Azvalor Asset Management (NYSE: EPSN) reports 3.03M-share stake

Rhea-AI Filing Summary

Epsilon Energy Ltd. Schedule 13G shows AZVALOR ASSET MANAGEMENT SGIIC beneficially owns 3,034,692 shares of Epsilon Energy, equal to 10.0% of the class as reported 05/07/2026. The filing lists sole and shared voting and dispositive power over the same amount.

Insights

Equity Ownership Analyst

Large passive stake disclosed: 3,034,692 shares (10.0%).

AZVALOR Asset Management reports holding 3,034,692 shares of Epsilon Energy, representing 10.0% of the class per the Schedule 13G dated 05/07/2026. The filing documents both sole and shared voting and dispositive power over those shares.

Such a disclosure signals a sizable passive stake; subsequent filings may clarify any changes in intent or ownership status.

Key Figures

Beneficial ownership: 3,034,692 shares Percent of class: 10.0% CUSIP: 294375209

3 metrics

Beneficial ownership 3,034,692 shares Schedule 13G reporting, <date>05/07/2026</date>

Percent of class 10.0% Percent of class reported on Schedule 13G

CUSIP 294375209 Epsilon Energy Ltd. CUSIP provided on the filing

Key Terms

Schedule 13G, Beneficially owned, Sole Voting Power

3 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Epsilon Energy Ltd."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 3,034,692"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Item 4. (c)(i) Sole power to vote: 3,034,692"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Epsilon Energy Ltd.

(Name of Issuer)

Epsilon Energy Ltd

(Title of Class of Securities)

294375209

(CUSIP Number)

05/07/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 294375209

1

Names of Reporting Persons

AZVALOR ASSET MANAGEMENT SGIIC SA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SPAIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,034,692.00
6	Shared Voting Power 3,034,692.00
7	Sole Dispositive Power 3,034,692.00
8	Shared Dispositive Power 3,034,692.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,034,692.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.0 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Epsilon Energy Ltd.
(b)	Address of issuer's principal executive offices: 500 DALLAS STREET, SUITE 1250, HOUSTON, TEXAS, 77002
Item 2.
(a)	Name of person filing: AZVALOR ASSET MANAGEMENT SGIIC
(b)	Address or principal business office or, if none, residence: PASEO DE LA CASTELLANA 110 3 FLOOR 28046 MADRID SPAIN
(c)	Citizenship: SPAIN
(d)	Title of class of securities: Epsilon Energy Ltd
(e)	CUSIP Number(s): 294375209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,034,692
(b)	Percent of class: 10,0
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,034,692
	(ii) Shared power to vote or to direct the vote: 3,034,692
	(iii) Sole power to dispose or to direct the disposition of: 3,034,692
	(iv) Shared power to dispose or to direct the disposition of: 3,034,692
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AZVALOR ASSET MANAGEMENT SGIIC SA

Signature:	SERGIO FERNANDEZ-PACHECO
Name/Title:	CFO
Date:	05/14/2026

FAQ

What stake did AZVALOR disclose in Epsilon Energy (EPSN)?

AZVALOR disclosed beneficial ownership of 3,034,692 shares, representing 10.0% of the class as of 05/07/2026. The Schedule 13G lists sole and shared voting and dispositive power over the same number of shares.

Does the Schedule 13G show who controls the votes for EPSN shares?

Yes. The filing states AZVALOR has both sole and shared voting power for 3,034,692 shares. It lists identical counts for sole and shared voting and dispositive powers in the ownership section of the report.

What form was filed to report AZVALOR's position in EPSN?

AZVALOR filed a Schedule 13G disclosing passive beneficial ownership of 3,034,692 shares (10.0%). The cover shows issuer Epsilon Energy Ltd. and CUSIP 294375209 with the filing dated 05/07/2026.

Is the AZVALOR holding in EPSN classified as beneficial ownership?

Yes. The Schedule 13G explicitly reports the position as beneficially owned: 3,034,692 shares equal to 10.0% of the class, with voting and dispositive powers noted in the ownership table dated 05/07/2026.

Who signed the Schedule 13G for AZVALOR regarding EPSN?

The filing is signed by Sergio Fernandez-Pacheco in the capacity of CFO and dated 05/14/2026. The signature block attests to the ownership figures reported for AZVALOR Asset Management SGIIC.