From GlobeNewswire: 2025-03-19 16:50:00

Epsilon Energy Ltd. reported financial results for Q4 and full-year 2024. Highlights include a 26% decrease in gas production, a 170% increase in oil revenue, and a 51% increase in NGL revenue. The company returned $7.3 million to shareholders in 2024 through dividends and share repurchases. CEO Jason Stabell expects growth in production and cash flows for 2025.

In 2024, Epsilon invested in Texas assets, with 7 gross producing wells and plans for development in the Barnett play. A JV in Alberta with a US operator covers 30,000 gross acres. Reserves increased by 20% YoY, driven by acquisitions and development activity. The company has a strong hedge book for 2025.

Adjusted EBITDA for 2024 was $17.6 million, down 7% from the previous year. Epsilon’s conference call to discuss results is on March 20. The company has assets in multiple North American locations and aims for growth in production and cash flows. Forward-looking statements caution risks and uncertainties, with CEO Jason Stabell and CFO Andrew Williamson as key contacts.



Read more at GlobeNewswire:: Epsilon Announces Full Year 2024 Results