Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
HOUSTON - Evolution Petroleum Corporation (NYSE American:EPM) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.12 per share for the first quarter of fiscal 2026.
The dividend will be payable on September 30, 2025, to stockholders of record as of September 22, 2025, according to a company press release.
Evolution Petroleum is an independent energy company that focuses on maximizing shareholder returns through ownership and investment in onshore oil and natural gas properties across the United States.
The company’s strategy involves building and maintaining a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts.
The quarterly dividend announcement represents part of the company’s ongoing commitment to providing returns to its shareholders.
In other recent news, Evolution Petroleum Corporation announced a significant financial recovery following an audit of its Barnett Shale properties. The company identified approximately $1.8 million in overcharges during a joint interest audit conducted by Diversified Energy Company, the largest operator of Evolution’s Barnett Shale properties. The audit reviewed expenses from September 2021 through December 2023. This recovered amount will be recognized as a reduction in lease operating expenses and accounts payable in Evolution Petroleum’s fiscal fourth quarter and full-year 2025 financial results. These developments are crucial for investors as they directly impact the company’s financial statements. The recovery is expected to improve the company’s financial position by reducing operational costs. Evolution Petroleum’s management has not provided further comments on the audit findings.
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