Epsilon Energy Ltd.

For the period ended Mar 31, 2026. Filed May 13, 2026.

About 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.

Mar 31, 2026 · Filed May 13, 2026

EPSN$5.24+0.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets


· · March 31, · · December 31,
· · 2026 · · 2025
ASSETS
Current assets
Cash and cash equivalents	$7,912,858	$8,959,954
Accounts receivable	16,794,429	16,132,501
Fair value of derivatives	426,255	2,694,340
Prepaid income taxes	2,959,475	2,949,311
Other current assets	1,688,563	1,847,672
Total current assets	29,781,580	32,583,778
Non-current assets
Property and equipment:
Oil and gas properties, successful efforts method
Proved properties	237,783,115	233,334,212
Unproved properties	79,690,561	79,307,169
Accumulated depletion, depreciation, amortization and impairment	(134,196,469)	(131,636,141)
Total oil and gas properties, net	183,277,207	181,005,240
Gathering system	43,593,370	43,540,389
Accumulated depletion, depreciation, amortization and impairment	(37,680,704)	(37,472,139)
Total gathering system, net	5,912,666	6,068,250
Land	1,231,965	1,231,965
Buildings and other property and equipment, net	4,077,163	4,132,732
Total property and equipment, net	194,499,001	192,438,187
Other assets:
Operating lease right-of-use assets, long term	429,923	488,949
Restricted cash	553,000	553,000
Fair value of derivatives, long term	185,056	1,154,936
Deferred financing costs	724,263	774,347
Prepaid drilling costs	246,220	246,220
Total non-current assets	196,637,463	195,655,639
Total assets	$226,419,043	$228,239,417

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable trade	$8,159,934	$11,148,050
Gathering fees payable	1,047,841	1,076,143
Royalties payable	10,071,572	8,702,526
Accrued capital expenditures	577,154	24,888
Accrued compensation	739,649	1,056,304
Other accrued liabilities	2,927,196	2,682,090
Fair value of derivatives	3,833,399	—
Operating lease liabilities	271,790	271,494
Total current liabilities	27,628,535	24,961,495
Non-current liabilities
Credit facility payable	45,500,000	50,500,000
Ad valorem taxes, long term	7,411,971	7,411,971
Asset retirement obligations	7,553,458	7,437,960
Fair value of derivatives, long term	810,629	—
Deferred income taxes	13,120,790	12,855,585
Operating lease liabilities, long term	271,046	340,052
Total non-current liabilities	74,667,894	78,545,568
Total liabilities	102,296,429	103,507,063
Commitments and contingencies (Note 10)
Shareholders' equity
Preferred shares, no par value, unlimited shares authorized, none issued or outstanding	—	—
Common shares, no par value, unlimited shares authorized and 30,239,980 shares issued and outstanding at March 31, 2026 and December 31, 2025	154,274,125	154,274,125
Additional paid-in capital	14,411,351	13,863,824
Accumulated deficit	(54,457,110)	(53,302,162)
Accumulated other comprehensive income	9,894,248	9,896,567
Total shareholders' equity	124,122,614	124,732,354
Total liabilities and shareholders' equity	$226,419,043	$228,239,417

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.