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 investments26,49713,27114,052
Cash and cash equivalents26,49713,27114,052
Receivables4,5973,9174,297
Prepaid expense 891,642
Derivative instruments and hedges, assets  2,000
Other current assets570501434
Total current assets:31,66417,77822,424
Noncurrent Assets
Property, plant and equipment67,23068,33274,682
Restricted cash and investments568566561
Other undisclosed noncurrent assets 01
Total noncurrent assets:67,79868,89875,245
TOTAL ASSETS:99,46386,67697,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,2403,7514,994
Accounts payable1,1901,5922,828
Accrued liabilities2,9522,1592,165
Taxes payable1,098  
Derivative instruments and hedges, liabilities240  
Asset retirement obligation851071,504
Other undisclosed current liabilities1,9806531,001
Total current liabilities:7,5454,5107,499
Noncurrent Liabilities
Liabilities, other than long-term debt12,65413,14613,807
Asset retirement obligations2,7483,0441,406
Deferred income tax liabilities9,90510,10312,401
Total noncurrent liabilities:12,65413,14613,807
Total liabilities:20,19917,65721,306
Stockholders' equity
Stockholders' equity attributable to parent, including:79,26369,01976,363
Treasury stock, value(2,423)  
Additional paid in capital8,8357,8797,029
Accumulated other comprehensive income9,8199,8219,810
Accumulated deficit(68,783)(80,411)(81,286)
Other undisclosed stockholders' equity attributable to parent131,816131,730140,809
Total stockholders' equity:79,26369,01976,363
TOTAL LIABILITIES AND EQUITY:99,46386,67697,669

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

12/31/2021
12/31/2020
12/31/2019
Revenues42,40424,42526,690
Cost of revenue(15,423)(19,089)(14,438)
Gross profit:26,9815,33612,252
Operating expenses(6,369)(6,314)(4,067)
Operating income (loss):20,612(978)8,185
Nonoperating income (expense)(4,544)2,4284,290
Interest and debt expense(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:15,9671,45112,475
Other undisclosed income from continuing operations before income taxes101  
Income from continuing operations before income taxes:16,0681,45112,475
Income tax expense(4,441)(575)(3,777)
Net income available to common stockholders, diluted:11,6288758,698

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net income:11,6288758,698
Comprehensive income:11,6288758,698
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)1013
Comprehensive income, net of tax, attributable to parent:11,6258858,711

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.

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