Epsilon Energy Ltd. EPSN
Epsilon Energy Ltd. (the "Company" or "Epsilon" or "we") was incorporated under the laws of the Province of Alberta, Canada on March 14, 2005, pursuant to the ABCA. The Company is extra-provincially registered in Ontario pursuant to the Business Corporations Act (Ontario). Epsilon is a North American on-shore focused independent natural gas and oil company engaged in the acquisition, development, gathering and production of natural gas and oil reserves. On February 14, 2019, Epsilon's registration statement on Form 10 was declared effective by the United States Securities and Exchange Commission and on February 19, 2019, we began trading in the United States on the NASDAQ Global Market under the trading symbol "EPSN."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.6M | $31.5M | $30.7M | $70.0M | $42.4M | $24.4M | $26.7M | $29.7M | — |
| Total operating expenses | $62.1M | $28.1M | $25.3M | $23.0M | $21.8M | $25.4M | $18.5M | $20.3M | — |
| Operating income | -$10.5M | $3.4M | $5.4M | $47.0M | $20.6M | -$977.7K | $8.2M | $9.4M | — |
| Interest expense | $624.2K | $46.4K | $80.4K | $50.8K | $101.4K | $114.5K | $115.4K | $140.6K | — |
| Pre-tax income | -$5.4M | $3.6M | $10.1M | $47.5M | $16.1M | $1.5M | $12.5M | $7.4M | — |
| Income tax | $362.7K | $1.6M | $3.2M | $12.2M | $4.4M | $575.4K | $3.8M | $742.4K | — |
| Net income | -$5.8M | $1.9M | $6.9M | $35.4M | $11.6M | $875.2K | $8.7M | $6.7M | — |
| EPS, basic | -0.25 | 0.09 | 0.31 | 1.52 | 0.49 | 0.03 | 0.32 | 0.24 | — |
| EPS, diluted | -0.25 | 0.09 | 0.31 | 1.51 | 0.49 | 0.03 | 0.32 | 0.24 | — |
| Shares, diluted (wtd. avg.) | $23.0M | $21.9M | $22.5M | $23.4M | $23.9M | $25.1M | $27.1M | $27.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.0M | $6.5M | $13.9M | $45.8M | $27.1M | $13.8M | $14.6M | $15.0M | $10.6M |
| Short-term investments | — | $0 | $18.8M | $0 | — | — | — | — | — |
| Receivables | $16.1M | $5.8M | $6.0M | $7.2M | $4.6M | $3.9M | $4.3M | $5.0M | — |
| Total current assets | $32.6M | $14.1M | $41.1M | $55.5M | $31.7M | $17.8M | $22.4M | $19.9M | — |
| Property, plant and equipment | $192.4M | $104.5M | $80.2M | $67.8M | $67.2M | $68.3M | $74.7M | $67.4M | — |
| Total assets | $228.2M | $120.5M | $124.0M | $123.9M | $99.5M | $86.7M | $97.7M | $87.9M | — |
| Accounts payable | $11.1M | $2.3M | $3.1M | $1.7M | $1.2M | $1.6M | $2.8M | $1.8M | — |
| Total current liabilities | $25.0M | $7.0M | $7.9M | $6.2M | $7.5M | $4.5M | $7.5M | $6.3M | — |
| Total liabilities | $103.5M | $23.7M | $23.4M | $19.6M | $20.2M | $17.7M | $21.3M | $18.0M | — |
| Retained earnings | -$53.3M | -$41.5M | -$37.9M | -$39.3M | -$68.8M | -$80.4M | -$81.3M | -$90.0M | — |
| Total equity | $124.7M | $96.7M | $100.6M | $104.2M | $79.3M | $69.0M | $76.4M | $69.9M | $63.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.6M | $16.8M | $18.2M | $38.0M | $20.0M | $14.8M | $13.0M | $10.3M | — |
| Stock-based compensation | $1.7M | $1.2M | $1.0M | $1.0M | $956.1K | $849.6K | $510.5K | $330.2K | — |
| Investing cash flow | -$61.6M | -$16.7M | -$38.4M | -$7.9M | -$4.4M | -$6.5M | -$10.5M | -$2.2M | — |
| Financing cash flow | $43.7M | -$7.3M | -$11.7M | -$11.3M | -$2.3M | -$9.1M | -$2.8M | -$3.6M | — |
| Buybacks | $0 | $1.8M | $6.1M | $6.2M | $2.4M | $9.1M | $2.9M | $663.9K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-044767.
Others in SIC 1311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |