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. reports news about its North American onshore natural gas and oil production and gathering business. Company updates focus on financial and operating results, production activity, dividends, share repurchase authorizations and portfolio changes across the Marcellus, Powder River, Permian and Western Canadian Sedimentary basins.
Recurring releases also cover completed asset transactions, including the Peak Companies acquisition in the Powder River Basin and the sale of Dewey Energy Holdings and the Western Anadarko basin assets. Epsilon’s updates link upstream development, non-operated partnerships, a Pennsylvania midstream interest and capital-return actions to its common shares traded as EPSN.
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.