Evolution Petroleum closes USD 16 million Midland Basin mineral, royalty acquisition

• Evolution Petroleum closed a USD 16 million purchase of Midland Basin mineral and royalty interests, effective Aug. 1, 2026.
• Deal covers about 3,420 net royalty acres in Texas, adding high-margin cash flow with no lifting costs or drilling capital.
• Expected to generate about USD 3.9 million in next-12-month asset-level cash flow, implying a 4.1x multiple.
• Current production is about 210 BOE/d; output from the acquired interests is projected to more than double by end-fiscal 2029.
• Pro forma liquidity rises to about USD 19 million, supported by added borrowing capacity under the reserve-based credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evolution Petroleum Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608201640PRIMZONEFULLFEED9813884) on August 20, 2026, and is solely responsible for the information contained therein.