Bruce Brown's questions to Evolution Petroleum Corp (EPM) leadership • Q4 2024
Question
Bruce Brown of Brown Capital Management asked for clarification on the current outstanding balance of the company's asset-based lending (ABL) facility, specifically whether it had been reduced since the quarter-end figure reported on June 30.
Answer
CFO Ryan Stash clarified that while the company paid down the ABL facility by $3 million at the end of the fiscal year (from $42.5 million to $39.5 million), the outstanding balance has remained at that $39.5 million level since the end of the quarter.