$EPSN
Epsilon Energy Ltd

2024 Q4 Form 10-Q Financial Statement

#000155837024014668 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $7.288M
YoY Change 15.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $240.6K
YoY Change -67.78%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $493.8K
YoY Change 40.23%
Pretax Income $734.4K
YoY Change -33.17%
Income Tax $368.4K
% Of Pretax Income 50.16%
Net Earnings $366.0K
YoY Change -5.85%
Net Earnings / Revenue 5.02%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02
COMMON SHARES
Basic Shares Outstanding 21.86M 21.96M
Diluted Shares Outstanding 22.16M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.305M
YoY Change -73.52%
Cash & Equivalents $8.305M
Short-Term Investments $0.00
Other Short-Term Assets $865.8K
YoY Change -5.91%
Inventory
Prepaid Expenses
Receivables $4.470M
Other Receivables
Total Short-Term Assets $14.81M
YoY Change -61.28%
LONG-TERM ASSETS
Property, Plant & Equipment $106.1M
YoY Change 36.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $107.0M
YoY Change 31.23%
TOTAL ASSETS
Total Short-Term Assets $14.81M
Total Long-Term Assets $107.0M
Total Assets $121.8M
YoY Change 1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.220M
YoY Change 19.66%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.325M
YoY Change 40.32%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $16.11M
YoY Change 6.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.325M
Total Long-Term Liabilities $16.11M
Total Liabilities $23.44M
YoY Change 15.36%
SHAREHOLDERS EQUITY
Retained Earnings -$39.37M
YoY Change 0.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.36M
YoY Change
Total Liabilities & Shareholders Equity $121.8M
YoY Change 1.69%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $366.0K
YoY Change -5.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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EPSILON ENERGY LTD.
dei Entity Tax Identification Number
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dei Entity Address Address Line1
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500 Dallas Street
dei Entity Address Address Line2
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Suite 1250
dei Entity Address City Or Town
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dei Entity Address State Or Province
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dei City Area Code
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dei Local Phone Number
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Common Shares, no par value
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;white-space:pre-wrap;">1. Description of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Epsilon Energy Ltd. (the “Company” or “Epsilon” or “we”) was incorporated under the laws of the Province of Alberta, Canada on March 14, 2005, pursuant to the ABCA. Epsilon is a North American on-shore focused independent natural gas and oil company engaged in the acquisition, development, gathering and production of natural gas and oil reserves. On February 14, 2019, Epsilon’s registration statement on Form 10 was declared effective by the United States Securities and Exchange Commission and on February 19, 2019, we began trading in the United States on the NASDAQ Global Market under the trading symbol “EPSN.”</p>
dei Entity Incorporation Date Of Incorporation
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates pertain to proved natural gas and oil reserves and related cash flow estimates used in impairment tests of natural gas and oil, and gathering system properties, asset retirement obligations, accrued natural gas and oil revenues and operating expenses, accrued gathering system revenues and operating expenses, as well as the valuation of commodity derivative instruments. Actual results could differ from those estimates.</p>
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us-gaap Deferred State And Local Income Tax Expense Benefit
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