Epsilon Energy Ltd.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
EPSN$5.24+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine months ended September 30, | ||||||
| | 2025 | 2024 | ||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $6,639,790 | | $2,688,577 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
| Depletion, depreciation, amortization, and accretion | | | 9,247,973 | | | 7,127,641 |
| Impairment expense | | | 2,676,669 | | | — |
| Accretion of discount on available for sale securities | | | — | | | (297,637) |
| Gain on derivative contracts | | | (2,076,000) | | | (245,095) |
| Settlement received on derivative contracts | | | 699,265 | | | 1,245,931 |
| Settlement of asset retirement obligation | | | (1,600) | | | (88,992) |
| Stock-based compensation expense | | | 1,148,289 | | | 944,267 |
| Deferred income tax (benefit) expense | | | (676,523) | | | 584,088 |
| Changes in assets and liabilities: | | | | | | |
| Accounts receivable | | | 1,328,523 | | | 1,545,431 |
| Prepaid income taxes | | | — | | | (67,878) |
| Other assets and liabilities | | | (191,487) | | | (94,360) |
| Accounts payable, royalties payable, gathering fees payable, and other accrued liabilities | | | (430,885) | | | (1,520,707) |
| Income taxes payable | | | 2,532,686 | | | — |
| Net cash provided by operating activities | | | 20,896,700 | | | 11,821,266 |
| Cash flows from investing activities: | | | | | | |
| Additions to unproved oil and gas properties | | | (5,032,558) | | | (3,100,294) |
| Additions to proved oil and gas properties | | | (5,901,411) | | | (28,728,498) |
| Additions to gathering system properties | | | (384,124) | | | (76,625) |
| Additions to land, buildings and property and equipment | | | (12,102) | | | (13,912) |
| Purchases of short term investments - available for sale | | | — | | | (4,045,785) |
| Proceeds from short term investments - held to maturity | | | — | | | 23,116,930 |
| Prepaid drilling costs | | | 978,044 | | | 1,813,808 |
| Net cash used in investing activities | | | (10,352,151) | | | (11,034,376) |
| Cash flows from financing activities: | | | | | | |
| Buyback of common shares | | | — | | | (1,831,208) |
| Dividends paid | | | (4,129,887) | | | (4,116,777) |
| Net cash used in financing activities | | | (4,129,887) | | | (5,947,985) |
| Effect of currency rates on cash, cash equivalents, and restricted cash | | | (168,288) | | | 62,438 |
| Increase (decrease) in cash, cash equivalents, and restricted cash | | | 6,246,374 | | | (5,098,657) |
| Cash, cash equivalents, and restricted cash, beginning of period | | | 6,989,793 | | | 13,873,628 |
| Cash, cash equivalents, and restricted cash, end of period | | $13,236,167 | | $8,774,971 | ||
| | | | | | | |
| Supplemental cash flow disclosures: | | | | | | |
| Income tax paid - federal | | $1,417,860 | | $— | ||
| Income tax paid - state (PA) | | $755,138 | | $— | ||
| Income tax paid - state (other) | | $26,710 | | $4,000 | ||
| Interest paid | | $9,935 | | $16,832 | ||
| | | | | | | |
| Non-cash investing activities: | | | | | | |
| Change in proved properties accrued in accounts payable | | $2,266,859 | | $818,504 | ||
| Change in gathering system accrued in accounts payable | | $39,805 | | $173,193 | ||
| Asset retirement obligation asset additions and adjustments | | $25,196 | | $39,597 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.