Filing Flows › Epsilon Energy (EPSN) › Q1 2026 › vs Q4 2025
Epsilon Energy (EPSN) Q1 2026 vs Q4 2025 (quarter over quarter)
Epsilon Energy's revenue rose $10.8M (+73%) from $14.8M in Q4 2025 to $25.6M in Q1 2026. The biggest changes: Gas, oil, NGL and condensate revenue +$10.6M (+80%); Gathering and Compression fees +$157K (+10%). Operating margin 42.2% against -129.0% (+171.3 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 42.2% | -129.0% | +171.3 pts |
| Net margin | 2.8% | -83.9% | +86.8 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas | $13.4M | $6.8M | $6.6M | +96% |
| Oil and Condensate | $9.5M | $5.3M | $4.2M | +79% |
| Natural Gas Liquids | $1.1M | $1.2M | −$106K | -9% |
| Gas, oil, NGL and condensate revenue | $23.9M | $13.3M | $10.6M | +80% |
| Gathering and Compression fees | $1.7M | $1.5M | $157K | +10% |
| Revenue | $25.6M | $14.8M | $10.8M | +73% |
| Operating profit | $10.8M | −$19.1M | $29.9M | — |
| Costs & expenses | $14.8M | $33.9M | −$19.1M | -56% |
| Pre-tax earnings | $997K | −$16.2M | $17.2M | — |
| Other expense, net | $9.8M | −$3.0M | $12.8M | — |
| Net earnings | $729K | −$12.4M | $13.2M | — |
| Income tax | $268K | −$3.7M | $4.0M | — |
| Share-based compensation | $548K | $597K | −$49K | -8% |
| Working capital & other | $8.8M | $11.6M | −$2.7M | -24% |
| Operating cash flow | $10.1M | −$277K | $10.4M | — |
Questions
How much did Epsilon Energy's revenue grow quarter over quarter in Q1 2026?
Epsilon Energy's revenue rose $10.8M (+73%) from $14.8M in Q4 2025 to $25.6M in Q1 2026.
What drove Epsilon Energy's revenue change in Q1 2026?
Gas, oil, NGL and condensate revenue +$10.6M (+80%); Gathering and Compression fees +$157K (+10%).