Epsilon Energy Ltd
0.0 %
20.45 %
Yet to be announced
Company Overview
Epsilon Energy Ltd. engages in the acquisition, development, gathering, and production of oil and gas reserves in the United States. The Company has natural gas production in the Marcellus in Pennsylvania; and oil, natural gas liquids (NGL) production in Oklahoma. As of December 31, 2021, it had total estimated net proved reserves of 110,969 million cubic feet of natural gas.
Revenue Sources
Based on the company's financial statements and SEC filings, Epsilon Energy's primary revenue streams come from oil and natural gas production and gathering activities. These activities involve the extraction and sale of natural resources, which are considered halal business activities. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or interest-based financial services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $7.29m | $7.1m | - | $53,125 | 0.00% | 0.75% |
| June 30, 2024 | $7.31m | $6.15m | - | $8,759 | 0.00% | 0.14% |
| March 31, 2024 | $7.99m | $6.59m | - | $8,760 | 0.00% | 0.13% |
| Dec. 31, 2023 | $8.56m | $6.87m | - | $8,760 | 0.00% | 0.13% |
Analyzing the last four quarters of financial data: Interest expense represents a very small portion of total expenses, ranging from 0.13% to 0.75% across all quarters. Interest income is consistently zero. The interest expense ratios are well below the 5% threshold for all quarters examined.
Operational Ethics
Based on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, specifically in Pennsylvania and Oklahoma.
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