Quarterly ResultAug 12, 2026, 04:48 PM
Epsilon Q2 Net Income $7.13M; Revenue $18.26M; Provides FY26 Guidance
AI Summary
Epsilon Energy Ltd. reported its second quarter 2026 financial and operating results, with GAAP Net Income of $7.13 million ($0.23 diluted EPS) and total revenues of $18.26 million, marking a 57% year-over-year increase. Adjusted EBITDA, however, decreased 21% year-over-year to $5.82 million. The company successfully completed several wells, repaid $5 million on its credit facility, and provided optimistic full-year 2026 production and capital expenditure guidance, expecting significant oil production growth.
Key Highlights
- Q2 2026 GAAP Net Income was $7.13 million ($0.23 diluted EPS).
- Total revenues for Q2 2026 reached $18.26 million, up 57% year-over-year.
- Adjusted EBITDA for Q2 2026 was $5.82 million, down 21% year-over-year.
- Q2 2026 total production was 3,088 MMcfe, up 1% year-over-year.
- Capital expenditures for Q2 2026 were $8.48 million, up 214% year-over-year.
- Repaid $5 million on the credit facility, reducing total debt to $40.5 million.
- Provided FY 2026 guidance: 13,740-14,280 MMcfe total production and $42.0-$47.0 million capital.
- Sold overriding royalty interests for $3.9 million in May 2026.
Price Impact
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