I feel like black's position is more active than whites, and he has initiative (after white plays the forced a3).
The white bishop is going to struggle to be more than a tall pawn, with the blockaded e pawn blocking him, and it doesn't look like there is going to be much activity on the h4-e8 diagonal.
It's possible for white to swing the knight to d4 to try to gain some activity and maybe some exchanges, it looks freeing but not promising anything.
The b2 pawn is a major target for black.
Having to defend the e5 pawn will be a liability for white.
Here's a portion of a game form a blitz game I played today. Black seemed to have played a terrible opening, losing a pawn - but the position (at the end of the portion I'll show) is evaluated as a very small advantage for white by Houdini.
I feel like I'd be a better player if I had more of a feel for why these positions weren't really so good for the side with the extra pawn. Sure enough, I couldn't find much to do here with the white pieces - I later blundered and lost, but it was a blitz game.
Anyways - your thoughts on this?