10-K Filing

EVOLUTION PETROLEUM CORP CIK: 1006655 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001006655-19-000033`
Period End Date	20190630
Filing Date	20190913
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	epm-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 72 Cash Flow Statement 48 Stockholders Equity 14

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.55M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	33.18M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	33.08M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	33.18M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.75M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	33.08M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$3.94M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$3.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$524.51K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$458.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.18M	USD	Point-in-time
Oil and natural gas propertiesfull-cost method of accounting, of which none were excluded from amortization	`OilAndGasPropertyFullCostMethodNet`	$61.24M	USD	Point-in-time
Oil and natural gas propertiesfull-cost method of accounting, of which none were excluded from amortization	`OilAndGasPropertyFullCostMethodNet`	$60.35M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$30.41K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$26.42K	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$61.27M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.37M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$244.84K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$210.03K	USD	Point-in-time
Total assets	`Assets`	$95.76M	USD	Point-in-time
Total assets	`Assets`	$93.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.43M	USD	Point-in-time
Accrued liabilities and other	`OtherLiabilitiesCurrent`	$874.89K	USD	Point-in-time
Accrued liabilities and other	`OtherLiabilitiesCurrent`	$537.75K	USD	Point-in-time
State and federal taxes payable	`TaxesPayableCurrent`	$130.80K	USD	Point-in-time
State and federal taxes payable	`TaxesPayableCurrent`	$122.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.43M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$10.56M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$11.32M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.56M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.64M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,183,730 and 33,080,543 shares as of June 30, 2019 and 2018, respectively	`CommonStockValue`	$33.08K	USD	Point-in-time
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,183,730 and 33,080,543 shares as of June 30, 2019 and 2018, respectively	`CommonStockValue`	$33.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$41.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$77.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$80.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$68.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$93.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$95.76M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock-based compensation expense	`ShareBasedCompensation`	$1.37M	USD	Annual
Non-cash stock-based compensation expense	`ShareBasedCompensation`	$888.16K	USD	Annual
Total revenues	`Revenues`	$43.23M	USD	Annual
Total revenues	`Revenues`	$10.25M	USD	1 Quarter
Total revenues	`Revenues`	$12.31M	USD	1 Quarter
Total revenues	`Revenues`	$8.54M	USD	1 Quarter
Total revenues	`Revenues`	$40.77M	USD	Annual
Total revenues	`Revenues`	$9.50M	USD	1 Quarter
Total revenues	`Revenues`	$11.07M	USD	1 Quarter
Total revenues	`Revenues`	$11.43M	USD	1 Quarter
Total revenues	`Revenues`	$11.05M	USD	1 Quarter
Total revenues	`Revenues`	$10.37M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.25M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.07M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.77M	USD	Annual
Total operating costs	`OperatingExpenses`	$25.59M	USD	Annual
Total operating costs	`OperatingExpenses`	$24.56M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.83M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.73M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.54M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.96M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.64M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$16.21M	USD	Annual
Enduro transaction breakup fee	`AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee`	-	USD	Annual
Enduro transaction breakup fee	`AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee`	$1.10M	USD	Annual
Interest and other income	`InvestmentIncomeInterestandOther`	$85.65K	USD	Annual
Interest and other income	`InvestmentIncomeInterestandOther`	$239.15K	USD	Annual
Interest (expense)	`InterestExpense`	$116.55K	USD	Annual
Interest (expense)	`InterestExpense`	$110.78K	USD	Annual
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.19M	USD	Annual
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.86M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$3.48M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-3.43M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.14M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.07M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.80M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.62M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.53M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.28M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.40M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.90M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.88M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.38M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.16M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.13M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.17M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.18M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to the Company	`NetIncomeLoss`	$19.62M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$15.38M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$6.27M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$6.16M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.37M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$888.16K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.27M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$767.26K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$-773.80K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$1.22M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-66.23K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$136.84K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-90.89K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-107.08K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$122.76K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$8.04K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.06M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.54M	USD	Annual
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$6.75M	USD	Annual
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$3.69M	USD	Annual
Capital expenditures for other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$7.85K	USD	Annual
Capital expenditures for other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$11.51K	USD	Annual
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$19.28K	USD	Annual
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.76M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.72M	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`PaymentsForRepurchaseOfCommonStock`	$571.08K	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`PaymentsForRepurchaseOfCommonStock`	$156.79K	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$11.59M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$59.40M	USD	22 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$13.27M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.17M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.43M	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.87M	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.65M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.55M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.55M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Restricted cash included in current assets	`RestrictedCash`	-	USD	Point-in-time
Restricted cash included in current assets	`RestrictedCash`	$2.75M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.55M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.68M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.03M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$77.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$80.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.47M	USD	Point-in-time
Common share repurchases, including shares surrendered for tax withholding	`TreasuryStockValueAcquiredCostMethod`	$571.08K	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`TreasuryStockValueAcquiredCostMethod`	$156.79K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$888.16K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.37M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$19.62M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$15.38M	USD	Annual
Common stock cash dividends	`DividendsCommonStock`	$13.27M	USD	Annual
Common stock cash dividends	`DividendsCommonStock`	$11.59M	USD	Annual
Balance	`StockholdersEquity`	$77.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$80.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.47M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.