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.
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.
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.
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.
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.
Epsilon Energy Ltd. (NASDAQ: EPSN) announced that CEO Michael Raleigh will participate in the virtual East Coast IDEAS Investor Conference on June 24, 2020. The presentation will be available at 8:00 AM CST on the company’s website and will also be webcasted via the conference site. Epsilon focuses on natural gas production and midstream operations, primarily in the Marcellus Shale and Anadarko Basin.
Epsilon Energy Ltd. (NASDAQ: EPSN) announced a substantial issuer bid to purchase up to $6.2 million of its common shares at a premium to current market prices. The company believes this offer will provide better liquidity options for shareholders compared to its previous normal course issuer bid. CEO Mike Raleigh emphasized that the current trading level of shares is below their intrinsic value, making this bid beneficial for investors. The company will utilize cash on hand to fund the offer, with additional information to be provided via SEC filings.
Epsilon Energy Ltd. (NASDAQ: EPSN) reported Q1 2020 financial results, revealing total revenues of $6.4 million, down from $7.9 million in Q1 2019. The company generated EBITDA of $4.6 million and net income before tax of $0.64 million, affected by a $1.76 million write-down of Oklahoma assets due to COVID-19's impact on oil prices. Epsilon returned $1.5 million to shareholders through share buybacks. Gas production averaged 29.4 MMcf/d, with realized gas prices at $1.47/Mcfe. Operating expenses were $1.18/Mcfe, and the company held $15.4 million in cash at quarter end.