Epsilon Energy Ltd. (EPSN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 25	$0.08	$0.08	0.0%	—	$11.6M	—
Q1 25	$0.14	$0.22	+57.1%	—	$16.2M	—
Q4 24	$0.05	$0.02	-60.0%	—	$8.9M	—
Q3 24	$0.04	$0.02	-50.0%	—	$7.3M	—
Q4 23	$0.12	$0.06	-50.0%	—	$8.6M	—
Q3 23	$0.12	$0.06	-50.0%	—	$6.3M	—
Q1 23	—	$0.15	—	—	$9.4M	—
Q4 22	—	$0.4	—	—	$15.2M	—
Q3 22	—	$0.41	—	—	$21.2M	—
Q2 22	—	$0.44	—	—	$19.9M	—
Q1 22	—	$0.24	—	—	$13.6M	—
Q4 21	—	$0.33	—	—	$13.8M	—
Q3 21	$0.12	$0.06	-50.0%	—	$13.1M	—
Q2 21	$0.11	-$0.02	-118.2%	—	$7.1M	—
Q2 14	$0.07	$0.28	+300.0%	—	$15M	—
Q1 14	$0.15	$0.16	+6.7%	—	$17.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.25	—	—	$51.6M	—
FY24	—	$0.09	—	—	$31.5M	—
FY23	—	$0.31	—	—	$30.7M	—
FY22	—	$1.52	—	—	$70M	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$25.4M	$25.8M	$29.7M	$26.7M	$24.4M	$42.4M	$70M	$30.7M	$31.5M	$51.6M
YoY change	+6.57%	+1.42%	+15.2%	-10.1%	-8.49%	+73.6%	+65%	-56.1%	+2.58%	+63.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	25.4M	25.8M	29.7M	26.7M	24.4M	42.4M	70M	30.7M	31.5M	51.6M
Cost of revenue	20.9M	17.7M	15.1M	15.3M	18M	15.3M	15.9M	16.6M	19.7M	27.1M
Gross profit	4.5M	8.1M	14.6M	11.4M	6.4M	27.2M	54.1M	14.2M	11.8M	24.5M
Gross margin	17.6%	31.3%	49%	42.7%	26.1%	64%	77.3%	46.1%	37.5%	47.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.1M	4.4M	4.9M	4.5M	5.6M	6.8M	7.3M	7.3M	6.9M	8.9M
Operating expenses	2.1M	4.4M	4.9M	4.6M	5.6M	6.9M	7.4M	7.3M	6.9M	8.9M
Operating income	2.3M	3.6M	9.6M	6.8M	782.3K	20.3M	46.8M	6.9M	4.9M	15.6M
Operating margin	9.22%	14.2%	32.4%	25.5%	3.2%	47.8%	66.8%	22.4%	15.5%	30.3%
Non-operating income, net	-584.5K	2.7M	-2.1M	5.6M	739.3K	-4.1M	358.3K	1.7M	-1.8M	-20.6M
Pretax income	-2.1M	5.4M	7.4M	12.5M	1.5M	16.1M	47.5M	10.1M	3.6M	-5.4M
Income tax	1M	-2.1M	742.4K	3.8M	575.4K	4.4M	12.2M	3.2M	1.6M	362.7K
Net income	-3.1M	7.4M	6.7M	8.7M	875.2K	11.6M	35.4M	6.9M	1.9M	-5.8M
Net margin	-12.2%	28.9%	22.4%	32.6%	3.58%	27.4%	50.5%	22.6%	6.12%	-11.2%
EBITDA	14.2M	14.7M	16.9M	14.4M	10.4M	26.9M	53.5M	16.2M	15.6M	28M
EPS	-0.14	0.28	0.24	0.32	0.03	0.49	1.52	0.31	0.09	-0.25
Diluted EPS	-0.14	0.28	0.24	0.32	0.03	0.49	1.51	0.31	0.09	-0.25

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	6.3M	8.6M	8M	7.3M	7.3M	8.9M	16.2M	11.6M	9M	14.8M	25.6M	18.3M
Cost of revenue	3.6M	5.5M	4.7M	4.3M	5.3M	5.4M	6.8M	6.3M	5.5M	8.5M	10.8M	9.6M
Gross profit	2.7M	3.1M	3.3M	3M	2M	3.6M	9.4M	5.3M	3.5M	6.4M	14.8M	8.6M
Gross margin	43.2%	35.6%	41.1%	40.5%	27.4%	39.9%	58%	46%	38.4%	42.9%	57.8%	47.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2M	1.4M	1.9M	1.8M	1.8M	1.5M	2.2M	1.8M	2.8M	2M	3.9M	4.2M
Operating expenses	2M	1.4M	1.9M	1.8M	1.8M	1.5M	2.2M	1.8M	2.8M	2M	3.9M	4.2M
Operating income	746.8K	1.7M	1.4M	1.2M	240.6K	2.1M	7.2M	3.5M	606K	4.3M	10.9M	4.4M
Operating margin	11.8%	19.9%	17.6%	16%	3.3%	23.1%	44.4%	30.1%	6.75%	29.3%	42.5%	24.1%
Non-operating income, net	-23.8K	1.5M	-101.3K	6.7K	450.7K	-2.1M	-1.5M	-107K	969.6K	-20M	-9M	6M
Pretax income	1.1M	3.5M	1.6M	1.3M	734.4K	-13.1K	5.7M	3.4M	1.6M	-16.2M	997.2K	9.6M
Income tax	710.2K	917.2K	54K	459K	368.4K	747.6K	1.7M	1.8M	576.5K	-3.7M	267.7K	2.4M
Net income	388.8K	2.6M	1.5M	815.7K	366K	-760.8K	4M	1.6M	1.1M	-12.4M	729.4K	7.1M
Net margin	6.16%	30.3%	18.9%	11.2%	5.02%	-8.51%	24.8%	13.3%	11.9%	-83.9%	2.85%	39.1%
EBITDA	2.5M	5M	4.1M	3.4M	3M	5.1M	10.6M	6.7M	3.3M	7.4M	13.9M	7M
EPS	0.02	—	0.07	0.04	0.02	—	0.18	0.07	0.05	—	0.02	0.24
Diluted EPS	0.02	—	0.07	0.04	0.02	—	0.18	0.07	0.05	—	0.02	0.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	49.3M	—	120M	89.5M	93.2M	134.6M	154.6M	114.3M	136.2M	106.8M	180.5M
Enterprise value	58.7M	—	105.6M	75.5M	79.9M	108.1M	109.4M	82.7M	130.1M	149M	209.4M
Shares outstanding	22.9M	26.1M	27.5M	27.1M	25.1M	23.7M	23.3M	22.5M	21.9M	23M	23M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	18	10.3	106.5	11.6	4.37	16.5	70.6	—	22.8
P/S	1.94	—	4.04	3.35	3.82	3.18	2.21	3.72	4.32	2.07	2.69
P/B	0.94	—	1.72	1.17	1.35	1.7	1.48	1.14	1.41	0.86	1.4
EV/EBITDA	4.13	—	6.27	5.26	7.7	4.01	2.04	5.09	8.33	5.32	7.16
EV/Sales	2.31	—	3.56	2.83	3.27	2.55	1.56	2.69	4.13	2.89	3.1
Earnings yield	—	—	5.55%	9.72%	0.94%	8.64%	22.9%	6.08%	1.42%	—	4.38%
FCF yield	22%	—	6.74%	1.2%	8.9%	11.2%	19.4%	-0.4%	-14.5%	4.89%	11.6%
PEG	—	—	—	—	—	—	—	—	—	—	0.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.6%	31.3%	49%	42.7%	26.1%	64%	77.3%	46.1%	37.5%	47.6%	47.2%
Operating margin	9.22%	14.2%	32.4%	25.5%	3.2%	47.8%	66.8%	22.4%	15.5%	30.3%	36.4%
Net margin	-12.2%	28.9%	22.4%	32.6%	3.58%	27.4%	50.5%	22.6%	6.12%	-11.2%	-5.18%
ROE	-5.86%	11.7%	9.52%	11.4%	1.27%	14.7%	33.9%	6.9%	1.99%	-4.65%	-3.05%
ROA	-2.43%	8.61%	7.58%	8.91%	1.01%	11.7%	28.5%	5.6%	1.6%	-2.54%	5.79%
ROIC	3.77%	6.13%	15.6%	7.62%	0.85%	27.8%	58.9%	6.81%	2.91%	9.36%	12.7%
Return on tangible assets	-2.43%	8.61%	7.58%	8.91%	1.01%	11.7%	28.5%	5.6%	1.6%	-2.54%	-1.48%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.75	2.33	3.14	2.99	3.94	4.2	8.92	5.21	2.02	1.31	0.96
Quick ratio	0.75	2.33	3.14	2.99	3.94	4.2	8.92	5.21	2.02	1.31	0.96
Debt / equity	0.77	0.09	—	—	—	—	0	0.01	0	0.41	0.32
Debt / assets	0.32	0.07	—	—	—	—	0	0	0	0.22	0.17
Net debt / EBITDA	0.66	-0.29	—	—	—	—	-0.84	-1.95	-0.39	1.51	0.94
Interest coverage	0.47	6.95	53.7	109.1	13.7	159.5	936.6	127.2	77.7	-7.71	-0.64
Effective tax rate	0%	0%	10%	30.3%	39.7%	27.6%	25.6%	31.5%	45.8%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.11	0.99	1.08	0.98	0.97	1.79	3	1.37	1.44	2.24	2.49
EPS (basic)	-0.14	0.28	0.24	0.32	0.03	0.49	1.52	0.31	0.09	-0.25	-0.25
EPS (diluted)	-0.14	0.28	0.24	0.32	0.03	0.49	1.51	0.31	0.09	-0.25	-0.24
Book value per share	2.3	2.44	2.55	2.81	2.75	3.34	4.47	4.47	4.41	5.42	4.29
FCF per share	0.47	-0.07	0.29	0.04	0.33	0.64	1.28	-0.02	-0.9	0.23	0.39
Cash per share	1.37	0.38	0.52	0.52	0.53	1.12	1.94	1.43	0.3	0.39	0.37
Capex per share	0.01	0.74	0.08	0.39	0.26	0.19	0.34	0.83	1.67	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.24%	74.9%	7.49%	39.5%	26.7%	10.5%	11.2%	60.6%	116%	—	—
Capex / operating cash flow	2.83%	102.6%	25%	48.6%	46.4%	30.1%	19.4%	94.7%	243.5%	—	—
Payout ratio	—	—	—	—	—	0%	16.6%	80.6%	284.6%	-103.4%	92.6%
Dividend yield	—	—	—	—	—	0%	3.79%	4.9%	4.03%	5.62%	4.2%

Yield

4.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.0625

ex-dividend Sep 15, 2026

Payout ratio

93%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.0625
Jun 15, 2026	$0.0625
Mar 13, 2026	$0.0625
Dec 15, 2025	$0.0625
Sep 15, 2025	$0.0625
Jun 13, 2025	$0.0625
Mar 13, 2025	$0.0625
Dec 16, 2024	$0.0625

Split history

Date	Ratio

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$6.3M	$8.6M	$8M	$7.3M	$7.3M	$8.9M	$16.2M	$11.6M	$9M	$14.8M	$25.6M	$18.3M
YoY change	-70.3%	-43.7%	-14.6%	+12.4%	+15.5%	+4.41%	+102.4%	+59.1%	+23.2%	+65.7%	+58.4%	+57.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	31.5M	10M	14.4M	14.1M	13.3M	26.5M	45.2M	32.2M	6.5M	9M
Receivables	4.4M	3.3M	5M	4.3M	3.9M	4.6M	7.2M	6M	5.8M	12.2M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	36.5M	13.9M	19.9M	22.4M	17.8M	31.7M	55.5M	41.1M	14.1M	32.6M
Property, plant & equipment	-138.6M	-64M	-70.9M	-77.4M	-87.5M	-92.8M	-99M	-105.9M	-115.4M	-124.3M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	127.3M	86.4M	87.9M	97.7M	86.7M	99.5M	123.9M	124M	120.5M	228.2M
Accounts payable	5M	2M	1.8M	2.8M	1.6M	1.2M	1.7M	3.1M	2.3M	11.1M
Short-term debt	40.8M	2.9M	—	—	—	—	35.3K	86.5K	121.1K	271.5K
Total current liabilities	48.4M	6M	6.3M	7.5M	4.5M	7.5M	6.2M	7.9M	7M	25M
Long-term debt	—	2.9M	—	—	—	—	—	476.9K	355.8K	50.8M
Total liabilities	74.5M	22.7M	18M	21.3M	17.7M	20.2M	19.6M	23.4M	23.7M	103.5M
Shareholders' equity	52.7M	63.7M	69.9M	76.4M	69M	79.3M	104.2M	100.6M	96.7M	124.7M
Total debt	40.8M	5.8M	—	—	—	—	35.3K	563.4K	476.9K	51.1M
Net debt	9.4M	-4.2M	—	—	—	—	-45.2M	-12.8M	-6M	42.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	31.4M	32.2M	14.5M	8.6M	8.3M	6.5M	6.9M	9.9M	12.8M	9M	7.9M	11.2M
Receivables	4M	6M	5.1M	4.8M	4.3M	5.8M	8M	5.4M	4.3M	12.2M	14.5M	11.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	38.2M	41.1M	22.6M	15M	14.8M	14.1M	15.5M	16.5M	19.1M	32.6M	29.8M	33.8M
Property, plant & equipment	-103.1M	-105.9M	-108.2M	-110.1M	-112.6M	-115.4M	-119.3M	-124.9M	-127.3M	-124.3M	-127.1M	-129.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	119.8M	124M	125.1M	121.1M	121.8M	120.5M	125.5M	123.6M	126.3M	228.2M	226.4M	236.4M
Accounts payable	1.9M	3.1M	3.2M	2.4M	2.2M	2.3M	2M	2M	3M	11.1M	8.2M	19.1M
Short-term debt	55.7K	86.5K	95.2K	103.8K	112.5K	121.1K	121.3K	121.1K	120.8K	271.5K	271.8K	272.1K
Total current liabilities	5.2M	7.9M	9.7M	6.1M	7.3M	7M	9.3M	7.4M	9.9M	25M	27.6M	35.1M
Long-term debt	498.2K	476.9K	446.2K	415.8K	385.7K	355.8K	326.5K	296.3K	266.3K	50.8M	45.8M	40.7M
Total liabilities	20.3M	23.4M	25.2M	21.5M	23.4M	23.7M	25.8M	23.4M	26.1M	103.5M	102.3M	106.5M
Shareholders' equity	99.5M	100.6M	99.9M	99.6M	98.4M	96.7M	99.7M	100.2M	100.2M	124.7M	124.1M	129.9M
Total debt	553.8K	563.4K	541.4K	519.7K	498.2K	476.9K	447.8K	417.3K	387.1K	51.1M	46M	41M
Net debt	-11.9M	-12.8M	-1.8M	-8.1M	-7.8M	-6M	-6.4M	-9.5M	-12.4M	42.2M	38.1M	29.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-3.1M	7.4M	6.7M	8.7M	875.2K	11.6M	35.4M	6.9M	1.9M	-5.8M
Depreciation & amortization	11.9M	11.1M	7.2M	7.4M	9.6M	6.6M	6.4M	7.7M	10.2M	12.2M
Stock-based compensation	221.3K	229.2K	330.2K	510.5K	849.6K	956.1K	1M	1M	1.2M	1.7M
Change in working capital	—	522.9K	-3.3M	745.2K	587.2K	-13.2K	-1.5M	1.2M	-339.3K	-4.5M
Operating cash flow	11.1M	18.8M	8.9M	21.7M	14.1M	14.8M	40.6M	19.7M	15M	20.6M
Capital expenditure	-314.8K	-19.3M	-2.2M	-10.5M	-6.5M	-4.4M	-7.9M	-18.6M	-36.6M	—
Investing cash flow	-1.3M	-19.4M	-2.1M	-10.5M	-6.5M	-4.4M	-7.9M	-38.4M	-16.7M	-49M
Dividends paid	—	—	—	—	—	0	-5.9M	-5.6M	-5.5M	-6M
Share repurchases	-780.3K	0	-663.9K	-2.9M	-9.1M	-2.4M	-6.2M	-6.1M	-1.8M	0
Financing cash flow	4.3M	-30.7M	-3.6M	-2.9M	-9.1M	-2.4M	-12.1M	-11.8M	-7.3M	43.7M
Net change in cash	14.1M	-31.2M	3.3M	8.3M	-1.5M	7.9M	20.7M	-30.5M	-9M	15.3M
Free cash flow	10.9M	-1.7M	8.1M	1.1M	8.3M	15.1M	29.9M	-457.8K	-19.7M	5.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	388.8K	2.6M	1.5M	815.7K	366K	-760.8K	4M	1.6M	1.1M	-12.4M	729.4K	7.1M
Depreciation & amortization	1.4M	2.9M	2.4M	2M	2.7M	3.1M	3.5M	3.2M	2.6M	2.9M	3M	2.8M
Stock-based compensation	439.7K	219.1K	321.6K	313.6K	309.1K	300.1K	385.8K	385.8K	376.6K	596.6K	547.5K	547.5K
Change in working capital	575.1K	-746.5K	-797.2K	1.6M	-922.3K	-269.6K	-1.9M	2.6M	40.3K	-5.2M	-2.4M	7.5M
Operating cash flow	4.9M	4.2M	3.7M	4.9M	3.6M	2.9M	5.2M	8.3M	4M	-277K	10.1M	12.3M
Capital expenditure	-2.4M	-2.7M	-20.3M	-9.2M	-2.4M	-4.6M	-7.7M	—	—	—	—	—
Investing cash flow	5.8M	-1.3M	-11.8M	2.2M	-1.5M	-5.6M	-6.8M	-255K	272.9K	-241.5K	—	—
Dividends paid	-1.4M	-1.4M	-1.4M	-1.4M	-1.4M	-1.4M	-1.4M	-1.4M	-1.4M	-1.9M	-1.9M	-1.9M
Share repurchases	-2.6M	-360.3K	-1.2M	0	-627.5K	0	0	0	0	0	—	—
Financing cash flow	-4M	-1.7M	-2.6M	-1.4M	-2M	-1.4M	-1.4M	-1.4M	-1.4M	-1.9M	-6.9M	-6.9M
Net change in cash	6.6M	1.2M	-10.7M	5.8M	82K	-4.1M	-2.9M	6.7M	2.9M	-2.4M	3.2M	5.4M
Free cash flow	1.7M	1.2M	-16.7M	-3.8M	328.7K	367.4K	838.5K	4.7M	4M	-4.3M	5.8M	6.3M

Epsilon Energy Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement