Epsilon Energy Ltd. (EPSN) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 DALLAS STREET
HOUSTON, TX 77002
State of Incorp. AB
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,29349,24945,23740,25530,94630,071
Cash and cash equivalents9,48819,11045,23740,25530,94630,071
Short-term investments26,80430,139    
Receivables4,3554,8057,20110,0709,9316,468
Prepaid expense1,234 1,140   
Derivative instruments and hedges, assets 1,2861,9271,22232941 
Other current assets391497632776241466
Other undisclosed current assets   31   
Total current assets:43,55856,47855,46451,13242,05837,005
Noncurrent Assets
Operating lease, right-of-use asset496532    
Property, plant and equipment76,60567,24367,82868,11368,17368,494
Derivative instruments and hedges      
Restricted cash and investments495571570570569569
Other undisclosed noncurrent assets      
Total noncurrent assets:77,59668,34668,39968,68368,74269,063
TOTAL ASSETS:121,154124,825123,862119,815110,800106,067
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7184,4865,2079,1537,5047,834
Taxes payable3,1202,4113,256
Employee-related liabilities598
Accounts payable1,3341,9011,6952,2031,7871,820
Accrued liabilities2,3842,5852,9143,8303,3072,758
Derivative instruments and hedges, liabilities      
Asset retirement obligation      11
Other undisclosed current liabilities6571,2181,0121,4191,2761,576
Total current liabilities:4,3755,7056,21910,5728,7809,421
Noncurrent Liabilities
Liabilities, other than long-term debt14,14513,94813,39813,10412,96112,703
Asset retirement obligations2,7782,8012,7802,7592,7362,775
Deferred income tax liabilities10,84810,60510,61710,34510,2259,928
Operating lease, liability520541    
Total noncurrent liabilities:14,14513,94813,39813,10412,96112,703
Total liabilities:18,52119,65219,61723,67621,74122,124
Equity
Equity, attributable to parent, including:102,633105,172104,24596,13989,05983,943
Treasury stock, value (498)(252) (3,327)(1,647) 
Additional paid in capital10,21610,0369,8569,6729,1728,978
Accumulated other comprehensive income9,7269,7729,7759,7709,8059,824
Accumulated deficit(38,159)(37,173)(39,291)(47,209)(55,364)(64,460)
Other undisclosed equity, attributable to parent121,348122,790123,905127,232127,094129,602
Total equity:102,633105,172104,24596,13989,05983,943
TOTAL LIABILITIES AND EQUITY:121,154124,825123,862119,815110,800106,067

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues6,5009,35615,21621,24419,90313,600
Cost of revenue(3,236)(3,337)(2,043)(4,608)(4,622)(3,285)
Gross profit:3,2646,01913,17316,63615,28110,315
Operating expenses(3,617)(2,695)(3,425)(2,241)(1,415)(1,350)
Operating income (loss):(353)3,3249,74714,39513,8668,965
Nonoperating income (expense)1,0301,5331,670(890)736(977)
Investment income, nonoperating433491326902215
Interest and debt expense(34)(28)(17)(18)(1)(15)
Income from continuing operations before equity method investments, income taxes:6424,82811,40013,48714,6027,972
Other undisclosed income from continuing operations before income taxes34281718115
Income from continuing operations before income taxes:6774,85711,41713,50414,6037,988
Income tax expense(246)(1,327)(2,060)(3,896)(4,020)(2,182)
Income from continuing operations:4313,5309,3579,60810,5835,806
Income before gain (loss) on sale of properties:9,60810,5835,806
Net income available to common stockholders, diluted:4313,5309,3579,60810,5835,806

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:4313,5309,3579,60810,5835,806
Comprehensive income:4313,5309,3579,60810,5835,806
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(46)(3)4(35)(19)5
Comprehensive income, net of tax, attributable to parent:3853,5279,3629,57410,5645,811

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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