Epsilon Energy Ltd. (EPSN) Financial Statements (2025 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)
| 9/30/2024 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 investments | 32,179 | 45,237 | 26,497 | 13,271 | 14,052 | |||
| Cash and cash equivalents | 13,404 | 45,237 | 26,497 | 13,271 | 14,052 | |||
| Short-term investments | 18,775 | |||||||
| Receivables | 6,015 | 7,201 | 4,597 | 3,917 | 4,297 | |||
| Prepaid expense | 952 | 1,140 | 89 | 1,642 | ||||
| Derivative instruments and hedges, assets | 1,219 | 1,222 | 2,000 | |||||
| Other current assets | 763 | 632 | 570 | 501 | 434 | |||
| Other undisclosed current assets | 31 | |||||||
| Total current assets: | 41,129 | 55,464 | 31,664 | 17,778 | 22,424 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 442 | |||||||
| Property, plant and equipment | 80,188 | 67,828 | 67,230 | 68,332 | 74,682 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | ||||||||
| Restricted cash and investments | 470 | 570 | 568 | 566 | 561 | |||
| Other undisclosed noncurrent assets | 1,814 | 0 | 1 | |||||
| Total noncurrent assets: | 82,914 | 68,399 | 67,798 | 68,898 | 75,245 | |||
| TOTAL ASSETS: | 124,043 | 123,862 | 99,463 | 86,676 | 97,669 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 5,858 | 5,207 | 5,240 | 3,751 | 4,994 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1,098 | ||||
| Employee-related liabilities | ✕ | ✕ | 598 | |||||
| Accounts payable | 3,149 | 1,695 | 1,190 | 1,592 | 2,828 | |||
| Accrued liabilities | 2,708 | 2,914 | 2,952 | 2,159 | 2,165 | |||
| Derivative instruments and hedges, liabilities | 119 | 240 | ||||||
| Asset retirement obligation | 85 | 107 | 1,504 | |||||
| Other undisclosed current liabilities | 1,919 | 1,012 | 1,980 | 653 | 1,001 | |||
| Total current liabilities: | 7,896 | 6,219 | 7,545 | 4,510 | 7,499 | |||
| Noncurrent Liabilities | ||||||||
| Liabilities, other than long-term debt | 15,534 | 13,398 | 12,654 | 13,146 | 13,807 | |||
| Asset retirement obligations | 3,503 | 2,780 | 2,748 | 3,044 | 1,406 | |||
| Deferred income tax liabilities | 11,554 | 10,617 | 9,905 | 10,103 | 12,401 | |||
| Operating lease, liability | 477 | |||||||
| Total noncurrent liabilities: | 15,534 | 13,398 | 12,654 | 13,146 | 13,807 | |||
| Total liabilities: | 23,430 | 19,617 | 20,199 | 17,657 | 21,306 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 100,613 | 104,245 | 79,263 | 69,019 | 76,363 | |||
| Treasury stock, value | (360) | (2,423) | ||||||
| Additional paid in capital | 10,874 | 9,856 | 8,835 | 7,879 | 7,029 | |||
| Accumulated other comprehensive income | 9,772 | 9,775 | 9,819 | 9,821 | 9,810 | |||
| Accumulated deficit | (37,946) | (39,291) | (68,783) | (80,411) | (81,286) | |||
| Other undisclosed equity, attributable to parent | 118,273 | 123,905 | 131,816 | 131,730 | 140,809 | |||
| Total equity: | 100,613 | 104,245 | 79,263 | 69,019 | 76,363 | |||
| TOTAL LIABILITIES AND EQUITY: | 124,043 | 123,862 | 99,463 | 86,676 | 97,669 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 30,730 | 69,963 | 42,404 | 24,425 | 26,690 | ||
| Cost of revenue | (15,020) | (14,519) | (15,423) | (19,089) | (14,438) | ||
| Gross profit: | 15,710 | 55,444 | 26,981 | 5,336 | 12,252 | ||
| Operating expenses | (10,292) | (8,470) | (6,369) | (6,314) | (4,067) | ||
| Operating income (loss): | 5,418 | 46,973 | 20,612 | (978) | 8,185 | ||
| Nonoperating income (expense) | 4,727 | 539 | (4,544) | 2,428 | 4,290 | ||
| Investment income, nonoperating | 1,673 | 453 | 39 | 44 | 159 | ||
| 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 | 115 | 115 | |||||
| Income from continuing operations before equity method investments, income taxes: | 10,065 | 47,461 | 15,967 | 1,451 | 12,475 | ||
| Other undisclosed income from continuing operations before income taxes | 80 | 51 | 101 | ||||
| Income from continuing operations before income taxes: | 10,146 | 47,512 | 16,068 | 1,451 | 12,475 | ||
| Income tax expense | (3,200) | (12,157) | (4,441) | (575) | (3,777) | ||
| Income from continuing operations: | 6,945 | 35,355 | 11,628 | 875 | 8,698 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 875 | 8,698 | |
| Net income available to common stockholders, diluted: | 6,945 | 35,355 | 11,628 | 875 | 8,698 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 6,945 | 35,355 | 11,628 | 875 | 8,698 | ||
| Comprehensive income: | 6,945 | 35,355 | 11,628 | 875 | 8,698 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | (44) | (2) | 10 | 13 | ||
| Comprehensive income, net of tax, attributable to parent: | 6,943 | 35,311 | 11,625 | 885 | 8,711 | ||
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.