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Midas Edge

Epsilon Energy Ltd.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

View on SEC.gov

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.

Jun 30, 2025 · Filed Aug 13, 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 exhibits
Contents

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income

​​​​​​​​​​​​​
​ · ​ · Three months ended June 30, · ​ · Six months ended June 30,
​2025202420252024
Revenues from contracts with customers:​​​​​​​​​​​​
Gas, oil, NGL, and condensate revenue​$9,779,728​$5,863,370​$24,050,518​$11,914,415
Gas gathering and compression revenue​​1,845,005​​1,444,448​​3,737,355​​3,380,146
Total revenue​​11,624,733​​7,307,818​​27,787,873​​15,294,561
​​​​​​​​​​​​​
Operating costs and expenses:​​​​​​​​​​​​
Lease operating expenses​​2,462,785​​1,649,867​​5,218,683​​3,418,329
Gathering system operating expenses​​613,795​​649,967​​1,166,446​​1,202,537
Depletion, depreciation, amortization, and accretion​​3,201,654​​2,048,403​​6,677,511​​4,428,829
Impairment expense​​2,670,000​​—​​2,676,669​​—
General and administrative expenses:​​​​​​​​​​​​
Stock based compensation expense​​385,838​​313,589​​771,676​​635,158
Other general and administrative expenses​​1,461,878​​1,478,215​​3,280,296​​3,037,238
Total operating costs and expenses​​10,795,950​​6,140,041​​19,791,281​​12,722,091
Operating income​​828,783​​1,167,777​​7,996,592​​2,572,470
​​​​​​​​​​​​​
Other income (expense):​​​​​​​​​​​​
Interest income​​17,247​​108,943​​32,546​​375,215
Interest expense​​(19,906)​​(8,759)​​(32,117)​​(17,519)
Gain (loss) on derivative contracts​​2,573,863​​(94,891)​​1,111,693​​(195,617)
Other (expense) income​​(10,839)​​101,606​​(33,338)​​101,073
Other income, net​​2,560,365​​106,899​​1,078,784​​263,152
​​​​​​​​​​​​​
Net income before income tax expense​​3,389,148​​1,274,676​​9,075,376​​2,835,622
Income tax expense​​1,837,687​​459,016​​3,507,881​​513,066
NET INCOME​$1,551,461​$815,660​$5,567,495​$2,322,556
Currency translation adjustments​​(75,496)​​22,229​​(125,612)​​22,593
Unrealized gain (loss) on securities​​—​​3,011​​—​​(1,598)
NET COMPREHENSIVE INCOME​$1,475,965​$840,900​$5,441,883​$2,343,551
​​​​​​​​​​​​​
Net income per share, basic​$0.07​$0.04​$0.25​$0.11
Net income per share, diluted​$0.07​$0.04​$0.25​$0.11
Weighted average number of shares outstanding, basic​​22,017,310​​21,921,752​​22,013,062​​21,957,980
Weighted average number of shares outstanding, diluted​​22,202,315​​22,029,475​​22,155,629​​21,987,142
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.