Evolution Petroleum Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 Third Quarter
Evolution Petroleum Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 Third Quarter
HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal second quarter ended December 31, 2023 ("Fiscal Q2" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 third quarter.
休斯頓,2024年2月6日(GLOBE NEWSWIRE)——進化石油公司(紐約證券交易所美國股票代碼:EPM)(“Evolution” 或 “公司”)今天公佈了截至2023年12月31日的第二財季(“第二財季或 “本季度”)的財務和經營業績。Evolution還宣佈,2024財年第三季度的季度現金分紅爲每股普通股0.12美元。
Key Highlights
主要亮點
- Announced the agreement to acquire non-operated oil and natural gas assets in the SCOOP/STACK plays in Oklahoma.
- Acquisitions expected to close in early February 2024 with effective date of November 1, 2023.
- Production of ~1,550 barrels of oil equivalent per day ("BOEPD") as of effective date.
- 21 DUC's (completions to be paid for by sellers) at effective date.
- 300 undeveloped locations with average WI of ~3%.
- Participated in the drilling and completion of the initial three wells in the Chaveroo Field.
- First production occurred in early February 2024.
- One well cleaning up, two awaiting connection.
- Reported current quarter revenue of $21.0 million and net income of $1.1 million or $0.03 per diluted share and revenue of $41.6 million and net income of $2.6 million or $0.08 per diluted share for the six months ended December 31, 2023.
- Generated Adjusted EBITDA(1) of $6.8 million for the current quarter and $13.5 million for the first half of fiscal 2024.
- Produced 6,304 net BOEPD in the second quarter of fiscal 2024.
- Paid quarterly dividends of $0.12 per common share.
- Maintained significant liquidity and balance sheet strength throughout the second quarter of fiscal 2024.
- Fully funded operations, capital expenditures, and dividends from operating cash flow and working capital.
- Maintained $50 million available borrowing capacity under the senior secured credit facility.
- 宣佈了收購俄克拉荷馬州SCOOP/STACK油田中非運營石油和天然氣資產的協議。
- 收購預計將於2024年2月初完成,生效日期爲2023年11月1日。
- 截至生效之日,日產量約爲1,550桶石油當量(“BOEPD”)。
- 生效日期爲 21 個 DUC(完工費用由賣家支付)。
- 300 個未開發地點,平均威斯康星州約爲 3%。
- 參與了查韋魯油田最初三口油井的鑽探和完工。
- 首次生產於 2024 年 2 月初。
- 一口井正在清理,兩口等待連接。
- 截至2023年12月31日的六個月,本季度收入爲2,100萬美元,淨收益爲110萬美元,攤薄每股收益爲0.03美元,收入爲4,160萬美元,淨收益爲260萬美元,攤薄每股收益爲0.08美元。
- 調整後的息稅折舊攤銷前利潤(1) 本季度爲680萬美元,2024財年上半年爲1,350萬美元。
- 在2024財年第二季度淨產出6,304英鎊的BOEPD。
- 支付了每股普通股0.12美元的季度股息。
- 在整個2024財年第二季度保持了可觀的流動性和資產負債表強度。
- 資金充足的運營、資本支出以及來自運營現金流和營運資金的分紅。
- 在優先擔保信貸機制下維持了5000萬美元的可用借款能力。
Kelly Loyd, President and Chief Executive Officer, commented, "Evolution has taken steps to address crucial changes in our industry necessary to stay consistent with our strategy of maximizing total shareholder returns and returning capital to shareholders. We have added scale and economic efficiency. We have added diversification of both products and markets. We have added needed flexibility to our investment portfolio. Importantly, we have done all of this while maintaining a rock-solid balance sheet and avoiding dilution."
總裁兼首席執行官凱利·洛伊德評論說:“Evolution已採取措施應對我們行業的關鍵變化,這些變化是保持我們實現股東總回報最大化以及向股東返還資本的戰略所必需的。我們增加了規模和經濟效率。我們增加了產品和市場的多元化。我們爲我們的投資組合增加了必要的靈活性。重要的是,我們在保持堅如磐石的資產負債表和避免稀釋的同時做了所有這些工作。”
Mr. Loyd continued, "Nothing illustrates this better than our demonstrated track record of action. Beginning in October 2019 through today, with the expected close of our latest three acquisitions in Oklahoma (collectively, the SCOOP/STACK), we will have added 6 significant transactions, putting over $119 million to work for our shareholders, increasing production three-fold, and adding hundreds of gross undrilled locations to our portfolio. All of these have been strategically orchestrated to add to our cash flow producing base so that we can, over time, maintain or increase the runway of our dividend for years to come. We have also demonstrated our investment flexibility with the completion of two wells in the Delhi Field and three wells in the Chaveroo Field. The Delhi wells are meeting our expectations and may lead to additional drilling, and the first of three wells drilled in Chaveroo has just started flowing back frack fluid and oil as expected, with the next two wells expected to start producing imminently."
洛伊德繼續說:“沒有什麼比我們表現出的行動記錄更能說明這一點了。從2019年10月到今天,隨着我們在俄克拉荷馬州的最新三次收購(統稱SCOOP/STACK)預計將結束,我們將增加6筆重大交易,爲股東投入超過1.19億美元,產量增加三倍,並在我們的投資組合中增加數百個未鑽探地點。所有這些都是經過戰略精心策劃的,目的是增加我們的現金流生產基礎,這樣,隨着時間的推移,我們能夠在未來幾年內維持或增加分紅渠道。我們還在德里油田建成了兩口油井,在查韋魯油田建成了三口油井,展現了我們的投資靈活性。德里油井符合我們的預期,可能會導致更多的鑽探,而在查韋魯鑽探的三口油井中的第一口剛剛開始按預期回流壓裂液和石油,接下來的兩口油井預計將很快開始生產。”
Mr. Loyd concluded, "Our commitment to providing long-term total returns to our shareholders continued as we paid our 41st consecutive quarterly dividend in December of $0.12 per share, marking our sixth consecutive dividend paid at that level. Additionally, we have announced that we will pay our 42nd consecutive dividend at the same $0.12 per share on March 28th."
洛伊德先生總結說:“我們繼續致力於爲股東提供長期總回報,因爲我們在12月連續第41次支付了每股0.12美元的季度股息,這是我們連續第六次以該水平支付股息。此外,我們已經宣佈將支付 42 美元和 3月28日連續派發每股0.12美元的股息第四。”
(1) Adjusted EBITDA is Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization and is a non-GAAP financial measure; see the "Non-GAAP Reconciliation" tables later in this release for more information on the most comparable GAAP measures.
(1) 調整後的息稅折舊攤銷前利潤是扣除利息、稅項、折舊和攤銷前的調整後收益,是一項非公認會計准則財務指標;有關最具可比性的GAAP指標的更多信息,請參閱本新聞稿後面的 “非公認會計准則對賬” 表。
Cash Dividend on Common Stock
普通股的現金分紅
On February 5, 2024, Evolution's Board of Directors declared a cash dividend of $0.12 per share of common stock, which will be paid on March 28, 2024, to common stockholders of record on March 15, 2024. This will be the 42nd consecutive quarterly cash dividend on the Company's common stock since December 31, 2013. To date, Evolution has returned approximately $110.4 million, or $3.33 per share, back to stockholders in common stock dividends. Maintaining and ultimately growing the common stock dividend remains a key Company priority.
2024 年 2 月 5 日,Evolution 董事會宣佈向普通股每股 0.12 美元的現金股息,該股息將於 2024 年 3 月 28 日支付給 2024 年 3 月 15 日登記在冊的普通股股東。這將是 42和 自2013年12月31日以來,公司普通股連續每季度派發季度現金分紅。迄今爲止,Evolution已向股東返還了約1.104億美元,合每股3.33美元的普通股股息。維持並最終增加普通股股息仍然是公司的關鍵優先事項。
Financial and Operational Results for the Quarter Ended December 31, 2023
截至2023年12月31日的季度財務和經營業績
($ in millions) | 2Q24 | 1Q24 | % Change vs 1Q24 | ||||||
Average BOEPD | 6,304 | 6,457 | (2)% | ||||||
Revenues ($M) | $ | 21,024 | $ | 20,601 | 2% | ||||
Net Income ($M) | $ | 1,082 | $ | 1,474 | (27)% | ||||
Adjusted EBITDA(1) ($M) | $ | 6,832 | $ | 6,703 | 2% |
(百萬美元) | 2Q24 | 1Q24 | 與 24 年第一季度相比的百分比變化 | ||||||
平均 BOEPD | 6,304 | 6,457 | (2)% | ||||||
收入 (百萬美元) | $ | 21,024 | $ | 20,601 | 2% | ||||
淨收入 (百萬美元) | $ | 1,082 | $ | 1,474 | (27)% | ||||
調整後 EBITDA(1) (百萬美元) | $ | 6,832 | $ | 6,703 | 2% |
(1) Adjusted EBITDA is Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization and is a non-GAAP financial measure; see the "Non-GAAP Information" section later in this release for more information, including reconciliations to the most comparable GAAP measures.
(1) 調整後的息稅折舊攤銷前利潤是扣除利息、稅項、折舊和攤銷前的調整後收益,是一項非公認會計准則財務指標;有關更多信息,包括與最具可比性的GAAP指標的對賬,請參閱本新聞稿後面的 “非公認會計准則信息” 部分。
Total production for the second quarter of fiscal 2024 was 6,304 net BOEPD, including 1,728 barrels per day ("BOPD") of crude oil; 21,207 thousand cubic feet per day ("MCFPD"), or 3,533 BOEPD, of natural gas; and 1,043 BOEPD of natural gas liquids ("NGLs"). The announced SCOOP/STACK acquisition will begin contributing to operating results beginning in the middle of the third fiscal quarter ending March 31st following the closing.
2024財年第二季度的總產量爲6,304桶淨產量,包括每天1,728桶原油(“BOPD”);天然氣的日產量爲2120.7萬立方英尺(“MCFPD”),合3,533桶桶/日;液化天然氣(“NGL”)1,043桶/日。宣佈的SCOOP/STACK收購將從截至3月31日的第三財季中期開始爲經營業績做出貢獻st 閉幕之後。
- Oil decreased 1% from 1,750 BOPD in the prior quarter, primarily as a result of production downtime at Williston Basin, partially offset by increased production in the Delhi Field attributable to lowered ambient surface temperatures, allowing for better recoveries.
- Natural gas production decreased by 4% from 22,011 MCFPD, or 3,674 BOEPD, in the prior quarter. The decrease was primarily related to natural declines within the fields and continued midstream issues in the Barnett Shale that carried over to the beginning of the second quarter before largely being resolved.
- NGL production increased 1% from 1,033 BOEPD primarily due to better run times in the liquids-rich areas of the Barnett Shale.
- 石油價格較上一季度的1,750桶/日下降了1%,這主要是由於威利斯頓盆地停產,但由於環境表面溫度降低,德里油田的產量增加部分抵消了這一點,從而實現了更好的回收率。
- 天然氣產量較上一季度的22,011個MCFPD或3,674個BOEPD下降了4%。下降主要與油田內部的自然下降以及巴尼特頁岩持續的中游問題有關,這些問題一直延續到第二季度初,之後基本得到解決。
- 液化天然氣產量從1,033桶桶油日增長了1%,這主要是由於巴尼特頁岩液體富集地區的運行時間有所改善。
Evolution reported $21.0 million of total revenue for the current quarter, a 2% increase from the prior quarter. Natural gas revenue increased 18% from the prior quarter to $6.5 million due to a 22% increase in realized commodity pricing, partially offset by a 4% decrease in sales volumes. The increase in realized commodity pricing was primarily related to the benefit of improved gas price differentials during winter received at the Jonah Field where the Company realized an average natural gas price of $4.87 per MCF during the current quarter compared to $3.69 per MCF in the prior quarter. Natural gas revenue in the current quarter was negatively impacted by approximately $0.5 million in adjustments to prior periods, dating back to September 2021, relating to updated ownership interest calculations provided by the operator of the Barnett properties, with the Company's review of the adjustments completed during the quarter. NGL revenue increased 12% to $2.7 million, primarily due to an 11% increase in realized pricing together with a 1% increase in sales volumes. Partially offsetting these increases, oil revenue decreased 7% to $11.8 million from the previous quarter, primarily due to a 6% decrease in realized commodity pricing coupled with a 1% decrease in sales volumes. The average realized price per BOE increased 5% to $36.25 compared to $34.68 in the prior quarter.
Evolution報告稱,本季度的總收入爲2,100萬美元,比上一季度增長2%。天然氣收入較上一季度增長了18%,達到650萬美元,這要歸因於已實現的大宗商品價格上漲了22%,但銷售量下降了4%,部分抵消了這一增長。已實現大宗商品價格的上漲主要與喬納油田冬季天然氣價格差異改善所帶來的好處有關。該公司在本季度的平均天然氣價格爲每立方英尺4.87美元,而上一季度爲每立方英尺3.69美元。本季度的天然氣收入受到可追溯到2021年9月的約50萬美元前期調整的負面影響,這些調整與巴尼特物業運營商提供的最新所有權利息計算有關,公司對調整的審查已在本季度完成。液化天然氣收入增長了12%,達到270萬美元,這主要是由於已實現定價上漲了11%,銷售量增長了1%。石油收入較上一季度下降了7%,至1180萬美元,部分抵消了這些增長,這主要是由於已實現的大宗商品價格下降了6%,銷售量下降了1%。與上一季度的34.68美元相比,英國央行的平均已實現價格上漲了5%,至36.25美元。
Lease operating costs ("LOE") increased $0.5 million, or 4% from $11.9 million in the prior quarter to $12.4 million in the current quarter. This increase was primarily attributable to higher gathering, transportation and processing charges at Barnett as a result of adjustments to prior period estimates and overall higher gathering costs where our fees are tied to natural gas prices. Decreased costs in the Jonah Field and Williston Basin partially offset this increase. On a per unit basis, total LOE was $21.31 per BOE and $20.01 per BOE for the current and prior quarters, respectively.
租賃運營成本(“LOE”)從上一季度的1190萬美元增加到本季度的1,240萬美元,增長了50萬美元,增長了4%。這一增長主要是由於調整了前一時期的估計,巴尼特的採集、運輸和加工費用增加,以及我們的費用與天然氣價格掛鉤的總體採集成本增加。喬納油田和威利斯頓盆地成本的下降部分抵消了這一增長。按單位計算,本季度和上一季度的總LOE分別爲每英國央行21.31美元和每英國央行20.01美元。
Depletion, depreciation, and accretion expense was $4.6 million compared to $4.3 million in the prior quarter. On a per BOE basis, the Company's current quarter depletion rate of $7.31 per BOE increased from $6.58 per BOE in the prior quarter due to a reduction in proved reserves primarily related to the decrease in SEC prices used to determine proved reserves from the prior period.
損耗、折舊和增量支出爲460萬美元,而上一季度爲430萬美元。按英國央行人均計算,該公司本季度每英國央行7.31美元的枯竭率從上一季度的每英國央行6.58美元上升,這是由於探明儲量的減少主要與美國證券交易委員會用於確定前一時期探明儲量的價格下跌有關。
General and administrative expenses, including stock-based compensation, decreased slightly in the current quarter to $2.5 million from $2.6 million in the prior quarter. The decrease was primarily due to salary expenses associated with actual and estimated annual incentive compensation reflected in the prior quarter.
包括股票薪酬在內的一般和管理費用從上一季度的260萬美元略有下降至本季度的250萬美元。下降的主要原因是與上一季度反映的實際和估計的年度激勵薪酬相關的工資支出。
Net income for the current quarter was $1.1 million, or $0.03 per diluted share, compared to $1.5 million, or $0.04 per diluted share, in the prior quarter. Net income and diluted earnings per share in the current quarter were negatively impacted by $0.4 million and $0.01, respectively, after income taxes, due to the aforementioned prior period adjustments. During the quarter, we also experienced a higher effective total tax rate than previous quarters as state income taxes projected from our royalty interest at Delhi became a larger component of our overall income tax expense for the period. Overall, our federal income tax rate has not materially changed from historical averages. Adjusted EBITDA was $6.8 million for the current quarter compared to $6.7 million in the prior quarter. On a per BOE basis, Adjusted EBITDA was $11.78 for the current quarter versus $11.28 for the preceding quarter. Adjusted EBITDA was negatively impacted by approximately $0.5 million due to the aforementioned prior period adjustments.
本季度的淨收益爲110萬美元,攤薄每股收益爲0.03美元,而上一季度爲150萬美元,攤薄每股收益爲0.04美元。由於上述前一時期的調整,本季度的淨收益和攤薄後每股收益分別受到40萬美元和0.01美元的負面影響。在本季度,我們的有效總稅率也高於前幾個季度,這是因爲我們在德里的特許權使用費利息中預計的州所得稅成爲我們同期總所得稅支出的更大部分。總體而言,我們的聯邦所得稅稅率與歷史平均水平相比沒有實質性變化。本季度調整後的息稅折舊攤銷前利潤爲680萬美元,而上一季度爲670萬美元。按英國央行的每股計算,本季度調整後的息稅折舊攤銷前利潤爲11.78美元,而上一季度的調整後息稅折舊攤銷前利潤爲11.28美元。由於上述前一時期的調整,調整後的息稅折舊攤銷前利潤受到約50萬美元的負面影響。
Operations Update
操作更新
In the Chaveroo Field, jointly developed with Pedevco, the Company drilled, fracked and modified existing facilities for our first three wells before the end of the second quarter. Completions on all three wells were performed in February, and one well has been brought online and is currently cleaning up. The other two wells are awaiting some minor facility modifications before being brought online very soon. Even though it is early in the clean-up process, the results have been encouraging.
在與Pedevco共同開發的查韋魯油田,該公司在第二季度末之前爲我們的前三口油井鑽探、壓裂和改造了現有設施。所有三口油井均於2月竣工,其中一口油井已投入使用,目前正在清理中。另外兩口油井正在等待一些小規模的設施改造,然後很快投入使用。儘管清理過程尚處於初期,但結果令人鼓舞。
On January 5th, the Company announced the acquisition of non-operated working interests in the SCOOP/STACK, which is expected to close before the end of February. The assets included 21 drilled, but uncompleted, wells to be funded by the seller, of which 18 have currently been brought online and 2 are still in process. Also, drilling has begun on 12 additional locations and the Company has begun reviewing other drilling proposals that will have elections due shortly after closing.
1 月 5 日第四,該公司宣佈收購SCOOP/STACK中非運營的營運權益,該收購預計將於2月底之前完成。這些資產包括由賣方出資的21口鑽探但尚未完工的油井,其中18口目前已投入使用,2口仍在進行中。此外,已開始在另外12個地點進行鑽探,該公司已開始審查其他鑽探提案,這些提案將在結束後不久舉行選舉。
At Jonah Field, the Company realized natural gas prices of $4.87 per Mcf in the current quarter, a premium of $2.13 per Mcf over the average Henry Hub price for the period. The Jonah Field continues to perform very well and we have been able to realize a premium by selling our gas into west coast markets.
在喬納球場,該公司在本季度實現的天然氣價格爲每立方英尺4.87美元,比同期亨利樞紐的平均價格高出每立方英尺2.13美元。喬納油田繼續表現良好,通過向西海岸市場出售天然氣,我們得以實現溢價。
During the quarter, the Williston Basin Asset's production rate was negatively impacted by reduced gas sales from the ONEOK Grassland System being shut-in for about three weeks as well as a few wells experiencing downtime. Currently, everything is back online with an average rate of approximately 500 BOEPD for December.
在本季度,威利斯頓盆地資產的產量受到ONEOK草原系統關閉約三週的天然氣銷售減少以及幾口油井停機的負面影響。目前,一切都已恢復上線,12月份的平均利率約爲500 BOEPD。
At the Barnett Shale Asset, issues from the prior quarter related to EnLink operations with certain gathering facilities continued into the current quarter, but production was not significantly affected. Production from the Barnett Shale Asset has flattened back to its historical decline rate.
在巴尼特頁岩資產,上一季度與某些集水設施的EnLink業務相關的問題一直持續到本季度,但產量並未受到重大影響。巴尼特頁岩資產的產量已趨於平緩,回落至歷史下降速度。
At Hamilton Dome Field, the current quarter production was slightly impacted by well work, but all of those wells are expected to be back online during the fiscal 3rd quarter. Overall, Hamilton Dome Field continued to perform strongly.
漢密爾頓圓頂油田本季度的產量受到油井施工的輕微影響,但預計所有這些油井都將在第三財季恢復上線。總體而言,漢密爾頓圓頂球場繼續表現強勁。
At Delhi, the transition from Denbury to Exxon appears to be going well. The operator has indicated that Delhi is expected to be certified as a Carbon Capture Utilization and Storage Site designated for enhanced oil recovery by the end of the Company's fiscal year. The addition of the heat exchanger last fiscal year worked quite well during the winter storms that hit most of the US in January, and the field did not experience any Plant downtime due to the cold weather. Production for the field is approximately 5% higher than last quarter and includes the two new infill wells brought online. Denbury continues to review the field to identify additional projects to improve production and cash flow.
在德里,從登伯裏到埃克森的過渡似乎進展順利。該運營商表示,預計德里將在公司財政年度結束前被認證爲碳捕集利用和儲存場地,旨在提高石油採收率。在1月份襲擊美國大部分地區的冬季風暴中,上一財年增加的換熱器效果良好,而且由於天氣寒冷,該油田沒有出現任何工廠停機的情況。該油田的產量比上個季度增長了約5%,其中包括投入使用的兩口新填充井。登伯裏繼續審查該領域,以確定其他改善產量和現金流的項目。
Balance Sheet, Liquidity, and Capital Spending
資產負債表、流動性和資本支出
On December 31, 2023, cash and cash equivalents totaled $8.5 million, and working capital was $6.6 million. Evolution's $50 million revolving credit facility remained undrawn. As a result, total liquidity on December 31, 2023, was $58.5 million, including cash and cash equivalents.
2023年12月31日,現金及現金等價物總額爲850萬美元,營運資金爲660萬美元。Evolution的5000萬美元循環信貸額度仍未支付。因此,截至2023年12月31日,總流動性爲5,850萬美元,包括現金和現金等價物。
During the second quarter of fiscal 2024, the Company fully funded operations, development capital expenditures, and cash dividends through cash generated from operations and working capital. For the quarter that ended December 31, 2023, Evolution paid $4.0 million in common stock dividends and incurred $3.9 million in capital expenditures, which includes $3.0 million cash paid for drilling and completion activities at Chaveroo Field. For fiscal year 2024, the Company expects capital expenditures to be in the range of $10.0 million to $14.0 million, which excludes any potential acquisitions. Our expected capital expenditures for fiscal year 2024 include the two down dip wells at Delhi Field and three wells at Chaveroo Field, both previously discussed. We also expect to start incurring capital expenditures in the fourth quarter at Chaveroo Field for the second development block consisting of six horizontal wells. The budgeted capital expenditures do not include any potential capital projects associated with properties in the SCOOP/STACK Acquisitions as mentioned previously. Evolution believes its near-term capital spending requirements will be met from cash flows from operations, current working capital and borrowings as needed under the revolving credit facility without exceeding the targeted debt level of one times pro forma annual EBITDA.
在2024財年第二季度,公司通過運營和營運資金產生的現金爲運營、開發資本支出和現金分紅提供全額資金。在截至2023年12月31日的季度中,Evolution支付了400萬美元的普通股股息,併產生了390萬美元的資本支出,其中包括爲查維魯油田鑽探和完井活動支付的300萬美元現金。該公司預計,2024財年的資本支出將在1,000萬美元至1400萬美元之間,其中不包括任何潛在的收購。我們在2024財年的預期資本支出包括德里油田的兩口向下傾油井和查韋魯油田的三口油井,兩者前面都討論過。我們還預計,Chaveroo Field將在第四季度開始爲由六口水平井組成的第二個開發區塊進行資本支出。如前所述,預算資本支出不包括與SCOOP/STACK收購中的房產相關的任何潛在資本項目。Evolution認爲,其短期資本支出要求將通過運營現金流、當前營運資本和循環信貸額度下所需的借款來滿足,而不會超過預計年度息稅折舊攤銷前利潤的目標債務水平。
Conference Call
電話會議
As previously announced, Evolution Petroleum will host a conference call on February 7, 2024, at 10:00 a.m. Central Time to review its second quarter fiscal 2024 financial and operating results. To join by phone, please dial (844) 481-2813 (Toll-free) or (412) 317-0677 (International) and ask to join the Evolution Petroleum Corporation call.
正如先前宣佈的那樣,Evolution Petroleum將於中部時間2024年2月7日上午10點舉行電話會議,審查其2024財年第二季度的財務和經營業績。要通過電話加入,請撥打(844)481-2813(免費電話)或(412)317-0677(國際),要求加入進化石油公司的電話會議。
To join online via webcast, click the following link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=jgInwJ2a.
要通過網絡直播在線加入,請點擊以下鏈接:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=jgInwJ2a。
A webcast replay will be available through February 7, 2025, via the webcast link above and on Evolution's website at www.ir.evolutionpetroleum.com.
網絡直播重播將持續到2025年2月7日,可通過上方的網絡直播鏈接和Evolution的網站上播出 www.ir.evolutionpetroleum.co。
About Evolution Petroleum
關於《進化石油》
Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Properties include non-operated interests in the following areas: the Chaveroo Field in the Permian Basin in New Mexico; the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field located in Hot Springs County, Wyoming; the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana; as well as small overriding royalty interests in four onshore Texas wells. Visit www.evolutionpetroleum.com for more information.
Evolution Petroleum Corporation是一家獨立的能源公司,專注於通過擁有和投資美國陸上石油和天然氣資產來實現股東總回報最大化。該公司的目標是通過收購、選擇性開發機會、提高產量和其他開採工作,建立和維持多元化的長期石油和天然氣資產組合。房產包括以下領域的非運營權益:新墨西哥州二疊紀盆地的查韋魯油田;懷俄明州蘇布萊特縣的喬納油田;北達科他州的威利斯頓盆地;位於北德克薩斯州的巴尼特頁岩;位於懷俄明州溫泉縣的漢密爾頓圓頂油田;路易斯安那州東北部德里油田的德里霍爾特-布萊恩特油田;以及德克薩斯州陸上四口油井的小額壓倒性特許權使用費權益。訪問 www.evolutionpetrol 了解更多信息。
Cautionary Statement
警示聲明
All forward-looking statements contained in this press release regarding the Company's current expectations, potential results, and future plans and objectives involve a wide range of risks and uncertainties. Statements herein using words such as "believe," "expect," "plans," "outlook," "should," "will," and words of similar meaning are forward-looking statements. Although the Company's expectations are based on business, engineering, geological, financial, and operating assumptions that it believes to be reasonable, many factors could cause actual results to differ materially from its expectations and can give no assurance that its goals will be achieved. These factors and others are detailed under the heading "Risk Factors" and elsewhere in our periodic documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
本新聞稿中包含的有關公司當前預期、潛在業績以及未來計劃和目標的所有前瞻性陳述都涉及廣泛的風險和不確定性。此處使用 “相信”、“期望”、“計劃”、“展望”、“應該”、“將” 等詞語以及具有類似含義的詞語的陳述均爲前瞻性陳述。儘管該公司的預期基於其認爲合理的業務、工程、地質、財務和運營假設,但許多因素可能導致實際業績與其預期存在重大差異,也無法保證其目標得以實現。這些因素和其他因素在 “風險因素” 標題下以及我們向美國證券交易委員會提交的定期文件的其他地方進行了詳細介紹。公司沒有義務更新任何前瞻性陳述。
Investor Relations
(713) 935-0122
info@evolutionpetroleum.com
投資者關係
(713) 935-0122
info@evolutionpetroleum.com
Evolution Petroleum Corporation
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
進化石油公司
簡明合併運營報表(未經審計)
(以千計,每股金額除外)
Three Months Ended | Six Months Ended | |||||||||||||||||||
December 31, | September 30, | December 31, | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
Revenues | ||||||||||||||||||||
Crude oil | $ | 11,759 | $ | 13,100 | $ | 12,616 | $ | 24,375 | $ | 28,263 | ||||||||||
Natural gas | 6,531 | 17,370 | 5,552 | 12,083 | 37,218 | |||||||||||||||
Natural gas liquids | 2,734 | 3,206 | 2,433 | 5,167 | 7,992 | |||||||||||||||
Total revenues | 21,024 | 33,676 | 20,601 | 41,625 | 73,473 | |||||||||||||||
Operating costs | ||||||||||||||||||||
Lease operating costs | 12,358 | 15,041 | 11,883 | 24,241 | 34,157 | |||||||||||||||
Depletion, depreciation, and accretion | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | |||||||||||||||
General and administrative expenses | 2,502 | 2,581 | 2,603 | 5,105 | 5,053 | |||||||||||||||
Total operating costs | 19,458 | 21,080 | 18,748 | 38,206 | 46,266 | |||||||||||||||
Income (loss) from operations | 1,566 | 12,596 | 1,853 | 3,419 | 27,207 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||
Net gain (loss) on derivative contracts | — | 846 | — | — | 243 | |||||||||||||||
Interest and other income | 104 | 7 | 116 | 220 | 13 | |||||||||||||||
Interest expense | (34) | (129) | (32) | (66) | (372) | |||||||||||||||
Income (loss) before income taxes | 1,636 | 13,320 | 1,937 | 3,573 | 27,091 | |||||||||||||||
Income tax (expense) benefit | (554) | (2,933) | (463) | (1,017) | (5,997) | |||||||||||||||
Net income (loss) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
Net income (loss) per common share: | ||||||||||||||||||||
Basic | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.63 | ||||||||||
Diluted | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.62 | ||||||||||
Weighted average number of common shares outstanding: | ||||||||||||||||||||
Basic | 32,693 | 33,174 | 32,663 | 32,676 | 33,154 | |||||||||||||||
Diluted | 32,900 | 33,394 | 32,984 | 32,940 | 33,356 |
三個月已結束 | 六個月已結束 | |||||||||||||||||||
十二月三十一日 | 9月30日 | 十二月三十一日 | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
收入 | ||||||||||||||||||||
原油 | $ | 11,759 | $ | 13,100 | $ | 12,616 | $ | 24,375 | $ | 28,263 | ||||||||||
天然氣 | 6,531 | 17,370 | 5,552 | 12,083 | 37,218 | |||||||||||||||
液化天然氣 | 2,734 | 3,206 | 2,433 | 5,167 | 7,992 | |||||||||||||||
總收入 | 21,024 | 33,676 | 20,601 | 41,625 | 73,473 | |||||||||||||||
運營成本 | ||||||||||||||||||||
租賃運營成本 | 12,358 | 15,041 | 11,883 | 24,241 | 34,157 | |||||||||||||||
損耗、折舊和增量 | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | |||||||||||||||
一般和管理費用 | 2,502 | 2,581 | 2,603 | 5,105 | 5,053 | |||||||||||||||
總運營成本 | 19,458 | 21,080 | 18,748 | 38,206 | 46,266 | |||||||||||||||
運營收入(虧損) | 1,566 | 12,596 | 1,853 | 3,419 | 27,207 | |||||||||||||||
其他收入(支出) | ||||||||||||||||||||
衍生品合約的淨收益(虧損) | — | 846 | — | — | 243 | |||||||||||||||
利息和其他收入 | 104 | 7 | 116 | 220 | 13 | |||||||||||||||
利息支出 | (34) | (129) | (32) | (66) | (372) | |||||||||||||||
所得稅前收入(虧損) | 1,636 | 13,320 | 1,937 | 3,573 | 27,091 | |||||||||||||||
所得稅(費用)補助 | (554) | (2,933) | (463) | (1,017) | (5,997) | |||||||||||||||
淨收益(虧損) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
普通股每股淨收益(虧損): | ||||||||||||||||||||
基本 | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.63 | ||||||||||
稀釋 | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.62 | ||||||||||
已發行普通股的加權平均數: | ||||||||||||||||||||
基本 | 32,693 | 33,174 | 32,663 | 32,676 | 33,154 | |||||||||||||||
稀釋 | 32,900 | 33,394 | 32,984 | 32,940 | 33,356 |
Evolution Petroleum Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share amounts)
進化石油公司
簡明合併資產負債表(未經審計)
(以千計,股票和每股金額除外)
December 31, 2023 | June 30, 2023 | |||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | $ | 8,460 | $ | 11,034 | ||
Receivables from crude oil, natural gas, and natural gas liquids revenues | 10,119 | 7,884 | ||||
Prepaid expenses and other current assets | 2,569 | 2,277 | ||||
Total current assets | 21,148 | 21,195 | ||||
Property and equipment, net of depletion, depreciation, and impairment | ||||||
Oil and natural gas properties—full-cost method of accounting: | ||||||
Oil and natural gas properties, subject to amortization, net | 100,111 | 105,781 | ||||
Oil and natural gas properties, not subject to amortization | 3,370 | — | ||||
Total property and equipment, net | 103,481 | 105,781 | ||||
Other assets | 1,337 | 1,341 | ||||
Total assets | $ | 125,966 | $ | 128,317 | ||
Liabilities and Stockholders' Equity | ||||||
Current liabilities | ||||||
Accounts payable | $ | 8,233 | $ | 5,891 | ||
Accrued liabilities and other | 6,294 | 6,027 | ||||
State and federal taxes payable | — | 365 | ||||
Total current liabilities | 14,527 | 12,283 | ||||
Long term liabilities | ||||||
Deferred income taxes | 6,161 | 6,803 | ||||
Asset retirement obligations | 17,738 | 17,012 | ||||
Operating lease liability | 101 | 125 | ||||
Total liabilities | 38,527 | 36,223 | ||||
Commitments and contingencies | ||||||
Stockholders' equity | ||||||
Common stock; par value $0.001; 100,000,000 shares authorized: issued and | ||||||
outstanding 33,506,794 and 33,247,523 shares as of December 31, 2023 | ||||||
and June 30, 2023, respectively | 34 | 33 | ||||
Additional paid-in capital | 40,920 | 40,098 | ||||
Retained earnings | 46,485 | 51,963 | ||||
Total stockholders' equity | 87,439 | 92,094 | ||||
Total liabilities and stockholders' equity | $ | 125,966 | $ | 128,317 |
2023年12月31日 | 2023年6月30日 | |||||
資產 | ||||||
流動資產 | ||||||
現金和現金等價物 | $ | 8,460 | $ | 11,034 | ||
來自原油、天然氣和液化天然氣收入的應收賬款 | 10,119 | 7,884 | ||||
預付費用和其他流動資產 | 2,569 | 2,277 | ||||
流動資產總額 | 21,148 | 21,195 | ||||
財產和設備,扣除損耗、折舊和減值 | ||||||
石油和天然氣財產——全額成本會計法: | ||||||
石油和天然氣財產,需攤銷,淨額 | 100,111 | 105,781 | ||||
石油和天然氣地產,無需攤銷 | 3,370 | — | ||||
財產和設備總額,淨額 | 103,481 | 105,781 | ||||
其他資產 | 1,337 | 1,341 | ||||
總資產 | $ | 125,966 | $ | 128,317 | ||
負債和股東權益 | ||||||
流動負債 | ||||||
應付賬款 | $ | 8,233 | $ | 5,891 | ||
應計負債和其他 | 6,294 | 6,027 | ||||
州和聯邦應繳稅款 | — | 365 | ||||
流動負債總額 | 14,527 | 12,283 | ||||
長期負債 | ||||||
遞延所得稅 | 6,161 | 6,803 | ||||
資產報廢債務 | 17,738 | 17,012 | ||||
經營租賃責任 | 101 | 125 | ||||
負債總額 | 38,527 | 36,223 | ||||
承付款和意外開支 | ||||||
股東權益 | ||||||
普通股;面值0.001美元;已授權1億股:已發行和 | ||||||
截至2023年12月31日,已發行33,506,794股和33,247,523股股票 | ||||||
分別是 2023 年 6 月 30 日和 | 34 | 33 | ||||
額外的實收資本 | 40,920 | 40,098 | ||||
留存收益 | 46,485 | 51,963 | ||||
股東權益總額 | 87,439 | 92,094 | ||||
負債和股東權益總額 | $ | 125,966 | $ | 128,317 |
Evolution Petroleum Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
進化石油公司
簡明合併現金流量表(未經審計)
(以千計)
Three Months Ended | Six Months Ended | |||||||||||||||||||
December 31, | September 30, | December 31, | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||
Net income (loss) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||||||||||||
Depletion, depreciation, and accretion | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | |||||||||||||||
Stock-based compensation | 564 | 494 | 472 | 1,036 | 702 | |||||||||||||||
Settlement of asset retirement obligations | — | (64) | — | — | (71) | |||||||||||||||
Deferred income taxes | (567) | (319) | (75) | (642) | (355) | |||||||||||||||
Unrealized (gain) loss on derivative contracts | — | (1,070) | — | — | (2,189) | |||||||||||||||
Accrued settlements on derivative contracts | — | (699) | — | — | (919) | |||||||||||||||
Other | 3 | 4 | — | 3 | (4) | |||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||
Receivables from crude oil, natural gas, and natural gas liquids revenues | 447 | 1,309 | (2,686) | (2,239) | 8,113 | |||||||||||||||
Prepaid expenses and other current assets | (443) | (349) | 169 | (274) | (316) | |||||||||||||||
Accounts payable and accrued liabilities | 2,123 | (225) | 320 | 2,443 | (5,398) | |||||||||||||||
State and federal income taxes payable | (753) | (2,522) | 388 | (365) | 56 | |||||||||||||||
Net cash provided by operating activities | 7,054 | 10,404 | 4,324 | 11,378 | 27,769 | |||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||
Acquisition of oil and natural gas properties | — | — | — | — | (31) | |||||||||||||||
Capital expenditures for oil and natural gas properties | (3,878) | (1,038) | (1,827) | (5,705) | (2,886) | |||||||||||||||
Net cash used in investing activities | (3,878) | (1,038) | (1,827) | (5,705) | (2,917) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
Common stock dividends paid | (4,021) | (4,059) | (4,013) | (8,034) | (8,085) | |||||||||||||||
Common stock repurchases, including stock surrendered for tax withholding | (108) | (61) | (105) | (213) | (87) | |||||||||||||||
Repayments of senior secured credit facility | — | (12,250) | — | — | (21,250) | |||||||||||||||
Net cash (used in) provided by financing activities | (4,129) | (16,370) | (4,118) | (8,247) | (29,422) | |||||||||||||||
Net increase (decrease) in cash and cash equivalents | (953) | (7,004) | (1,621) | (2,574) | (4,570) | |||||||||||||||
Cash and cash equivalents, beginning of period | 9,413 | 10,714 | 11,034 | 11,034 | 8,280 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 8,460 | $ | 3,710 | $ | 9,413 | $ | 8,460 | $ | 3,710 |
三個月已結束 | 六個月已結束 | |||||||||||||||||||
十二月三十一日 | 9月30日 | 十二月三十一日 | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
來自經營活動的現金流: | ||||||||||||||||||||
淨收益(虧損) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
爲將淨收益(虧損)與經營活動提供的淨現金進行對賬而進行的調整: | ||||||||||||||||||||
損耗、折舊和增量 | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | |||||||||||||||
基於股票的薪酬 | 564 | 494 | 472 | 1,036 | 702 | |||||||||||||||
資產報廢債務的結算 | — | (64) | — | — | (71) | |||||||||||||||
遞延所得稅 | (567) | (319) | (75) | (642) | (355) | |||||||||||||||
衍生品合約的未實現(收益)虧損 | — | (1,070) | — | — | (2,189) | |||||||||||||||
衍生品合約的應計結算 | — | (699) | — | — | (919) | |||||||||||||||
其他 | 3 | 4 | — | 3 | (4) | |||||||||||||||
運營資產和負債的變化: | ||||||||||||||||||||
來自原油、天然氣和液化天然氣收入的應收賬款 | 447 | 1,309 | (2,686) | (2,239) | 8,113 | |||||||||||||||
預付費用和其他流動資產 | (443) | (349) | 169 | (274) | (316) | |||||||||||||||
應付賬款和應計負債 | 2,123 | (225) | 320 | 2,443 | (5,398) | |||||||||||||||
應繳州和聯邦所得稅 | (753) | (2,522) | 388 | (365) | 56 | |||||||||||||||
經營活動提供的淨現金 | 7,054 | 10,404 | 4,324 | 11,378 | 27,769 | |||||||||||||||
來自投資活動的現金流: | ||||||||||||||||||||
收購石油和天然氣資產 | — | — | — | — | (31) | |||||||||||||||
石油和天然氣物業的資本支出 | (3,878) | (1,038) | (1,827) | (5,705) | (2,886) | |||||||||||||||
用於投資活動的淨現金 | (3,878) | (1,038) | (1,827) | (5,705) | (2,917) | |||||||||||||||
來自融資活動的現金流: | ||||||||||||||||||||
已支付的普通股股息 | (4,021) | (4,059) | (4,013) | (8,034) | (8,085) | |||||||||||||||
普通股回購,包括爲預扣稅而上繳的股票 | (108) | (61) | (105) | (213) | (87) | |||||||||||||||
償還優先擔保信貸額度 | — | (12,250) | — | — | (21,250) | |||||||||||||||
融資活動提供的(用於)淨現金 | (4,129) | (16,370) | (4,118) | (8,247) | (29,422) | |||||||||||||||
現金和現金等價物的淨增加(減少) | (953) | (7,004) | (1,621) | (2,574) | (4,570) | |||||||||||||||
現金和現金等價物,期初 | 9,413 | 10,714 | 11,034 | 11,034 | 8,280 | |||||||||||||||
現金和現金等價物,期末 | $ | 8,460 | $ | 3,710 | $ | 9,413 | $ | 8,460 | $ | 3,710 |
Evolution Petroleum Corporation
Non-GAAP Reconciliation – Adjusted EBITDA (Unaudited)
(In thousands)
進化石油公司
非公認會計准則對賬——調整後的息稅折舊攤銷前利潤(未經審計)
(以千計)
Adjusted EBITDA and Net income (loss) and earnings per share excluding selected items are non-GAAP financial measures that are used as supplemental financial measures by our management and by external users of our financial statements, such as investors, commercial banks, and others, to assess our operating performance as compared to that of other companies in our industry, without regard to financing methods, capital structure, or historical costs basis. We use these measures to assess our ability to incur and service debt and fund capital expenditures. Our Adjusted EBITDA and Net income (loss) and earnings per share, excluding selected items, should not be considered alternatives to net income (loss), operating income (loss), cash flows provided by (used in) operating activities, or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our Adjusted EBITDA and Net income (loss) and earnings per share excluding selected items may not be comparable to similarly titled measures of another company because all companies may not calculate Adjusted EBITDA and Net income (loss) and earnings per share excluding selected items in the same manner.
調整後的息稅折舊攤銷前利潤和淨收益(虧損)和每股收益(不包括選定項目)是非公認會計准則財務指標,我們的管理層和財務報表的外部用戶(例如投資者、商業銀行等)用作補充財務指標,用於評估我們與行業中其他公司相比的經營業績,而不考慮融資方式、資本結構或歷史成本基礎。我們使用這些衡量標準來評估我們承擔和償還債務以及爲資本支出提供資金的能力。我們調整後的息稅折舊攤銷前利潤、淨收益(虧損)和每股收益(不包括選定項目)不應被視爲淨收益(虧損)、營業收入(虧損)、(用於)經營活動提供的現金流或根據美國公認會計原則列報的任何其他財務業績或流動性指標的替代方案。我們調整後的息稅折舊攤銷前利潤和淨收益(虧損)和每股收益(不包括選定項目)可能無法與另一家公司的類似標題指標進行比較,因爲所有公司可能無法以相同的方式計算調整後的息稅折舊攤銷前利潤和淨收益(虧損)和每股收益(不包括選定項目)。
We define Adjusted EBITDA as net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion, and accretion (DD&A), stock-based compensation, ceiling test impairment, and other impairments, unrealized loss (gain) on change in fair value of derivatives, and other non-recurring or non-cash expense (income) items.
我們將調整後的息稅折舊攤銷前利潤定義爲淨收益(虧損)加上利息支出、所得稅支出(收益)、折舊、損耗和增加(DD&A)、股票薪酬、上限測試減值和其他減值、衍生品公允價值變動產生的未實現虧損(收益)以及其他非經常性或非現金支出(收入)項目。
Three Months Ended | Six Months Ended | ||||||||||||||||
December 31, | September 30, | December 31, | |||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | |||||||||||||
Net income (loss) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | |||||||
Adjusted by: | |||||||||||||||||
Interest expense | 34 | 129 | 32 | 66 | 372 | ||||||||||||
Income tax expense (benefit) | 554 | 2,933 | 463 | 1,017 | 5,997 | ||||||||||||
Depletion, depreciation, and accretion | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | ||||||||||||
Stock-based compensation | 564 | 494 | 472 | 1,036 | 702 | ||||||||||||
Unrealized loss (gain) on derivative contracts | — | (1,070) | — | — | (2,189) | ||||||||||||
Severance | — | — | — | — | 74 | ||||||||||||
Transaction costs | — | 115 | — | — | 345 | ||||||||||||
Adjusted EBITDA | $ | 6,832 | $ | 16,446 | $ | 6,703 | $ | 13,535 | $ | 33,451 |
三個月已結束 | 六個月已結束 | ||||||||||||||||
十二月三十一日 | 9月30日 | 十二月三十一日 | |||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | |||||||||||||
淨收益(虧損) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | |||||||
調整者: | |||||||||||||||||
利息支出 | 34 | 129 | 32 | 66 | 372 | ||||||||||||
所得稅支出(福利) | 554 | 2,933 | 463 | 1,017 | 5,997 | ||||||||||||
損耗、折舊和增量 | 4,598 | 3,458 | 4,262 | 8,860 | 7,056 | ||||||||||||
基於股票的薪酬 | 564 | 494 | 472 | 1,036 | 702 | ||||||||||||
衍生品合約的未實現虧損(收益) | — | (1,070) | — | — | (2,189) | ||||||||||||
遣散費 | — | — | — | — | 74 | ||||||||||||
交易成本 | — | 115 | — | — | 345 | ||||||||||||
調整後 EBITDA | $ | 6,832 | $ | 16,446 | $ | 6,703 | $ | 13,535 | $ | 33,451 |
Evolution Petroleum Corporation
Non-GAAP Reconciliation – Adjusted Net Income (Unaudited)
(In thousands, except per share amounts)
進化石油公司
非公認會計准則對賬——調整後淨收益(未經審計)
(以千計,每股金額除外)
Three Months Ended | Six Months Ended | |||||||||||||||||||
December 31, | September 30, | December 31, | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
As Reported: | ||||||||||||||||||||
Net income (loss), as reported | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
Impact of Selected Items: | ||||||||||||||||||||
Unrealized loss (gain) on commodity contracts | — | (1,070) | — | — | (2,189) | |||||||||||||||
Severance | — | — | — | — | 74 | |||||||||||||||
Transaction costs | — | 115 | — | — | 345 | |||||||||||||||
Selected items, before income taxes | $ | — | $ | (955) | $ | — | $ | — | $ | (1,770) | ||||||||||
Income tax effect of selected items(1) | — | (214) | — | — | (397) | |||||||||||||||
Selected items, net of tax | $ | — | $ | (741) | $ | — | $ | — | $ | (1,373) | ||||||||||
As Adjusted: | ||||||||||||||||||||
Net income (loss), excluding selected items(2) | $ | 1,082 | $ | 9,646 | $ | 1,474 | $ | 2,556 | $ | 19,721 | ||||||||||
Undistributed earnings allocated to unvested restricted stock | (24) | (151) | (26) | (51) | (256) | |||||||||||||||
Net income (loss), excluding selected items for earnings per share calculation | $ | 1,058 | $ | 9,495 | $ | 1,448 | $ | 2,505 | $ | 19,465 | ||||||||||
Net income (loss) per common share — Basic, as reported | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.63 | ||||||||||
Impact of selected items | — | (0.02) | — | — | (0.04) | |||||||||||||||
Net income (loss) per common share — Basic, excluding selected items(2) | $ | 0.03 | $ | 0.29 | $ | 0.04 | $ | 0.08 | $ | 0.59 | ||||||||||
Net income (loss) per common share — Diluted, as reported | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.62 | ||||||||||
Impact of selected items | — | (0.03) | — | — | (0.04) | |||||||||||||||
Net income (loss) per common share — Diluted, excluding selected items(2)(3) | $ | 0.03 | $ | 0.28 | $ | 0.04 | $ | 0.08 | $ | 0.58 |
三個月已結束 | 六個月已結束 | |||||||||||||||||||
十二月三十一日 | 9月30日 | 十二月三十一日 | ||||||||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | ||||||||||||||||
據報道: | ||||||||||||||||||||
報告的淨收益(虧損) | $ | 1,082 | $ | 10,387 | $ | 1,474 | $ | 2,556 | $ | 21,094 | ||||||||||
選定物品的影響: | ||||||||||||||||||||
商品合約的未實現虧損(收益) | — | (1,070) | — | — | (2,189) | |||||||||||||||
遣散費 | — | — | — | — | 74 | |||||||||||||||
交易成本 | — | 115 | — | — | 345 | |||||||||||||||
所得稅前所選項目 | $ | — | $ | (955) | $ | — | $ | — | $ | (1,770) | ||||||||||
所選項目對所得稅的影響(1) | — | (214) | — | — | (397) | |||||||||||||||
選定項目,扣除稅款 | $ | — | $ | (741) | $ | — | $ | — | $ | (1,373) | ||||||||||
調整後: | ||||||||||||||||||||
淨收益(虧損),不包括選定項目(2) | $ | 1,082 | $ | 9,646 | $ | 1,474 | $ | 2,556 | $ | 19,721 | ||||||||||
分配給未歸屬限制性股票的未分配收益 | (24) | (151) | (26) | (51) | (256) | |||||||||||||||
淨收益(虧損),不包括計算每股收益的選定項目 | $ | 1,058 | $ | 9,495 | $ | 1,448 | $ | 2,505 | $ | 19,465 | ||||||||||
每股普通股淨收益(虧損)——基本,如報告所示 | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.63 | ||||||||||
選定項目的影響 | — | (0.02) | — | — | (0.04) | |||||||||||||||
每股普通股淨收益(虧損)——基本,不包括選定項目(2) | $ | 0.03 | $ | 0.29 | $ | 0.04 | $ | 0.08 | $ | 0.59 | ||||||||||
每股普通股淨收益(虧損)——攤薄,如報告所示 | $ | 0.03 | $ | 0.31 | $ | 0.04 | $ | 0.08 | $ | 0.62 | ||||||||||
選定項目的影響 | — | (0.03) | — | — | (0.04) | |||||||||||||||
每股普通股淨收益(虧損)——攤薄,不包括選定項目(2) (3) | $ | 0.03 | $ | 0.28 | $ | 0.04 | $ | 0.08 | $ | 0.58 |
(1) For the three and six months ended December 31, 2022, represents the tax impact using an estimated tax rate of 22.4%.
(2) Net income (loss) and earnings per share excluding selected items are non-GAAP financial measures presented as supplemental financial measures to enable a user of the financial information to understand the impact of these items on reported results. These financial measures should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities, or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our Adjusted Net Income (Loss) and earnings per share may not be comparable to similarly titled measures of another company because all companies may not calculate Adjusted Net Income (Loss) and earnings per share in the same manner.
(3) The impact of selected items for the three months ended December 31, 2023 and 2022 was calculated based upon weighted average diluted shares of 32.9 million and 33.4 million, respectively, due to the net income (loss), excluding selected items. The impact of selected items for the three months ended September 30, 2023 was calculated based upon weighted average diluted shares of 33.0 million, due to the net income (loss), excluding selected items. The impact of selected items for the six months ended December 31, 2023 and 2022 was calculated based upon weighted average diluted shares of 32.9 million and 33.4 million, respectively, due to the net income (loss), excluding selected items.
(1) 在截至2022年12月31日的三個月和六個月中,使用22.4%的估計稅率表示稅收影響。
(2) 淨收益(虧損)和不包括選定項目的每股收益是作爲補充財務指標列報的非公認會計准則財務指標,旨在使財務信息的用戶能夠了解這些項目對報告業績的影響。不應將這些財務指標視爲淨收益(虧損)、營業收入(虧損)、(用於)經營活動提供的現金流或根據美國公認會計原則列報的任何其他財務業績或流動性衡量標準的替代方案。我們的調整後淨收益(虧損)和每股收益可能無法與其他公司的類似標題的指標相提並論,因爲所有公司可能無法以相同的方式計算調整後淨收益(虧損)和每股收益。
(3) 截至2023年12月31日和2022年12月31日的三個月,選定項目的影響是根據不包括選定項目的淨收益(虧損)的加權平均攤薄後股票分別爲3,290萬股和3,340萬股計算得出的。截至2023年9月30日的三個月,選定項目的影響是根據淨收益(虧損)(不包括選定項目)的攤薄後加權平均股數3,300萬股計算得出的。截至2023年12月31日和2022年12月31日的六個月中,選定項目的影響是根據淨收益(虧損)(不包括選定項目)的加權平均攤薄後股票分別爲3,290萬股和3,340萬股計算得出的。
Evolution Petroleum Corporation
Supplemental Information on Oil and Natural Gas Operations (Unaudited)
(In thousands, except per unit and per BOE amounts)
進化石油公司
石油和天然氣業務補充信息(未經審計)
(以千計,每單位和每英國央行金額除外)
Three Months Ended | Six Months Ended | ||||||||||||||
December 31, | September 30, | December 31, | |||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | |||||||||||
Revenues: | |||||||||||||||
Crude oil | $ | 11,759 | $ | 13,100 | $ | 12,616 | $ | 24,375 | $ | 28,263 | |||||
Natural gas | 6,531 | 17,370 | 5,552 | 12,083 | 37,218 | ||||||||||
Natural gas liquids | 2,734 | 3,206 | 2,433 | 5,167 | 7,992 | ||||||||||
Total revenues | $ | 21,024 | $ | 33,676 | $ | 20,601 | $ | 41,625 | $ | 73,473 | |||||
Lease operating costs: | |||||||||||||||
CO2 costs | $ | 1,628 | $ | 2,007 | $ | 1,578 | $ | 3,206 | $ | 4,206 | |||||
Ad valorem and production taxes | 1,272 | 2,096 | 1,278 | 2,550 | 5,359 | ||||||||||
Other lease operating costs | 9,458 | 10,938 | 9,027 | 18,485 | 24,592 | ||||||||||
Total lease operating costs | $ | 12,358 | $ | 15,041 | $ | 11,883 | $ | 24,241 | $ | 34,157 | |||||
Depletion of full cost proved oil and natural gas properties | $ | 4,238 | $ | 3,178 | $ | 3,910 | $ | 8,148 | $ | 6,500 | |||||
Production: | |||||||||||||||
Crude oil (MBBL) | 159 | 166 | 161 | 320 | 334 | ||||||||||
Natural gas (MMCF) | 1,951 | 2,367 | 2,025 | 3,976 | 4,861 | ||||||||||
Natural gas liquids (MBBL) | 96 | 106 | 95 | 191 | 221 | ||||||||||
Equivalent (MBOE)(1) | 580 | 667 | 594 | 1,174 | 1,365 | ||||||||||
Average daily production (BOEPD)(1) | 6,304 | 7,250 | 6,457 | 6,380 | 7,418 | ||||||||||
Average price per unit(2): | |||||||||||||||
Crude oil (BBL) | $ | 73.96 | $ | 78.92 | $ | 78.36 | $ | 76.17 | $ | 84.62 | |||||
Natural gas (MCF) | 3.35 | 7.34 | 2.74 | 3.04 | 7.66 | ||||||||||
Natural Gas Liquids (BBL) | 28.48 | 30.25 | 25.61 | 27.05 | 36.16 | ||||||||||
Equivalent (BOE)(1) | $ | 36.25 | $ | 50.49 | $ | 34.68 | $ | 35.46 | $ | 53.83 | |||||
Average cost per unit: | |||||||||||||||
CO2 costs | $ | 2.81 | $ | 3.01 | $ | 2.66 | $ | 2.73 | $ | 3.08 | |||||
Ad valorem and production taxes | 2.19 | 3.14 | 2.15 | 2.17 | 3.93 | ||||||||||
Other lease operating costs | 16.31 | 16.40 | 15.20 | 15.75 | 18.02 | ||||||||||
Total lease operating costs | $ | 21.31 | $ | 22.55 | $ | 20.01 | $ | 20.65 | $ | 25.03 | |||||
Depletion of full cost proved oil and natural gas properties | $ | 7.31 | $ | 4.76 | $ | 6.58 | $ | 6.94 | $ | 4.76 | |||||
CO2 costs per MCF | $ | 0.97 | $ | 1.01 | $ | 0.90 | $ | 0.98 | $ | 1.06 | |||||
CO2 volumes (MMCF per day, gross) | 76.4 | 90.7 | 72.4 | 74.4 | 90.4 |
三個月已結束 | 六個月已結束 | ||||||||||||||
十二月三十一日 | 9月30日 | 十二月三十一日 | |||||||||||||
2023 | 2022 | 2023 | 2023 | 2022 | |||||||||||
收入: | |||||||||||||||
原油 | $ | 11,759 | $ | 13,100 | $ | 12,616 | $ | 24,375 | $ | 28,263 | |||||
天然氣 | 6,531 | 17,370 | 5,552 | 12,083 | 37,218 | ||||||||||
液化天然氣 | 2,734 | 3,206 | 2,433 | 5,167 | 7,992 | ||||||||||
總收入 | $ | 21,024 | $ | 33,676 | $ | 20,601 | $ | 41,625 | $ | 73,473 | |||||
租賃運營成本: | |||||||||||||||
CO2 成本 | $ | 1,628 | $ | 2,007 | $ | 1,578 | $ | 3,206 | $ | 4,206 | |||||
從價稅和生產稅 | 1,272 | 2,096 | 1,278 | 2,550 | 5,359 | ||||||||||
其他租賃運營成本 | 9,458 | 10,938 | 9,027 | 18,485 | 24,592 | ||||||||||
租賃運營成本總額 | $ | 12,358 | $ | 15,041 | $ | 11,883 | $ | 24,241 | $ | 34,157 | |||||
已證實的石油和天然氣資產的全部成本耗盡 | $ | 4,238 | $ | 3178 | $ | 3,910 | $ | 8,148 | $ | 6,500 | |||||
製作: | |||||||||||||||
原油 (MBBL) | 159 | 166 | 161 | 320 | 334 | ||||||||||
天然氣 (MMCF) | 1,951 | 2,367 | 2,025 | 3,976 | 4,861 | ||||||||||
液化天然氣 (MBBL) | 96 | 106 | 95 | 191 | 221 | ||||||||||
等效 (MBOE)(1) | 580 | 667 | 594 | 1,174 | 1,365 | ||||||||||
平均日產量 (BOEPD)(1) | 6,304 | 7,250 | 6,457 | 6,380 | 7,418 | ||||||||||
每單位平均價格(2): | |||||||||||||||
原油 (BBL) | $ | 73.96 | $ | 78.92 | $ | 78.36 | $ | 76.17 | $ | 84.62 | |||||
天然氣 (MCF) | 3.35 | 7.34 | 2.74 | 3.04 | 7.66 | ||||||||||
液化天然氣 (BBL) | 28.48 | 30.25 | 25.61 | 27.05 | 36.16 | ||||||||||
等值(英國央行)(1) | $ | 36.25 | $ | 50.49 | $ | 34.68 | $ | 35.46 | $ | 53.83 | |||||
每單位的平均成本: | |||||||||||||||
CO2 成本 | $ | 2.81 | $ | 3.01 | $ | 2.66 | $ | 2.73 | $ | 3.08 | |||||
從價稅和生產稅 | 2.19 | 3.14 | 2.15 | 2.17 | 3.93 | ||||||||||
其他租賃運營成本 | 16.31 | 16.40 | 15.20 | 15.75 | 18.02 | ||||||||||
租賃運營成本總額 | $ | 21.31 | $ | 22.55 | $ | 20.01 | $ | 20.65 | $ | 25.03 | |||||
已證實的石油和天然氣資產的全部成本耗盡 | $ | 7.31 | $ | 4.76 | $ | 6.58 | $ | 6.94 | $ | 4.76 | |||||
CO2 每個 MCF 的成本 | $ | 0.97 | $ | 1.01 | $ | 0.90 | $ | 0.98 | $ | 1.06 | |||||
CO2 交易量(每天 MMCF,總量) | 76.4 | 90.7 | 72.4 | 74.4 | 90.4 |
(1) Equivalent oil reserves are defined as six MCF of natural gas and 42 gallons of NGLs to one barrel of oil conversion ratio which reflects energy equivalence and not price equivalence. Natural gas prices per MCF and NGL prices per barrel often differ significantly from the equivalent amount of oil.
(2) Amounts exclude the impact of cash paid or received on the settlement of derivative contracts since we did not elect to apply hedge accounting.
(1) 等效石油儲量定義爲六立方英尺的天然氣和42加侖的液化天然氣與一桶石油的轉化比率,這反映了能源等效性,而不是價格等效性。每立方英尺的天然氣價格和每桶液化天然氣價格通常與等量石油有很大差異。
(2) 金額不包括支付或收到的現金對衍生品合約結算的影響,因爲我們沒有選擇使用套期保值會計。
Evolution Petroleum Corporation
Summary of Production Volumes, Average Sales Price, and Average Production Costs (Unaudited)
進化石油公司
產量、平均銷售價格和平均生產成本摘要(未經審計)
Three Months Ended | ||||||||||||||||||
December 31, | September 30, | |||||||||||||||||
2023 | 2022 | 2023 | ||||||||||||||||
Volume | Price | Volume | Price | Volume | Price | |||||||||||||
Production: | ||||||||||||||||||
Crude oil (MBBL) | ||||||||||||||||||
Jonah Field | 8 | $ | 80.25 | 9 | $ | 85.21 | 9 | $ | 88.41 | |||||||||
Williston Basin | 35 | 71.71 | 34 | 82.31 | 40 | 78.94 | ||||||||||||
Barnett Shale | 2 | 76.77 | 2 | 78.11 | 1 | 74.96 | ||||||||||||
Hamilton Dome Field | 36 | 62.03 | 38 | 66.49 | 37 | 69.46 | ||||||||||||
Delhi Field | 78 | 79.02 | 82 | 83.50 | 73 | 81.54 | ||||||||||||
Other | — | — | 1 | 84.31 | 1 | 81.80 | ||||||||||||
Total | 159 | $ | 73.96 | 166 | $ | 78.92 | 161 | $ | 78.36 | |||||||||
Natural gas (MMCF) | ||||||||||||||||||
Jonah Field | 883 | $ | 4.87 | 950 | $ | 11.00 | 904 | $ | 3.69 | |||||||||
Williston Basin | 14 | 1.91 | 26 | 5.15 | 21 | 2.04 | ||||||||||||
Barnett Shale | 1,054 | 2.10 | 1,390 | 4.88 | 1,100 | 1.98 | ||||||||||||
Other | — | — | 1 | 5.95 | — | — | ||||||||||||
Total | 1,951 | $ | 3.35 | 2,367 | $ | 7.34 | 2,025 | $ | 2.74 | |||||||||
Natural gas liquids (MBBL) | ||||||||||||||||||
Jonah Field | 10 | $ | 25.88 | 7 | $ | 34.31 | 10 | $ | 27.06 | |||||||||
Williston Basin | 4 | 20.41 | 7 | 28.54 | 4 | 17.66 | ||||||||||||
Barnett Shale | 60 | 30.07 | 70 | 29.40 | 59 | 26.45 | ||||||||||||
Delhi Field | 22 | 26.90 | 22 | 32.15 | 22 | 23.64 | ||||||||||||
Other | — | — | — | — | — | — | ||||||||||||
Total | 96 | $ | 28.48 | 106 | $ | 30.25 | 95 | $ | 25.61 | |||||||||
Equivalent (MBOE)(1) | ||||||||||||||||||
Jonah Field | 165 | $ | 31.60 | 175 | $ | 65.75 | 170 | $ | 25.91 | |||||||||
Williston Basin | 41 | 63.22 | 45 | 69.36 | 48 | 68.56 | ||||||||||||
Barnett Shale | 238 | 17.61 | 304 | 29.62 | 243 | 15.77 | ||||||||||||
Hamilton Dome Field | 36 | 62.03 | 38 | 66.49 | 37 | 69.46 | ||||||||||||
Delhi Field | 100 | 67.63 | 104 | 72.38 | 95 | 68.24 | ||||||||||||
Other | — | — | 1 | — | 1 | 81.80 | ||||||||||||
Total | 580 | $ | 36.25 | 667 | $ | 50.49 | 594 | $ | 34.68 | |||||||||
Average daily production (BOEPD)(1) | ||||||||||||||||||
Jonah Field | 1,793 | 1,902 | 1,848 | |||||||||||||||
Williston Basin | 446 | 489 | 522 | |||||||||||||||
Barnett Shale | 2,587 | 3,304 | 2,641 | |||||||||||||||
Hamilton Dome Field | 391 | 413 | 402 | |||||||||||||||
Delhi Field | 1,087 | 1,131 | 1,033 | |||||||||||||||
Other | — | 11 | 11 | |||||||||||||||
Total | 6,304 | 7,250 | 6,457 | |||||||||||||||
Production costs (in thousands, except per BOE) | ||||||||||||||||||
Lease operating costs | Amount | per BOE | Amount | per BOE | Amount | per BOE | ||||||||||||
Jonah Field | $ | 2,392 | $ | 14.45 | $ | 3,042 | $ | 17.41 | $ | 2,562 | $ | 15.07 | ||||||
Williston Basin | 1,205 | 28.74 | 1,306 | 29.11 | 1,390 | 28.96 | ||||||||||||
Barnett Shale | 3,883 | 16.31 | 5,196 | 17.13 | 3,192 | 13.09 | ||||||||||||
Hamilton Dome Field | 1,404 | 39.43 | 1,344 | 35.82 | 1,337 | 36.55 | ||||||||||||
Delhi Field | 3,474 | 35.00 | 4,153 | 39.79 | 3,402 | 35.83 | ||||||||||||
Total | $ | 12,358 | $ | 21.31 | $ | 15,041 | $ | 22.55 | $ | 11,883 | $ | 20.01 |
三個月已結束 | ||||||||||||||||||
十二月三十一日 | 9月30日 | |||||||||||||||||
2023 | 2022 | 2023 | ||||||||||||||||
音量 | 價格 | 音量 | 價格 | 音量 | 價格 | |||||||||||||
製作: | ||||||||||||||||||
原油 (MBBL) | ||||||||||||||||||
喬納·菲爾德 | 8 | $ | 80.25 | 9 | $ | 85.21 | 9 | $ | 88.41 | |||||||||
威利斯頓盆地 | 35 | 71.71 | 34 | 82.31 | 40 | 78.94 | ||||||||||||
Barnett Shale | 2 | 76.77 | 2 | 78.11 | 1 | 74.96 | ||||||||||||
漢密爾頓圓頂場 | 36 | 62.03 | 38 | 66.49 | 37 | 69.46 | ||||||||||||
德里球場 | 78 | 79.02 | 82 | 83.50 | 73 | 81.54 | ||||||||||||
其他 | — | — | 1 | 84.31 | 1 | 81.80 | ||||||||||||
總計 | 159 | $ | 73.96 | 166 | $ | 78.92 | 161 | $ | 78.36 | |||||||||
天然氣 (MMCF) | ||||||||||||||||||
喬納·菲爾德 | 883 | $ | 4.87 | 950 | $ | 11.00 | 904 | $ | 3.69 | |||||||||
威利斯頓盆地 | 14 | 1.91 | 26 | 5.15 | 21 | 2.04 | ||||||||||||
Barnett Shale | 1,054 | 2.10 | 1,390 | 4.88 | 1,100 | 1.98 | ||||||||||||
其他 | — | — | 1 | 5.95 | — | — | ||||||||||||
總計 | 1,951 | $ | 3.35 | 2,367 | $ | 7.34 | 2,025 | $ | 2.74 | |||||||||
液化天然氣 (MBBL) | ||||||||||||||||||
喬納·菲爾德 | 10 | $ | 25.88 | 7 | $ | 34.31 | 10 | $ | 27.06 | |||||||||
威利斯頓盆地 | 4 | 20.41 | 7 | 28.54 | 4 | 17.66 | ||||||||||||
Barnett Shale | 60 | 30.07 | 70 | 29.40 | 59 | 26.45 | ||||||||||||
德里球場 | 22 | 26.90 | 22 | 32.15 | 22 | 23.64 | ||||||||||||
其他 | — | — | — | — | — | — | ||||||||||||
總計 | 96 | $ | 28.48 | 106 | $ | 30.25 | 95 | $ | 25.61 | |||||||||
等效 (MBOE)(1) | ||||||||||||||||||
喬納·菲爾德 | 165 | $ | 31.60 | 175 | $ | 65.75 | 170 | $ | 25.91 | |||||||||
威利斯頓盆地 | 41 | 63.22 | 45 | 69.36 | 48 | 68.56 | ||||||||||||
Barnett Shale | 238 | 17.61 | 304 | 29.62 | 243 | 15.77 | ||||||||||||
漢密爾頓圓頂場 | 36 | 62.03 | 38 | 66.49 | 37 | 69.46 | ||||||||||||
德里球場 | 100 | 67.63 | 104 | 72.38 | 95 | 68.24 | ||||||||||||
其他 | — | — | 1 | — | 1 | 81.80 | ||||||||||||
總計 | 580 | $ | 36.25 | 667 | $ | 50.49 | 594 | $ | 34.68 | |||||||||
平均日產量 (BOEPD)(1) | ||||||||||||||||||
喬納·菲爾德 | 1,793 | 1,902 | 1,848 | |||||||||||||||
威利斯頓盆地 | 446 | 489 | 522 | |||||||||||||||
Barnett Shale | 2,587 | 3,304 | 2641 | |||||||||||||||
漢密爾頓圓頂場 | 391 | 413 | 402 | |||||||||||||||
德里球場 | 1,087 | 1,131 | 1,033 | |||||||||||||||
其他 | — | 11 | 11 | |||||||||||||||
總計 | 6,304 | 7,250 | 6,457 | |||||||||||||||
生產成本(以千計,每個英國央行除外) | ||||||||||||||||||
租賃運營成本 | 金額 | 根據英國央行的說法 | 金額 | 根據英國央行的說法 | 金額 | 根據英國央行的說法 | ||||||||||||
喬納·菲爾德 | $ | 2,392 | $ | 14.45 | $ | 3,042 | $ | 17.41 | $ | 2,562 | $ | 15.07 | ||||||
威利斯頓盆地 | 1,205 | 28.74 | 1,306 | 29.11 | 1,390 | 28.96 | ||||||||||||
Barnett Shale | 3,883 | 16.31 | 5,196 | 17.13 | 3,192 | 13.09 | ||||||||||||
漢密爾頓圓頂場 | 1,404 | 39.43 | 1,344 | 35.82 | 1,337 | 36.55 | ||||||||||||
德里球場 | 3,474 | 35.00 | 4,153 | 39.79 | 3,402 | 35.83 | ||||||||||||
總計 | $ | 12,358 | $ | 21.31 | $ | 15,041 | $ | 22.55 | $ | 11,883 | $ | 20.01 |
(1) Equivalent oil reserves are defined as six MCF of natural gas and 42 gallons of NGLs to one barrel of oil conversion ratio which reflects energy equivalence and not price equivalence. Natural gas prices per MCF and NGL prices per barrel often differ significantly from the equivalent amount of oil.
(1) 等效石油儲量定義爲六立方英尺的天然氣和42加侖的液化天然氣與一桶石油的轉化比率,這反映了能源等效性,而不是價格等效性。每立方英尺的天然氣價格和每桶液化天然氣價格通常與等量石油有很大差異。