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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 natural gas production and midstream company with a focus on the Marcellus Shale of Pennsylvania. The Company is engaged in the acquisition, development, gathering and production of natural gas and oil reserves. The Company operates through three segments: Upstream, Gathering System, and Corporate. The Upstream segment's activities include acquisition, exploration, development and production of oil and natural gas reserves on properties within the United States. The Gathering System segment partners with two other companies to operate a natural gas gathering system. The Company has natural gas production in the Marcellus Shale in Pennsylvania, and oil, natural gas liquids and natural gas production in the Anadarko Basin in Oklahoma. 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: $81.65M 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