Form 8-K
8-K — Epsilon Energy Ltd.
Accession: 0001104659-26-098127
Filed: 2026-08-18
Period: 2026-08-17
CIK: 0001726126
SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — epsn-20260817x8k.htm (Primary)
EX-99.1 (epsn-20260817xex99d1.htm)
GRAPHIC (epsn-20260817xex99d1g001.jpg)
GRAPHIC (epsn-20260817xex99d1g002.jpg)
GRAPHIC (epsn-20260817xex99d1g003.jpg)
GRAPHIC (epsn-20260817xex99d1g004.jpg)
GRAPHIC (epsn-20260817xex99d1g005.jpg)
GRAPHIC (epsn-20260817xex99d1g006.jpg)
GRAPHIC (epsn-20260817xex99d1g007.jpg)
GRAPHIC (epsn-20260817xex99d1g008.jpg)
GRAPHIC (epsn-20260817xex99d1g009.jpg)
GRAPHIC (epsn-20260817xex99d1g010.jpg)
GRAPHIC (epsn-20260817xex99d1g011.jpg)
GRAPHIC (epsn-20260817xex99d1g012.jpg)
GRAPHIC (epsn-20260817xex99d1g013.jpg)
GRAPHIC (epsn-20260817xex99d1g014.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: epsn-20260817x8k.htm · Sequence: 1
EPSILON ENERGY LTD._August 17, 2026
0001726126false00017261262026-08-172026-08-17
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 17, 2026
EPSILON ENERGY LTD.
(Exact name of registrant as specified in charter)
Alberta, Canada
001-38770
98-1476367
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
500 Dallas St., Suite 1250
Houston, Texas 77002
(Address of principal executive offices, including zip code)
(281) 670-0002
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Shares, no par value
EPSN
NASDAQ Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On August 17, 2026, the Company issued its August 2026 corporate presentation. A copy of the presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
99.1*
Epsilon Energy's August 2026 Corporate Presentation
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
*Filed or furnished herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EPSILON ENERGY LTD.
Date: August 18, 2026
By:
/s/ J. Andrew Williamson
J. Andrew Williamson
Chief Financial Officer
2
EX-99.1
EX-99.1
Filename: epsn-20260817xex99d1.htm · Sequence: 2
Exhibit 99.1
Epsilon Energy
Multi-Basin High Growth Small Cap
Corporate Presentation - August 2026
Disclaimers
2
Certain statements contained in this presentation constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”,
‘believe”, and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated. Forward-looking statements are based on reasonable assumptions, but no assurance can be given that these expectations will prove to be
correct. There are a number of important factors that could cause actual results to differ materially from those suggested or indicated by the forward-looking statements. Additional information
regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our filings with the Securities and Exchange Commission, including but not
limited to our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Qfor subsequent periods.
The reserves and associated future net revenue information set forth in this presentation are estimates only. In general, estimates of oil and natural gas reserves and the future net revenue therefrom
are based upon a number of variable factors and assumptions, such as production rates, ultimate reserves recovery, timing and amount of capital expenditures, ability to transport production,
marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially from actual results. For
those reasons, estimates of the oil and natural gas reserves attributable to any particular group of properties, as well as the classification of such reserves and estimates of future net revenues
associated with such reserves prepared by different engineers (or by the same engineers at different times) may vary. Our actual reserves may be greater or less than those calculated. In addition, our
actual production, revenues, development and operating expenditureswill vary fromestimates thereof and such variations could be material.
Statements relating to "reserves" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist
in the quantities predicted or estimated and can be profitably produced in the future. There is no assurance that forecast price and cost assumptionswill be attained and variances could be material.
Proved reserves are those reserves which are most certain to be recovered. Probable reserves are those additional reserves that are less certain to be recovered than Proved reserves but which,
together with Proved reserves, are as likely as not to be recovered. Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (for
example, when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (Proved or Probable) to
which they are assigned.
The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties due to the effects
of aggregation. The estimated future netrevenues contained in this presentation do not necessarily representthe fair market value of our reserves.
Viewers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise, and as such, undue
reliance should not be placed on forward-looking statements. Our actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking
statements, and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or, if any of them do, what benefits that we will
derive therefrom. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation is
neither an offer to sell nor a solicitation of any offer to buy any securities. This presentation does not contain all of the information necessary to make an investment decision.
The contents of this presentation are based upon conditions as they exist on the date of this presentation, and, except where otherwise indicated, reflect information as at the date of this
presentation. By delivering this presentation we do not undertake to update any of the information, representations, or conclusions contained herein. The information and comments provided are
strictly for information purposes only, and are not to be construed in any way as invitations to purchase securities, nor distributed to others for said purpose.
Epsilon – Key Take-Aways
3
• Multi-year transformation from a single-basin and commodity concentrated non-op to a diversified
platform across 3 basins with deep inventory and operated control
• Growth inflection starting in 2H 2026, carrying into 2027
• Near term value catalysts: operated activity ramp in PRB, scaled operator ramp in the Permian, higher pace
of development with associated midstream throughput in the Marcellus
• Plan to drive >20% annual production CAGR (also on a per share basis) over the next 2 years (2026 – 2028)
while maintaining leverage below 1.5X
Total Production (MMCFE) Adjusted EBITDA ($M)
4% Oil
FY 2026 Guidance Mid-point
6 mos.
28% Oil
Epsilon – At A Glance
4
Ticker: EPSN (Nasdaq) Enterprise Value1: $208 MM
Q2 Net Total Production:
33.9 MMcfe/d (25% Oil)
Q2 Net Oil Production:
1,380 Bbl/d
Leverage2:
0.9X (LTM EBITDA)
Regular Annual Dividend:
$0.25 p/share
47,100 net acres3 ADTV: 180,000 shares
90-Day AVG4
Mid-Point 2026 Guidance:
38.4 MMcfe/d (Total Prod)
+13% vs. Q2 Actual
Mid-Point 2026 Guidance:
1,795 Bbl/d (Oil Prod)
+30% vs. Q2 Actual
Dev Location Inventory (Net):
216 (Total)
Dev Location Inventory (Net):
115 (Priority5)
• Diversified upstream business across the Powder River Basin,
Marcellus, and Permian coupled with a capital efficient
midstream platform
• Management team has materially expanded inventory,
operational control and strategic flexibility since mid-2022
• 115 net drilling locations with average lateral length of 10,300
CLL ft. and average returns of 45% IRR ($70 WTI and $3.50 HH)
• Active development program across all three core assets:
- New development in the Powder River Basin (PRB) began
in early Q3 2026 (Parkman)
- Ongoing Permian Barnett development with acceleration
under new operator (Firebird II)
- 15 gross Marcellus wells expected online through
YE2028
• Multiple near-term value catalysts:
• Development pace inflection starting in Q3 2026 across
all three core areas, led by operated PRB
• PRB shale inventory acceleration opportunities through
partnerships
• Increased throughput in the AGGS midstream asset
expected to start in Q4 2026, accelerating in 2027
Statistics Executive Summary
1. Using closing share price of $5.94 on 8.12.26
2. Net Debt / LTM EBITDA (as of 6.30.26) – Q3 & the first half of Q4 2025 EBITDA does not reflect PRB assets (closed Nov 2025)
3. Excludes WCSB assets
4. 90 days from 8.12.26
5. Defined as >45% WI, >8,000 CLL ft., and >25% IRR @ $70 WTI / $3.50 HHUB
Asset Portfolio Overview
5
Appalachian Basin Marcellus (Non-Operated)
Epsilon - PRB Operator and Project Based Non-Op in the Marcellus & Permian
• Core non-op position in the most economic dry gas play in NAM - operated by Expand Energy
• 5,100 net acres (95% HBP)
• 21.7 MMcf/d NRI production (146 producing wells) YTD 20261
• 218.2 Bcf net Proved + Probable reserves (12/31/25)2
• Substantial undeveloped Marcellus inventory: ~400-450K ft. CLL gross (EPSN ~21% WI)
1. 6mos. through 6.30.26
2. Independent reserve report (DeGolyer & McNaughton (YE25 SEC Reserves Report)
3. Defined as >45% WI, >8,000 CLL ft., and >25% IRR @ $70 WTI / $3.50 HHUB
Powder River Basin (PRB) (Majority Operated)
• Majority – operated acreage position in core PRB (37,800 net acres – 75% HBP)
• 1,868 BOE/d NRI production (149 producing wells (107 operated), 57% oil) YTD 20261
• 70.1 MMboe net Proved + Probable reserves (50% oil) (12/31/25)2
• Experienced operating team with 10+ years of basin experience
• 101 net priority3 locations across multiple conventional and unconventional formations
• Scalable platform with full control of investment pace
Permian Basin Barnett (Non-Operated)
• Non-op position on the CBP – Mississippian Barnett development
• 4,100 net acres – 25% WI in ~16,600 gross contiguous acres (12,940 undeveloped)
• 573 BOE/d NRI production (66% oil, 9 producing wells) YTD 20261
• 2.57 MMboe net Proved + Probable reserves (12/31/25)2
• Substantial undeveloped Barnett inventory: ~450K ft. CLL gross
1
2
3
Appalachian Basin Marcellus Midstream (Non-Operated) 4
Powder River Basin
Wyoming
Appalachian Basin
Pennsylvania
1
4
2
Permian Basin 3 Texas
• 35% ownership in 45 mile gathering system
• Operated by the Williams Companies
• 155 MMcfd max capacity at 450 psig target suction pressure.
• 94 MMcf/d gathered YTD 20261
WCSB (Alberta) 5
• JV with Canadian private operator
• 25% WI in >100,000 gross acres
• 2 producing wells
• 25+ 2-mile locations identified in Garrington area (est. 30K acres)
• Currently does not compete for capital in the portfolio
5 WCSB
Alberta
Opportunities for Capital Allocation (Unique Attribute for Micro-Cap E&P)
6
Portfolio Growth Drivers
1. Defined as >45% WI, >8,000 CLL ft., and >25% IRR @ $70 WTI / $3.50 HHUB
2. Company weighted average type curves
3. $70 WTI / $3.50 HHUB (then less applicable basis)
OCF = Revenues – Operating Expenses
e
Upper Marcellus2 PRB U Nio (Camp)2 PRB Parkman2 Permian Barnett2
Per Net Well
D&C Capital: $11.1MM
IRR3: 71%
12 mos. Prod: 6.0 BCF (8/8)
AVG Gross CLL (Ft.): 14,500
Inventory: 7 net locations
Non - Operated Operated Operated
Per Net Well
D&C Capital: $12.6MM
IRR3: 32%
12 mos. Prod: 218 MBOE (8/8)
74% Oil
AVG Gross CLL (Ft.): 11,200
Inventory: 26 net locations
Per Net Well
D&C Capital: $7.9MM
IRR3: 72%
12 mos. Prod: 178 MBOE (8/8)
92% Oil
AVG Gross CLL (Ft.): 10,000
Inventory: 17 net locations
Non - Operated
Per Net Well
D&C Capital: $14.9MM
IRR3: 53%
12 mos. Prod: 300 MBOE (8/8)
88% Oil
AVG Gross CLL (Ft.): 14,700
Inventory: 7 net locations
Total Inventory: 216 net locations Priority1 Inventory: 116 net locations
PRB Turner (Conv)2
Operated
Per Net Well
D&C Capital: $6.2MM
IRR3: 80%
12 mos. Prod: 150 MBOE (8/8)
81% Oil
AVG Gross CLL (Ft.): 8,200
Inventory: 16 net locations
Focus area, type curve details below
Powder River Basin Overview (Operated)
• Core 37,800 net acre PRB position, directly offset premier operators in
both Campbell and Converse County, WY.
» Net Production: 1,868 Boe/d (57% oil) (YTD 2026)
» Average Operated WI: 53% / Average Lease NRI: 80%
» 31,000 acres remain undeveloped (average across 5
formations)
• Provides a platform for controlled capital spending
» Leasehold is ~75% HBP with no continuous drilling
obligations
• Acreage covers four proven development formations, well delineated
by Peak and offset operators.
» Conventional targets: Parkman, Turner
» Unconventional targets: Niobrara, Mowry
» Priority Inventory1 (Net): Parkman (17), Turner (35), Niobrara
(26), Mowry (24)
» 1H 2026 activity - completed 2 gross Niobrara DUCS (34%
WI)
» 2H 2026 planned activity – drilling and completion of 3 gross
Parkman wells (72% WI)
7
Summary PRB Position Map
1. Defined as >45% WI, >8,000 CLL ft., and >25% IRR @ $70 WTI / $3.50 HHUB
Permian Basin Overview
• Ector Co. TX working interest
» Scaled position in one of the hottest plays in the basin
(Barnett) with an experienced PE backed operator
» 25% working interest in 16,600 gross acres (4,100 net
acres)
» Barnett 3-mile type curve: EUR 113 BOE/ft (80% Oil)
» All 9 wells drilled to date on the position are performing at
or above the type curve
» 9 gross (2.25 net) wells currently producing
• 12,940 gross acres remain undeveloped
» 30 estimated additional gross undeveloped Barnett
locations (7 net), assuming 3-4 wells per section spacing
• Additional potential in the Woodford
» Operator plans to complete the first Woodford test well
in 2H26 (EPSN non-consented the well)
• 1H 2026 activity – drilled and completed 1 gross (0.25 net) 3-mile
Barnett well, production came online in July
• 2H 2026 activity - drilling 2 gross (0.5 net) Barnett wells,
completions expected in Q1 2027
8
Summary Ector Co. Position
Marcellus – Upstream Overview
• 5,100 net acres in Susquehanna County, PA
» Majority operated by Expand Energy
• 146 gross (26.4 net) working interest producing wells
• Estimated 400K-450K gross CLL ft. of undeveloped inventory
remaining – 31 gross Marcellus locations
• Located in the core of the one of the lowest cost natural gas
basins in the country, in partnership with one of the largest
natural gas operators in the country
• Material upside through incremental development (see slide 11)
• Current operator plan calls for the development of 15 gross wells
through YE2028
• Current 2026 plans include the development of 5 gross wells
(0.4 net) which have been drilled. Completion operations are
scheduled for late Q426.
9
Summary Interest in Core NE PA Marcellus
Marcellus – Midstream Overview
10
Summary Auburn Compression Facility: Susquehanna Co., PA
• 35% interest in the Auburn Gas Gathering System (GGS)
• Partners: Williams Companies (operator) & Equinor
• 45 miles of gathering pipelines
• Current system capacity 155 MMcf/d at current 450 psig
target suction pressure
• Gas discharges into Tennessee Gas Pipeline, Zone 4
• Reserves dedications from shippers Expand, Equinor & Epsilon
» System supports ~ 1 TCF of 8/8ths dedicated reserves1
• Fixed rate contract – 2026 gathering fee is $0.502 /MMBTU2
• High margin gathering revenue through the natural gas price cycle
(20+ years useful life remaining)
• 94 MMcf/d gathered YTD 2026
» >60 MMcf/d of excess capacity for Auburn volumes at
current target suction pressure3
• Expansion project at Auburn CF under review; additional CAT
3612 compressor anticipated for development volumes in 2028+3
• Large upside to midstream earnings with incremental Auburn
area development (see slide 8)
1. Per 2025 year-end third-party reserves report completed by DeGolyer & MacNaughton (Proved + Probable, including reserves dropped out due to SEC pricing)
2. Escalates annually at CPI-U
3. Total capacity can be increased to >200 MMcf/d with additional compression
Leverage to Incremental Marcellus Development
• First 12 mos. net contribution from a notional 4 gross well pad
development (assumes 25% WI / 22% NRI):
» Est. incremental 12 mos. net gas volumes: 4.7 Bcf
» Est. incremental 12 mos. OCF: $9.6MM ($3.50 HHUB1)
» Est. net investment: $10.8 MM
• Expand (operator) current development plans include 15 gross
wells drilled in Auburn over 2026-2028 (EPSN average WI: ~20%)
11
Auburn - 4 Well Upper Marcellus Pad (56K Gross CLL ft.) Auburn GGS – Cash Flow Sensitivity to Annual Throughput
16.0
20.5
17.7
15.6
14.0
12.7
11.610.7 9.9 9.3 8.7 8.2
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
0.0
5.0
10.0
15.0
20.0
25.0
1 2 3 4 5 6 7 8 9 10 11 12
$M
MMcf/d
Months From TIL
Net Gas (Daily) Cum OCF
$5,141
$6,798
$8,454
$10,111
$11,768
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
100,000 125,000 150,000 175,000 200,000
$M
Annual Average Daily Throughput (MMcf/d)
Annual OCF
• 2026 YTD2 Throughput: 94 MMcf/d
• Incremental est. throughput (first 12 mos.) from 4 well pad: 60
MMcf/d
• Assumes 2026 fee structure - $0.50 / MMbtu gathering, $ 0.11 /
MMbtu compression (escalates annually at CPI-U)
OCF = Revenues – Operating Expenses OCF = Revenues – Operating Expenses
1. Assumes $(0.76) differential (Tenn Z4)
2. Through 6.30.26
Leverage to Incremental Barnett and PRB Development
• First 12 mos. net contribution from a notional 4 gross well pad
development (assumes 22% WI / 17% NRI ):
» Net volumes: 242 MBoe (73% oil)
» OCF: $10.8MM ($70 WTI, $3.50 HHUB)
» Est. net investment: $14.8MM
• Company expects pad development to commence on the project
over the next 12-18 mos.
12
Permian - 4 Well 3-mile Barnett Pad (67K Gross CLL ft.) PRB - 3 Well Parkman Converse Co. Pad (26K Gross CLL ft.)
809
911
851
775
713
662
619 582 549 521 496 474
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
0
100
200
300
400
500
600
700
800
900
1,000
1 2 3 4 5 6 7 8 9 10 11 12
$M
BOE/d
Months From TIL
Net BOE (Daily) Cum OCF
OCF = Revenues – Operating Expenses OCF = Revenues – Operating Expenses
1,389
1,818
1,442
1,212
1,057
935
832
750 684 630 584 544
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
1 2 3 4 5 6 7 8 9 10 11 12
$M
BOE/d
Months From TIL
Net BOE (Daily) Cum OCF
• First 12 mos. net contribution from a notional 3 gross well pad
development (assumes 81% WI, 65% NRI):
» Net volumes: 361 MBoe (90% oil)
» OCF: $18.5MM ($70 WTI, $3.50 HHUB)
» Est. net investment: $16.5MM
• Current plans are to initiate Converse Co. Parkman pad
development in 1H27.
• >$100MM of net investment potential in the existing Parkman
inventory
Q3 2026 and FY 2026 Production & Capital Guidance
13
Q3 2026 & FY2026 Basin Breakout / 2H 2026 Capital Program
Primary components of the capital program for 2H2026:
• Drilling and completion of 3 gross (2.1 net) Parkman wells in the
PRB (operated)
• Facilities build-out in preparation for 2027 drilling plans in the
PRB (operated)
• Drilling of 2 gross (0.5 net) Barnett wells in the Permian Basin
(non-operated), completions are expected in Q127
• Completion of 5 gross (0.4 net) Marcellus wells (non-operated)
Q3 2026 FY 2026
Production Ranges
Total (MMcfe) [3,270 – 3,510] [13,740 – 14,280]
Midpoint Daily (MMcfe/d) [35.6 – 38.2] [37.6 – 39.1]
Oil (MBbl) [155 – 165] [640 – 670]
Midpoint Daily (BO/d) [1,686 – 1,793] [1,753 – 1,836]
Midpoint
Sequential Growth
Total +10% +18%
Oil +27% +194%
Capital Ranges
D&C ($MM) [19.9 – 23.6] [32.1 – 35.9]
Facilities ($MM) [3.7 – 4.4] [7.1 – 8.0]
Other1 ($MM) [0.4 – 0.5] [2.1 – 2.3]
Midstream ($MM) 0 [0.7 – 0.8]
Total ($MM) [24.0 – 28.5] [42.0 – 47.0]
50%
38%
12%
Q3 2026 - Total Production
37% 53%
10%
FY 2026 - Total Production
2%
88%
10%
Q3 2026 - Total Capital
10%
72%
17%
2%
FY 2026 - Total Capital
1. Leasehold and capitalized workover expense
Disclosures
14
Non-GAAP Financial Measures
Epsilon defines Adjusted EBITDA as earnings before (1) net interest expense, (2) taxes, (3) depreciation, depletion, amortization and accretion expense, (4) impairments of natural gas and oil
properties, (5) non-cash stock compensation expense, (6) transaction costs, (7) gain or loss on derivative contracts net of cash received or paid on settlement, (8) gain or loss on sale of assets, and (9)
gain or loss on foreign currency translations.
Additionally, Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Epsilon has included Adjusted EBITDA as a supplemental disclosure because its
management believes that EBITDA provides useful information regarding its ability to service debt and to fund capital expenditures. It further provides investors a helpful measure for comparing
operating performance on a "normalized" or recurring basis with the performance of other companies, without giving effect to certain non-cash expenses and other items. This provides management,
investors and analysts with comparative information for evaluating the Company in relation to other natural gas and oil companies providing corresponding non-U.S. GAAP financial measures or that
have different financing and capital structures or tax rates. These non-U.S. GAAP financial measures should be considered in addition to, but not as a substitute for, measures for financial
performance prepared in accordancewith U.S. GAAP.
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g001.jpg · Sequence: 3
Binary file (133824 bytes)
Download epsn-20260817xex99d1g001.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g002.jpg · Sequence: 4
Binary file (194191 bytes)
Download epsn-20260817xex99d1g002.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g003.jpg · Sequence: 5
Binary file (122395 bytes)
Download epsn-20260817xex99d1g003.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g004.jpg · Sequence: 6
Binary file (141354 bytes)
Download epsn-20260817xex99d1g004.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g005.jpg · Sequence: 7
Binary file (151449 bytes)
Download epsn-20260817xex99d1g005.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g006.jpg · Sequence: 8
Binary file (137237 bytes)
Download epsn-20260817xex99d1g006.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g007.jpg · Sequence: 9
Binary file (159575 bytes)
Download epsn-20260817xex99d1g007.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g008.jpg · Sequence: 10
Binary file (128549 bytes)
Download epsn-20260817xex99d1g008.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g009.jpg · Sequence: 11
Binary file (156792 bytes)
Download epsn-20260817xex99d1g009.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g010.jpg · Sequence: 12
Binary file (150568 bytes)
Download epsn-20260817xex99d1g010.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g011.jpg · Sequence: 13
Binary file (110512 bytes)
Download epsn-20260817xex99d1g011.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g012.jpg · Sequence: 14
Binary file (124213 bytes)
Download epsn-20260817xex99d1g012.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g013.jpg · Sequence: 15
Binary file (103037 bytes)
Download epsn-20260817xex99d1g013.jpg
GRAPHIC
GRAPHIC
Filename: epsn-20260817xex99d1g014.jpg · Sequence: 16
Binary file (78310 bytes)
Download epsn-20260817xex99d1g014.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 22
v3.26.1
Document and Entity Information
Aug. 17, 2026
Document and Entity Information [Abstract]
Document Type
8-K
Document Period End Date
Aug. 17, 2026
Entity Registrant Name
EPSILON ENERGY LTD.
Securities Act File Number
001-38770
Entity Incorporation, State or Country Code
CA
Entity Tax Identification Number
98-1476367
Entity Address, Address Line One
500 Dallas St.
Entity Address, Address Line Two
Suite 1250
Entity Address, City or Town
Houston
Entity Address, State or Province
TX
Entity Address, Postal Zip Code
77002
City Area Code
281
Local Phone Number
670-0002
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Shares, no par value
Trading Symbol
EPSN
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
Entity Central Index Key
0001726126
Amendment Flag
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration