Epsilon Energy Ltd.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Revenues from contracts with customers: | | | | | | |
| Gas, oil, NGL, and condensate revenue | | $23,938,010 | | $14,270,790 | ||
| Gas gathering and compression revenue | | | 1,657,777 | | | 1,892,350 |
| Total revenue | | | 25,595,787 | | | 16,163,140 |
| | | | | | | |
| Operating costs and expenses: | | | | | | |
| Lease operating expenses | | | 7,195,313 | | | 2,755,898 |
| Gathering system operating expenses | | | 594,446 | | | 552,651 |
| Depletion, depreciation, amortization, and accretion | | | 3,002,339 | | | 3,475,857 |
| Impairment expense | | | — | | | 6,669 |
| Transaction costs | | | 71,420 | | | — |
| General and administrative expenses: | | | | | | |
| Stock based compensation expense | | | 547,527 | | | 385,838 |
| Other general and administrative expenses | | | 3,378,142 | | | 1,818,418 |
| Total operating costs and expenses | | | 14,789,187 | | | 8,995,331 |
| Operating income | | | 10,806,600 | | | 7,167,809 |
| | | | | | | |
| Other income (expense): | | | | | | |
| Interest income | | | 45,543 | | | 15,299 |
| Interest expense | | | (941,581) | | | (12,211) |
| Loss on derivative contracts, net | | | (8,929,829) | | | (1,462,170) |
| Other income (expense), net | | | 16,428 | | | (22,499) |
| Other expense, net | | | (9,809,439) | | | (1,481,581) |
| | | | | | | |
| Net income before income tax expense | | | 997,161 | | | 5,686,228 |
| Income tax expense | | | 267,736 | | | 1,670,194 |
| NET INCOME | | $729,425 | | $4,016,034 | ||
| Currency translation adjustments | | | (2,319) | | | (50,116) |
| NET COMPREHENSIVE INCOME | | $727,106 | | $3,965,918 | ||
| | | | | | | |
| Net income per share, basic | | $0.02 | | $0.18 | ||
| Net income per share, diluted | | $0.02 | | $0.18 | ||
| Weighted average number of shares outstanding, basic | | | 30,239,980 | | | 22,008,766 |
| Weighted average number of shares outstanding, diluted | | | 30,262,466 | | | 22,109,819 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.