Evolution Petroleum (AMEX: EPM) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q2), Evolution Petroleum beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.

Margins increased across the board.

Revenue details
 Evolution Petroleum reported revenue of $5.6 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $5.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $4.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.06. The four earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS of $0.06 for Q2 were 50% higher than the prior-year quarter's $0.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 92.2%, 150 basis points better than the prior-year quarter. Operating margin was 53.6%, 140 basis points better than the prior-year quarter. Net margin was 34.7%, 400 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $6.5 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $25.8 million. The average EPS estimate is $0.27.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 225 members out of 235 rating the stock outperform, and 10 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Evolution Petroleum a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $11.75.

Is Evolution Petroleum the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.