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 exploration and production company. The Company is engaged in the acquisition, development, gathering and production of oil and gas reserves. Its primary areas of operation are the Marcellus basin in Northeast Pennsylvania and the Central Basin Platform in the Permian basin. It owns an interest in 13,300 gross acres (5,100 net acres) within the gas in place window of the Marcellus Shale in Northeast Pennsylvania. It owns approximately 7,200 net acres within the NW STACK Trend of the Anadarko Basin in northwest Oklahoma. The Company owns an interest in three producing wells and 12,400 gross acres (3,100 net acres), targeting the oil-rich Barnett Shale, and 25% interest in three producing wells and 3,246 gross undeveloped acres (Pradera Fuego Project). The Company's subsidiaries include Epsilon Energy USA Inc., Epsilon Midstream, LLC, Epsilon Operating, LLC, Dewey Energy GP LLC, Dewey Energy Holdings, LLC, and Altolisa Holdings, LLC. |
Financial Overview |
For the nine months ended 30 September 2023, Epsilon Energy Ltd revenues decreased 60% to $22.2M. Net income decreased 83% to $4.3M. Revenues reflect Upstream segment decrease of 60% to $14.5M, United States segment decrease of 60% to $14.5M. Net income also reflects Upstream segment income decrease of 72% to $3.6M, Corporate segment loss increase from $179K to $6M. Dividend per share remained flat at $0.19. |
Employees: | 9 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $78.33M as of Sep 30, 2023 |
Annual revenue (TTM): | $37.38M as of Sep 30, 2023 |
EBITDA (TTM): | $21.24M as of Sep 30, 2023 |
Net annual income (TTM): | $13.71M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.86M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 22,160,439 as of Nov 8, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |