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Epsilon Energy Ltd. - EPSN STOCK NEWS

Welcome to our dedicated page for Epsilon Energy Ltd. news (Ticker: EPSN), a resource for investors and traders seeking the latest updates and insights on Epsilon Energy Ltd. stock.

Epsilon Energy Ltd. (Symbol: EPSN) is a North American exploration and production company primarily involved in the acquisition, development, gathering, and production of natural gas and oil reserves. The company operates predominantly in two major regions: the Marcellus Shale in the United States and the Canadian Bakken. Epsilon's core business revolves around three segments: Upstream, Gas Gathering, and Corporate.

The Upstream segment is central to Epsilon's operations, focusing on the acquisition, development, and production of natural gas reserves in the United States. This segment is responsible for locating and extracting resources, ensuring a steady supply to meet market demands.

The Gas Gathering segment involves a partnership with two other companies to operate an extensive natural gas gathering system. This system efficiently transports natural gas from production sites to processing facilities, which is crucial in maintaining the supply chain.

Lastly, the Corporate segment encompasses the company’s corporate listing and governance functions, ensuring compliance with industry regulations and standards.

Epsilon Energy generates its revenue through the sale of crude oil and natural gas, leveraging its efficient and integrated operations to maximize profitability. The company is committed to maintaining a robust financial condition, enabling ongoing investments in new projects and technologies.

Recently, Epsilon Energy has announced several significant developments. Stakeholders can view the latest webcasts on the company's website to stay informed about these updates. For instance, a webcast can be viewed at this link, with a replay available afterward.

Furthermore, Epsilon has initiated a one-year share repurchase program, demonstrating its dedication to returning value to its shareholders. The company also maintains a current hedge book to manage financial risks effectively.

For more details and to stay updated on Epsilon Energy Ltd.’s latest news and events, visit their official website.

News
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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.

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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.

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Epsilon Energy Ltd. (NASDAQ: EPSN) reported its 2020 financial results, noting total revenues of $24.4 million, down from $26.7 million in 2019. The company recorded a net after-tax income of $0.9 million, significantly lower than $8.7 million the previous year. Adjusted EBITDA also fell to $15.7 million from $18.0 million. Average net natural gas prices dropped from $2.18/Mcf in 2019 to $1.36/Mcf in 2020. Despite these challenges, Epsilon increased net gas production by 40% over 2019, averaging 30.0 MMcf/d.

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Epsilon Energy Ltd. (NASDAQ: EPSN) announced the authorization of a share repurchase program for up to 1,193,000 common shares, representing 5% of its outstanding shares. This buyback will take place over one year, from January 1, 2021, to December 31, 2021. Epsilon plans to fund this initiative using available cash and not through debt. The company believes this repurchase is a suitable use of funds, aimed at enhancing shareholder value as the current market price may not reflect the underlying value of the shares.

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Epsilon Energy Ltd. (NASDAQ: EPSN) reported its Q3 2020 financial results, with net cash from operations reaching $3.8 million. The company generated total revenues of $5.8 million, up from $5.2 million in Q3 2019, while realizing gas prices averaged $1.18/Mcf. A net loss of $0.3 million was recorded, with EBITDA at $3.9 million. Epsilon returned $9.1 million to shareholders through buybacks, reducing outstanding shares by 11.2%. The company expects to generate $9.0 - $10.0 million in free cash flow for 2020, focusing on maintaining production levels amid a positive market outlook for natural gas.

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Epsilon Energy Ltd. (NASDAQ: EPSN) announced the successful election of all nominees in its Proxy Statement during the annual shareholders meeting on September 1, 2020. The board will consist of seven directors, and BDO USA, LLP has been appointed as the company's auditor. The shareholders also ratified the 2020 Equity Incentive Plan and approved amendments to the bylaws to increase the quorum requirement. Notably, John Lovoi received 98.91% approval, while Ryan Roebuck had a lower approval rate of 71.21%.

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HOUSTON, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (NASDAQ: EPSN) announced CEO Michael Raleigh will participate in the virtual Midwest IDEAS Investor Conference on August 27, 2020. The presentation will be available at 8:00 am CST and can be accessed on the company’s website and through the conference website.

Epsilon is focused on onshore natural gas production, particularly in the Marcellus Shale of Pennsylvania and the Anadarko Basin in Oklahoma.

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Epsilon Energy Ltd. (NASDAQ: EPSN) reported Q2 2020 results showing a net cash flow from operations of $3.1 million and total revenues of $6.3 million, down from $6.8 million in Q2 2019. The company experienced a net loss of $0.6 million, compared to a net income of $3.8 million last year. Free cash flow reached $1.3 million, with an exit production rate of 39.6 MMcf/d. Despite challenges, Epsilon anticipates generating $9.0 - $10.0 million in free cash flow for the year. However, a bad debt allowance of $0.82 million from a bankrupt shipper poses uncertainties.

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Epsilon Energy Ltd. (NASDAQ: EPSN) has completed its tender offer, purchasing 2,337,034 shares at US$3.06 each, totaling US$7.15 million. The offer was to buy back up to 2 million shares, which represented approximately 8.9% of its outstanding shares. After the transaction, 23,796,634 shares will remain outstanding. Epsilon funded the buyback with cash on hand, and any improperly tendered shares will be returned to their owners. The specified amount for tax purposes per share is US$3.01.

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Epsilon Energy Ltd. (NASDAQ: EPSN) announced the purchase of 2,337,328 Common Shares for cancellation at $3.06 per share, totaling $7,152,223.68. This buyback represents approximately 8.9% of the total outstanding shares. The buyback will be funded using available cash. The final count of purchases is pending verification by the Depositary. Epsilon may consider additional share repurchases in the future, depending on market conditions and financial performance.

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FAQ

What is the current stock price of Epsilon Energy Ltd. (EPSN)?

The current stock price of Epsilon Energy Ltd. (EPSN) is $5.99 as of October 8, 2024.

What is the market cap of Epsilon Energy Ltd. (EPSN)?

The market cap of Epsilon Energy Ltd. (EPSN) is approximately 126.1M.

What does Epsilon Energy Ltd. do?

Epsilon Energy Ltd. engages in the acquisition, development, gathering, and production of natural gas and oil reserves.

Where does Epsilon Energy Ltd. operate?

The company operates primarily in the Marcellus Shale in the United States and the Canadian Bakken.

What are the main business segments of Epsilon Energy Ltd.?

Epsilon operates in three segments: Upstream, Gas Gathering, and Corporate.

How does Epsilon Energy Ltd. generate revenue?

The company generates revenue through the sale of crude oil and natural gas.

What recent developments have been announced by Epsilon Energy Ltd.?

Recent developments include the announcement of a one-year share repurchase program and updates available via webcasts.

Where can I find Epsilon Energy Ltd.'s latest webcasts?

You can view the latest webcasts on the company’s website or through provided links such as https://event.choruscall.com/mediaframe/webcast.html?webcastid=TKIiaI4y.

What is Epsilon Energy Ltd.'s approach to financial risk management?

The company maintains a current hedge book to manage financial risks effectively.

How does Epsilon Energy Ltd. ensure compliance with regulations?

The Corporate segment includes corporate listing and governance functions to ensure industry regulation compliance.

What is the significance of the Gas Gathering segment?

This segment operates a natural gas gathering system in partnership with two other companies, ensuring efficient transport from production sites to processing facilities.

How can shareholders stay informed about Epsilon Energy Ltd.?

Shareholders can stay informed by visiting the company’s official website and viewing the latest webcasts.

Epsilon Energy Ltd.

Nasdaq:EPSN

EPSN Rankings

EPSN Stock Data

126.05M
21.96M
3.65%
62.14%
0.16%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
HOUSTON