Quarterly ResultAug 12, 2026, 06:30 PM
Epsilon Energy Q2 Adjusted Net Income -$0.82M, EPS -$0.03
AI Summary
Epsilon Energy issued a corrected release for its second quarter 2026 financial and operating results, primarily due to recategorization of asset sale proceeds. The corrected Adjusted Net Income for Q2 2026 is -$815M, and Adjusted Net Income per share is -$0.03, significantly lower than previously stated. Despite the downward revision in adjusted profitability, the company reported strong year-over-year revenue growth of 57% to $18.26M and provided optimistic full-year 2026 production and capital expenditure guidance, reflecting ongoing operational transformation and project progress.
Key Highlights
- Q2 2026 Adjusted Net Income was -$815M, a -109% QoQ and -142% YoY decrease.
- Q2 2026 Adjusted EPS was -$0.03, a -109% QoQ and -130% YoY decrease.
- Total revenues for Q2 2026 reached $18.26M, up 57% YoY but down 29% QoQ.
- Adjusted EBITDA for Q2 2026 was $5.82M, down 21% YoY and 57% QoQ.
- Q2 2026 capital expenditures increased 214% YoY to $8.48M.
- FY 2026 capital expenditure guidance is $42.0M-$47.0M.
- FY 2026 oil production guidance is 640-670 MBbl, up 194% YoY at midpoint.
- Repaid $5M on credit facility in April, reducing total debt to $40.5M.
Price Impact
More from EPSN