Epsilon Energy Issues Q3 and FY 2026 Production and Capital Guidance
EPSN sits 33% above its 52-week low of $4.2 on light trading volume (0.2× avg).
Summary
Epsilon Energy issued Q3 and FY 2026 production and capital guidance, projecting 10% sequential production growth in Q3 and 18% for the full year, with capital spending of $42–47 million for FY 2026.
Key Events · Earnings and Guidance · EPSN
-
Production Guidance Issued
Q3 2026 total production guided at 3,270–3,510 MMcfe (midpoint daily 35.6–38.2 MMcfe/d), with oil at 155–165 MBbl. FY 2026 total production guided at 13,740–14,280 MMcfe (midpoint daily 37.6–39.1 MMcfe/d), with oil at 640–670 MBbl.
-
Sequential Growth Projected
Midpoint sequential growth of 10% in Q3 and 18% for FY 2026 in total production, driven by oil growth of 27% and 194% respectively.
-
Capital Spending Plan
Q3 2026 capital spending guided at $24.0–28.5 million, with FY 2026 at $42.0–47.0 million. D&C accounts for the largest share, with $19.9–23.6 million in Q3 and $32.1–35.9 million for the full year.
-
2H 2026 Capital Program Details
Includes drilling and completion of 3 gross (2.1 net) Parkman wells in the PRB, facilities build-out for 2027 drilling, drilling of 2 gross (0.5 net) Barnett wells in the Permian, and completion of 5 gross (0.4 net) Marcellus wells.
Analysis · EPSN · Energy & Transportation
Epsilon Energy provided its first formal production and capital guidance for Q3 and full-year 2026. The company expects sequential production growth of 10% in Q3 and 18% for the full year, driven by a 27% and 194% increase in oil volumes respectively. Capital spending is guided at $24.0–28.5 million for Q3 and $42.0–47.0 million for FY 2026, with the majority allocated to drilling and completion in the Powder River Basin. This guidance comes one day after the company's Q2 2026 10-Q, which reported net income of $7.13 million but also disclosed a material weakness in internal controls. The guidance provides investors with a clearer picture of the company's growth trajectory and capital allocation plans for the remainder of the year.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.5% of the 1626 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EPSN was trading at $5.60 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $169.4M. The 52-week trading range was $4.20 to $6.65. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.