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Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves. The company operates through Upstream and Gathering System segments. It has natural gas production in the Appalachian Basin in Pennsylvania; oil, natural gas liquids, and natural gas production in the Powder River Basin in Wyoming, the Permian Basin in Texas and New Mexico, and the Western Canadian Sedimentary Basin in Alberta. Epsilon Energy Ltd. was incorporated in 2005 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $52M | $7M | $-6M | $5M | -4.6% | 63.7% | -400.8% |
| 2024 | $32M | $14M | $2M | $-20M | 2.0% | 2.6% | -72.2% |
| 2023 | $31M | $18M | $7M | $-0M | 6.9% | -56.1% | -80.4% |
| 2022 | $70M | $54M | $35M | $30M | 33.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 69.96 | 30.73 | 31.52 | 51.59 |
| Operating Revenue | - | 69.96 | 30.73 | 31.52 | 51.59 |
| Cost Of Revenue | - | 15.85 | 16.55 | 19.72 | 27.05 |
| Gross Profit | - | 54.11 | 14.18 | 11.81 | 24.54 |
| Operating Expense | - | 7.36 | 7.31 | 6.93 | 8.91 |
| Selling General And Administration | - | 7.35 | 7.31 | 6.93 | 8.91 |
| Total Expenses | - | 23.21 | 23.86 | 26.65 | 35.96 |
| Operating Income | - | 46.75 | 6.87 | 4.87 | 15.62 |
| Total Operating Income As Reported | - | 46.97 | 5.42 | 3.42 | -10.52 |
| EBITDA | - | 54 | 17.91 | 13.79 | 7.36 |
| Normalized EBITDA | - | 53.54 | 16.23 | 15.63 | 28 |
| EBIT | - | 47.56 | 10.23 | 3.60 | -4.81 |
| Interest Income | - | 0.45 | 1.67 | 0.49 | 0.19 |
| Interest Expense | - | 0.05 | 0.08 | 0.05 | 0.62 |
| Net Interest Income | - | 0.40 | 1.59 | 0.45 | -0.44 |
| Other Non Operating Income Expenses | - | -0.10 | 0 | 0.08 | 0.02 |
| Other Income Expense | - | 0.36 | 1.68 | -1.76 | -20.62 |
| Interest Income Non Operating | - | 0.45 | 1.67 | 0.49 | 0.19 |
| Interest Expense Non Operating | - | 0.05 | 0.08 | 0.05 | 0.62 |
| Net Non Operating Interest Income Expense | - | 0.40 | 1.59 | 0.45 | -0.44 |
| Pretax Income | - | 47.51 | 10.15 | 3.56 | -5.44 |
| Tax Provision | - | 12.16 | 3.20 | 1.63 | 0.36 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.12 | 0.53 | -0.39 | -4.33 |
| Net Income Continuous Operations | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Net Income From Continuing And Discontinued Operation | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Net Income | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Net Income Common Stockholders | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Net Income Including Noncontrolling Interests | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Normalized Income | - | 35.01 | 5.79 | 3.38 | 10.51 |
| Diluted NI Availto Com Stockholders | - | 35.35 | 6.95 | 1.93 | -5.80 |
| Basic Average Shares | - | 23.32 | 22.50 | 21.93 | 23.02 |
| Diluted Average Shares | - | 23.41 | 22.51 | 21.93 | 23.02 |
| Reconciled Depreciation | - | 6.44 | 7.69 | 10.19 | 12.17 |
| Reconciled Cost Of Revenue | - | 15.85 | 16.55 | 19.72 | 27.05 |
| Total Unusual Items | - | 0.46 | 1.68 | -1.84 | -20.64 |
| Total Unusual Items Excluding Goodwill | - | 0.46 | 1.68 | -1.84 | -20.64 |
| Special Income Charges | - | 0.22 | -1.45 | -1.45 | -26.14 |
| Impairment Of Capital Assets | - | 0 | 0 | 1.45 | 3.94 |
| Restructuring And Mergern Acquisition | - | - | - | 0 | 2.95 |
| Gain On Sale Of Security | - | 0.24 | 3.13 | -0.39 | 5.50 |
| General And Administrative Expense | - | 7.35 | 7.31 | 6.93 | 8.91 |
| Other Gand A | - | 6.33 | 6.29 | 5.69 | 7.17 |
| Salaries And Wages | - | 1.02 | 1.02 | 1.24 | 1.74 |
| Gain On Sale Of Ppe | - | 0.22 | -1.45 | 0 | -19.26 |
| Other Operating Expenses | 0.04 | 0.01 | - | - | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Epsilon Energy Ltd.this co. | EPSN | $179M | -30.93 | 1.44 | -4.6% | 30.11 |
| enCore Energy Corp. | EU | $308M | -5.41 | 1.34 | -24.8% | -7.40 |
| PrimeEnergy Resources Corporation | PNRG | $299M | 11.35 | 1.38 | 12.2% | 2.72 |
| Infinity Natural Resources, Inc. | INR | $252M | 10.60 | 0.82 | 7.7% | 2.32 |
| Kolibri Global Energy Inc. | KGEI | $202M |
| - |
| - |
| - |
| - |
| - |
| 13.03 |
| 0.99 |
| 7.6% |
| 6.11 |
| Evolution Petroleum Corporation | EPM | $163M | 110.65 | 2.27 | 2.1% | 7.38 |
| New Fortress Energy Inc. | NFE | $154M | -0.08 | 0.84 | -1009.4% | -10.29 |
| Empire Petroleum Corporation | EP | $109M | -1.52 | -23.76 | 1564.8% | -2.10 |
| Prairie Operating Co. | PROP | $85M | 2.66 | 0.65 | 24.6% | 3.47 |
| Peer Median | - | 6.63 | 0.92 | 7.7% | 2.52 | |