.00K $458.0K
YoY Change -86.83% -102.95% -19.93%
% of Operating Profit 1.73% 15.83% 1.02%
Other Income/Expense, Net
YoY Change
Pretax Income $1.937M $300.0K $45.29M
YoY Change -85.93% -98.35% 10.08%
Income Tax $500.0K $134.0K $10.10M
% Of Pretax Income 25.81% 44.67% 22.3%
Net Earnings $1.474M $166.0K $35.22M
YoY Change -86.23% -98.88% 7.93%
Net Earnings / Revenue 7.15% 0.91% 27.4%
Basic Earnings Per Share $0.04 $1.05
Diluted Earnings Per Share $0.04 $0.01 $1.04
COMMON SHARES
Basic Shares Outstanding 33.24M 33.27M 32.99M
Diluted Shares Outstanding 32.98M 33.19M

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.413M $11.03M $11.03M
YoY Change -12.14% 33.26% 33.26%
Cash & Equivalents $9.413M $11.03M $11.03M
Short-Term Investments
Other Short-Term Assets $2.122M $1.912M $1.912M
YoY Change 9.55% -47.77% -47.77%
Inventory
Prepaid Expenses
Receivables $10.56M $7.884M $7.884M
Other Receivables $0.00 $365.0K $365.0K
Total Short-Term Assets $22.09M $21.20M $21.20M
YoY Change -30.63% -41.72% -41.72%
LONG-TERM ASSETS
Property, Plant & Equipment $103.8M $106.0M $106.0M
YoY Change -4.09% -4.11% -4.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.328M $1.341M $1.158M
YoY Change 14.58% 14.52% 0.7%
Total Long-Term Assets $105.1M $107.1M $107.1M
YoY Change -3.88% -4.08% -4.08%
TOTAL ASSETS
Total Short-Term Assets $22.09M $21.20M $21.20M
Total Long-Term Assets $105.1M $107.1M $107.1M
Total Assets $127.2M $128.3M $128.3M
YoY Change -9.92% -13.33% -13.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.117M $5.891M $5.891M
YoY Change -29.14% -61.07% -61.07%
Accrued Expenses $5.204M $6.027M $6.159M
YoY Change -51.35% -49.32% -52.5%
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 $13.07M $12.28M $12.28M
YoY Change -48.4% -59.44% -59.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $17.48M $17.14M $17.14M
YoY Change 23.29% 23.3% 23.3%
Total Long-Term Liabilities $17.48M $17.14M $17.14M
YoY Change -33.87% -51.24% -51.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.07M $12.28M $12.28M
Total Long-Term Liabilities $17.48M $17.14M $17.14M
Total Liabilities $37.28M $36.22M $36.22M
YoY Change -36.63% -50.06% -50.06%
SHAREHOLDERS EQUITY
Retained Earnings $49.42M $51.96M
YoY Change 25.02% 58.17%
Common Stock $33.00K $33.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.92M $92.09M $92.09M
YoY Change
Total Liabilities & Shareholders Equity $127.2M $128.3M $128.3M
YoY Change -9.92% -13.33% -13.33%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $1.474M $166.0K $35.22M
YoY Change -86.23% -98.88% 7.93%
Depreciation, Depletion And Amortization $4.262M $3.834M $14.27M
YoY Change 18.45% 7.57% 77.24%
Cash From Operating Activities $4.324M -$447.0K $51.27M
YoY Change -75.1% -101.88% -2.26%
INVESTING ACTIVITIES
Capital Expenditures $1.827M $2.727M $6.992M
YoY Change -197.23% -109.67% -112.74%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.827M -$2.727M -$6.992M
YoY Change -2.77% -89.8% -87.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.170M
YoY Change 10873.68%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.118M -4.179M -41.53M
YoY Change -68.45% 96.67% -866.73%
NET CHANGE
Cash From Operating Activities 4.324M -447.0K 51.27M
Cash From Investing Activities -1.827M -2.727M -6.992M
Cash From Financing Activities -4.118M -4.179M -41.53M
Net Change In Cash -1.621M -7.353M 2.754M
YoY Change -166.6% 44.49% -8.29%
FREE CASH FLOW
Cash From Operating Activities $4.324M -$447.0K $51.27M
Capital Expenditures $1.827M $2.727M $6.992M
Free Cash Flow $2.497M -$3.174M $44.28M
YoY Change -87.02% -106.11% -58.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2023Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent
CY2023Q2 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2022#OperatingLeaseLiabilityNoncurrent
CY2023Q2 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#DerivativeAssetsCurrent
CY2023Q2 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#DerivativeLiabilitiesCurrent
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001006655
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33470710
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33247523
CY2023 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0
CY2022Q2 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#DerivativeAssetsCurrent
CY2022Q2 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#DerivativeLiabilitiesCurrent
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent
CY2022Q2 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2022#OperatingLeaseLiabilityNoncurrent
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-32942
CY2023 dei Entity Registrant Name
EntityRegistrantName
EVOLUTION PETROLEUM CORP
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
41-1781991
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
1155 Dairy Ashford Road
CY2023 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 425
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77079
CY2023 dei City Area Code
CityAreaCode
713
CY2023 dei Local Phone Number
LocalPhoneNumber
935-0122
CY2023 dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value
CY2023 dei Trading Symbol
TradingSymbol
EPM
CY2023 dei Security Exchange Name
SecurityExchangeName
NYSEAMER
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Public Float
EntityPublicFloat
233400000
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33235723
CY2023 dei Auditor Firm
AuditorFirmId
659
CY2023 dei Auditor Name
AuditorName
Moss Adams LLP
CY2023 dei Auditor Location
AuditorLocation
Houston, Texas
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11034000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8280000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7884000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
24043000
CY2022Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
170000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2277000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3875000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
21195000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
36368000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
105781000
CY2022Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
110508000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1341000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1171000
CY2023Q2 us-gaap Assets
Assets
128317000
CY2022Q2 us-gaap Assets
Assets
148047000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5891000
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
15133000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6027000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11893000
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2164000
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
365000
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
1095000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
12283000
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
30285000
CY2022Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
21250000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6803000
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7099000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17012000
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
13899000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
125000
CY2023Q2 us-gaap Liabilities
Liabilities
36223000
CY2022Q2 us-gaap Liabilities
Liabilities
72533000
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33247523
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33470710
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
33000
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
33000
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
40098000
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42629000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
51963000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
32852000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
92094000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
75514000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
128317000
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
148047000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128514000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
108926000
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
59545000
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
48657000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14273000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8053000
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9583000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6835000
CY2023 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
83401000
CY2022 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
63545000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
45113000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
45381000
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
513000
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3763000
CY2023 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
121000
CY2022 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
95000
CY2023 us-gaap Interest Expense
InterestExpense
458000
CY2022 us-gaap Interest Expense
InterestExpense
572000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45289000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41141000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8513000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35217000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
32628000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32985000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32952000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33190000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33306000
CY2023 us-gaap Profit Loss
ProfitLoss
35217000
CY2022 us-gaap Profit Loss
ProfitLoss
32628000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14273000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8053000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1639000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
125000
CY2023 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
174000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-296000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1142000
CY2023 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
1994000
CY2022 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-1994000
CY2023 epm Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
919000
CY2022 epm Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
-919000
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4000
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-10000
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-18441000
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
11427000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
692000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
538000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-13489000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18516000
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-730000
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
1058000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51272000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52460000
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
31000
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
53342000
CY2023 epm Capital Expenditure Oil And Gas Property
CapitalExpenditureOilAndGasProperty
6961000
CY2022 epm Capital Expenditure Oil And Gas Property
CapitalExpenditureOilAndGasProperty
1531000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6992000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54873000
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16106000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11796000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4170000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
38000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
34000000
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
21250000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
16750000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41526000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5416000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2754000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3003000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8280000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5277000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11034000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8280000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
498000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
523000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11876000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6294000
CY2022 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3223000
CY2023 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
766000
CY2022 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
1094000
CY2023 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
2015000
CY2022 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
7807000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
54595000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
38000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
125000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
32628000
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
11796000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
75514000
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4170000
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1639000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35217000
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
16106000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
92094000
CY2023Q2 epm Number Of Wells With Overriding Royalty Interest
NumberOfWellsWithOverridingRoyaltyInterest
4
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates. </span>  The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities, if any, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the respective 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) fair values of derivative contract assets and liabilities, (e) income taxes and the valuation of deferred income tax assets, (f) commitments and contingencies, and (g) accruals of crude oil, natural gas, and natural gas liquids (“NGL”) revenues and expenses. The Company analyzes estimates and judgements based on historical experience and various other assumptions and information that are believed to be reasonable. Estimates and assumptions about future events and their effects cannot be predicted with certainty and, accordingly, these estimates may change as additional information is obtained, as new events occur, and as the Company’s environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company’s consolidated financial statements.</p>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Concentrations of Credit Risk.</span> The Company’s primary concentrations of credit risk are the risks of uncollectible accounts receivable, and to a lesser extent, the non-performance by counterparties under the Company’s derivative contracts, and cash and cash equivalent balances in excess of limits federally insured by the Federal Deposit Insurance Corporation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Substantially all of the Company’s accounts receivable as of June 30, 2023 and 2022 are from crude oil, natural gas, and NGL sales to third-party purchasers in the oil and natural gas industry. The Company holds working interests in crude oil and natural gas properties for which a third-party serves as operator. As a non-operator, the Company primarily markets its production through its field operators, except at the Jonah Field, where the Company takes its natural gas and NGL production in-kind. As a non-operator, the Company is highly dependent on the success of its third-party operators and the decisions made in connection with their operations. With the exception of the Jonah Field, the third-party operator sells the crude oil, natural gas, and NGLs to the purchaser, collects the cash, and distributes the cash to the Company. In the year ended June 30, 2023, approximately 83% of the Company’s total revenues were realized from the Jonah Field, Barnett Shale and Delhi Field combined. Diversified, the Company’s largest operator at Barnett, remitted approximately 26% of total revenue proceeds to the Company and at Delhi Field, Denbury, the operator of the Field, remitted approximately 22% of total revenue proceeds to the Company. At Jonah Field, where the Company takes its natural gas and NGL production in-kind, during the current year, the Company sold approximately 17% of its total revenues to Conoco Phillips. In the year ended June 30, 2022, three operators each distributed over 10% of the Company’s crude oil, natural gas and NGL revenues making up approximately 83% of total revenues for the year, respectively. The majority of the Company’s crude oil, natural gas, and NGL production is sold to purchasers under short-term (less than 12 months) contracts at market-based prices. </p>
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128514000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
108926000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
197049000
CY2022Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
188634000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
91268000
CY2022Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
78126000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
105781000
CY2022Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
110508000
CY2023 us-gaap Depletion
Depletion
13100000
CY2022 us-gaap Depletion
Depletion
7500000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6200000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2600000
CY2023 epm Proceed Of Net Revenue From Assets Under Acquisitions
ProceedOfNetRevenueFromAssetsUnderAcquisitions
900000
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2016Q2 epm Debt Instrument Covenant Minimum Current Ratio
DebtInstrumentCovenantMinimumCurrentRatio
1.00
CY2022Q1 epm Percentage Of Production Hedged
PercentageOfProductionHedged
0.25
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8513000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
400000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9600000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6309000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
768000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1062000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10368000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7371000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-457000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
913000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
161000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
229000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-296000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1142000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8513000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10100000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8500000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9511000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8640000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-78000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.002
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-190000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.005
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
734000
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.016
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1020000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-96000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.002
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-3000
CY2022 epm Effective Income Tax Rate Reconciliation Federal Expiration Of Section382 Nol Amount
EffectiveIncomeTaxRateReconciliationFederalExpirationOfSection382NOLAmount
-623000
CY2022 epm Effective Income Tax Rate Reconciliationat Federal Expiration Of Section382 Nol Percent
EffectiveIncomeTaxRateReconciliationatFederalExpirationOfSection382NOLPercent
-0.015
CY2022 epm Effective Income Tax Rate Reconciliation Federal Enhanced Oil Recovery Credit
EffectiveIncomeTaxRateReconciliationFederalEnhancedOilRecoveryCredit
377000
CY2022 epm Effective Income Tax Rate Reconciliation Federal Enhanced Oil Recovery Credits
EffectiveIncomeTaxRateReconciliationFederalEnhancedOilRecoveryCredits
-0.009
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
46000
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-600000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
250000
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
106000
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8000
CY2022Q2 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
427000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
3883000
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
3128000
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
201000
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
238000
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4334000
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3907000
CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
11137000
CY2022Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
11006000
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11137000
CY2022Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11006000
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6803000
CY2022Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7099000
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
0
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1481000
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1769000
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1994000
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1994000
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
513000
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3763000
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
136000
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
17000
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
170000
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
2164000
CY2022Q2 epm Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
170000
CY2022Q2 epm Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
170000
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1994000
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
170000
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
2164000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
13921000
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5583000
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
57000
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
219000
CY2022 epm Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
5400000
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1131000
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
531000
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2094000
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2205000
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17067000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
13921000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
22000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17012000
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
13899000
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33247523
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
102400000
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16100000
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
11800000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.120
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.100
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.120
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.100
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.120
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.120
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
673000
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7000
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.20
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.09
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4170000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
38000
CY2023 epm Share Based Payment Arrangement Expense Reduction
ShareBasedPaymentArrangementExpenseReduction
1200000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.647
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
595414
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.48
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
1400000
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
1500000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35217000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
32628000
CY2023 epm Distributed And Undistributed Earnings Loss Allocated To Participating Securities
DistributedAndUndistributedEarningsLossAllocatedToParticipatingSecurities
560000
CY2022 epm Distributed And Undistributed Earnings Loss Allocated To Participating Securities
DistributedAndUndistributedEarningsLossAllocatedToParticipatingSecurities
673000
CY2023 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
34657000
CY2022 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
31955000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32985000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32952000
CY2023 epm Incremental Common Shares Attributable To Dilutive Effect Of Unvested Restricted Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfUnvestedRestrictedStock
193000
CY2022 epm Incremental Common Shares Attributable To Dilutive Effect Of Unvested Restricted Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfUnvestedRestrictedStock
354000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33190000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33306000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
CY2023 epm Lessee Finance Lease Or Short Term Lease Number Of Contracts
LesseeFinanceLeaseOrShortTermLeaseNumberOfContracts
0
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
58000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
52000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
33000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
38000
CY2023 us-gaap Lease Cost
LeaseCost
91000
CY2022 us-gaap Lease Cost
LeaseCost
90000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
62000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
62000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
212000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M4D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y5M1D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0644
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0515
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
59000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
125000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
61000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
62000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
64000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
203000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
184000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
59000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
125000
CY2022Q2 epm Acquisition Settlement Proceeds Receivable Current
AcquisitionSettlementProceedsReceivableCurrent
2263000
CY2023Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
18000
CY2022Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
37000
CY2023Q2 us-gaap Prepaid Insurance
PrepaidInsurance
727000
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
743000
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
805000
CY2022Q2 us-gaap Prepaid Taxes
PrepaidTaxes
8000
CY2023Q2 epm Prepaid Subscription And Licenses
PrepaidSubscriptionAndLicenses
68000
CY2022Q2 epm Prepaid Subscription And Licenses
PrepaidSubscriptionAndLicenses
38000
CY2023Q2 epm Carryback Of Eor Tax Credit
CarrybackOfEorTaxCredit
347000
CY2022Q2 epm Carryback Of Eor Tax Credit
CarrybackOfEorTaxCredit
347000
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
312000
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
439000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2277000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3875000
CY2023Q2 epm Acquisition Deposit
AcquisitionDeposit
1158000
CY2022Q2 epm Acquisition Deposit
AcquisitionDeposit
1150000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21000
CY2023Q2 us-gaap Other Assets
OtherAssets
1341000
CY2022Q2 us-gaap Other Assets
OtherAssets
1171000
CY2023Q2 epm Accrued Payables
AccruedPayables
3566000
CY2022Q2 epm Accrued Payables
AccruedPayables
8070000
CY2023Q2 epm Accrued Capital Expenditures
AccruedCapitalExpenditures
167000
CY2023Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
941000
CY2022Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
626000
CY2023Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
977000
CY2022Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1517000
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
178000
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
178000
CY2023Q2 epm Accrued Severance Cost
AccruedSeveranceCost
81000
CY2022Q2 epm Accrued Severance Cost
AccruedSeveranceCost
332000
CY2022Q2 epm Accrued Derivative Liability Current
AccruedDerivativeLiabilityCurrent
919000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
59000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
22000
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
203000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6027000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11893000

Files In Submission

Name View Source Status
0001558370-23-015706-index-headers.html Edgar Link pending
0001558370-23-015706-index.html Edgar Link pending
0001558370-23-015706.txt Edgar Link pending
0001558370-23-015706-xbrl.zip Edgar Link pending
epm-20230630.xsd Edgar Link pending
epm-20230630x10k.htm Edgar Link pending
epm-20230630x10k001.jpg Edgar Link pending
epm-20230630x10k003.jpg Edgar Link pending
epm-20230630xex21d1.htm Edgar Link pending
epm-20230630xex23d1.htm Edgar Link pending
epm-20230630xex23d2.htm Edgar Link pending
epm-20230630xex23d2001.jpg Edgar Link pending
epm-20230630xex23d3.htm Edgar Link pending
epm-20230630xex31d1.htm Edgar Link pending
epm-20230630xex31d2.htm Edgar Link pending
epm-20230630xex32d1.htm Edgar Link pending
epm-20230630xex32d2.htm Edgar Link pending
epm-20230630xex3d3.htm Edgar Link pending
epm-20230630xex4d42.htm Edgar Link pending
epm-20230630xex4d51.htm Edgar Link pending
epm-20230630xex97.htm Edgar Link pending
epm-20230630xex99d1.htm Edgar Link pending
epm-20230630xex99d1001.jpg Edgar Link pending
epm-20230630xex99d1002.jpg Edgar Link pending
epm-20230630xex99d1003.jpg Edgar Link pending
epm-20230630xex99d2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
epm-20230630_def.xml Edgar Link unprocessable
epm-20230630x10k_htm.xml Edgar Link completed
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
R64.htm Edgar Link pending
R65.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
epm-20230630_cal.xml Edgar Link unprocessable
epm-20230630_lab.xml Edgar Link unprocessable
epm-20230630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable