Quarterly ResultMay 13, 2026, 04:22 PM
Epsilon Energy Q1 Net Income $0.73M, down from $4.02M; Revenue $25.6M
AI Summary
Epsilon Energy Ltd. reported a significant increase in total revenue for Q1 2026 to $25.6 million, up from $16.2 million in Q1 2025. However, net income decreased substantially to $0.73 million, or $0.02 per diluted share, compared to $4.02 million, or $0.18 per diluted share, in the prior year, primarily due to an $8.9 million loss on derivative contracts. The company also authorized a new $15.0 million share repurchase program and declared a quarterly dividend of $0.0625 per share.
Key Highlights
- Total revenue increased to $25.6 million in Q1 2026 from $16.2 million in Q1 2025.
- Net income decreased to $0.73 million ($0.02 diluted EPS) in Q1 2026 from $4.02 million ($0.18 diluted EPS) in Q1 2025.
- Operating income rose to $10.8 million in Q1 2026 from $7.2 million in Q1 2025.
- Incurred an $8.9 million net loss on derivative contracts in Q1 2026, up from $1.46 million loss in Q1 2025.
- Board authorized a new share repurchase program for up to $15.0 million (3,014,986 shares) on February 18, 2026.
- Declared a quarterly dividend of $0.0625 per common share, totaling $1.9 million, paid March 31, 2026.
- Repaid $5.0 million on its credit facility in April 2026, reducing the balance to $45.5 million.
- Had $10.9 million in capital expenditure commitments as of March 31, 2026.