Epsilon Energy Stock Price, News & Analysis

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.

Epsilon Energy Ltd. (NASDAQ: EPSN) announced the timing for its third quarter 2022 earnings release, set for November 10, 2022, post-market close. The Company will host a conference call on November 11, 2022, at 10:00 a.m. CT to discuss financial and operational results. U.S. and Canadian participants can join toll-free, while international callers will have a separate line. A webcast of the call will also be available on the Company’s website, providing an accessible option for interested stakeholders.

Epsilon Energy Ltd. (NASDAQ: EPSN) announced a quarterly dividend of $0.0625 per common share, totaling $0.25 annually, to shareholders on record by September 15, 2022, payable on September 30, 2022. Additionally, the company has repurchased 283,000 shares at an average price of $5.86 per share in its ongoing share buyback program, with 203,310 shares remaining. Epsilon's Koromlan 107HC well in Pennsylvania commenced production on August 12, 2022, exceeding performance expectations, and the company holds a 16% net revenue interest.