Company Quick10K Filing
Epsilon Energy
10-Q 2020-03-31 Filed 2020-05-13
10-K 2019-12-31 Filed 2020-03-18
10-Q 2019-09-30 Filed 2019-11-13
10-Q 2019-06-30 Filed 2019-08-16
10-Q 2019-03-31 Filed 2019-05-14
10-K 2018-12-31 Filed 2019-03-29
8-K 2020-02-27 Other Events
8-K 2019-06-19 Shareholder Vote, Exhibits
8-K 2019-05-20 Officers, Exhibits

Epsilon Energy Financials

EPSN Metrics, Comps, Filings

Quarterly | Annual

Business

Epsilon Energy Ltd. was incorporated March 14, 2005, pursuant to the ABCA. The Corporation is extra‑provincially registered in Ontario pursuant to the Business Corporations Act (Ontario). Epsilon is a North American on-shore focused independent oil and gas company engaged in the acquisition, development, gathering and production of oil and gas reserves. Our primary areas of operation are Pennsylvania and Oklahoma. Our assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. Commencing on February 19, 2019, the common shares of the Corporation trade on the Nasdaq Global Market with the ticker symbol ‘‘EPSN.’’ Effective as of the close of trading on March 15, 2019, Epsilon voluntarily delisted its common shares from the Toronto Stock Exchange. At December 31, 2018, Epsilon’s total estimated net proved reserves were 119,116 million cubic feet (MMcf) of natural gas reserves and 30,502 barrels (Bbl) of oil and other liquids. Epsilon held leasehold rights to approximately 76,251 gross (11,601 net) acres. The Corporation has natural gas production in Pennsylvania and has also added oil and natural gas production from its recent acquisitions in the Anadarko Basin in Oklahoma.

We conduct operations in the United States through our wholly owned subsidiaries Epsilon Energy USA Inc., an Ohio corporation, or Epsilon Energy USA; Epsilon Midstream, LLC, a Pennsylvania limited liability company, or Epsilon Midstream; Epsilon Operating, LLC, a Delaware limited liability company, Dewey Energy GP LLC, a Delaware limited liability company, and Dewey Energy Holdings LLC, a Delaware limited liability company.

All of the production from our Pennsylvania acreage (4,136 net) is dedicated to the Auburn Gas Gathering System, or the Auburn GGS, located in Susquehanna County, Pennsylvania for a 15 year term expiring in 2026 under an operating agreement whereby the Auburn GGS owners receive a fixed percentage rate of return on the total capital invested in the construction of the system. We own a 35% interest in the system which is operated by a subsidiary of Williams Partners, LP. In 2018, we paid $1.1 million to the Auburn GGS to gather and treat our 7.3 Bcf of 2018 natural gas production in Pennsylvania ($1.2 million to the Auburn GGS to gather and treat our 8.9 Bcf in 2017).


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
ATIF Holdings (ATIF) 110,483 0% 12,343 1,141 0 0 0 0 104,023
Sears Holdings (SHLD) 110,090 19% -3.7 -5% 33,110,000 35,625,000 13,191,000 2,568,000 -1,700,000 -611,000 2,291,090
CSB Bancorp (CSBB) 109,694 2.0 1% 786,792 703,178 0 0 10,313 15,275 30,125
Nemus Bioscience (NMUS) 108,999 -34.9 -220% 1,725 18,127 0 0 -3,800 -3,087 107,675
Eagle Financial Services (EFSI) 108,359 5.2 1% 851,419 756,789 0 0 9,009 13,416 69,203
UTG (UTGN) 106,601 0% 4.4 3% 418,871 289,863 35,179 0 13,535 18,338 80,872
Consumer Capital Group (CCGN) 106,115 100% -60.0 -140% 1,266 7,930 228 228 -1,772 -1,767 106,047
Bay Banks of Virginia (BAYK) 104,674 3.9 0% 1,112,219 987,362 0 0 5,056 18,746 73,361
Epsilon Energy (EPSN) 103,584 0% 8.7 7% 95,010 19,649 11,983 0 6,665 9,734 84,837
Juniata Valley Financial (JUVF) 102,429 13.6 1% 667,107 593,321 0 0 5,568 9,850 134,126
F&M Bank (FMBM) 102,135 16.1 0% 813,237 722,344 0 0 2,734 8,653 139,285
Invesco CurrencyShares Australian Dollar Trust (FXA) 100,780 0% -56.1 1% 97,821 32 1,223 0 788 788 -44,220
Zoned Properties (ZDPY) 100,699 0% 277.2 0% 8,204 2,225 941 0 7 368 102,125
Virginia National Bankshares (VABK) 99,658 7.1 1% 660,790 585,236 0 0 5,258 10,047 71,803
Juniper Pharmaceuticals (JNP) 98,834 41% 49.7 -1% 67,768 19,275 55,610 22,712 -985 1,629 80,918
Hash Labs (HLAB) 98,593 -24.3 -2,247% 181 419 0 0 -4,067 -4,048 98,439
Nuvera Communications (NUVR) 98,504 0% 7.1 4% 164,114 84,747 48,592 0 6,727 21,163 151,275
ITUS (ITUS) 98,193 0% -9.7 -142% 6,843 1,044 250 0 -9,708 -9,689 93,796
Capital Properties (CPTP) 97,349 0% 30.3 23% 9,785 1,837 3,907 0 2,261 3,127 94,790
Processa Pharmaceuticals (PCSA) 96,996 -40.0 -24% 10,821 2,151 0 0 -2,583 -2,410 96,491

Balance Sheet ($'000)2019-03-312019-06-302019-09-30
Cash16,59116,61518,746
Accounts Receivable3,9823,5693,173
Inventory
PP&E67,86267,25370,247
Assets90,38992,88395,010
Accounts Payable4,1093,0894,050
Long-Term Debt
Liabilities19,17518,68119,649
Stockholders' Equity71,21474,20175,361
Income Statement ($'000)2019-03-312019-06-302019-09-30
Revenue6,7645,219
Cost of Revenue
Gross Profit
R&D
SG&A
Tax7471,694543
Net Income1,3743,8381,453
Cash Flow ($'000)2019-03-312019-06-302019-09-30
Cash Operating3,9395,0272,864
Cash Investing-1,511-4,019-305
Cash Financing-248-985-426