The following is a summary of the Evolution Petroleum Corporation (EPM) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Evolution Petroleum Corporation reported fiscal Q4 revenues of $21.2 million, an increase of 17% year-over-year.

• Net income for the quarter increased to $1.2 million.

• Adjusted EBITDA for the quarter was $8 million, reflecting a 12% increase largely due to higher liquid revenues and reduced operating expenses.

Business Progress:

• Added over 300 drilling locations in SCOOP/STACK and 80+ in Chaveroo, along with initiating developments in Test Site V at Delhi with ExxonMobil.

• Participated in 22 wells in SCOOP/STACK, with many performing above expectations.

• Drilled three horizontal San Andres wells in Chaveroo with early results exceeding estimates.

• Certified Delhi site for carbon capture, utilization, and storage for enhanced oil recovery.

• Fiscal year liquid production was very strong, significantly bolstering the company's cash flow.

Opportunities:

• With the addition of highly economic locations in SCOOP/STACK and Chaveroo, the company is positioned to extend the longevity and profitability of its operations.

• The certification of the Delhi site for carbon capture may create future benefits.

• Continued focus on operational efficiency and strategic investments are set to sustain and potentially increase shareholder dividends.

Risks:

• Future growth and sustained dividends are contingent on adapting to fluctuating commodity prices and operational challenges such as those faced in the Delhi CO2 recycling issue.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.