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Epsilon Energy's quarterly net PPE increased from Mar. 2024 ($101.57 Mil) to Jun. 2024 ($104.34 Mil) and increased from Jun. 2024 ($104.34 Mil) to Sep. 2024 ($106.52 Mil).
Epsilon Energy's annual net PPE increased from Dec. 2021 ($67.23 Mil) to Dec. 2022 ($67.83 Mil) and increased from Dec. 2022 ($67.83 Mil) to Dec. 2023 ($80.63 Mil).
The historical data trend for Epsilon Energy's Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Epsilon Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 74.68 | 68.33 | 67.23 | 67.83 | 80.63 |
Epsilon Energy Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 78.10 | 80.63 | 101.57 | 104.34 | 106.52 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
Epsilon Energy (NAS:EPSN) Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Thank you for viewing the detailed overview of Epsilon Energy's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Williamson | officer: Chief Financial Officer | 16945 NORTHCHASE DR., SUITE 1610, HOUSTON TX 77060 |
Jason Stabell | director, officer: Chief Executive Officer | 16945 NORTHCHASE DR., SUITE 1610, HOUSTON TX 77060 |
Solas Capital Management, Llc | 10 percent owner | 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820 |
Jason Stankowski | director | 3160 COLLEGE AVE, SUITE 203, BERKELEY CA 94705 |
Nicola L Maddox | director | 6331 CONCHO BAY DR, HOUSTON TX 77041 |
John Lovoi | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
David W Winn | director | 5217 HOLLY ST., BELLAIRE TX 77401 |
Tucker Golden Frederick | 10 percent owner | C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820 |
Bruce Lane Bond | officer: Chief Financial Officer | 6206 CORAL RIDGE RD., HOUSTON TX 77069 |
Stephen Finlayson | director | 3621 TIMBERSIDE CIRCLE DR., HOUSTON TX 77025 |
Ryan Roebuck | director | 16701 GREENSPOINT PARK DR., SUITE 195, HOUSTON TX 77060 |
Oakview Capital Management, L.p. | 10 percent owner | 3879 MAPLE AVE., SUITE 300, DALLAS TX 75219 |
Azvalor Asset Management Sgiic Sa | 10 percent owner | PASEO DE LA CASTELLANA 110, MADRID U3 28046 |
Matthew Dougherty | director | 180 N. STETSON AVE, SUITE 5500, CHICAGO IL 60601 |
Adrian Montgomery | director | 16701 GREENSPOINT PARK DRIVE, SUITE 195, HOUSTON TX 77060 |
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