Filing Flows › Epsilon Energy (EPSN) › Q1 2026
Epsilon Energy (EPSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Epsilon Energy (EPSN) reported revenue of $25.6M for the first quarter 2026 (Q1 2026), +58% from a year earlier and +73% from the quarter before. Operating margin was 42.2%, net earnings $729K (2.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.6M | +73% | +58% |
| Operating profit | $10.8M | — | +51% |
| Net earnings | $729K | — | -82% |
| Operating cash flow | $10.1M | — | +18% |
| Free cash flow | $6.3M | — | +4% |
What changed
Revenue was $25.6M in Q1 2026, up 58% year over year and up 73% from the previous quarter. Natural Gas was the largest line at 52% of revenue. Oil and Condensate added $6.2M year over year (up 189%), 66% of the total change. Gathering and Compression fees declined 12%.
Operating profit was $10.8M, a 42.2% margin (down 2.1 points year over year). Of the extra revenue versus Q1 2025, 39% reached operating profit, below the 44% margin then. Total costs grew 64% against revenue growth of 58%. Net earnings were $729K, down 82% year over year. The effective tax rate was 26.8%.
Operating cash flow was $10.1M (up 18% year over year), 1385% of net earnings. Non-cash charges added back $548K of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $3.8M left free cash flow of $6.3M.
Questions
What was Epsilon Energy's revenue in the first quarter 2026?
Epsilon Energy (EPSN) reported revenue of $25.6M for the first quarter 2026 (Q1 2026), +58% from a year earlier and +73% from the quarter before.
Was Epsilon Energy profitable in the first quarter 2026?
Operating profit was $10.8M (42.2% of revenue) and net earnings $729K.
Source: Epsilon Energy 10-Q on SEC EDGAR.