Epsilon Q1 Revenue Soars 73% to $25.6M as Oil Production Climbs 199% YoY
EPSN•Epsilon’s Q1 production rose 11% QoQ to 3,554 MMcfe, led by a 45% oil output surge to 136 MBbl and a 5% gas increase to 2,482 MMcf, while realized gas prices climbed 87% QoQ to $5.40/Mcf. Total revenues jumped 73% QoQ to $25.6 million and adjusted EBITDA increased 77% to $13.4 million.
1. Production Growth and Pricing Trends
In Q1 2026, Epsilon’s NRI production climbed 11% QoQ to 3,554 MMcfe, driven by a 45% oil volume rise to 136 MBbl and a 5% gas increase to 2,482 MMcf. Realized gas prices surged 87% QoQ to $5.40/Mcf and oil prices rose 23% to $69.39/Bbl.
2. Financial Performance and Balance Sheet
Total revenues reached $25.6 million, up 73% QoQ and 58% YoY, with gas revenue up 96% QoQ to $13.4 million and oil revenue up 79% QoQ to $9.5 million. Adjusted EBITDA rose 77% to $13.4 million, capex totaled $4.9 million, cash plus short-term investments were $8.5 million, and total debt fell 10% QoQ to $45.5 billion.
3. Development Outlook and Asset Monetization
Management plans to bring three Barnett wells online in Q2, complete two Niobrara DUCs by early Q3 and finish Parkman drilling for Q4 production, targeting oil-weighted volumes in a strong H2 oil price environment. Concurrently, planned asset sales are expected to generate $6.7 million in Q2 proceeds.
