Welcome to our dedicated page for Epsilon Energy news (Ticker: EPSN), a resource for investors and traders seeking the latest updates and insights on Epsilon Energy stock.
Epsilon Energy Ltd. (NASDAQ: EPSN) is a North American onshore natural gas and oil production and gathering company. Its news flow, as reflected in recent company releases and SEC filings, centers on operational performance, acquisitions and divestitures, capital allocation decisions and financing arrangements.
Readers following EPSN news can expect regular updates on quarterly financial and operating results, including production volumes for gas, oil and natural gas liquids, realized prices, revenues from contracts with customers, and contributions from gas gathering and compression activities. These releases often include management commentary on well performance, capital expenditures in areas such as Texas and Alberta, and any impairment charges related to specific projects.
Epsilon’s news also highlights corporate transactions that reshape its asset base. Recent announcements have covered definitive agreements and the closing of acquisitions of Peak Exploration & Production LLC and Peak BLM Lease LLC, adding assets in the Powder River Basin, as well as the divestment of its Western Anadarko Basin assets held through Dewey Energy Holdings LLC. Details on share issuances, contingent consideration, and changes to the company’s credit facility appear in both press releases and related Form 8-K filings.
Dividend declarations are another recurring topic, with the board of directors announcing quarterly dividends per share and specifying that these are “eligible dividends” under Canadian tax law unless stated otherwise. In addition, Epsilon issues notices about the scheduling of earnings releases and conference calls, providing dial-in information and webcast links for investors who want to hear management discuss results and outlook.
For investors and analysts, the EPSN news page offers a consolidated view of these developments, from operational updates and hedging disclosures to strategic acquisitions and financing arrangements. Monitoring this stream of information helps readers understand how Epsilon’s portfolio, capital structure and cash returns to shareholders evolve over time.
Epsilon Energy Ltd. (NASDAQ: EPSN) announced it will release its Q1 2023 earnings on May 10, 2023, after market close. A conference call to discuss the results is scheduled for May 11, 2023, at 10:00 a.m. CT. Interested participants can join via toll-free numbers or by webcast. Epsilon focuses on natural gas production in the Marcellus Shale region of Pennsylvania. For further information, access the call details and the company's website for a replay.
Epsilon Energy Ltd. (NASDAQ: EPSN) reported a strong financial performance for the year ended December 31, 2022, with a 64% increase in revenue to $70 million, driven by significant growth in natural gas and oil sales. The company achieved an impressive 120% increase in Adjusted EBITDA to $53.1 million and a 139% rise in free cash flow to $35 million. Epsilon returned $12.1 million to shareholders through dividends and share buybacks. The Board authorized a $15 million share repurchase program for up to 2,292,644 shares. The company’s robust cash position of $45.8 million highlights its solid financial health and commitment to shareholder value.
On March 8, 2023, Epsilon Energy Ltd. (NASDAQ: EPSN) announced a dividend of $0.0625 per common share, totaling an annualized $0.25 per share, for stockholders of record as of March 15, 2023. The dividend is payable on March 31, 2023. Additionally, the company will release its 2022 year-end earnings on March 23, 2023, after market close, followed by a conference call on March 24, 2023, at 10:00 AM CT. This event can be accessed toll-free in North America or via an international dialing option, with a subsequent webcast replay available on their website.
Epsilon Energy Ltd. (NASDAQ: EPSN) announced a dividend of $0.0625 per common share, amounting to an annualized rate of $0.25/share, payable to shareholders on December 30, 2022. Shareholders of record by December 15, 2022, will be eligible for this dividend, which qualifies as an eligible dividend under Canadian tax law. Additionally, the company disclosed that Matthew Dougherty has resigned from the Board of Directors, effective immediately, without any operational disagreements. The board expressed gratitude for his nine years of service.
Epsilon Energy Ltd. (NASDAQ: EPSN) reported a strong third quarter for 2022, with net income of $9.6 million, a 7% increase in total revenues to $21.2 million, and Adjusted EBITDA at $16.5 million.
The company maintained production levels at 27.6 MMcfe/d and achieved a heightened price of $7.54/Mcfe. Additionally, Epsilon generated $11.2 million in free cash flow, increased cash reserves to $40.8 million, and returned $3.1 million to shareholders through share buybacks and dividends.
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