Filing Flows › Epsilon Energy (EPSN) › Q1 2026 › vs Q1 2025
Epsilon Energy (EPSN) Q1 2026 vs Q1 2025 (year over year)
Epsilon Energy's revenue rose $9.4M (+58%) from $16.2M in Q1 2025 to $25.6M in Q1 2026. The biggest changes: Gas, oil, NGL and condensate revenue +$9.7M (+68%); Gathering and Compression fees −$235K (-12%). Operating margin 42.2% against 44.3% (-2.1 pts).
Epsilon Energy, Q1 2026: revenue $25.6M (+58% year over year), operating margin 42.2%, net earnings $729K, operating cash flow $10.1M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 42.2% | 44.3% | -2.1 pts |
| Net margin | 2.8% | 24.8% | -22.0 pts |
| Free cash flow margin | 24.5% | 37.1% | -12.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas | $13.4M | $10.6M | $2.8M | +26% |
| Oil and Condensate | $9.5M | $3.3M | $6.2M | +189% |
| Natural Gas Liquids | $1.1M | $387K | $686K | +177% |
| Gas, oil, NGL and condensate revenue | $23.9M | $14.3M | $9.7M | +68% |
| Gathering and Compression fees | $1.7M | $1.9M | −$235K | -12% |
| Revenue | $25.6M | $16.2M | $9.4M | +58% |
| Operating profit | $10.8M | $7.2M | $3.6M | +51% |
| Costs & expenses | $14.8M | $9.0M | $5.8M | +64% |
| Pre-tax earnings | $997K | $5.7M | −$4.7M | -82% |
| Other expense, net | $9.8M | $1.5M | $8.3M | +562% |
| Net earnings | $729K | $4.0M | −$3.3M | -82% |
| Income tax | $268K | $1.7M | −$1.4M | -84% |
| Share-based compensation | $548K | $386K | $162K | +42% |
| Working capital & other | $8.8M | $4.2M | $4.6M | +111% |
| Operating cash flow | $10.1M | $8.6M | $1.5M | +18% |
| Free cash flow (OCF − capex) | $6.3M | $6.0M | $268K | +4% |
| Capital expenditures | $3.8M | $2.6M | $1.3M | +49% |
Questions
How much did Epsilon Energy's revenue grow year over year in Q1 2026?
Epsilon Energy's revenue rose $9.4M (+58%) from $16.2M in Q1 2025 to $25.6M in Q1 2026.
What drove Epsilon Energy's revenue change in Q1 2026?
Gas, oil, NGL and condensate revenue +$9.7M (+68%); Gathering and Compression fees −$235K (-12%).