Epsilon Energy Ltd. (EPSN) financial statements (2022 and earlier)
Company profile
| Business Address |
16945 NORTHCHASE DR., HOUSTON, TX 77060 |
| State of Incorp. | AB |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 26,497 | 13,271 | 14,052 | ||
| Cash and cash equivalents | 26,497 | 13,271 | 14,052 | ||
| Receivables | 4,597 | 3,917 | 4,297 | ||
| Prepaid expense | 89 | 1,642 | |||
| Derivative instruments and hedges, assets | 2,000 | ||||
| Other current assets | 570 | 501 | 434 | ||
| Total current assets: | 31,664 | 17,778 | 22,424 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 67,230 | 68,332 | 74,682 | ||
| Restricted cash and investments | 568 | 566 | 561 | ||
| Other undisclosed noncurrent assets | 0 | 1 | |||
| Total noncurrent assets: | 67,798 | 68,898 | 75,245 | ||
| TOTAL ASSETS: | 99,463 | 86,676 | 97,669 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 5,240 | 3,751 | 4,994 | ||
| Accounts payable | 1,190 | 1,592 | 2,828 | ||
| Accrued liabilities | 2,952 | 2,159 | 2,165 | ||
| Taxes payable | 1,098 | ||||
| Derivative instruments and hedges, liabilities | 240 | ||||
| Asset retirement obligation | 85 | 107 | 1,504 | ||
| Other undisclosed current liabilities | 1,980 | 653 | 1,001 | ||
| Total current liabilities: | 7,545 | 4,510 | 7,499 | ||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 12,654 | 13,146 | 13,807 | ||
| Asset retirement obligations | 2,748 | 3,044 | 1,406 | ||
| Deferred income tax liabilities | 9,905 | 10,103 | 12,401 | ||
| Total noncurrent liabilities: | 12,654 | 13,146 | 13,807 | ||
| Total liabilities: | 20,199 | 17,657 | 21,306 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 79,263 | 69,019 | 76,363 | ||
| Treasury stock, value | (2,423) | ||||
| Additional paid in capital | 8,835 | 7,879 | 7,029 | ||
| Accumulated other comprehensive income | 9,819 | 9,821 | 9,810 | ||
| Accumulated deficit | (68,783) | (80,411) | (81,286) | ||
| Other undisclosed stockholders' equity attributable to parent | 131,816 | 131,730 | 140,809 | ||
| Total stockholders' equity: | 79,263 | 69,019 | 76,363 | ||
| TOTAL LIABILITIES AND EQUITY: | 99,463 | 86,676 | 97,669 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|
| Revenues | 42,404 | 24,425 | 26,690 | |
| Cost of revenue | (15,423) | (19,089) | (14,438) | |
| Gross profit: | 26,981 | 5,336 | 12,252 | |
| Operating expenses | (6,369) | (6,314) | (4,067) | |
| Operating income (loss): | 20,612 | (978) | 8,185 | |
| Nonoperating income (expense) | (4,544) | 2,428 | 4,290 | |
| Interest and debt expense | (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: | 15,967 | 1,451 | 12,475 | |
| Other undisclosed income from continuing operations before income taxes | 101 | |||
| Income from continuing operations before income taxes: | 16,068 | 1,451 | 12,475 | |
| Income tax expense | (4,441) | (575) | (3,777) | |
| Net income available to common stockholders, diluted: | 11,628 | 875 | 8,698 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|
| Net income: | 11,628 | 875 | 8,698 | |
| Comprehensive income: | 11,628 | 875 | 8,698 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 10 | 13 | |
| Comprehensive income, net of tax, attributable to parent: | 11,625 | 885 | 8,711 | |
Statements sources
The financial statements are based on the company's filings with the 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.