Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Evolution Petroleum Corp.EPM · energy | |
|---|---|
| Grade |  C/Don the C/D boundary of 148 graded peers; percentile 62.6, sampling error 3.6 points; lower is stronger |
| Rank | 93 of 148 |
| Profitability | Bpercentile 35.1 |
| Solvency | Cpercentile 56.0 |
| Growth and financing | Dpercentile 68.9 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $168.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress, fortress balance sheet |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Sep 16, 202623 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $3.632026-10-08; market equity $146.0M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Sep 16, 2026; the document on sec.gov.
Note: See Glossary of Selected Petroleum Industry Terms starting on page iv. Evolution Petroleum Corporation (“Evolution,” and together with its consolidated subsidiaries, the “Company”, “our”, “we, “us” or similar terms) is an independent energy company focused on acquiring and developing long-lived oil and natural gas properties in the United States. Our diversified portfolio consists primarily of non-operated working interests and mineral and royalty interests across several leading producing basins.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 35.1 | |||||||
| Gross profitability | 21.3% | [1-3] | 17.5% | 35.0 | 81 | 2026-06-30 | |
| Return on invested capital | not computable | 6.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (15.8%) | [1,4-6] | (5.0%) | 11.1 | 271 | 2026-06-30 | |
| Gross margin stability, five years | 5.9 pts | [2-3,7-14] | 4.6 pts | 59.3 | 55 | 2026-06-30 | |
| Solvency, sleeve percentile 56.0 | |||||||
| Twelve-month failure probability | not computable | 0.06% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 0.76 | [1,15-20] | 1.48 | 59.6 | 152 | 2026-06-30 | |
| Net debt to EBITDA | not computable | 3.63x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.37x | |||||
| latest aligned inputs end 2023-06-30; latest annual assets end 2026-06-30 | |||||||
| Current ratio | 0.92x | [15-16] | 0.97x | 52.3 | 282 | 2026-06-30 | |
| Growth and financing, sleeve percentile 68.9 | |||||||
| Revenue growth, three-year compound | (12.4%) | [2,7,9,11] | 0.7% | 86.0 | 222 | 2026-06-30 | |
| Free cash flow growth, three-year compound | not computable | (11.8%) | |||||
| four consecutive annual FCF observations are required; found 0 | |||||||
| Reinvestment rate | not computable | 59.0% | |||||
| one or more required annual facts are missing | |||||||
| Asset growth, three years | 9.5% | [1,6,21-22] | 6.4% | 34.3 | 246 | 2026-06-30 | |
| Net share issuance, one year | 16.9% | [23-24] | 0.4% | 86.5 | 157 | 2026-09-11 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.074; sampling error 3.6 percentile points on 148 peers.
Among 148 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 88 | PPL Corp. (PPL) PPL Corp. (PPL) C/Don the C/D boundary; percentile 59.5 NYSE · Electric Services last close $34.10 No active warnings; 8 of 14 inputs | 59.5 | C/D | |
| 89 | PPL Corp. (PPLC) PPL Corp. (PPLC) C/Don the C/D boundary; percentile 59.5 NYSE · Electric Services last close $44.82 No active warnings; 8 of 14 inputs | 59.5 | C/D | |
| 90 | OGE Energy Corp. (OGE) OGE Energy Corp. (OGE) C/Don the C/D boundary; percentile 60.5 NYSE · Electric Services market equity $9.5B; last close $46.10 No active warnings; 11 of 14 inputs | 60.5 | C/D | |
| 91 | Edison International (EIX) Edison International (EIX) C/Don the C/D boundary; percentile 61.2 NYSE · Electric Services market equity $20.9B; last close $54.31 No active warnings; 9 of 14 inputs | 61.2 | C/D | |
| 92 | Centerpoint Energy Inc. (CNP) Centerpoint Energy Inc. (CNP) C/Don the C/D boundary; percentile 61.9 NYSE · Electric Services market equity $25.1B; last close $38.40 No active warnings; 10 of 14 inputs | 61.9 | C/D | |
| 93 | Evolution Petroleum Corp. (EPM) Evolution Petroleum Corp. (EPM) C/Don the C/D boundary; percentile 62.6 NYSE · Crude Petroleum & Natural Gas market equity $146.2M; last close $3.63 No active warnings; 8 of 14 inputs | 62.6 | C/D | |
| 94 | Alliant Energy Corp. (LNT) Alliant Energy Corp. (LNT) C/Don the C/D boundary; percentile 63.3 Nasdaq · Electric & Other Services Combined market equity $16.9B; last close $65.52 No active warnings; 8 of 14 inputs | 63.3 | C/D | |
| 95 | Clearway Energy, Inc. (CWEN) Clearway Energy, Inc. (CWEN) Dfourth fifth; percentile 63.9 NYSE · Electric Services market equity $6.1B; last close $29.94 No active warnings; 11 of 14 inputs | 63.9 | D | |
| 96 | Kinetik Holdings Inc. (KNTK) Kinetik Holdings Inc. (KNTK) Dfourth fifth; percentile 64.6 NYSE · Natural Gas Transmission market equity $7.2B; last close $54.38 No active warnings; 9 of 14 inputs | 64.6 | D | |
| 97 | Ameren Corp. (AEE) Ameren Corp. (AEE) Dfourth fifth; percentile 65.3 NYSE · Electric & Other Services Combined market equity $28.2B; last close $101.83 No active warnings; 7 of 14 inputs | 65.3 | D | |
| 98 | Atmos Energy Corp. (ATO) Atmos Energy Corp. (ATO) Dfourth fifth; percentile 66.0 NYSE · Natural Gas Distribution market equity $27.1B; last close $160.66 No active warnings; 8 of 14 inputs | 66.0 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 84.1 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 62.6 | 148 |
| same exchange, equal sleeves | E | 88.6 | 984 |
| sector peers, equal inputs | C/D | 61.2 | 148 |
Each letter is one fifth of the 148 graded peers, about 29 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (19.0%) | 15.5% | 6 | hotter than 6 of 100 peers |
| Distance from 52-week high | (26.5%) | (15.4%) | 22 | closer to its high than 22 of 100 peers |
| EBIT to enterprise value | not computable | 4.6% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 1.3% | required accounting or market input is missing | |
| Book value to price | 0.41 | 0.53 | 27 | pricier than 73 of 100 peers |
| Sales to price | 0.59 | 0.45 | 59 | pricier than 41 of 100 peers |
| Composite equity issuance, five years | (22.2%) | (7.2%) | 24 | more equity-funded than 24 of 100 peers |
| Relative strength against the sector, log excess return | (0.59) | 0.04 | 4 | ahead of 4 of 100 peers |
Inputs: market equity $146.2M; EBIT $3.5M; book equity $60.4M; sales $86.3M; cash $6.1M[23].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | (1.5%) | ✗ fail[4,6] |
| Operating cash flow above zero | $23.5M | ✓ pass[5] |
| Return on assets improved | (2.4 pts) | ✗ fail[4,6,21,25] |
| Operating cash flow exceeds net income | $25.9M | ✓ pass[4-5] |
| Long-term leverage fell | n/a[1,6,21] | |
| Current ratio improved | 10.5 pts | ✓ pass[15-16,26-27] |
| No new shares issued | 16.9% | ✗ fail[23-24] |
| Gross margin improved | (0.8 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 1.2 pts | ✓ pass[2,6-7,21] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $6.1M[28] |
| Operating cash flow, four quarters | $23.5M[5,28-31] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 23 |
| 10-K received Sep 16, 2026 | |
| Median daily dollar volume | $1.2M |
| 63 sessions | |
| Days since newest grade input | 23 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $168.7M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $86.3M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 3 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $50.3M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$2.4M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $23.5M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $160.3M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 7 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $85.8M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 8 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $49.3M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $85.9M | 2024-06-30 | 2025-09-17 | 10-K | filing · viewer · series |
| 10 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $48.3M | 2024-06-30 | 2025-09-17 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $128.5M | 2023-06-30 | 2024-09-11 | 10-K | filing · viewer · series |
| 12 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $59.5M | 2023-06-30 | 2024-09-11 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $108.9M | 2022-06-30 | 2023-09-13 | 10-K | filing · viewer · series |
| 14 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $48.7M | 2022-06-30 | 2023-09-13 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $20.5M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $22.4M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $5.8M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $3.5M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $60.4M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $108.3M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 21 | assets | us-gaap:Assets | $162.9M | 2024-06-30 | 2025-09-17 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $128.3M | 2023-06-30 | 2024-09-11 | 10-K | filing · viewer · series |
| 23 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 40,172,226 | 2026-09-11 | 2026-09-16 | 10-K | filing · viewer · series |
| 24 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 34,359,146 | 2025-09-12 | 2025-09-17 | 10-K | filing · viewer · series |
| 25 | net income | us-gaap:NetIncomeLoss | $1.5M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $17.4M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $21.4M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 28 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $6.1M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $16.7M | 2026-03-31 | 2026-05-13 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $13.2M | 2025-12-31 | 2026-02-11 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.8M | 2025-09-30 | 2025-11-12 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 62.6 is 2.6 points from the nearest band edge; sampling error is 3.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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