Friday 6 November 2026
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Evolution Petroleum Corporation, Inc.
EPM Energy Oil & Gas E&P
Evolution Petroleum Corporation, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $86.3 million, up 0.59% from fiscal 2025.
- Revenue
- +14.7%
- EPS
- +30.0%
- Free cash flow
- +333.6%
- Total debt
- +50.7%
Quarter to June 2026, against a year earlier
3.50
0.04
+1.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 34 | 41 | 43 | 30 | 33 | 109 | 129 | 86 | 86 | 86 | +10.7% | 90 | 87 | 91 | +1.6% | |
| Gross margin, % | 68.58 | 71.34 | 67.00 | 54.37 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | +31.4 pt | ||||||
| EBT | 13 | 16 | 19 | 4 | (21) | 41 | 45 | 5 | 2 | (3) | n/m | ||||||
| EBT margin, % | 37.36 | 39.70 | 43.63 | 12.69 | (65.51) | 37.77 | 35.24 | 6.40 | 2.18 | (3.64) | (41.0) pt | ||||||
| Net income | 8 | 20 | 15 | 6 | (16) | 33 | 35 | 4 | 1 | (2) | n/m | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 1.04 | 1.23 | 1.30 | 0.90 | 1.00 | 3.31 | 3.90 | 2.63 | 2.59 | 2.52 | +10.3% | |||||
| Earnings | 0.21 | 0.59 | 0.46 | 0.18 | (0.49) | 0.97 | 1.05 | 0.12 | 0.04 | (0.08) | n/m | ||||||
| Cash flow | 0.50 | 0.62 | 0.73 | 0.38 | 0.14 | 1.59 | 1.55 | 0.70 | 1.00 | 0.69 | +3.6% | ||||||
| Capex | (0.31) | (0.11) | (0.20) | (0.33) | (0.57) | (1.67) | (0.21) | (1.52) | (0.65) | (0.79) | +11.1% | ||||||
| Free cash flow | 0.19 | 0.51 | 0.52 | 0.04 | (0.43) | (0.07) | 1.34 | (0.82) | 0.34 | (0.11) | n/m | ||||||
| Book value | 2.07 | 2.33 | 2.42 | 2.24 | 1.67 | 2.29 | 2.79 | 2.48 | 2.17 | 1.76 | (1.8%) | ||||||
| Shares, m | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 34 | +0.4% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 38.57 | 18.64 | 15.00 | 16.47 | 0.00 | 5.63 | 7.69 | 44.58 | 156.67 | 0.00 | 30.3 | |||||
| P/S | 7.76 | 8.94 | 5.41 | 3.12 | 4.97 | 1.65 | 2.07 | 2.04 | 1.82 | 1.46 | 3.9 | ||||||
| P/B | 3.91 | 4.71 | 2.92 | 1.25 | 2.97 | 2.38 | 2.89 | 2.16 | 2.17 | 2.09 | 2.7 | ||||||
| EV/Sales | 7.09 | 8.26 | 4.68 | 2.46 | 4.93 | 1.77 | 1.99 | 2.42 | 2.22 | 2.04 | 3.8 | ||||||
| EV/FCF | 38.82 | 20.00 | 11.69 | 54.65 | (11.48) | (79.94) | 5.77 | (7.73) | 16.73 | (48.24) | 0.0 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 16 | 21 | 24 | 12 | 5 | 52 | 51 | 23 | 33 | 24 | +4.0% | |||||
| Capex | (10) | (4) | (7) | (11) | (19) | (55) | (7) | (50) | (22) | (27) | +11.5% | ||||||
| Free cash flow | 6 | 17 | 17 | 1 | (14) | (2) | 44 | (27) | 11 | (4) | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 23 | 28 | 32 | 21 | 12 | 6 | 9 | 6 | (4) | (2) | n/m | |||||
| Net debt | (23) | (28) | (32) | (20) | (1) | 13 | (11) | 33 | 35 | 50 | n/m | ||||||
| Shareholders’ equity | 68 | 77 | 80 | 74 | 55 | 76 | 92 | 81 | 72 | 60 | (1.4%) | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 7.31 | 21.57 | 16.24 | 6.32 | (19.55) | 29.03 | 25.49 | 2.80 | 0.91 | (1.48) | (8.8) pt | |||||
| ROIC | 17.72 | 20.42 | 22.69 | 4.23 | (24.32) | 32.05 | 34.73 | 4.33 | 2.44 | 1.96 | (15.8) pt | ||||||
| ROE | 9.38 | 26.92 | 19.54 | 7.70 | (25.64) | 50.15 | 42.02 | 4.71 | 1.93 | (3.67) | (13.0) pt | ||||||
| People | |||||||||||||||||
| People | Employees | 5 | 4 | 4 | 4 | 5 | 8 | 11 | 11 | 11 | 11 | +9.2% | |||||
| Revenue/emp, $m | 6.90 | 10.19 | 10.81 | 7.40 | 6.54 | 13.62 | 11.68 | 7.81 | 7.80 | 7.85 | +1.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Evolution Petroleum Corporation, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| KGEI Kolibri Global Energy Inc. | $194.1M | 10.1× | — | +102.85% (above 0%: growing) | +200.00% (above 0%: growing) | +35.23% (above 0%: growing) | 85.02% | 51.30% | Compare |
| PED Pedevco Corp. | $192.2M | — (loss-making) | — (loss-making) | +561.40% (above 0%: growing) | n/m | +835.64% (above 0%: growing) | 100.00% | 33.31% | Compare |
| EPSN Epsilon Energy Ltd. | $158.1M | — (loss-making) | 17.8× | +57.09% (above 0%: growing) | +242.86% (above 0%: growing) | +123.78% (above 0%: growing) | 97.22% | 45.88% | Compare |
| SJT San Juan Basin Royalty Trust | $140.8M | — (loss-making) | 16.8× | −93.33% (below 0%: shrinking) | n/m | — | 100.00% | (97,000.00%) | Compare |
| EPM Evolution Petroleum Corporation, Inc. | $140.6M | — (loss-making) | 98.3× | +14.69% (above 0%: growing) | +30.00% (above 0%: growing) | +333.62% (above 0%: growing) | 100.00% | 14.31% | |
| AMPY Amplify Energy Corp. | $131.8M | 7.1× | — (loss-making) | −22.93% (below 0%: shrinking) | +166.67% (above 0%: growing) | −738.77% (below 0%: shrinking) | 56.96% | 44.12% | Compare |
| ANNA AleAnna Inc. | $130.5M | 10.5× | — | +153.45% (above 0%: growing) | +500.00% (above 0%: growing) | +143.82% (above 0%: growing) | 85.64% | 18.73% | Compare |
| GLND Greenland Energy Company | $93.6M | — | — | — | n/m | — | — | 0.00% | Compare |
| EP Empire Petroleum Corporation | $83.6M | — (loss-making) | — | +8.58% (above 0%: growing) | n/m | −43.32% (below 0%: shrinking) | 47.01% | (16.22%) | Compare |
| Median of peers | $136.3M | 10.1× | — | +57.09% | +221.43% | +79.51% | 85.64% | 26.02% |
Pay and ownership Proxy statement filed 22 October 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 973.47k | 768.30k | 60.87 |
| 2025 | 1.32m | 1.26m | 109.35 |
| 2024 | 1.08m | 610.20k | 130.66 |
Ownership
Directors and executive officers, together
9.80%
BlackRock Inc.
5.90%
WealthTrust Axiom LLC
5.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement