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. In the quarter to June 2026, revenue grew 14.7%, EPS grew 30.0%, free cash flow grew 333.6% and total debt rose 50.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Evolution Petroleum Corporation, Inc. (EPM) Piotroski F-score
Evolution Petroleum Corporation, Inc.'s Piotroski F-score for fiscal 2026 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 3 | (1.00) |
| FY2025 | 4 | 0.00 |
| FY2024 | 4 | (1.00) |
| FY2023 | 5 | 0.00 |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | 1.00 |
| FY2020 | 4 | (2.00) |
| FY2019 | 6 | (1.00) |
| FY2018 | 7 | 0.00 |
| FY2017 | 7 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.48%) | 0.91% | Fail | 0 |
| Positive operating cash flow | 23.52m | 33.05m | Pass | 1 |
| Rising return on assets | (1.48%) | 0.91% | Fail | 0 |
| Cash flow above net income | 25.95m | 31.58m | Pass | 1 |
| Falling long-term leverage | 0.34 | 0.23 | Fail | 0 |
| Rising current ratio | 0.92 | 0.81 | Pass | 1 |
| No new shares issued | 34,251,000 | 33,158,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.52 | 0.53 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| AMPY Amplify Energy Corp. compare | 6 |
| KGEI Kolibri Global Energy Inc. compare | 4 |
| EPSN Epsilon Energy Ltd. compare | 4 |
| EPM Evolution Petroleum Corporation, Inc. | 3 |
| PED Pedevco Corp. compare | 2 |
| EP Empire Petroleum Corporation compare | 1 |
| SJT San Juan Basin Royalty Trust compare | — |
| GLND Greenland Energy Company compare | — |
| ANNA AleAnna Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover