Recap: Evolution Petroleum Q3 Earnings

Evolution Petroleum EPM reported its Q3 earnings results on Tuesday, May 9, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Evolution Petroleum beat estimated earnings by 162.5%, reporting an EPS of $0.42 versus an estimate of $0.16.

Revenue was up $11.18 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 1.96% increase in the share price the next day.

Here's a look at Evolution Petroleum's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.25	0.38	0.41	0.23
EPS Actual	0.28	0.32	0.44	0.17
Revenue Estimate	33.03M	37.12M	38.14M	25.10M
Revenue Actual	33.68M	39.80M	42.02M	25.69M

To track all earnings releases for Evolution Petroleum visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.