Epsilon Energy Ltd. (T:EPS)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 500 DALLAS STREET, SUITE 1250 HOUSTON TX 77002 |
| Tel: | N/A |
| Website: | https://epsilonenergyltd.com |
| IR: | See website |
| Key People | ||
| Jason Stabell Chief Executive Officer, Director | J.Andrew Williamson Chief Financial Officer | Henry N. Clanton Chief Operating Officer |
| Business Overview |
| Epsilon Energy Ltd. is an onshore focused independent natural gas and oil company. The Company is engaged in the acquisition, development, gathering and production of natural gas and oil reserves. It operates through three segments: Upstream, Gathering System, and Corporate. Upstream activities segment includes acquisition, exploration, development and production of oil and natural gas reserves on properties within the United States. Gathering System segment partner with two other companies to operate a natural gas gathering system. The Company holds leasehold rights to approximately 84,684 gross (15,463 net) acres. It has natural gas production in the Marcellus Shale in Pennsylvania and oil, natural gas liquids and natural gas production in the Permian Basin in Texas and New Mexico and in the Anadarko Basin in Oklahoma. Its subsidiaries include Epsilon Energy USA Inc., Epsilon Midstream, LLC, Altolisa Holdings, LLC, and Dewey Energy Holdings, LLC. |
| Financial Overview |
| For the six months ended 30 June 2024, Epsilon Energy Ltd revenues decreased 4% to $15.3M. Net income decreased 41% to $2.3M. Revenues reflect Gas Gathering segment decrease of 25% to $4M, Canada segment decrease of 25% to $4M. Net income also reflects Gas Gathering segment income decrease of 34% to $2.3M, Production Costs per Unit - Average - To increase of 48% to $6.87 per barrel. Dividend per share remained flat at $0.13. |
| Employees: | 10 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $118.36M as of Jun 30, 2024 |
| Annual revenue (TTM): | $30.17M as of Jun 30, 2024 |
| EBITDA (TTM): | $13.75M as of Jun 30, 2024 |
| Net annual income (TTM): | $5.31M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$23.05M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 21,963,019 as of Aug 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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