Epsilon Energy Net Revenue Interest Total Production 9.0 Bcfe For The Year Ended December 31, 2023; Average Realized Price Of $2.34 Per Mcfe Down 62% YoY
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Epsilon Energy (EPSN) reported a net revenue interest total production of 9.0 Bcfe for 2023, with a significant decrease in average realized price per Mcfe by 62% YoY. Natural gas production decreased by 12%, while oil production increased by 103%. The average realized prices for natural gas, oil, and natural gas liquids also saw declines compared to 2022.
March 21, 2024 | 7:11 am
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NEGATIVE IMPACT
Epsilon Energy reported a mixed production performance for 2023, with a notable decrease in average realized prices for its products, impacting revenue negatively.
The significant decrease in average realized prices, especially a 70% drop for natural gas, coupled with a 12% decrease in natural gas production, suggests a negative impact on EPSN's revenue and potentially its stock price in the short term. However, the increase in oil production may partially offset these negative effects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100