Filing Flows › Epsilon Energy (EPSN) › Q3 2025
Epsilon Energy (EPSN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Epsilon Energy (EPSN) reported revenue of $9.0M for the third quarter 2025 (Q3 2025), +23% from a year earlier and -23% from the quarter before. Operating margin was 6.7%, net earnings $1.1M (11.9% of revenue).
Epsilon Energy, Q3 2025: revenue $9.0M (+23% year over year), operating margin 6.7%, net earnings $1.1M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0M | -23% | +23% |
| Operating profit | $606K | -27% | +152% |
| Net earnings | $1.1M | -31% | +193% |
| Operating cash flow | $4.0M | -52% | +44% |
What changed
Revenue was $9.0M in Q3 2025, up 23% year over year and down 23% from the previous quarter. Natural Gas was the largest line at 53% of revenue. Natural Gas added $2.9M year over year (up 150%), 169% of the total change. Oil and Condensate declined 37%.
Operating profit was $606K, a 6.7% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 3% margin then. Total costs grew 19% against revenue growth of 23%. Net earnings were $1.1M, up 193% year over year. The effective tax rate was 35.0%. Non-operating items added $1.0M, 63% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.0M (up 44% year over year), 370% of net earnings. Non-cash charges added back $377K of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of −$97K left free cash flow of $4.1M.
Questions
What was Epsilon Energy's revenue in the third quarter 2025?
Epsilon Energy (EPSN) reported revenue of $9.0M for the third quarter 2025 (Q3 2025), +23% from a year earlier and -23% from the quarter before.
Was Epsilon Energy profitable in the third quarter 2025?
Operating profit was $606K (6.7% of revenue) and net earnings $1.1M.
Source: Epsilon Energy 10-Q on SEC EDGAR.