Epsilon Energy Ltd (EPSN)

[georgie18]

EPSN...$6.55...🥳... https://schrts.co/gmkvQGzk ...Saucer Breakout...Break/Hold $8.08 and its Blue Skies with NO Topside resistance...

Epsilon Energy Ltd. (NASDAQ:EPSN) reported revenue of $7.29 million in the third quarter of 2024, up from $6.31 million in the same period last year. The revenue also beat analysts' estimates by nearly $403,000. It reported capital expenditures of $3.9 million for the quarter ending September 30, 2024. These expenses were mainly attributed to completing one gross (0.25 net) well in Ector County, Texas, and drilling two gross (1 net) wells in Alberta, Canada.

In addition to this, Epsilon Energy Ltd. (NASDAQ:EPSN) demonstrated strong cash generation. In the first nine months of the year, the company generated over $11.8 million in operating cash flow. At the end of the quarter, it had over $8.3 million available in cash and cash equivalents. Moreover, the company returned $2 million to shareholders through dividends and share repurchases. Currently, it offers a quarterly dividend of $0.0625 per share and has a dividend yield of 4.29%, as of December 7. EPSN is one of the best debt free stocks that pay dividends.