Epsilon Energy Stock Price, News & Analysis

Epsilon Energy Ltd. announces the appointment of Jason Stabell as CEO and Andrew Williamson as CFO, effective July 1, 2022. This change includes the resignation of current CEO Mike Raleigh, and the retirement of CFO Lane Bond, who will transition to a consulting role. Stabell and Williamson have over a decade of joint experience in the energy sector, and the Board expects their leadership to enhance shareholder returns and maintain prudent capital management. Raleigh’s leadership left Epsilon debt-free and with strong free cash flow.

Epsilon Energy Ltd. (NASDAQ: EPSN) has declared a dividend of $0.0625 per share, with an annualized rate of $0.25. The dividend will be payable on June 30, 2022, to stockholders of record by June 15, 2022. During the quarter, the company repurchased 259,300 shares at a cost of $1.8 million. Recently completed wells in Oklahoma have exceeded performance expectations, achieving payout in under six months. Epsilon anticipates significant cash generation and holds a current cash balance of approximately $31 million with no outstanding debt.

Epsilon Energy Ltd. (NASDAQ: EPSN) reported strong first quarter 2022 results, with revenues of $13.6 million, nearly doubling from $8.4 million in Q1 2021. The company achieved EBITDA of $9.3 million, up from $5.4 million a year ago, and net income of $5.8 million, or $0.25 per share. Free cash flow was $4.8 million, and cash at quarter-end was $30.1 million. Notable realized natural gas prices reached $4.55/Mcf. The company invested $2.5 million in capital expenditures while maintaining a debt-free status, and produced significant volumes through its Auburn Gathering System.

Epsilon Energy Ltd. reported significant growth in its financial performance for 2021, with total revenues rising to $42.4 million from $24.4 million in 2020, and net after-tax income increasing to $11.6 million ($0.49 per share) from $0.9 million ($0.03 per share). Adjusted EBITDA also saw an increase to $24.1 million. Average natural gas prices for the year were $2.68/Mcf, showing a substantial rise compared to 2020. The company's cash balance doubled to $27.1 million, and it plans to initiate a quarterly dividend while expanding its share repurchase program.

Epsilon Energy Ltd. (NASDAQ: EPSN) announced its Board of Directors' approval of a quarterly cash dividend of $0.0625 per share, payable on March 31, 2022, and a one-year share repurchase program. The program allows repurchase of up to 1,183,410 shares, totaling $8 million, starting March 8, 2022. The company reported a strong financial position with no debt and significant cash reserves, indicating confidence in shareholder returns through dividends and share buybacks, aimed at enhancing shareholder value amidst favorable commodity prices.

On November 10, 2021, Epsilon Energy Ltd. (NASDAQ: EPSN) released its Q3 2021 financial results, reporting revenues of $13.1 million, significantly up from $5.8 million in Q3 2020. The company achieved cash from operations of $5.5 million and free cash flow of $3.4 million. Average realized gas prices were $3.46/Mcf, with production averaging 29.9 MMcf/d. Despite operational challenges and well shut-ins, the company maintains a strong cash position of $20.6 million. The CEO highlighted favorable pricing for natural gas and plans for further appraisal in Oklahoma.

Epsilon Energy Ltd. (NASDAQ: EPSN) reported Q2 2021 financial results, achieving net cash from operations of $2.4 million and free cash flow of $1.2 million. Total revenues rose to $7.1 million, with EBITDA at $3.0 million. Natural gas production averaged 27.6 MMcf/d, with realized prices at $1.97/Mcf. Epsilon returned $1.1 million to shareholders through share repurchases. Despite a net loss of $0.7 million, positive developments included a successful well completion in July 2021 with production rates exceeding expectations. Cash reserves stood at $18.5 million.

Epsilon Energy Ltd. (NASDAQ: EPSN) announced the election of all nominees listed in its Proxy Statement dated May 14, 2021, as directors at the annual meeting held on June 16, 2021. The number of directors was set at eight, and BDO USA, LLP was appointed as the company's auditor. Notable election results include a high approval rate for directors, with Michael Raleigh receiving 98.06% support. Epsilon remains focused on onshore natural gas production, primarily in the Marcellus Shale of Pennsylvania.

Epsilon Energy Ltd. (NASDAQ: EPSN) reported its Q1 2021 financial results, showcasing a net cash flow of $5.6 million and a free cash flow of $5.1 million. Revenues increased to $8.4 million, up from $6.4 million in Q1 2020. The average realized gas price was $2.57/Mcf, and net income reached $2.7 million, translating to $0.11 per share. Epsilon returned $0.5 million to shareholders via share repurchases. Despite production curtailments, the company anticipates strong demand from LNG and exports, though pipeline maintenance may impact short-term pricing.