Core Viewpoint - Epsilon Energy Ltd. reported its third quarter 2024 financial and operational results, highlighting a mixed performance with significant growth in oil production and revenue, while natural gas production and revenues declined. Financial Performance - NRI Production: - Gas production decreased to 1,304 MMcf, down 7% quarter-over-quarter (QoQ) and 29% year-over-year (YoY) [2] - Oil production increased to 53 Mbbl, up 19% QoQ and 317% YoY [2] - NGL production decreased to 17 Mbbl, down 11% QoQ and up 99% YoY [2] - Revenues: - Total gas revenue was $1,904 million, down 3% QoQ and 9% YoY [2] - Total oil revenue was $3,965 million, up 13% QoQ and 329% YoY [2] - Total NGL revenue was $335 million, down 14% QoQ and up 47% YoY [2] - Midstream revenue was $1,084 million, down 25% QoQ and 65% YoY [2] - Adjusted EBITDA was $3,744 million, down 4% QoQ and 5% YoY [2] - Cash and short-term investments totaled $8,775 million, down 7% QoQ and 72% YoY [2] - Capital expenditures (Capex) were $3,908 million, down 32% QoQ and 26% YoY [2] Operational Updates - Capital expenditures primarily related to the completion of one well in Texas and drilling two wells in Alberta, Canada [4] - Three of the seven Marcellus wells completed in Q1 2024 were put on flowback, producing approximately 60 MMcf per day gross [5] - The company anticipates increased production and cash flow in Q4 2024 and 2025 due to improving natural gas fundamentals [6] Strategic Developments - Epsilon's entry into Alberta, Canada is seen as an attractive opportunity for capital deployment starting in Q4 2024 [7] - The company returned $2 million to shareholders through dividends and share repurchases during the quarter [2] Hedge Book - The current hedge book includes various swaps for natural gas and crude oil, with notable contracts starting in 2025 [7]

Earnings Announcement and Conference Call - Epsilon Energy Ltd will release its third quarter 2024 earnings on November 06, 2024 after market close [1] - The company will host a conference call on November 7, 2024 at 2:00 p m Central Time to discuss financial and operating results [1] - Toll-free dial-in numbers are provided for US, Canada, and international participants [1] - A webcast of the conference call will be available at the provided link and a replay will be accessible on the company's website [1] Company Overview - Epsilon Energy Ltd is a North American onshore natural gas and oil production and gathering company [2] - The company has assets located in Pennsylvania, Texas, New Mexico, and Oklahoma [2] - Key executive contacts include CEO Jason Stabell and CFO Andrew Williamson [2]

We wrote about Epsilon Energy Ltd. (NASDAQ: EPSN ) in May of this year, when the North American onshore independent natural gas and oil company was upgraded to a 'Buy'. Since our upgrade, shares have returned just over 15%, including dividend distributions. Although commodity Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to writ ...

Epsilon Energy Ltd. (EPSN) delivered a mixed performance in its second-quarter 2024 results, marked by significant growth in oil production that offset declines in natural gas revenues. The company's strategic focus on its Permian assets drove a notable increase in oil output and revenues, while challenges in the Marcellus shale impacted natural gas production. Despite a modest decline in overall profitability, EPSN maintained a strong balance sheet and continued to invest in its asset base, positioning its ...

HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (NASDAQ: EPSN) today announced that it will issue its second quarter 2024 earnings release on Tuesday, August 13, 2024 after the market close and host a conference call to discuss its financial and operating results on Wednesday, August 14, 2024 at 9:30 a.m. Central Time (10:30 a.m. Eastern Time). Interested parties in the United States and Canada may participate toll-free by dialing (833) 816-1385. International par ...

HOUSTON, June 25, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (NASDAQ: EPSN) today reported the results of a borrowing base redetermination on the Company's senior secured reserve-based revolving credit facility (the "Credit Facility") with Frost Bank (the "Lender"). Effective on June 21, 2024, the Lender redetermined the Company's borrowing base at $45 million, which will remain until the next redetermination in the fourth quarter of 2024. The borrowing base now includes the r ...

Effective on June 21, 2024, the Lender redetermined the Company's borrowing base at $45 million, which will remain until the next redetermination in the fourth quarter of 2024. The borrowing base now includes the recently acquired and developed properties in Ector County, Texas. The Lender's total commitment is equal to the borrowing base amount. All other terms of the Credit Facility remain the same. In Ector County, Texas, the recently completed Ava well, the sixth well drilled in the Pradera Fuego projec ...

About Epsilon Andrew Williamson Chief Financial Officer Andrew.Williamson@EpsilonEnergyLTD.com 281-670-0002 HOUSTON, May 31, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (NASDAQ:EPSN) today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on June 14, 2024, payable on June 28, 2024. All dividends paid by the Company are "eligible dividends" as defined in ...

The research report highlights several challenges that could hamper EPSN's growth. While the company has implemented hedging strategies to mitigate price volatility, these measures may not fully offset revenue losses if natural gas and oil prices remain low or become more volatile. The company's current hedging contracts provide some cash flow stability but limit potential gains if prices rebound strongly. Discrepancies between hedged volumes and actual production due to curtailments or other operational is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38770 EPSILON ENERGY LTD. (Exact name of registrant as specified in its charter) Alberta, Canada 98-1476367 (State or other ...