Evolution Petroleum Reports Fourth Quarter and Fiscal 2021 Results and Increases Quarterly Dividend pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
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Increases Next Dividend Payment by 67%
HOUSTON, TX / ACCESSWIRE / May 10, 2021 / Evolution Petroleum (NYSE American:EPM) ( Evolution or the Company ) announced today financial results and operating highlights for its fiscal third quarter ended March 31, 2021 (the current quarter ).
Highlights for the Quarter:
Declared a $0.05 per share dividend for the 4
th fiscal quarter payable on June 30, 2021, representing a 67% increase from the prior quarter.
Closed on substantially all of the previously announced acquisition of non-operated oil and gas assets in the Barnett Shale for $18.2 million, net of preliminary purchase price adjustments, on May 7, 2021.
Increased total revenues 32% over the prior quarter to $7.6 million.
Generated cash flow in excess of quarterly dividend and ended the quarter with $17.0 million in cash and no debt, net of the $2.3 million acquisition purchase price deposit.
Evolution Petroleum Announces Results for the Fiscal 2021 Second Quarter Ended December 31, 2020 and Declares Quarterly Common Stock Dividend tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.