Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock is currently traded on the NYSE American under the ticker symbol "EPM".
−Removed: The following table shows, for each quarter of the fiscal years ended June 30, 2020 and 2019, the high and low sales prices for EPM as reported by the NYSE American.
+Added: Our common stock is currently traded on the NYSE American stock exchange under the ticker symbol “EPM”.
+Added: The following table shows, for each quarter of the fiscal years ended June 30, 2021 and 2020, the high and low sales prices for EPM as reported by the NYSE American stock exchange.
NYSE American:
18 unchanged sentences
As of June 30, 2021, we have paid 31 consecutive quarterly dividends on our common stock.
−Removed: In August 2020, the Company declared a $0.025 per share dividend payable on September 30, 2020.
+Added: In September 2021, the Company declared a $0.075 per share dividend payable on September 30, 2021.
Any future determination with regard to the payment of dividends will be at the discretion of the Board of Directors and will be dependent upon our future earnings, financial condition, results of operations, applicable dividend restrictions, capital requirements, and other factors deemed relevant by the Board of Directors.
−Removed: Under our current revolving credit facility, our ability to continue to pay common stock dividends is dependent on compliance with certain financial covenants related to debt service coverage, as defined in the agreement.
Performance Graph
−Removed: The following graph presents a comparison of the yearly percentage change in the cumulative total return on our Common Stock over the period from June 30, 2015 to June 30, 2020 with the cumulative total return of the S&P 500 Index and the S&P
−Removed: Oil & Gas Exploration and Production Index of publicly traded companies over the same period.
−Removed: The graph assumes that $100 was invested on June 30, 2015 in our common stock at the closing market price at the beginning of this period and in each of the other two indices and the reinvestment of all dividends, if any.
+Added: The following graph presents a comparison of the yearly percentage change in the cumulative total return on our Common Stock over the period from June 30, 2016 to June 30, 2021 with the cumulative total return of the S&P 500 Index and the S&P Oil & Gas Exploration and Production Index of publicly traded companies over the same period.
+Added: The graph assumes that $100 was invested on June 30, 2016 in our common stock at the closing market price at the beginning of this period and in each of
+Added: the other two indices and the reinvestment of all dividends, if any.
The graph is presented in accordance with requirements of the SEC.
1 unchanged sentence
Securities Authorized For Issuance Under Equity Compensation Plans
−Removed: Plan category
+Added: Plan category Number of
securities to
1 unchanged sentence
of outstanding
−Removed: Weighted-average
+Added: (a) Weighted-average
Options, warrants
−Removed: Number of securities
+Added: (b) Number of securities
available for future
7 unchanged sentences
Outstanding contingent rights to shares 323,080 (1) —
+Added: Total 323,080 $ — 2,206,294
Equity compensation plans not approved by security holders — — —
+Added: Total 323,080 $ — 2,206,294
(1) In December 2016, the Company adopted the Equity Incentive Plan (the “2016 Plan”), which authorized the issuance of 1,100,000 shares of common stock.
+Added: On December 9, 2020, an amendment to the 2016 Plan was approved by our stockholders that increased the number of shares available for issuance by 2,500,000 shares.
As of June 30, 2021, the Company has granted 1,444,230 awards under the 2016 Plan and 2,206,294 shares of common stock remain available for future grants.
3 unchanged sentences
The selected consolidated financial data, set forth below should be read in conjunction with Item 7 and Item 8.
+Added: 2021 2020 2019 2018 2017
Income Statement Data
−Removed: Cost of revenues
+Added: Revenues $ 32,702,354 $ 29,599,296 $ 43,229,621 $ 40,773,527 $ 34,253,681
+Added: Lease operating costs 16,587,052 13,505,502 14,266,784 11,685,817 10,604,594
Depreciation, depletion and amortization 5,166,626 5,761,498 6,253,083 6,102,288 5,779,069
−Removed: General and administrative expenses
Net loss on derivative contracts 614,645 1,383,204 — — —
+Added: General and administrative expenses 6,754,532 5,259,659 5,072,931 6,773,781 4,985,408
+Added: Impairment of proved property 24,792,079 — — — —
+Added: Impairment of Well Lift Inc.
+Added: - related assets 146,051 — — — —
Restructuring charges — — — — 4,488
−Removed: Income from operations
+Added: Income (loss) from operations (21,358,631) 3,689,433 17,636,823 16,211,641 12,880,122
Other income (expense) (63,564) 66,643 1,222,604 (25,126) 4,855
Income tax provision (benefit) (4,984,261) (2,180,996) 3,482,361 (3,431,969) 4,840,664
−Removed: Net income attributable to the Company
+Added: Net income (loss) attributable to the Company (16,437,934) 5,937,072 15,377,066 19,618,484 8,044,313
Dividends on preferred stock — — — — 250,990
Deemed dividend on preferred shares called for redemption — — — — 1,002,440
−Removed: Net income attributable to common shareholders
+Added: Net income (loss) attributable to common shareholders $ (16,437,934) $ 5,937,072 $ 15,377,066 $ 19,618,484 $ 6,790,883
Earnings per common share:
−Removed: June 30, 2020
−Removed: June 30, 2019
−Removed: June 30, 2018
−Removed: June 30, 2017
−Removed: June 30, 2016
+Added: Basic $ (0.49) $ 0.18 $ 0.46 $ 0.59 $ 0.21
+Added: Diluted $ (0.49) $ 0.18 $ 0.46 $ 0.59 $ 0.21
+Added: June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017
Balance Sheet Data
Total current assets $ 18,108,374 $ 25,316,698 $ 35,178,927 $ 32,147,556 $ 26,142,527
+Added: Total assets 76,705,662 92,138,236 95,761,844 93,662,544 88,268,668
Total current liabilities 6,594,160 4,278,859 2,752,694 4,430,214 2,718,894
3 unchanged sentences
Working capital 11,514,214 21,037,839 32,426,233 27,717,342 23,423,633
−Removed: Cash dividends to common shareholders
+Added: Common stock dividends 4,342,082 10,740,754 13,272,058 11,594,541 8,432,435
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.