Epsilon Energy Stock Price, News & Analysis

Epsilon Energy (NASDAQ: EPSN) held its Annual General Meeting on May 21, 2025, where shareholders approved several key agenda items. The meeting resulted in the election of six directors who will serve until the next annual meeting, as proposed in the Company's Proxy Statement dated April 17, 2025. Shareholders also approved the re-appointment of BDO USA, P.C. as the company's auditors for the fiscal year ending December 31, 2025. Additionally, through a non-binding advisory vote, shareholders expressed their approval of the compensation paid to Epsilon's named executive officers during 2024.

Epsilon Energy (NASDAQ: EPSN) reported strong Q1 2025 results with significant growth in production and revenues. Total revenues doubled YoY to $16.16M, driven by a 57% increase in total production to 3,108 Mmcfe. Gas production surged 55% QoQ and 64% YoY, while realized gas prices improved 73% QoQ to $3.87/Mcf. The company's Adjusted EBITDA reached $10.61M, up 131% YoY. Capital expenditures were $8.0M, primarily for drilling in Alberta, Canada. The company maintained its dividend at $1.376M and holds $7.36M in cash and short-term investments. Management highlighted strong performance in Marcellus operations and ongoing development in Alberta JV, with plans for additional wells throughout 2025.

Epsilon Energy (NASDAQ: EPSN) has announced its upcoming first quarter 2025 earnings release schedule. The company will release its Q1 2025 financial results on Wednesday, May 14, 2025 after market close, followed by a conference call on Thursday, May 15, 2025 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Participants from the United States and Canada can join the earnings call toll-free at (833) 816-1385, while international participants can dial (412) 317-0478. The company operates as a North American onshore natural gas and oil production and gathering company, with operations across Pennsylvania, Texas, Alberta CA, New Mexico, and Oklahoma.

Epsilon Energy (NASDAQ: EPSN) reported its full-year 2024 results, highlighting challenging market conditions in natural gas. The company returned $7.3 million to shareholders through $5.5 million in quarterly dividends and $1.8 million in share repurchases.

Key operational highlights include:

• Capital expenditures increased 58% YoY to $34.9 million
• Company Proved reserves increased 20% year over year
• Auburn Gas Gathering System delivered 36.9 Bcf gross natural gas volumes (101 MMcf/d)
• Expanded Texas assets to 7 gross producing wells with 14,000 gross undeveloped acres
• Entered new JV in Alberta covering 30,000 gross acres

Production was impacted by low Marcellus wellhead prices (below $2 per Mcf) with 20-25% of production curtailed in 2024. However, Q1 2025 shows 75% increase in Marcellus natural gas production compared to 2024 average daily volumes.

Epsilon Energy (NASDAQ: EPSN) has announced a quarterly dividend of $0.0625 per share of common stock (annualized at $0.25/share) to stockholders of record as of March 13, 2025, with payment scheduled for March 31, 2025. All dividends qualify as 'eligible dividends' under Canadian tax law.

The company will release its year-end 2024 earnings report on March 19, 2025, after market close, followed by a conference call on March 20, 2025, at 10:30 a.m. Central Time. Investors can participate via toll-free numbers in the US and Canada or through an international dial-in, with a webcast replay available on the company's website.

Epsilon Energy (NASDAQ: EPSN) has announced a new one-year share repurchase program following the termination of its previous March 2024 program. The new initiative authorizes the repurchase of up to 2,200,876 common shares, representing 10% of outstanding shares, with a maximum aggregate purchase price of US $13.0 million.

The program runs from February 12, 2025, to February 11, 2026, with purchases to be made through NASDAQ Global Market at prevailing market prices. The company plans to fund the repurchases through available cash without incurring debt. The Board believes the current share price may not reflect underlying value, viewing the buyback as an appropriate use of funds to create shareholder value.

Additionally, Epsilon announced its borrowing base redetermination with Frost Bank, which has been set at $45 million effective February 10, 2025, until the next redetermination later in the year.

Epsilon Energy (NASDAQ: EPSN) has declared a quarterly dividend of $0.0625 per share of common stock, which annualizes to $0.25 per share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024. The company confirms these are 'eligible dividends' as defined by Canadian Income Tax Act. Epsilon Energy operates as a North American onshore natural gas and oil production and gathering company with operations across Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma.

Epsilon Energy reported Q3 2024 financial results showing mixed performance. Gas production decreased 7% QoQ and 29% YoY to 1,304 MMcf, while oil production increased 19% QoQ and 317% YoY to 53 Mbbl. The company returned $2.0 million to shareholders through dividends and share repurchases. Capital expenditures were $3.9 million, primarily for well completion in Texas and drilling in Alberta. Three Marcellus wells began production in October, yielding approximately 60 MMcf per day gross. The company maintains a strong balance sheet with $8.8 million in cash and short-term investments.

Epsilon Energy has announced two strategic joint ventures in Alberta, Canada. The first partnership covers 30,000 gross acres in Garrington and 130,000 gross acres in Harmattan areas, with Epsilon earning a 25% working interest. The investment involves up to $12 million CAD development carry, targeting liquids-focused formations with over 25 2-mile locations in the Mannville.

The second joint venture in the Killam area includes a 50% working interest in 14,000 gross acres for $1.4 million CAD, with commitment to participate in two wells during 2024. One well has yielded a commercial discovery, while the second faced mechanical issues.