Epsilon Energy reports FY22 EPS $1.51 vs. 49c last year

Reports FY22 revenue $70.0M vs. $42.4M last year. Jason Stabell, CEO, commented, "We had an exceptional 2022. With the support of our Board and team, Andrew and I have transitioned smoothly. A strong market for natural gas and stable production resulted in an increase in annual revenues of 64%. Our cash balance grew by more than $18 million this year, to over $45 million. Record revenues, EBITDA and free cash flow have allowed us to simultaneously build liquidity and return capital to our shareholders. As we look to 2023 and beyond, our focus is on identifying attractive investments in existing assets and new projects, while maintaining our strong financial position, and delivering total shareholder returns underpinned by a stable dividend and opportunistic purchases of our stock. Epsilon is well positioned for continued success in a variety of commodity price environments and we are excited about the future, remaining focused on creating value for our shareholders."