Here are the 10-K annual reports from Epsilon Energy Ltd. (EPSN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow EPSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EPSN filings page.
Epsilon Energy Ltd. reports higher 2025 scale driven by a major acquisition and strong production growth. Total company production reached 11,825 MMcfe, up from 7,676 MMcfe in 2024, supporting revenues of $51.6 million versus $31.5 million a year earlier.
On November 14, 2025, Epsilon acquired Peak Exploration & Production LLC and Peak BLM Lease LLC for total consideration of $88.5 million, including 5,681,489 common shares, contingent equity valued at $10.6 million and settlement of $50.3 million of debt. The acquired Powder River Basin assets added Proved Reserves of 16.8 Bcf of natural gas, 8.2 MMBbls of oil and 2.0 MMBbls of NGLs.
At December 31, 2025, total Proved Reserves were 156,037 MMcfe (86,372 MMcf of natural gas and 11.6 MMBbls of liquids). Epsilon held 101,265 gross (54,044 net) acres and 540 gross wells. A new reserve-based credit facility with an $80 million borrowing base was put in place, with $45.5 million outstanding as of March 25, 2026. The company paid $6.0 million in dividends for 2025 and had 30,239,980 common shares outstanding as of March 26, 2026, while also highlighting continued geographic concentration and commodity price risks in its risk factors.