Evolution Petroleum Reports Fiscal First Quarter 2027 Results and Declares $0.12 per Share Cash Dividend for the Fiscal Second Quarter

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“We are encouraged by our fiscal first quarter results and excited about the outlook for our diversified portfolio, particularly the increasing contributions from our growing mineral and royalty interests.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“Our recently acquired Permian Minerals exceeded production expectations, and our late fiscal 2026 acquisitions of Haynesville and Bossier Shale minerals and royalties are contributing in line with expectations as new wells enter production.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“We bought these assets for both their existing production and their substantial development potential and are encouraged to see that potential begin to translate into results at the end of the fiscal quarter.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“Looking ahead, with a full quarter of Permian Minerals ownership and additional wells coming online there as well as in the Haynesville and Bossier Shales, we expect our recent investments to meaningfully add to cash flow in the coming quarters.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“We continue to unlock value from acreage that contributes little to no current production.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“Together with last quarter’s $3.0 million sale of nonproducing mineral acreage, these transactions demonstrate our ability to convert potential future value into cash today with minimal impact on current production or cash flow.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“We are also negotiating additional potential farmouts of nonproducing working interest acreage across multiple areas of our portfolio and hope to announce further agreements soon.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“The unsolicited interest we are receiving highlights opportunities to realize additional value from assets we already own.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“Additional farmouts could generate upfront cash to reduce debt, while preserving royalty participation in future production without requiring us to fund drilling and completion costs.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“They could also put acreage to work that might otherwise remain undeveloped in our portfolio.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“Our near-term focus is on realizing the benefits of our recent investments, strengthening our balance sheet, and sustaining our quarterly dividend.”

Kelly Loyd, President and Chief Executive Officer of Evolution Petroleum Corporation

“We see opportunities for continued growth within our existing portfolio, which sets a high bar for new investments as we focus on translating those opportunities into greater value per share.”