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Epsilon Energy (EPSN) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 12, 2026

Epsilon Energy (EPSN) reported revenue of $18.3M for the second quarter 2026 (Q2 2026), +57% from a year earlier and -29% from the quarter before. Operating margin was 45.9%, net earnings $7.1M (39.1% of revenue).

Revenue$18.3M
Year over year+57%
Quarter over quarter-29%
Operating margin45.9%
Net earnings$7.1M

Epsilon Energy, Q2 2026: revenue $18.3M (+57% year over year), operating margin 45.9%, net earnings $7.1M, operating cash flow $12.3M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$18.3M-29%+57%
Operating profit$8.4M-22%+911%
Net earnings$7.1M+878%+360%
Operating cash flow$12.3M+21%+47%
Free cash flow$7.3M+16%+48%

What changed

Revenue was $18.3M in Q2 2026, up 57% year over year and down 29% from the previous quarter. Oil and Condensate was the largest line at 64% of revenue. Oil and Condensate added $9.0M year over year (up 332%), 136% of the total change. Natural Gas declined 45%.

Operating profit was $8.4M, a 45.9% margin (up 38.8 points year over year). Of the extra revenue versus Q2 2025, 114% reached operating profit, above the 7% margin then. Total costs fell 8% while revenue rose 57%. Net earnings were $7.1M, up 360% year over year. The effective tax rate was 25.4%.

Operating cash flow was $12.3M (up 47% year over year), 172% of net earnings. Non-cash charges added back $548K of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $5.0M left free cash flow of $7.3M.

Questions

What was Epsilon Energy's revenue in the second quarter 2026?

Epsilon Energy (EPSN) reported revenue of $18.3M for the second quarter 2026 (Q2 2026), +57% from a year earlier and -29% from the quarter before.

Was Epsilon Energy profitable in the second quarter 2026?

Operating profit was $8.4M (45.9% of revenue) and net earnings $7.1M.

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Source: Epsilon Energy 10-Q on SEC EDGAR.