Epsilon Energy Ltd. today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock to the stock holders of record at the close of business on September 15, 2022, payable on September 30, 2022. All dividends paid by the Company are "eligible dividends" as defined in subsection 89 of the Income Tax Act , unless indicated otherwise. Under our authorized NCIB, we have repurchased [...]
Epsilon Energy Ltd. is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A dated on July 27, 2022 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote at the annual shareholders meeting held on Wednesday, August 24, 2022 are set out below. At the meeting, the number of directors was set at eight, and BDO USA, LLP was [...]
Epsilon Energy Ltd. today reported its financial results for the fourth quarter and full-year ended December 31, 2021. Epsilon's highlights for 2021 and material subsequent events following year end through the date of this release include: Total Revenues of $42.4 million for the year as compared to $24.4 million for the same period of 2020. Net after tax income of $11.6 million for the year as compared to $0.9 million [...]
Epsilon Energy Ltd. announced today that its Board of Directors approved the payment of a quarterly dividend and authorized a one-year share repurchase program. Michael Raleigh, CEO of Epsilon, commented, "The company remains in a very strong financial position with significant and growing cash on hand and no debt in an environment of attractive commodity prices for the short to medium term. Accordingly, we believe it is [...]
Epsilon Energy Ltd. today reported third quarter 2021 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Cash provided by operations of $5.5 million and $13.5 million for the three and nine months ended September 30, 2021, with free cash flow of $3.4 million and $9.7 million for the same periods. Realized gas prices of $2.56/Mcf including [...]
Epsilon Energy Ltd. today reported second quarter 2021 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Net cash provided by operations of $2.4 million and $8.0 million for the three and six months ended June 30, 2021, with free cash flow of $1.2 million and $6.3 million for the same periods. Realized gas prices of $1.97/Mcf including hedges [...]
Epsilon Energy Ltd. is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A dated on May 14, 2021 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote at the annual shareholders meeting held on Wednesday, June 16, 2021 are set out below. At the meeting, the number of directors was set at eight, and BDO USA, LLP was appointed [...]
Epsilon Energy Ltd. today reported first quarter 2021 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Net cash provided by operations of $5.6 million for the three months ended March 31, 2021, with free cash flow of $5.1 million for the same period. Realized gas prices of $2.57/Mcf, and $2.61/Mcf for the three months ended March 31, 2021 [...]
Epsilon Energy Ltd. today reported its financial results for the fourth quarter and full-year ended December 31, 2020. Epsilon's highlights for 2020 and material subsequent events following year end through the date of this release include: Total Revenues of $24.4 million for the year as compared to $26.7 million for the same period of 2019. Net after tax income of $0.9 million for the year as compared to $8.7 million for [...]
Epsilon Energy Ltd. announced today that its Board of Directors has appointed Jason Stankowski and David Winn to the Board, effective January 29, 2021. Mr. Stankowski and Mr. Winn will serve an initial term expiring at Epsilon's 2021 Annual General Meeting of Shareholders and will stand for reelection at that time. Epsilon also announced that Ryan Roebuck resigned from Epsilon's Board, and corresponding committees of the [...]
Epsilon Energy Ltd. today announced that the Board of Directors has authorized the repurchase of up to 1,193,000 of the outstanding common shares, representing 5% of the outstanding common shares of Epsilon, pursuant to a normal course issuer bid, during the one-year period commencing on January 1st, 2021. The program will end on December 31st, 2021 unless the maximum amount of common shares is purchased before then or [...]
Epsilon Energy Ltd. today reported third quarter 2020 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Net cash provided by operations of $3.8 million and $12.1 million for the three and nine months ended September 30, 2020, respectively, with free cash flow of $2.4 million and $6.6 million for the same periods. Realized gas prices of [...]