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Epsilon Energy (EPSN)
NASDAQ:EPSN
Holding EPSN?
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -0.48%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant highlights in production growth and strategic ventures, particularly in the Permian Basin and Alberta, Canada. However, these positives are tempered by production challenges and increased operating costs in Pennsylvania, as well as mixed results from joint ventures in Alberta. The sentiment is cautiously optimistic about future growth prospects.Company Guidance
During Epsilon Energy's Q3 2024 earnings call, the company provided several key metrics in its guidance. In the Permian Basin, the company achieved a 19% quarter-over-quarter increase in oil production, although a temporary decline is anticipated in the upcoming quarter. In Pennsylvania, despite low wellhead prices of $1.54 per Mcf, the company expects growth in natural gas volumes in Q4 as some curtailed volumes come back online, with further ramping anticipated into Q1 2025. The company also reported a $7.5 million development carry in its new Alberta joint venture, targeting 25% in approximately 160,000 acres, with expected capital expenditures of $10 million over the next year. Additionally, Epsilon generated $8.5 million in adjusted EBITDA from the Permian year-to-date, representing 70% of the company's total. Looking ahead, Epsilon plans to continue its dividend payments and has hedged portions of its 2025 production to secure favorable pricing, maintaining a strong balance sheet with $45 million in available revolver capacity.Oil Production Growth in Permian Basin
The company reported a 19% quarter-over-quarter oil production growth in the Permian Basin, driven by the seventh Ector well coming online.
Strategic JV Entry into Alberta, Canada
Epsilon Energy announced entry into Alberta, Canada through two joint ventures. They will earn 25% in approximately 160,000 acres, with initial plans for four gross wells in 2025.
Adjusted EBITDA Contribution from Permian
The Permian Basin contributed approximately $8.5 million of adjusted EBITDA year-to-date, accounting for 70% of the total company figure.
Positive Hedge Book Additions for 2025
The company has added incrementally to its hedge book for 2025, locking in prices above the current strip, indicating proactive risk management.
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EPSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EPSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $5.88 | $5.94 | +1.02% |
| Aug 13, 2024 | $5.03 | $5.08 | +0.99% |
| May 08, 2024 | $5.16 | $5.18 | +0.39% |
| Mar 20, 2024 | $4.87 | $5.07 | +4.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Epsilon Energy (EPSN) report earnings?
Epsilon Energy (EPSN) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Epsilon Energy (EPSN) earnings time?
Epsilon Energy (EPSN) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EPSN EPS forecast?
EPSN EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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