10-K Filing

EVOLUTION PETROLEUM CORP CIK: 1006655 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001006655-20-000015`
Period End Date	20200630
Filing Date	20200910
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	epm-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 66 Cash Flow Statement 49 Stockholders Equity 16

Balance Sheet 58 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
Common stock, issued shares	`CommonStockSharesIssued`	32.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.66M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	33.18M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	32.96M	shares	Point-in-time
Receivables from oil and gas sales	`AccountsReceivableNetCurrent`	$3.17M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	33.18M	shares	Point-in-time
Receivables from oil and gas sales	`AccountsReceivableNetCurrent`	$1.92M	USD	Point-in-time
Receivables for federal and state income tax refunds	`IncomeTaxReceivable`	$3.24M	USD	Point-in-time
Receivables for federal and state income tax refunds	`IncomeTaxReceivable`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$491.69K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$458.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.32M	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`	$66.51M	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`	$26.42K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$17.64K	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$66.53M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.37M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$210.03K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$291.62K	USD	Point-in-time
Total assets	`Assets`	$95.76M	USD	Point-in-time
Total assets	`Assets`	$92.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$716.65K	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$537.75K	USD	Point-in-time
Derivative contract liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative contract liabilities	`DerivativeLiabilitiesCurrent`	$1.91M	USD	Point-in-time
State and federal taxes payable	`TaxesPayableCurrent`	$179.19K	USD	Point-in-time
State and federal taxes payable	`TaxesPayableCurrent`	$130.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.28M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$11.32M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$11.06M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.59M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.56M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$84.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.01M	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 32,956,469 and 33,183,730 shares as of June 30, 2020 and 2019, respectively	`CommonStockValue`	$32.96K	USD	Point-in-time
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 32,956,469 and 33,183,730 shares as of June 30, 2020 and 2019, respectively	`CommonStockValue`	$33.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$41.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$74.12M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$95.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$92.14M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock-based compensation expense	`ShareBasedCompensation`	$1.29M	USD	Annual
Non-cash stock-based compensation expense	`ShareBasedCompensation`	$888.16K	USD	Annual
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.23M	USD	Annual
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.60M	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$6.25M	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$5.76M	USD	Annual
Net loss on derivative contracts	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	Annual
Net loss on derivative contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.38M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.26M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.07M	USD	Annual
Total operating costs	`OperatingExpenses`	$25.59M	USD	Annual
Total operating costs	`OperatingExpenses`	$25.91M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$-2.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.64M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.96M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.73M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.69M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.27M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$951.81K	USD	1 Quarter
Enduro transaction breakup fee	`AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee`	$1.10M	USD	Annual
Enduro transaction breakup fee	`AssetAcquisitionContingentConsiderationProceedsFromBreakUpFee`	-	USD	Annual
Interest and other income	`InvestmentIncomeInterestandOther`	$177.42K	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`	$3.76M	USD	Annual
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.86M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-2.18M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$3.48M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.33M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.71M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.38M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.80M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.94M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.28M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.90M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.76M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.79M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.16M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.03M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.03M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.17M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to the Company	`NetIncomeLoss`	$5.94M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$15.38M	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$6.25M	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$5.76M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.29M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$888.16K	USD	Annual
Settlement of asset retirement obligations	`AssetRetirementObligationCashPaidToSettle`	$76.83K	USD	Annual
Settlement of asset retirement obligations	`AssetRetirementObligationCashPaidToSettle`	-	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-261.67K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$767.26K	USD	Annual
Net loss on derivative contracts	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	Annual
Net loss on derivative contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.38M	USD	Annual
Payments received for derivative settlements	`ProceedsFromDerivativeSettlements`	-	USD	Annual
Payments received for derivative settlements	`ProceedsFromDerivativeSettlements`	$793.33K	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$15.16K	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$39.78K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$1.99M	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$-773.80K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.41K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-66.23K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-486.01K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-90.89K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$48.39K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$8.04K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.40M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.06M	USD	Annual
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$9.34M	USD	Annual
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	-	USD	Annual
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$1.72M	USD	Annual
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$6.75M	USD	Annual
Capital expenditures for other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$11.51K	USD	Annual
Capital expenditures for other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.76M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.06M	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`PaymentsForRepurchaseOfCommonStock`	$2.48M	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`PaymentsForRepurchaseOfCommonStock`	$156.79K	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$13.27M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$70.20M	USD	26 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$10.74M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.22M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.43M	USD	Annual
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.89M	USD	Annual
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.87M	USD	Annual
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`	$19.66M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning 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`	$19.66M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.55M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$74.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$77.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$80.13M	USD	Point-in-time
Common share repurchases, including shares surrendered for tax withholding	`TreasuryStockValueAcquiredCostMethod`	$2.48M	USD	Annual
Common share repurchases, including shares surrendered for tax withholding	`TreasuryStockValueAcquiredCostMethod`	$156.79K	USD	Annual
Common share repurchases, including shares surrendered for tax withholding (in shares)	`TreasuryStockSharesAcquired`	18,424.00	shares	Annual
Common share repurchases, including shares surrendered for tax withholding (in shares)	`TreasuryStockSharesAcquired`	449,921.00	shares	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$888.16K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$5.94M	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`	$10.74M	USD	Annual
Balance	`StockholdersEquity`	$74.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$77.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$80.13M	USD	Point-in-time

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