10-Q Filing

EVOLUTION PETROLEUM CORP CIK: 1006655 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-076718`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	epm-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 47 Cash Flow Statement 62

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Oil and natural gas properties, excluded from amortization (in dollars)	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$7.78M	USD	Point-in-time
Oil and natural gas properties, excluded from amortization (in dollars)	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$6.04M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.43M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$250.00K	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$250.00K	USD	Point-in-time
Oil and natural gas sales	`OilAndNaturalGasSalesReceivablesCurrent`	$1.62M	USD	Point-in-time
Oil and natural gas sales	`OilAndNaturalGasSalesReceivablesCurrent`	$1.34M	USD	Point-in-time
Joint interest partner	`OilAndGasJointInterestBillingReceivablesCurrent`	$96.15K	USD	Point-in-time
Joint interest partner	`OilAndGasJointInterestBillingReceivablesCurrent`	$30.39K	USD	Point-in-time
Income taxes	`IncomeTaxesReceivableCurrent`	$92.89K	USD	Point-in-time
Income taxes	`IncomeTaxesReceivableCurrent`	$92.89K	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$190.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$190.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$325.24K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$325.24K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	28.67M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$176.80K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	28.84M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$233.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.63M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	28.05M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	27.88M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	788,200.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	788,200.00	shares	Point-in-time
Oil and natural gas properties - full-cost method of accounting, of which $7,782,060 and $6,042,094 at September 30, 2012 and June 30, 2012, respectively, were excluded from amortization.	`OilAndGasPropertyFullCostMethodNet`	$42.31M	USD	Point-in-time
Oil and natural gas properties - full-cost method of accounting, of which $7,782,060 and $6,042,094 at September 30, 2012 and June 30, 2012, respectively, were excluded from amortization.	`OilAndGasPropertyFullCostMethodNet`	$40.48M	USD	Point-in-time
Other property and equipment	`PropertyPlantAndEquipmentOtherNet`	$92.27K	USD	Point-in-time
Other property and equipment	`PropertyPlantAndEquipmentOtherNet`	$80.02K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$42.39M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$40.57M	USD	Point-in-time
Advances to joint interest operating partner	`AdvancesToAffiliate`	$326.00K	USD	Point-in-time
Advances to joint interest operating partner	`AdvancesToAffiliate`	$1.37M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$269.78K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$250.33K	USD	Point-in-time
Total assets	`Assets`	$58.96M	USD	Point-in-time
Total assets	`Assets`	$58.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$407.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$438.24K	USD	Point-in-time
Due joint interest partner	`DueToAffiliateCurrent`	$3.22M	USD	Point-in-time
Due joint interest partner	`DueToAffiliateCurrent`	$1.31M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$346.38K	USD	Point-in-time
Royalties payable	`AccruedRoyaltiesCurrent`	$294.01K	USD	Point-in-time
Royalties payable	`AccruedRoyaltiesCurrent`	$242.20K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$91.97K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$183.29K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$71.77K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$256.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.80M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$998.34K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$968.68K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$70.01K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$65.72K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.33M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.001; 100,000,000 shares authorized: issued 28,840,163 shares at September 30, 2012, and 28,670,424 at June 30, 2012; outstanding 28,051,963 shares and 27,882,224 shares as of September 30, 2012 and June 30, 2012, respectively.	`CommonStockValue`	$28.84K	USD	Point-in-time
Common stock; par value $0.001; 100,000,000 shares authorized: issued 28,840,163 shares at September 30, 2012, and 28,670,424 at June 30, 2012; outstanding 28,051,963 shares and 27,882,224 shares as of September 30, 2012 and June 30, 2012, respectively.	`CommonStockValue`	$28.67K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.06M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$48.85M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$47.50M	USD	Point-in-time
Treasury stock, at cost, 788,200 shares as of September 30, 2012 and June 30, 2012	`TreasuryStockValue`	$882.02K	USD	Point-in-time
Treasury stock, at cost, 788,200 shares as of September 30, 2012 and June 30, 2012	`TreasuryStockValue`	$882.02K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$46.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$47.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.96M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses, non-cash stock-based compensation expense	`ShareBasedCompensation`	$353.79K	USD	1 Quarter
General and administrative expenses, non-cash stock-based compensation expense	`ShareBasedCompensation`	$416.69K	USD	1 Quarter
Crude oil	`RevenueFromCrudeOil`	$3.45M	USD	1 Quarter
Crude oil	`RevenueFromCrudeOil`	$4.01M	USD	1 Quarter
Natural gas liquids	`RevenueFromNaturalGasLiquids`	$119.61K	USD	1 Quarter
Natural gas liquids	`RevenueFromNaturalGasLiquids`	$188.46K	USD	1 Quarter
Natural gas	`NaturalGasProductionRevenue`	$247.81K	USD	1 Quarter
Natural gas	`NaturalGasProductionRevenue`	$166.51K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$4.29M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$3.88M	USD	1 Quarter
Lease operating expenses	`LeaseOperatingExpense`	$202.92K	USD	1 Quarter
Lease operating expenses	`LeaseOperatingExpense`	$316.17K	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$21.37K	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$14.04K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$236.89K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$296.92K	USD	1 Quarter
Accretion of discount on asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$16.97K	USD	1 Quarter
Accretion of discount on asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$21.11K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.41M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.71M	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$2.36M	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$1.88M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.62K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.25K	USD	1 Quarter
Interest (expense)	`InterestExpense`	$16.43K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$7.25K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-10.81K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.02M	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.92M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$872.59K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$760.22K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.16M	USD	1 Quarter
Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$168.57K	USD	1 Quarter
Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$127.83K	USD	1 Quarter
Net income available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$990.95K	USD	1 Quarter
Net income available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.02M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.28M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.16M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$307.13K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortizationCashFlowsImpact`	$236.89K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$353.79K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$416.69K	USD	1 Quarter
Accretion of discount on asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$16.97K	USD	1 Quarter
Accretion of discount on asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$21.11K	USD	1 Quarter
Settlements of asset retirement obligations	`PaymentsOnAssetRetirementObligations`	$30.97K	USD	1 Quarter
Settlements of asset retirement obligations	`PaymentsOnAssetRetirementObligations`	$22.21K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$659.77K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$599.05K	USD	1 Quarter
Accrued compensation	`PensionAndOtherPostretirementBenefitExpense`	$-180.00K	USD	1 Quarter
Deferred rent	`DeferredRentExpenses`	$-4.29K	USD	1 Quarter
Deferred rent	`DeferredRentExpenses`	$-2.54K	USD	1 Quarter
Receivables from oil and natural gas sales	`IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales`	$-106.42K	USD	1 Quarter
Receivables from oil and natural gas sales	`IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales`	$273.17K	USD	1 Quarter
Receivables from income taxes and other	`IncreaseDecreaseInIncomeTaxesReceivable`	$-28.68K	USD	1 Quarter
Due to/from joint interest partner	`IncreaseDecreaseInAmountDueFromJointInterestPartner`	$25.96K	USD	1 Quarter
Due to/from joint interest partner	`IncreaseDecreaseInAmountDueFromJointInterestPartner`	$49.34K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$83.36K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-56.63K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-637.80K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-108.33K	USD	1 Quarter
Royalties payable	`IncreaseDecreaseInRoyaltiesPayable`	$-51.81K	USD	1 Quarter
Royalties payable	`IncreaseDecreaseInRoyaltiesPayable`	$-387.75K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$144.25K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$161.17K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.93M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.62M	USD	1 Quarter
Acquisitions of oil and natural gas properties	`PaymentForAcquisitionOfOilAndGasProperties`	$167.96K	USD	1 Quarter
Acquisitions of oil and natural gas properties	`PaymentForAcquisitionOfOilAndGasProperties`	$743.72K	USD	1 Quarter
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$311.74K	USD	1 Quarter
Development of oil and natural gas properties	`PaymentForDevelopmentOfOilAndGasProperties`	$1.87M	USD	1 Quarter
Advances to joint venture operating partner	`PaymentsToAcquireInterestInJointVenture`	$101.79K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$14.68K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$13.77K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.73M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-493.47K	USD	1 Quarter
Proceeds from issuances of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$6.05M	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$127.83K	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$168.57K	USD	1 Quarter
Deferred loan costs	`PaymentsOfDebtIssuanceCosts`	$16.21K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-184.79K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.93M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.37M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.29M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.25M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.43M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.25M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.43M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Change in accounts payable used to acquire oil and natural gas leasehold interests and develop oil and natural gas properties	`CapitalExpendituresIncurredButNotYetPaid`	$-136.61K	USD	1 Quarter
Change in accounts payable used to acquire oil and natural gas leasehold interests and develop oil and natural gas properties	`CapitalExpendituresIncurredButNotYetPaid`	$124.37K	USD	1 Quarter
Change in due to joint interest partner used to acquire oil and natural gas leasehold interests and develop oil and natural gas properties	`IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties`	$-646.93K	USD	1 Quarter
Change in accounts payable related to joint venture activities	`IncreaseInAccountsPayableRelatedToJointVentureActivities`	$225.44K	USD	1 Quarter
Oil and natural gas properties incurred through recognition of asset retirement obligations	`OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations`	$-30.97K	USD	1 Quarter
Oil and natural gas properties incurred through recognition of asset retirement obligations	`OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations`	$8.56K	USD	1 Quarter

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