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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: 16701 Greenspoint Park Dr Ste 195
HOUSTON TX 77060-2399
Tel: 1-281-6700002
Website: www.epsilonenergyltd.com
IR: See website
Key People
John V. Lovoi
Chairman of the Board
Michael Raleigh
Chief Executive Officer, Director
B. Lane Bond
Chief Financial 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 nine months ended 30 September 2019, Epsilon Energy Ltd revenues decreased 6% to $19.9M. Net income increased 27% to $6.7M. Revenues reflect Upstream-United States segment decrease of 13% to $7.5M, Gas Gathering-Canada segment decrease of 14% to $5.1M. Net income reflects Gain (loss) on derivative contracts increase from $771K (expense) to $3.5M (income), Gain on sale of property increase from $0K to $1.4M (income).
Employees: 8 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $70.16M as of Sep 30, 2019
Annual revenue (TTM): $28.42M as of Sep 30, 2019
EBITDA (TTM): $15.17M as of Sep 30, 2019
Net annual income (TTM): $8.09M as of Sep 30, 2019
Free cash flow (TTM): $5.31M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,380,247 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization