StockWatch
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Oil & Gas Production
Loan & DebtJun 1, 2026, 04:05 PM

Epsilon Energy's Borrowing Base Increased to $90M; Declares Dividend

AI Summary

Epsilon Energy Ltd. announced a dividend of $0.0625 per share, payable on June 30, 2026. Additionally, the company's senior secured revolving credit facility's borrowing base was redetermined and increased to $90 million, with commitments also rising to $90 million. Currently, $40.5 million is outstanding on the facility, and the next redetermination is set for Q4 2026.

Key Highlights

  • Epsilon Energy's Board declared a dividend of $0.0625 per share of common stock.
  • The annualized dividend is $0.25 per share.
  • The dividend is payable on June 30, 2026, to shareholders of record on June 15, 2026.
  • The borrowing base on the senior secured revolving credit facility was redetermined at $90 million.
  • Commitments on the credit facility were increased to $90 million.
  • There is currently $40.5 million outstanding on the Credit Facility.
  • The next borrowing base redetermination is scheduled for the fourth quarter of 2026.