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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,17945,23726,49713,27114,052
Cash and cash equivalents13,40445,23726,49713,27114,052
Short-term investments18,775    
Receivables6,0157,2014,5973,9174,297
Prepaid expense9521,140 891,642
Derivative instruments and hedges, assets1,2191,222  2,000
Other current assets763632570501434
Other undisclosed current assets  31   
Total current assets:41,12955,46431,66417,77822,424
Noncurrent Assets
Operating lease, right-of-use asset442    
Property, plant and equipment80,18867,82867,23068,33274,682
Restricted cash and investments470570568566561
Other undisclosed noncurrent assets 1,814  01
Total noncurrent assets:82,91468,39967,79868,89875,245
TOTAL ASSETS:124,043123,86299,46386,67697,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8585,2075,2403,7514,994
Taxes payable1,098  
Employee-related liabilities598   
Accounts payable3,1491,6951,1901,5922,828
Accrued liabilities2,7082,9142,9522,1592,165
Derivative instruments and hedges, liabilities119 240  
Asset retirement obligation   851071,504
Other undisclosed current liabilities1,9191,0121,9806531,001
Total current liabilities:7,8966,2197,5454,5107,499
Noncurrent Liabilities
Liabilities, other than long-term debt15,53413,39812,65413,14613,807
Asset retirement obligations3,5032,7802,7483,0441,406
Deferred income tax liabilities11,55410,6179,90510,10312,401
Operating lease, liability477    
Total noncurrent liabilities:15,53413,39812,65413,14613,807
Total liabilities:23,43019,61720,19917,65721,306
Equity
Equity, attributable to parent, including:100,613104,24579,26369,01976,363
Treasury stock, value (360) (2,423)  
Additional paid in capital10,8749,8568,8357,8797,029
Accumulated other comprehensive income9,7729,7759,8199,8219,810
Accumulated deficit(37,946)(39,291)(68,783)(80,411)(81,286)
Other undisclosed equity, attributable to parent118,273123,905131,816131,730140,809
Total equity:100,613104,24579,26369,01976,363
TOTAL LIABILITIES AND EQUITY:124,043123,86299,46386,67697,669

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues30,73069,96342,40424,42526,690
Cost of revenue(15,020)(14,519)(15,423)(19,089)(14,438)
Gross profit:15,71055,44426,9815,33612,252
Operating expenses(10,292)(8,470)(6,369)(6,314)(4,067)
Operating income (loss):5,41846,97320,612(978)8,185
Nonoperating income (expense)4,727539(4,544)2,4284,290
Investment income, nonoperating1,6734533944159
Other nonoperating income (expense)4(99)1(4)1
Interest and debt expense(80)(51)(101)(115)(115)
Other undisclosed income from continuing operations before equity method investments, income taxes    115115
Income from continuing operations before equity method investments, income taxes:10,06547,46115,9671,45112,475
Other undisclosed income from continuing operations before income taxes8051101  
Income from continuing operations before income taxes:10,14647,51216,0681,45112,475
Income tax expense(3,200)(12,157)(4,441)(575)(3,777)
Income from continuing operations:6,94535,35511,6288758,698
Income before gain (loss) on sale of properties:8758,698
Net income available to common stockholders, diluted:6,94535,35511,6288758,698

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:6,94535,35511,6288758,698
Comprehensive income:6,94535,35511,6288758,698
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(44)(2)1013
Comprehensive income, net of tax, attributable to parent:6,94335,31111,6258858,711

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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