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Epsilon Energy Ltd. (T:EPS)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 16945 Northchase Dr.,, Suite 1610
Tel: N/A
IR: See website
Key People
John V. Lovoi
Chairman of the Board
Michael Patrick Raleigh
Chief Executive Officer, Director
B. Lane Bond
Chief Financial Officer
Henry Clanton
Chief Operating Officer
Business Overview
Epsilon Energy Ltd. is an on-shore focused independent oil and gas company engaged in the acquisition, development, gathering and production of oil and gas reserves. The Company operates through its three segments: Upstream, Gathering System and Canada. The Upstream segment's activities include acquisition, exploration, development and production of oil and natural gas reserves on properties within the United States. Its Gathering System segment partners with two other companies to operate a natural gas gathering system. Its Canada segment activities include its corporate and governance functions. The Company's operations are focused in Pennsylvania and Oklahoma. The Company's subsidiaries include Epsilon Energy USA Inc; Epsilon Midstream, LLC; Epsilon Operating, LLC; Dewey Energy GP LLC, and Dewey Energy Holdings LLC.
Financial Overview
For the three months ended 31 March 2020, Epsilon Energy Ltd revenues decreased 19% to $6.4M. Net income decreased 77% to $310K. Revenues reflect Upstream segment decrease of 25% to $4.1M, United States segment decrease of 25% to $4.1M. Net income also reflects Depreciation/Amortization increase of 32% to $2.4M (expense), Stock based compensation expense increase of 30% to $174K (expense).
Employees: 8 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $64.81M as of Mar 31, 2020
Annual revenue (TTM): $25.17M as of Mar 31, 2020
EBITDA (TTM): $12.85M as of Mar 31, 2020
Net annual income (TTM): $7.63M as of Mar 31, 2020
Free cash flow (TTM): $1.50M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,302,956 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization