Epsilon Energy Reports $51.6B Revenue, 75% EBITDA Surge and PRB Acreage Deal
Epsilon Energy reported full-year 2025 revenues of $51.6 billion, up 64% year-over-year, driven by a 54% rise in production to 11,825 MMcfe and adjusted EBITDA of $30.7 billion, up 75%. The company completed its Peak companies acquisition, adding 40,000 net PRB acres, and plans four gross Barnett wells in 2026.
1. Full-Year 2025 Financial Highlights
Epsilon reported total NRI production of 11,825 MMcfe in 2025, a 54% increase year-over-year, generating revenues of $51,588 million, up 64%, and adjusted EBITDA of $30,744 million, up 75%. Adjusted net income reached $21,294 million and the company distributed $5,998 million in dividends while targeting leverage below 1.5x.
2. Q4 2025 Operational Metrics
In the fourth quarter, NRI production climbed 30% sequentially to 3,196 MMcfe, lifting revenues to $14,818 million, a 65% quarter-over-quarter increase. Realized prices averaged $2.88/Mcf for gas and $56.44/Bbl for oil, supporting a 44% quarterly EBITDA rise to $7,553 million.
3. Strategic Acquisitions and 2026 Plans
November’s closing of the Peak companies deal added roughly 40,000 net acres in the Powder River Basin, with over 100 high-return locations and near-term focus on 21 gross Parkman wells. In the Barnett play, a private-equity-backed operator will drill up to four gross wells in 2026 and eight to ten gross wells in 2027 using three-mile laterals to enhance efficiencies.