Epsilon Energy Ltd.

Listed Company

EPSNCIK 0001726126NasdaqNon-AcceleratedSmaller ReportingCrude Petroleum & Natural GasA0CAFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

$228.24M

Equity

$124.73M

Shares Out

30.24M

Op. Cash Flow

$20.62M

Business

Epsilon Energy Ltd. is a North American on‑shore independent oil and natural gas company engaged in the acquisition, development, gathering and production of hydrocarbon reserves. It produces and markets natural gas, oil and natural gas liquids and provides gas gathering and compression services through its midstream interests. Operations are organized into two segments—Upstream (acquisition, exploration, development and production) and Gathering System (natural gas gathering interests). Epsilon operates in the Marcellus Shale (Pennsylvania), the Permian Basin (Texas and New Mexico), the NW Anadarko/STACK (Oklahoma) and the Western Canadian Sedimentary Basin (Alberta).

Summary from filing dated 2025-03-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	52	32	31	70	42
Lease operating expenses	13	7	6	—	—
Gathering system operating expenses	2	2	2	2	2
Depletion, depreciation, amortization, and accretion	12	10	8	6	7
Impairment expense	4	1	0	—	—
Loss on sale of oil and gas properties	19	0	1	−221,642	—
Transaction costs	3	0	—	—	—
Stock based compensation expense	2	1	1	1	956,084
Other general and administrative expenses	7	6	6	6	6
Total operating costs and expenses	62	28	25	23	22
Operating (loss) income	−11	3	5	47	21
Interest income	188,369	493,277	2	452,877	38,865
Interest expense	−624,160	−46,400	−80,379	—	—
Gain (loss) on derivative contracts, net	6	−391,147	3	236,077	—
Other income, net	16,556	76,727	4,357	−99,469	1,130
Other income, net	5	132,457	5	538,703	−5
Net (loss) income before income tax expense	−5	4	10	48	16
Income tax (benefit) expense	362,731	2	3	12	4
NET (LOSS) INCOME	−6	2	7	35	12
Currency translation adjustments	−136,700	262,588	−3,872	−44,054	−2,042
Unrealized loss on securities	0	−1,598	1,598	0	—
NET COMPREHENSIVE (LOSS) INCOME	−6	2	7	35	12
Net (loss) income per share, basic (in dollars per share)	−0.25	0.09	0.31	1.52	0.49
Net (loss) income per share, diluted (in dollars per share)	−0.25	0.09	0.31	1.51	0.49
Weighted average number of shares outstanding, basic (in shares)	23	22	22	23	24
Weighted average number of shares outstanding, diluted (in shares)	23	22	23	23	24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	9	7	13	45	26
Accounts receivable	16	6	6	7	5
Fair value of derivatives	3	0	1	1	0
Prepaid income taxes	3	975,963	952,301	1	0
Other current assets	2	792,041	763,288	632,154	569,870
Total current assets	33	14	41	55	32
Proved properties	233	192	160	148	138
Unproved properties	79	28	26	18	22
Accumulated depletion, depreciation, amortization and impairment	−132	−123	−114	−108	−102
Total oil and gas properties, net	181	97	72	59	57
Gathering system	44	43	43	43	42
Accumulated depletion, depreciation, amortization and impairment	−37	−36	−36	−35	−33
Total gathering system, net	6	7	7	8	9
Land	1	637,764	637,764	637,764	637,764
Buildings and other property and equipment, net	4	259,335	291,807	286,035	309,102
Total property and equipment, net	192	105	80	68	67
Operating lease right-of-use assets, long term	488,949	344,589	441,987	0	—
Restricted cash	553,000	470,000	470,000	570,363	568,118
Fair value of derivatives, long term	1	0	—	—	—
Deferred financing costs	774,347	0	—	—	—
Prepaid drilling costs	246,220	982,717	2	0	—
Total non-current assets	196	106	83	68	68
Total assets	228	120	124	124	99
Accounts payable trade	11	2	3	2	1
Gathering fees payable	1	997,016	1	935,012	963,546
Royalties payable	9	1	1	2	2
Accrued capital expenditures	24,888	572,079	696,761	41,694	1
Accrued compensation	1	695,018	636,295	598,351	343,348
Other accrued liabilities	3	371,503	649,037	690,655	754,779
Fair value of derivatives	0	487,548	118,770	0	239,824
Operating lease liabilities	271,494	121,135	86,473	35,299	0
Total current liabilities	25	7	8	6	8
Credit facility payable	51	0	—	—	—
Ad valorem taxes, long term	7	0	—	—	—
Asset retirement obligations	7	4	4	3	3
Deferred income taxes	13	13	12	11	10
Operating lease liabilities, long term	340,052	355,776	476,911	0	142,810
Total non-current liabilities	79	17	16	13	13
Total liabilities	104	24	23	20	20
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred shares, no par value, unlimited shares authorized, none issued or outstanding	0	0	0	0	0
Common shares, no par value, unlimited shares authorized and 30,239,980 shares issued and outstanding at December 31, 2025 and 22,008,766 issued and outstanding at December 31, 2024	154	116	118	124	132
Additional paid-in capital	14	12	11	10	9
Accumulated deficit	−53	−42	−38	−39	−69
Accumulated other comprehensive income	10	10	10	10	10
Total shareholders' equity	125	97	101	104	79
Total liabilities and shareholders' equity	228	120	124	124	99

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	−6	2	7	35	12
Accretion of discount on available for sale securities	0	−297,637	−836,528	0	—
Amortization on deferred financing costs	44,510	0	—	—	—
Settlement received on derivative contracts	1	1	3	−1	−4
Settlement of asset retirement obligation	−1,600	−88,992	−509,802	−118,260	0
Deferred income tax (benefit) expense	117,008	1	936,549	711,954	−197,412
Accounts receivable	−2	171,726	1	−3	−679,643
Prepaid income taxes	−2	−23,662	187,793	0	—
Other assets and liabilities	−10,365	−17,828	126,347	−58,368	—
Accounts payable, royalties payable, gathering fees payable, and other accrued liabilities	−3	−493,176	−122,203	1	646,410
Net cash provided by operating activities	21	17	18	38	20
Additions to unproved oil and gas properties	−7	−5	−8	−310,211	−148,862
Additions to proved oil and gas properties	−8	−32	−10	−8	−4
Additions to gathering system properties	−465,203	−341,452	−82,302	−184,032	−297,841
Additions to land, buildings and property and equipment	270,488	−16,513	−49,689	−13,258	−5,745
Purchases of short term investments - available for sale	0	−4	−12	0	—
Proceeds from short term investments - held to maturity	0	7	27	—	—
Proceeds from short term investments - available for sale	0	16	—	—	—
Net asset acquired in business combination	−50	0	—	—	—
Proceeds from sale of oil and gas properties	3	0	12,498	200,000	450,000
Prepaid drilling costs	736,497	831,091	−2	0	379
Net cash used in investing activities	−62	−17	−38	−8	−4
Buyback of common shares	0	−2	−6	−6	−2
Borrowings on credit facility	51	0	—	—	—
Dividends paid	−6	−5	−6	−6	0
Deferred financing costs	−818,857	0	−140,000	0	—
Net cash provided by (used in) financing activities	44	−7	−12	−11	−2
Effect of currency rates on cash, cash equivalents, and restricted cash	−136,700	262,588	−3,872	−44,054	−2,042
Increase (decrease) in cash, cash equivalents, and restricted cash	3	−7	−32	19	13
US Federal	1	414,250	1	—	—
Interest paid	9,935	16,832	97,595	68,328	95,942
Change in proved properties accrued in accounts payable	−937,079	−862,744	2	−1	−1
Change in gathering system accrued in accounts payable	−41,186	36,645	—	—	—
Asset retirement obligation asset additions and adjustments	25,195	54,902	1	12,053	33,234

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro