Form 8-K

8-K — EVOLUTION PETROLEUM CORP

Accession: 0001104659-26-098332

Filed: 2026-08-18

Period: 2026-08-18

CIK: 0001006655

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Entry into a Material Definitive Agreement

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2623236d2_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2623236d2_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

August 18, 2026

Evolution Petroleum Corporation

(Exact name of registrant as specified in its charter)

001-32942

(Commission File Number)

Nevada

41-1781991

(State or Other Jurisdiction of Incorporation)

(I.R.S. Employer Identification No.)

1155 Dairy Ashford Road, Suite 425, Houston, Texas

77079

(Address of Principal Executive Offices)

(Zip Code)

(713) 935-0122

(Registrant’s Telephone Number, Including

Area Code)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction

A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange On Which Registered

Common Stock, $0.001 par value

EPM

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 1.01. Entry into a Material Definitive Agreement.

On August 18, 2026, Evolution Petroleum Corporation, a Nevada corporation

(the “Company”), through its wholly owned subsidiary, Evolution Minerals, LLC, a Delaware limited liability company, entered

into a Purchase and Sale Agreement (the “Purchase Agreement”) with a non-affiliated private seller (the “Seller”), to acquire certain mineral interests, royalty interests, and overriding royalty interests in oil and

gas properties in the Midland Basin located in Reagan, Upton, Glasscock, Midland and Martin Counties, Texas (the “Conveyed Assets”).

The transactions contemplated by the Purchase Agreement are referred to herein as the “Acquisition.”

Pursuant to the terms of the Purchase Agreement, the Company has agreed

to acquire the Conveyed Assets for aggregate consideration of $16,000,000 in cash (the “Base Purchase Price”), subject to

customary adjustments as set forth in the Purchase Agreement. The Acquisition is expected to close on or about August 21, 2026, with an

effective date of August 1, 2026.

The Company and the Seller each made certain representations, warranties

and covenants in the Purchase Agreement. The Company, on the one hand, and the Seller, on the other hand, agreed to indemnify each other

against certain losses resulting from breaches of their respective representations, warranties and covenants, subject to certain negotiated

limitations and survival periods set forth in the Purchase Agreement.

Completion of the Acquisition is subject to the satisfaction or waiver

of certain customary closing conditions as set forth in the Purchase Agreement. In addition, the Seller is required to have acquired the

Conveyed Assets pursuant to an Option Agreement to Purchase Minerals dated May 20, 2026 (the “Upstream Acquisition Agreement”)

prior to or concurrently with the closing. The Company may terminate the Purchase Agreement if the Seller fails to consummate the Upstream

Acquisition Agreement. Upon closing, the Company will receive an assignment of all rights under the Upstream Acquisition Agreement.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by the terms of the

Purchase Agreement. A copy of the Purchase Agreement is expected to be filed as an exhibit to the Company's Quarterly Report on Form 10-Q

for the fiscal quarter ending September 30, 2026.

Item 7.01 Regulation FD Disclosure.

On August 18, 2026, Evolution Petroleum Corporation issued a news release

announcing that it has entered into the Purchase Agreement. A copy of the news release is attached hereto, furnished as Exhibit 99.1 to

this Current Report on Form 8-K and incorporated by reference into this Item 7.01.

The information set forth in this Item 7.01 (including Exhibit 99.1)

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,

or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific

reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

No.

Description

99.1

Evolution Petroleum Corporation Press Release dated August 18, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL)

SIGNATURES

Pursuant to the requirements of the

Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly

authorized.

Evolution Petroleum Corporation (Registrant)

Date: August 18, 2026

By:

/s/ RYAN STASH

Name:

Ryan Stash

Title:

Senior Vice President and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2623236d2_ex99-1.htm · Sequence: 2

Exhibit 99.1

Evolution Petroleum Announces Strategic Midland

Basin Mineral & Royalty Acquisition

HOUSTON,

TX — August 18, 2026 (GLOBE NEWSWIRE) — Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution"

or the "Company") has entered into a definitive agreement to acquire mineral and royalty ("M&R") interests in

the core Midland Basin of the Permian Basin from a non-affiliated private seller for a total purchase price of approximately $16 million

(the "Acquisition"), subject to customary adjustments and closing conditions. The Acquisition is expected to close on or about

August 21, 2026, and has an effective date of August 1, 2026 (the "Effective Date").

As of the Effective Date, the Acquisition interests

span approximately 3,420 net royalty acres across Reagan, Upton, Glasscock, Midland, and Martin Counties, Texas. Evolution expects to

fund the Acquisition with net proceeds from a concurrent public offering of its common stock, cash on hand, and borrowings under its revolving

credit facility.

Acquisition Highlights:

· Expected to enhance margins and strengthen dividend

coverage by adding an expected high-margin, long-life M&R interests that require no lifting expense, drilling capital, or overhead,

which the Company believes would support durable free cash flow generation and reinforce the Company's strategic focus.

· Expected to be immediately accretive to cash

flow per share. The interests to be acquired are expected to generate approximately $3.9 million of next-twelve-month ("NTM")

cash flow, implying an acquisition multiple of approximately 4.1x and a NTM cash flow yield of approximately 24.6%1.

· Expected to meaningfully diversify Evolution's

earnings mix, with M&R interests expected to contribute approximately 20% of the Company's pro forma fiscal year 2027 asset

cash flow mix, compared to less than 10% in fiscal year 20262,

strengthening the Company's long-term cash flow profile.

· Adds core Permian position and largest liquids-weighted

royalty addition to date, with approximately 3,420 net royalty acres in the core Midland Basin, which is expected to bring Evolution's

pro forma M&R purchases to approximately 9,320 net royalty acres and expand Evolution's value-creating royalty platform.

· Compelling entry price. The approximate

$16 million purchase price equates to an implied price of $4,678 per net royalty acre, representing a significant discount to recently

disclosed comparable Permian M&R transactions and reinforcing the deal's value proposition.

· Substantial existing royalty base and long-dated

inventory. The interests to be acquired are estimated to include royalties on 832 producing wells, 7 completed wells, 34 drilled

but uncompleted wells ("DUCs"), 27 permitted wells, and approximately 1,257 upside locations, totaling 2,157 gross wells and

locations, or 5.24 net wells.

· Estimated current monthly production is approximately

210 BOE/d, consisting of 65% liquids, including 38% oil and 27% NGLs, and 35% natural gas on a 6:1 basis.

· Broad-based exposure to top-tier operators.

Operators across the footprint include ExxonMobil, Diamondback Energy, ConocoPhillips, APA Corporation, Crescent Energy, Double Eagle,

and SM Energy.

Kelly Loyd, President and Chief Executive Officer,

commented: "Building on the momentum from our prior acquisitions, this purchase of core Permian/Midland Basin interests, combined

with our legacy non-op and mineral and royalty assets, sets us up very well for success, both now and in the future. This off-market,

relationship-driven opportunity required significant work to assemble and diligence, creating an opportunity for Evolution to acquire

a best-in-class royalty position at a very compelling valuation. We believe this transaction demonstrates the value of disciplined sourcing

and our ability to pursue differentiated, value-accretive opportunities that are not typically available through a traditional marketed

process.

(1) NTM cash flow of $3.9 million

is based on management's estimate of future completion activity, and is calculated as asset-level revenues less lease operating expenses,

excluding any corporate G&A; assumes flat pricing of $75/bbl of crude oil and $3.50/Mcf of natural gas.

(2) Pro forma cash flow mix is annualized

fiscal YTD 2026 asset-level cash flows (excluding any corporate G&A) for legacy assets (as of FQ3'26; nine-months ended 3/31/26),

plus Evolution's estimated NTM cash flows from the Acquisition; it is not a forecast of future results.

"We're also excited by the level of development

activity across the acreage. Operators averaged approximately 241 completed wells per year between 2021 and 2025, while our base-case

underwriting assumes only 125 wells per year going forward1, providing a conservative foundation with meaningful upside if

activity continues near recent levels. More broadly, we believe that the acquisition advances our strategy of building mineral and royalty

interests as a second engine for Evolution, potentially representing approximately 20% of Evolution's cash flow mix next fiscal year while

enhancing margins and dividend support without the burden of drilling capital or lifting expenses."

About Evolution Petroleum

Evolution

Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment

in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil

and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation

efforts. Visit www.evolutionpetroleum.com for more information.

Cautionary Statement

This press release contains "forward-looking

statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities

Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations, estimates, projections, management's beliefs

and assumptions, and include any statement that is not a current or historical fact. Such statements include those relating to the Acquisition,

including the anticipated benefits, timing, and consummation thereof; drilling locations and potential drilling activities; potential

acquisitions; potential, probable and possible reserves; estimated production levels; expected future operating or financial results;

cash flow and anticipated liquidity; business and capital allocation strategy; future dividend policies, and other plans, objectives,

expectations and intentions. These forward-looking statements may generally, but not always, be identified by words such as "may",

"expected", "estimated", "projected", "potential", "anticipated", "forecasted"

or other words indicating future events or outcomes. Although the Company believes the expectations and forecasts reflected in the forward-looking

statements are reasonable, it can give no assurance they will prove to be correct. These statements are based on current plans and assumptions

and are subject to a number of risks and uncertainties including those outlined in the Company's Annual Report on Form 10-K and Quarterly

Reports on Forms 10-Q and other filings with the SEC. Therefore, actual results may differ materially from the expectations, estimates

or assumptions expressed in or implied by any such forward-looking statement. The Company cautions readers not to place undue reliance

on forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update forward-looking

statements to reflect events or circumstances occurring after the date of this release, except as may be required by law.

Contact

Investor Relations

(713) 935-0122

ir@evolutionpetroleum.com

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