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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 2021, EpsilonEnergy Ltd revenues increased 31% to $8.4M. Net incomeincreased from $310K to $2.7M. Revenues reflect Upstreamsegment increase of 57% to $6.4M, United States segmentincrease of 57% to $6.4M. Net income benefited fromImpairment of proved properties decrease from $1.8M(expense) to $0K, Depreciation/Amortization decrease of 30%to $1.7M (expense).
Employees: 9 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $97.04M as of Mar 31, 2021
Annual revenue (TTM): $26.44M as of Mar 31, 2021
EBITDA (TTM): $12.36M as of Mar 31, 2021
Net annual income (TTM): $3.30M as of Mar 31, 2021
Free cash flow (TTM): $10.51M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,985,799 as of Jun 16, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization