Every 10-Q that Epsilon Energy Ltd. (EPSN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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. reported significantly stronger results for the six months ended June 30, 2026. Total revenue was $43.9 million, up 58% from $27.8 million a year earlier, driven mainly by higher oil and NGL volumes and prices following the Peak acquisition in Wyoming.
Net income rose to $7.9 million (basic EPS $0.26) from $5.6 million (basic EPS $0.25). Operating income increased to $19.2 million from $8.0 million, despite much higher lease operating expenses of $13.5 million versus $5.2 million, reflecting added Wyoming operations and taxes. There was no impairment in 2026, compared with $2.7 million in 2025.
Cash from operating activities was strong at $22.4 million, compared with $16.9 million a year earlier. The company reduced its credit facility balance to $40.5 million from $50.5 million while maintaining a $90 million borrowing base and paying $3.8 million in dividends. However, Epsilon recorded a $6.7 million loss on derivative contracts year to date and interest expense increased to $1.8 million.
Epsilon Energy Ltd. filed its 10-Q reporting stronger results and a pending acquisition. The company signed definitive agreements on August 11, 2025 to acquire Peak Exploration and Production LLC and Peak BLM Lease LLC for consideration including 6,000,000 common shares and the assumption of approximately $51.2 million of debt, with up to 2,500,000 additional shares contingent on access to certain acreage; the transactions are expected to close in Q4 2025, subject to shareholder approval.
Q3 revenue was $8,981,459 versus $7,287,941 a year ago, with net income of $1,072,295 versus $366,021. For the nine months, revenue reached $36,769,332 versus $22,582,502, and net income was $6,639,790 versus $2,688,577. Cash and cash equivalents were $12,766,167 at September 30, 2025 (versus $6,519,793 at December 31, 2024), with no borrowings under a $45 million reserve-based revolver. The board declared and paid quarterly dividends of $0.0625 per share during the period. Shares outstanding were 22,067,213 as of November 4, 2025.
Epsilon Energy Ltd. reported stronger operating results for the quarter and first half of 2025 driven by higher commodity sales and gathering fees. Total revenue rose to $11.62 million for the three months ended June 30, 2025 from $7.31 million a year earlier and to $27.79 million for the six months versus $15.29 million in 2024. Net income was $1.55 million for the quarter and $5.57 million for the six months, up from $0.82 million and $2.32 million, respectively. Cash and cash equivalents increased to $9.91 million at June 30, 2025. Property, equipment, and gathering system net book value totaled $106.04 million and total assets were $123.61 million.
The period included a $2.67 million impairment for two Alberta wells and income tax expense of $3.51 million for the six months. The company paid approximately $2.8 million of dividends in the period, had no borrowings under its $45.0 million revolving credit facility at period end, and reported compliance with credit covenants.