Filing Flows › Epsilon Energy (EPSN) › Q2 2025
Epsilon Energy (EPSN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Epsilon Energy (EPSN) reported revenue of $11.6M for the second quarter 2025 (Q2 2025), +59% from a year earlier and -28% from the quarter before. Operating margin was 7.1%, net earnings $1.6M (13.3% of revenue).
Epsilon Energy, Q2 2025: revenue $11.6M (+59% year over year), operating margin 7.1%, net earnings $1.6M, operating cash flow $8.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.6M | -28% | +59% |
| Operating profit | $829K | -88% | -29% |
| Net earnings | $1.6M | -61% | +90% |
| Operating cash flow | $8.3M | -3% | +55% |
| Free cash flow | $4.7M | — | — |
What changed
Revenue was $11.6M in Q2 2025, up 59% year over year and down 28% from the previous quarter. Natural Gas was the largest line at 59% of revenue. Natural Gas added $4.9M year over year (up 252%), 115% of the total change. Natural Gas Liquids declined 63%.
Operating profit was $829K, a 7.1% margin (down 8.9 points year over year). Operating profit fell $339K even though revenue rose $4.3M versus a year earlier, so costs grew faster than sales. Total costs grew 76% against revenue growth of 59%. Net earnings were $1.6M, up 90% year over year. The effective tax rate was 54.2%. Non-operating items added $2.6M, 76% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.3M (up 55% year over year), 538% of net earnings. Non-cash charges added back $386K of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $3.6M left free cash flow of $4.7M.
Questions
What was Epsilon Energy's revenue in the second quarter 2025?
Epsilon Energy (EPSN) reported revenue of $11.6M for the second quarter 2025 (Q2 2025), +59% from a year earlier and -28% from the quarter before.
Was Epsilon Energy profitable in the second quarter 2025?
Operating profit was $829K (7.1% of revenue) and net earnings $1.6M.
Source: Epsilon Energy 10-Q on SEC EDGAR.