Epsilon Energy Ltd.

NasdaqGM:EPSN Stock Report

Market Cap: US$196.3m

Epsilon Energy Management

Management criteria checks 3/4

Epsilon Energy's CEO is Jason Stabell, appointed in Jul 2022, has a tenure of 3.83 years. total yearly compensation is $1.38M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 2.78% of the company’s shares, worth $5.46M. The average tenure of the management team and the board of directors is 3.8 years and 4.6 years respectively.

Key information

Jason Stabell

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage23.95%
CEO tenure3.8yrs
CEO ownership2.8%
Management average tenure3.8yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

Seeking Alpha • Mar 12

Epsilon Energy: Rising Energy Prices Bode Well For Upcoming Q4 Earnings And Beyond

Summary Epsilon Energy Ltd. is upgraded to 'Buy' as technicals and commodity pricing momentum turn favorable. EPSN's diversified asset base, including recent Peak acquisition and midstream interests, enhances earnings visibility and risk mitigation. Rising natural gas and oil prices, alongside robust Marcellus volumes, are set to drive Q4 earnings higher. Dividend sustainability is underpinned by midstream cash flows, and downside appears limited with a no-growth valuation near $6.25. Read the full article on Seeking Alpha
Analysis Article • Nov 29

Epsilon Energy's (NASDAQ:EPSN) Dividend Will Be $0.0625

The board of Epsilon Energy Ltd. ( NASDAQ:EPSN ) has announced that it will pay a dividend of $0.0625 per share on the...
Analysis Article • Sep 08

Epsilon Energy (NASDAQ:EPSN) Will Pay A Dividend Of $0.0625

Epsilon Energy Ltd.'s ( NASDAQ:EPSN ) investors are due to receive a payment of $0.0625 per share on 30th of September...
Seeking Alpha • Mar 27

Epsilon Energy: Slightly Overbought But Long-Term Bull Intact Post Q4 Earnings

Summary Epsilon Energy's stock has seen a 36% return over 10 months, driven by strong Permian operations, a solid balance sheet, and improving Marcellus asset returns. Technical indicators suggest a short-term pullback, with the MACD signaling a potential drop to $6-$6.40 levels. Fiscal 2024 results show a 2.6% revenue increase, with significant growth in Permian assets and a bullish outlook for natural gas prices. Despite potential short-term declines, EPSN's forward earnings and ROE look promising, supported by rising commodity prices and increased capital expenditure. Read the full article on Seeking Alpha
Analysis Article • Mar 03

Epsilon Energy (NASDAQ:EPSN) Is Due To Pay A Dividend Of $0.0625

The board of Epsilon Energy Ltd. ( NASDAQ:EPSN ) has announced that it will pay a dividend on the 31st of March, with...
Seeking Alpha • Jan 05

Epsilon Energy: Oil Bails Out The Latest Results

Summary Epsilon Energy's earnings are now primarily from oil and liquids. The company's ventures into oil production is primarily in the Permian for the time being.  Canada appears to be next. Epsilon generates strong cash flow and maintains a hefty cash balance. The balance sheet is debt free. The Marcellus is declining in importance. The future of the Anadarko properties appears to be uncertain. Read the full article on Seeking Alpha
Analysis Article • Jan 04

Epsilon Energy Ltd.'s (NASDAQ:EPSN) P/E Is On The Mark

Epsilon Energy Ltd.'s ( NASDAQ:EPSN ) price-to-earnings (or "P/E") ratio of 27.1x might make it look like a sell right...
Analysis Article • Nov 30

Epsilon Energy's (NASDAQ:EPSN) Dividend Will Be $0.0625

Epsilon Energy Ltd.'s ( NASDAQ:EPSN ) investors are due to receive a payment of $0.0625 per share on 31st of December...
Analysis Article • Nov 13

Weak Statutory Earnings May Not Tell The Whole Story For Epsilon Energy (NASDAQ:EPSN)

Epsilon Energy Ltd.'s ( NASDAQ:EPSN ) recent weak earnings report didn't cause a big stock movement. We think that...
Seeking Alpha • Jul 03

Epsilon Energy: The Transition To More Oil Production Continues

Summary Epsilon Energy is long-term debt free. Epsilon Energy has a large cash balance and short-term investment balance. The company's main asset is dry gas production in the Marcellus, with potential for growth in the second half of the fiscal year. This small company has big partners like Williams Companies and Chesapeake Energy. The midstream business lessens the earnings volatility when compared to pure upstream operators. Read the full article on Seeking Alpha
Analysis Article • Jun 06

Epsilon Energy (NASDAQ:EPSN) Is Due To Pay A Dividend Of $0.0625

Epsilon Energy Ltd. ( NASDAQ:EPSN ) will pay a dividend of $0.0625 on the 28th of June. Based on this payment, the...
Seeking Alpha • May 14

Epsilon Energy: Green Shoots Ahead As Price Of Nat Gas Heads Northward (Technical Analysis)

Summary Epsilon Energy's stock has gained approximately 2% since June 2023 and almost 7% since December 2023. Technical analysis suggests that Epsilon's shares will continue to trade higher, with limited downside risk. Epsilon's asset count continues to grow, and the company's successful business model has resulted in strong insider buying. Read the full article on Seeking Alpha
Seeking Alpha • Jan 30

Epsilon Energy: Small Company With Big Partners

Summary Epsilon Energy has partnerships with "name" companies that produce cash flow and grow, setting it apart from other small companies in the industry. The company's original business is in the Marcellus, with Chesapeake Energy operating the acreage. Epsilon Energy has a debt-free balance sheet and a large cash balance, allowing for flexibility in participating in wells. The relatively new Permian acreage shows promise as a growth area for the company. The midstream business lowers the typical upstream volatility for the company. Read the full article on Seeking Alpha
Analysis Article • Dec 08

Epsilon Energy (NASDAQ:EPSN) Has Announced A Dividend Of $0.0625

The board of Epsilon Energy Ltd. ( NASDAQ:EPSN ) has announced that it will pay a dividend of $0.0625 per share on the...
Analysis Article • Aug 15

Under The Bonnet, Epsilon Energy's (NASDAQ:EPSN) Returns Look Impressive

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article • Mar 14

Shareholders Would Enjoy A Repeat Of Epsilon Energy's (NASDAQ:EPSN) Recent Growth In Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Oct 03

Epsilon Energy: Safer Than A Lot Of Larger Natural Gas Companies

Summary Epsilon Energy has less risk than many larger upstream competitors. Operating risk is reduced by using established operators for the leases. The company loses some control over the pace of development as a result. Financial risk is reduced by having a large cash balance and a debt-free balance sheet. Oklahoma will be the source of a lot of future growth. (This article was in the newsletter August 23, 2022, and has been updated as needed.) Epsilon Energy (NASDAQ:EPSN) overcomes the small company risk that is typical of a lot of companies in the industry by managing to avoid the things that cause a lot of stock price volatility. This is combined with a rock-solid balance sheet to minimize financial risk. The whole strategic package is a smaller company with an unusual amount of safety not often seen even in the larger upstream operators of the industry. The company reported a second quarter cash balance of $30 million. The cash balance is large enough to pay off all liabilities while still having more cash left in the true Graham and Dodd fashion. Companies in the industry with debt-free balance sheets are not all that common. A large cash balance, as is the case for a company of this size, protects the stock from too much downward pressure because cash is considered a fluid source of funds. Secondly, the company has an interest in a midstream operation. Midstream operations traditionally do not vary anywhere near as much as upstream. So, there is a steady cash flow available from the midstream operations that many upstream operators lack. Not An Operator This company does not operate any of its leases. Instead, management usually has well-established operators that operate the leases. This frees up a considerable amount of personnel expense. However, it also introduces less control over the development pace of the leases where the company has an interest. This fact does necessitate a decent cash balance and low debt so the company can maximize the participation choices once an operator proposes a development pace. To some extent, the perceived lack of control over the pace of lease development can be offset by contractual agreements. But other factors, like commodity prices are beyond control of the operator. Yet a lot of those factors will control the pace of lease development. In the current environment, any and all parties are likely to develop the company leases at a decent pace. Investors need to remember that this is a small company. So, production growth can be lumpy. With larger companies that are constantly drilling and completing wells, relatively smooth and predictable production growth results. Here, one project can have a material result on the company-reported production until the next project completes. There is also the factor that the company interest varies by leases developed. So, some projects have considerably more effects upon future reporting than others. Operating Areas Of Interest This company operates principally in two basins: the Scoop and Stack area in Oklahoma and the Marcellus in Susquehanna County, Pennsylvania. Epsilon Energy Marcellus Lease Holdings (Epslon Energy November 2021, Corporate Presentation) The established operator of these leases is Chesapeake Energy (CHK). That is a long-standing relationship with the company that goes back about a decade or so. What is new for the company is the establishment of Upper Marcellus production. Previously all the production came from the Lower Marcellus. That opens up an avenue for some future production growth in a situation that was perceived to be maturing in the past (with of course future production declines expected). The other possible area of growth from continuing technology improvements is the ability to recover more natural gas. The unconventional business is fairly young. Therefore, recovery estimates are relatively low when compared to a lot of conventional opportunities. That is likely to change in the future as technology continues its forward march. Epsilon Energy Oklahoma Lease Holdings (Epsilon Energy November 2021, Corporate Presentation) The emphasis on growth will lead to a fair amount of development of the relatively recent acquisition of the Oklahoma leases. The total holdings of leases are far larger than is the case for the Marcellus. The current pricing of various commodities has probably made all the lease areas a potential target for development. The emphasis on liquids-rich areas as noted by management should give the company a profit flexibility that it never had with the Marcellus leases. Generally, liquids-rich development projects have higher costs. But they also offer a more valuable mix of end products. So, it will be interesting to see how the future strategy unfolds as commodity prices vary over time. That mix of end products can make these leases very profitable under potentially more industry conditions than simply dry gas alone. A lot will depend upon relative production costs in both sets of leases. Already, these leases have led to an increase in reported oil sales. The dry gas produced in Pennsylvania has an insignificant amount of liquids. The quantity was so small that there really was no overall effect on the average selling price. That is slowly beginning to change as the Oklahoma production begins to grow. Cash Flow Management reported about $15 million in cash flow at the six-month benchmark. That is easily the highest cash flow in some time (if not ever). Share repurchases are underway to also support the price of the stock. There is a new CEO here that the outgoing CEO helped to choose. That means that the transition to the new management will likely be smooth. There is not a lot of operational risk here to begin with because the company relies upon established operators. The major future risk would be that the remaining lease inventory would not be productive or competitive in future environments. So far that appears to be unlikely. The Future This management has navigated a lot of industry challenges over the years and comes through with a pristine balance sheet that protects against a lot of downside risk. Not many competitors can say that.
Analysis Article • Sep 26

Returns on Capital Paint A Bright Future For Epsilon Energy (NASDAQ:EPSN)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Seeking Alpha • Aug 31

Epsilon Energy declares $0.0625 dividend

Epsilon Energy (NASDAQ:EPSN) declares $0.0625/share quarterly dividend, in line with previous. Forward yield 3.49% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See EPSN Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 12

Epsilon Energy GAAP EPS of $0.44, revenue of $19.9M

Epsilon Energy press release (NASDAQ:EPSN): Q2 GAAP EPS of $0.44. Revenue of $19.9M (+180.7% Y/Y). For the three months ended June 30, 2022, Epsilon's Adjusted Earnings Before Interest, Taxes, Depreciation, Amortization  was $15.6M as compared to $3.0M for the three months ended June 30, 2021.
Seeking Alpha • Jun 06

Epsilon Energy: Growth Shifts To Oklahoma

This dry gas producer is shifting to liquids rich production as are many in the industry. The midstream interest lowers earnings volatility and participation in the industry cycle. The Oklahoma acreage will become a much more significant income producer in the future. The Pennsylvania acreage benefits from the development of a new interval. The outlook is conservatively bright and far less volatile than is typical in the industry.  The balance sheet is also strong enough to reduce investment risk.
Analysis Article • Apr 19

Epsilon Energy (NASDAQ:EPSN) Shareholders Will Want The ROCE Trajectory To Continue

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Seeking Alpha • Oct 23

Epsilon Energy: Another Growth Avenue Opens Up

This debt free company sailed through fiscal year 2020. Larger, more established operators operate the company acreage. The expansion into Oklahoma can be evaluated at current commodity prices. The Oklahoma expansion also adds liquids production to the dry gas production in Pennsylvania. The share repurchases are offsetting the issuance of shares used to purchase the Oklahoma acreage.
Analysis Article • Oct 01

What Epsilon Energy Ltd.'s (NASDAQ:EPSN) 26% Share Price Gain Is Not Telling You

Epsilon Energy Ltd. ( NASDAQ:EPSN ) shareholders have had their patience rewarded with a 26% share price jump in the...
Analysis Article • May 13

We Think You Can Look Beyond Epsilon Energy's (NASDAQ:EPSN) Lackluster Earnings

The market for Epsilon Energy Ltd.'s ( NASDAQ:EPSN ) shares didn't move much after it posted weak earnings recently...
Analysis Article • Apr 08

There's Been No Shortage Of Growth Recently For Epsilon Energy's (NASDAQ:EPSN) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

CEO Compensation Analysis

How has Jason Stabell's remuneration changed compared to Epsilon Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$9m

Dec 31 2025US$1mUS$331k

-US$6m

Sep 30 2025n/an/a

US$6m

Jun 30 2025n/an/a

US$5m

Mar 31 2025n/an/a

US$4m

Dec 31 2024US$1mUS$322k

US$2m

Sep 30 2024n/an/a

US$5m

Jun 30 2024n/an/a

US$5m

Mar 31 2024n/an/a

US$5m

Dec 31 2023US$1mUS$311k

US$7m

Sep 30 2023n/an/a

US$14m

Jun 30 2023n/an/a

US$23m

Mar 31 2023n/an/a

US$33m

Dec 31 2022US$1mUS$150k

US$35m

Compensation vs Market: Jason's total compensation ($USD1.38M) is about average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.

CEO

Jason Stabell (50 yo)

3.8yrs
Tenure
US$1,381,758
Compensation

Mr. Jason P. Stabell serves as President at Merlon International, LLC since June 2008, Chief Executive Officer since November 2013, and its Chief Financial Officer since October 2004. Mr. Stabell has been...

Leadership Team

NamePositionTenureCompensationOwnership
Jason Stabell
President3.8yrsUS$1.38m2.78%
$ 5.5m
J. Williamson
Chief Financial Officer3.8yrsUS$839.06k0.55%
$ 1.1m
Henry Clanton
Chief Operating Officer9.3yrsUS$720.04k0.34%
$ 668.6k
Shannon Lemke
Vice President of Exploration8.5yrsno data0.17%
$ 325.0k
Glen Christiansen
Senior Vice President of Rockiesless than a yearno datano data
Justin Vaughn
Senior VP of Rockies Commercialno datano datano data
3.8yrs
Average Tenure
51yo
Average Age

Experienced Management: EPSN's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jason Stabell
President3.8yrsUS$1.38m2.78%
$ 5.5m
Bryan Lawrence
Independent Directorless than a yearno data0%
$ 0
Tracy Stephens
Independent Director9yrsUS$130.00k0.25%
$ 483.5k
John Lovoi
Independent Chairman of the Board12.8yrsUS$160.00k0.32%
$ 634.6k
Jack Vaughn
Independent Directorless than a yearno data0.099%
$ 194.0k
Jason Stankowski
Independent Director5.3yrsUS$120.00k0.11%
$ 219.3k
Nicola Maddox
Independent Director3yrsUS$120.00k0.057%
$ 112.7k
David Winn
Independent Director5.3yrsUS$135.00k0.15%
$ 295.9k
4.6yrs
Average Tenure
64yo
Average Age

Experienced Board: EPSN's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 13:37
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Epsilon Energy Ltd. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David BeddisATB Cormark Historical (Cormark Securities)
Robert ParéClarus Securities Inc.
Melanie van den BergeParadigm Capital, Inc.