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Evolution Petroleum Corporation ( Evolution, and together with its consolidated subsidiaries, the Company , our , we, us or similar terms) is an independent energy company focused on maximizing total returns to its shareholders through the ownership of and investment in onshore oil and natural gas properties in the United States. Our long-term goal is to maximize total shareholder return from a…
Operating margin is thin at 4.86%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 0.0% YoY. Margins deteriorated 4.3pp alongside, both lines moving the wrong way.
ROIC dropped from 7.48% to 4.93%, capital efficiency is deteriorating. Operating margin contracted 4.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$83M
Net Income (TTM)
-$4M
▼ -63.9% YoY
Op. Margin
1.63%
▼ -4.3pp YoY
ROIC
1.60%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$27M
▲ +45.4% YoY
Op. Cash Flow (TTM)
$27M
▲ +45.4% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$3M
5Y CAGR: +23.7%
5Y CAGR: +21.7%
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