Evolution Petroleum Corporation shares fall 2.27% intraday after Frontera Energy Corporation reports a net loss of $455.2 million.

Evolution Petroleum Corporation declined 2.27% intraday. The company reported a net loss of $455.2 million due to non-cash impairment charges related to its interest in the Corentyne License and Ecuadorian Assets. However, it also increased total production by 1% quarter over quarter, generated $76.1 million in operating EBITDA, and executed a substantial issuer bid with over 92.6% shareholder participation.