$EPM
EVOLUTION PETROLEUM CORP

2024 Q3 Form 10-K Financial Statement

#000155837024012740 Filed on September 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $21.90M $21.23M $85.88M
YoY Change 6.29% 16.8% -33.18%
Cost Of Revenue $11.79M $11.41M $48.27M
YoY Change -0.78% -3.47% -18.93%
Gross Profit $10.11M $9.819M $37.60M
YoY Change 15.92% 54.48% -45.48%
Gross Profit Margin 46.15% 46.26% 43.79%
Selling, General & Admin $2.527M $2.114M $9.636M
YoY Change -2.92% -6.58% 0.55%
% of Gross Profit 25.0% 21.53% 25.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.725M $5.302M $20.06M
YoY Change 34.33% 38.29% 40.56%
% of Gross Profit 56.65% 54.0% 53.35%
Operating Expenses $8.252M $7.416M $29.70M
YoY Change 20.2% 21.63% 24.49%
Operating Profit $1.854M $2.403M $7.906M
YoY Change 0.05% 827.8% -82.48%
Interest Expense $1.032M -$925.0K -$2.409M
YoY Change 3125.0% -2356.1% -625.98%
% of Operating Profit 55.66% -38.49% -30.47%
Other Income/Expense, Net
YoY Change
Pretax Income $2.886M $1.478M $5.497M
YoY Change 48.99% 392.67% -87.86%
Income Tax $800.0K $243.0K $1.417M
% Of Pretax Income 27.72% 16.44% 25.78%
Net Earnings $2.065M $1.210M $4.080M
YoY Change 40.09% 628.92% -88.41%
Net Earnings / Revenue 9.43% 5.7% 4.75%
Basic Earnings Per Share $0.06 $0.12
Diluted Earnings Per Share $0.06 $0.04 $0.12
COMMON SHARES
Basic Shares Outstanding 33.32M 33.36M 32.69M
Diluted Shares Outstanding 32.87M 32.90M

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.937M $6.446M $6.446M
YoY Change -26.3% -41.58% -41.58%
Cash & Equivalents $6.937M $6.446M $6.446M
Short-Term Investments
Other Short-Term Assets $3.160M $4.085M $4.085M
YoY Change 48.92% 113.65% 113.65%
Inventory
Prepaid Expenses
Receivables $10.80M $10.83M $10.83M
Other Receivables $91.00K $366.0K $366.0K
Total Short-Term Assets $20.99M $21.72M $21.72M
YoY Change -5.0% 2.49% 2.49%
LONG-TERM ASSETS
Property, Plant & Equipment $135.6M $139.8M $139.8M
YoY Change 30.66% 31.96% 31.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $202.0K $171.0K $171.0K
YoY Change
Other Assets $1.278M $1.298M $1.158M
YoY Change -3.77% -3.21% 0.0%
Total Long-Term Assets $137.0M $141.2M $141.2M
YoY Change 30.3% 31.77% 31.77%
TOTAL ASSETS
Total Short-Term Assets $20.99M $21.72M $21.72M
Total Long-Term Assets $137.0M $141.2M $141.2M
Total Assets $157.9M $162.9M $162.9M
YoY Change 24.17% 26.93% 26.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.538M $8.308M $8.308M
YoY Change 5.92% 41.03% 41.03%
Accrued Expenses $4.728M $6.239M $5.049M
YoY Change -9.15% 3.52% -18.02%
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 $12.44M $15.81M $15.81M
YoY Change -4.86% 28.74% 28.74%
LONG-TERM LIABILITIES
Long-Term Debt $39.50M $39.50M $39.50M
YoY Change
Other Long-Term Liabilities $19.95M $19.74M $19.74M
YoY Change 14.17% 15.16% 15.16%
Total Long-Term Liabilities $59.45M $59.24M $59.24M
YoY Change 240.19% 245.66% 245.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.44M $15.81M $15.81M
Total Long-Term Liabilities $59.45M $59.24M $59.24M
Total Liabilities $78.31M $81.75M $81.75M
YoY Change 110.08% 125.69% 125.69%
SHAREHOLDERS EQUITY
Retained Earnings $38.04M $40.00M
YoY Change -23.04% -23.02%
Common Stock $34.00K $33.00K
YoY Change 3.03% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $79.63M $81.13M $81.13M
YoY Change
Total Liabilities & Shareholders Equity $157.9M $162.9M $162.9M
YoY Change 24.17% 26.93% 26.93%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $2.065M $1.210M $4.080M
YoY Change 40.09% 628.92% -88.41%
Depreciation, Depletion And Amortization $5.725M $5.302M $20.06M
YoY Change 34.33% 38.29% 40.56%
Cash From Operating Activities $7.614M $7.987M $22.73M
YoY Change 76.09% -1886.8% -55.67%
INVESTING ACTIVITIES
Capital Expenditures $3.002M -$2.508M $49.63M
YoY Change 64.31% -191.97% 609.85%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.002M $2.508M -$49.63M
YoY Change 64.31% -191.97% 609.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.144M
YoY Change -72.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.121M -7.116M 22.32M
YoY Change 0.07% 70.28% -153.74%
NET CHANGE
Cash From Operating Activities 7.614M 7.987M 22.73M
Cash From Investing Activities -3.002M 2.508M -49.63M
Cash From Financing Activities -4.121M -7.116M 22.32M
Net Change In Cash 491.0K 3.379M -4.588M
YoY Change -130.29% -145.95% -266.59%
FREE CASH FLOW
Cash From Operating Activities $7.614M $7.987M $22.73M
Capital Expenditures $3.002M -$2.508M $49.63M
Free Cash Flow $4.612M $10.49M -$26.90M
YoY Change 84.7% -430.66% -160.76%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q2 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent
CY2024Q2 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2024Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024 dei Entity Central Index Key
EntityCentralIndexKey
0001006655
CY2024 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33247523
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33339535
CY2024 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0
CY2023Q2 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent
CY2023Q2 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2023Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2023Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024 dei Amendment Flag
AmendmentFlag
false
CY2024 dei Document Type
DocumentType
10-K
CY2024 dei Document Annual Report
DocumentAnnualReport
true
CY2024 dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
CY2024 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2024 dei Document Transition Report
DocumentTransitionReport
false
CY2024 dei Entity File Number
EntityFileNumber
001-32942
CY2024 dei Entity Registrant Name
EntityRegistrantName
EVOLUTION PETROLEUM CORP
CY2024 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2024 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
41-1781991
CY2024 dei Entity Address Address Line1
EntityAddressAddressLine1
1155 Dairy Ashford Road
CY2024 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 425
CY2024 dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
CY2024 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2024 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77079
CY2024 dei City Area Code
CityAreaCode
713
CY2024 dei Local Phone Number
LocalPhoneNumber
935-0122
CY2024 dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value
CY2024 dei Trading Symbol
TradingSymbol
EPM
CY2024 dei Security Exchange Name
SecurityExchangeName
NYSEAMER
CY2024 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2024 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2024 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024 dei Entity Small Business
EntitySmallBusiness
true
CY2024 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2024 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2024 dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Public Float
EntityPublicFloat
176200000
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33322760
CY2024 dei Auditor Firm
AuditorFirmId
659
CY2024 dei Auditor Name
AuditorName
Moss Adams LLP
CY2024 dei Auditor Location
AuditorLocation
Houston, Texas
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6446000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11034000
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10826000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7884000
CY2024Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
596000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3855000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2277000
CY2024Q2 us-gaap Assets Current
AssetsCurrent
21723000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
21195000
CY2024Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
139685000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
105781000
CY2024Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
171000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1298000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1341000
CY2024Q2 us-gaap Assets
Assets
162877000
CY2023Q2 us-gaap Assets
Assets
128317000
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
8308000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5891000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6239000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6027000
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1192000
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
74000
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
365000
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
15813000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
12283000
CY2024Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
39500000
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6702000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6803000
CY2024Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19209000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17012000
CY2024Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
468000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
125000
CY2024Q2 us-gaap Liabilities
Liabilities
81750000
CY2023Q2 us-gaap Liabilities
Liabilities
36223000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33339535
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33247523
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
33000
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
33000
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
41091000
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
40098000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
40003000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
51963000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
81127000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
92094000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
162877000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
128317000
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
85877000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128514000
CY2024 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
48273000
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
59545000
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20062000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14273000
CY2024 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9636000
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9583000
CY2024 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
77971000
CY2023 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
83401000
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
7906000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
45113000
CY2024 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1292000
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
513000
CY2024 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
342000
CY2023 epm Investment Income Interestand Other
InvestmentIncomeInterestandOther
121000
CY2024 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1459000
CY2023 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
458000
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5497000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45289000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1417000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2024 us-gaap Net Income Loss
NetIncomeLoss
4080000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35217000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32691000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32985000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32901000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33190000
CY2024 us-gaap Profit Loss
ProfitLoss
4080000
CY2023 us-gaap Profit Loss
ProfitLoss
35217000
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20062000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14273000
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
2137000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1639000
CY2024 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
20000
CY2023 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
174000
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-101000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-296000
CY2024 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-893000
CY2023 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
1994000
CY2024 epm Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
-67000
CY2023 epm Accrued Settlements On Derivative Contracts
AccruedSettlementsOnDerivativeContracts
919000
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4000
CY2024 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2910000
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-18441000
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1562000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
692000
CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
374000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-13489000
CY2024 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-291000
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-730000
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22729000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51272000
CY2024 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
38734000
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
31000
CY2024 epm Capital Expenditure Oil And Gas Property
CapitalExpenditureOilAndGasProperty
10899000
CY2023 epm Capital Expenditure Oil And Gas Property
CapitalExpenditureOilAndGasProperty
6961000
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49633000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6992000
CY2024 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16040000
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16106000
CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1144000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4170000
CY2024 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
42500000
CY2024 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
21250000
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22316000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41526000
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4588000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2754000
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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6446000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11034000
CY2024 us-gaap Interest Paid Net
InterestPaidNet
1331000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
498000
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2804000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11876000
CY2024 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
-1969000
CY2023 epm Increase Decreasein Accounts Payable Usedto Acquire Propertyand Equipment
IncreaseDecreaseinAccountsPayableUsedtoAcquirePropertyandEquipment
766000
CY2024 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
887000
CY2023 epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
2015000
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
CY2024 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1144000
CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2137000
CY2024 us-gaap Net Income Loss
NetIncomeLoss
4080000
CY2024 us-gaap Dividends Common Stock
DividendsCommonStock
16040000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
81127000
CY2024Q2 epm Number Of Wells With Overriding Royalty Interest
NumberOfWellsWithOverridingRoyaltyInterest
4
CY2024 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 judgments 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>
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2024 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, 2024 and 2023 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, 2024, four individual purchasers, Denbury, Diversified, Foundation, and Merit, each accounted for more than 10% of the Company’s total revenues, collectively representing approximately 69% of the Company’s total revenues for the year. In the year ended June 30, 2023, three individual purchasers, Diversified, Denbury, and Conoco Phillips, each accounted for more than 10% of the Company’s total revenues, collectively representing approximately 65% of the Company’s total revenues for the year. 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>
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
85877000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128514000
CY2024 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2024Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
249559000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
197049000
CY2024Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
109874000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
91268000
CY2024Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
139685000
CY2023Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
105781000
CY2024 us-gaap Depletion
Depletion
18600000
CY2023 us-gaap Depletion
Depletion
13100000
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12300000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6200000
CY2024 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2023 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
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
898000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9600000
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
620000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
768000
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1518000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10368000
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-59000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-457000
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-42000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
161000
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-101000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-296000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1417000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1400000
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.258
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10100000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1154000
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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
CY2024 epm Return To Provision Adjustments
ReturnToProvisionAdjustments
-3000
CY2024 epm Return To Provision Adjustments Percent
ReturnToProvisionAdjustmentsPercent
-0.001
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-114000
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.021
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
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
458000
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.084
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
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-80000
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.015
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
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1417000
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.258
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10072000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
381000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
250000
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
313000
CY2024Q2 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
192000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
4427000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
3883000
CY2024Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
197000
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
201000
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5510000
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4334000
CY2024Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
12072000
CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
11137000
CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
12072000
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11137000
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
140000
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6702000
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6803000
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8900000
CY2024 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-399000
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1481000
CY2024 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-893000
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1994000
CY2024 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1292000
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
513000
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
767000
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
0
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1660000
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
0
CY2024Q2 epm Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
497000
CY2023Q2 epm Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets
DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets
0
CY2024Q2 epm Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
497000
CY2023Q2 epm Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities
DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities
0
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
270000
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1163000
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
767000
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1660000
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17067000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
13921000
CY2024 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
28000
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
57000
CY2024 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
39000
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
136000
CY2024 epm Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
90000
CY2024 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1457000
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1131000
CY2024 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
808000
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2094000
CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19411000
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17067000
CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
202000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55000
CY2024Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19209000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17012000
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33339535
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118400000
CY2024 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16000000.0
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16100000
CY2024 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
202000
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
673000
CY2024 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.66
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.20
CY2024 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1144000
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4170000
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.58
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.52
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0487
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0391
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0451
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y9M7D
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.550
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.565
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.709
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.074
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
628511
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.31
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
1600000
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
1400000
CY2024 us-gaap Net Income Loss
NetIncomeLoss
4080000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35217000
CY2024 epm Distributed And Undistributed Earnings Loss Allocated To Participating Securities
DistributedAndUndistributedEarningsLossAllocatedToParticipatingSecurities
83000
CY2023 epm Distributed And Undistributed Earnings Loss Allocated To Participating Securities
DistributedAndUndistributedEarningsLossAllocatedToParticipatingSecurities
560000
CY2024 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
3997000
CY2023 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
34657000
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32691000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32985000
CY2024 epm Incremental Common Shares Attributable To Dilutive Effect Of Unvested Restricted Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfUnvestedRestrictedStock
183000
CY2023 epm Incremental Common Shares Attributable To Dilutive Effect Of Unvested Restricted Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfUnvestedRestrictedStock
193000
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32901000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33190000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2024Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
19000
CY2023Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
18000
CY2024Q2 us-gaap Prepaid Insurance
PrepaidInsurance
734000
CY2023Q2 us-gaap Prepaid Insurance
PrepaidInsurance
727000
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
1798000
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
805000
CY2024Q2 epm Carryback Of Eor Tax Credit
CarrybackOfEorTaxCredit
347000
CY2023Q2 epm Carryback Of Eor Tax Credit
CarrybackOfEorTaxCredit
347000
CY2024Q2 epm Advances To Operators
AdvancesToOperators
608000
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
349000
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
380000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3855000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2277000
CY2024Q2 epm Acquisition Deposit
AcquisitionDeposit
1158000
CY2023Q2 epm Acquisition Deposit
AcquisitionDeposit
1158000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
140000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183000
CY2024Q2 us-gaap Other Assets
OtherAssets
1298000
CY2023Q2 us-gaap Other Assets
OtherAssets
1341000
CY2024Q2 epm Accrued Payables
AccruedPayables
2570000
CY2023Q2 epm Accrued Payables
AccruedPayables
3005000
CY2024Q2 epm Accrued Capital Expenditures
AccruedCapitalExpenditures
860000
CY2023Q2 epm Accrued Capital Expenditures
AccruedCapitalExpenditures
167000
CY2024Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
945000
CY2023Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
941000
CY2024Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
307000
CY2023Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
977000
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1062000
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
739000
CY2023Q2 epm Accrued Severance Cost
AccruedSeveranceCost
81000
CY2024Q2 epm Accrued Derivative Liability Current
AccruedDerivativeLiabilityCurrent
67000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
98000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
59000
CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
202000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
55000
CY2024Q2 epm Interest Payable And Other Accrued Liabilities Current
InterestPayableAndOtherAccruedLiabilitiesCurrent
128000
CY2023Q2 epm Interest Payable And Other Accrued Liabilities Current
InterestPayableAndOtherAccruedLiabilitiesCurrent
3000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6239000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6027000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001558370-24-012740-index-headers.html Edgar Link pending
0001558370-24-012740-index.html Edgar Link pending
0001558370-24-012740.txt Edgar Link pending
0001558370-24-012740-xbrl.zip Edgar Link pending
epm-20240630.xsd Edgar Link pending
epm-20240630x10k.htm Edgar Link pending
epm-20240630x10k001.jpg Edgar Link pending
epm-20240630x10k003.jpg Edgar Link pending
epm-20240630xex21d1.htm Edgar Link pending
epm-20240630xex23d1.htm Edgar Link pending
epm-20240630xex23d2.htm Edgar Link pending
epm-20240630xex23d2001.jpg Edgar Link pending
epm-20240630xex23d3.htm Edgar Link pending
epm-20240630xex23d4.htm Edgar Link pending
epm-20240630xex23d4001.jpg Edgar Link pending
epm-20240630xex31d1.htm Edgar Link pending
epm-20240630xex31d2.htm Edgar Link pending
epm-20240630xex32d1.htm Edgar Link pending
epm-20240630xex32d2.htm Edgar Link pending
epm-20240630xex99d1.htm Edgar Link pending
epm-20240630xex99d1001.jpg Edgar Link pending
epm-20240630xex99d1002.jpg Edgar Link pending
epm-20240630xex99d1003.jpg Edgar Link pending
epm-20240630xex99d1004.jpg Edgar Link pending
epm-20240630xex99d2.htm Edgar Link pending
epm-20240630xex99d3.htm Edgar Link pending
epm-20240630x10k_htm.xml Edgar Link completed
epm-20240630xex99d3001.jpg Edgar Link pending
epm-20240630xex99d3002.jpg 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
epm-20240630_cal.xml Edgar Link unprocessable
epm-20240630_def.xml Edgar Link unprocessable
epm-20240630_lab.xml Edgar Link unprocessable
epm-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
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