Key Points – Epsilon Energy said it remains on track with its 2026 development plan, with management expecting meaningful year-over-year production growth as oil-weighted projects in the Permian and Powder River basins ramp through the second half of the year. – First-quarter…
rnings were weighed down by unrealized hedge losses, though the company said its adjusted result was $0.29 per share. Epsilon also reduced debt by $10 million since the Powder River acquisition, bringing total debt to $40.5 million. – The company is accelerating activity in the Powder River Basin and advancing key projects elsewhere, including completions on two Niobrara wells, a three-well Parkman program, a 3-plus-mile Barnett well in the Permian, and five Marcellus wells slated to come online later this year
Epsilon Energy (NASDAQ:EPSN) said it remains on track with its 2026 development plan after a first quarter marked by stronger gas pricing, a full-quarter contribution from newly acquired Powder River Basin assets and continued investment in oil-weighted projects. Chief Executive Officer Jason Stabell told investors the company is “in execution mode” and expects to deliver “meaningful production growth year-over-year,” with an oil-weighted ramp in the Permian and Powder River basins beginning in the second quarter and increasing through the second half of the year. Stabell said the company’s ninth well in its Permian project, its first 3-plus-mile Barnett well, is expected to come online in the second quarter.
In the Powder River Basin, two Niobrara drilled-but-uncompleted wells acquired in last year’s transaction are scheduled to be completed in June and turned to sales in the third quarter. A three-well Parkman development is expected to follow in the fourth quarter. First-quarter results affected by hedge losses Chief Financial Officer Andrew Williamson said Epsilon spent just under $5 million in capital expenditures through March, primarily tied to participation in drilling the…