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) 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.