Brad (Analyst)'s questions to Evolution Petroleum Corp (EPM) leadership • Q3 2025
Question
Brad from Alliance Global Partners asked for a production breakout of the 850 BOE/day increase between Tex-Mex and Chaveroo, inquired about Q4 and fiscal '26 CapEx guidance, and questioned the rationale for adding a new bank to the credit facility.
Answer
President and CEO Kelly Loyd confirmed the Tex-Mex acquisition contributes about 440 BOE/day and that the 850 BOE/day total is a conservative figure, as the new Chaveroo wells are still climbing. CFO Ryan Stash stated it was too early for fiscal '26 CapEx guidance but the full-year fiscal '25 budget remains valid. He explained that adding Prism Bank to the credit facility was necessary to increase total commitments to $65 million while preserving their very favorable existing terms, as their primary lender, MidFirst Bank, was near its hold limit.