Evolution Petroleum Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 06, 2024 at 04:16 pm EST
Evolution Petroleum Corporation reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 21.02 million compared to USD 33.68 million a year ago. Net income was USD 1.08 million compared to USD 10.39 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.31 a year ago.
For the six months, revenue was USD 41.63 million compared to USD 73.47 million a year ago. Net income was USD 2.56 million compared to USD 21.09 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.62 a year ago.