The guidance implies a significant ramp in oil production, which is credit-positive for a small-cap E&P. Monitor Q3 2026 operational results to see if the company hits its production targets, particularly the new Parkman wells in the PRB.
Price Chart
Executive Summary
Epsilon Energy issued Q3 and FY2026 production and capital guidance. The midpoint of FY2026 total production guidance implies 18% sequential growth, with oil production up 194%, driven by a $42-47M capital program focused on drilling and facilities in the Powder River Basin and Permian. This is a forward-looking operational update with no historical financials or earnings data, making it a neutral event with moderate impact given the strong growth trajectory outlined.
Key Facts
- FY2026 total production midpoint guidance of 13,740-14,280 MMcfe, representing 18% sequential growth.
- FY2026 oil production midpoint guidance of 640-670 MBbl, representing 194% sequential growth.
- FY2026 total capital expenditure guidance of $42.0-47.0 million.
- Q3 2026 total production midpoint guidance of 3,270-3,510 MMcfe, representing 10% sequential growth.
- Q3 2026 oil production midpoint guidance of 155-165 MBbl, representing 27% sequential growth.
- 2H2026 capital program includes drilling 3 gross (2.1 net) Parkman wells in the PRB and 2 gross (0.5 net) Barnett wells in the Permian, plus completion of 5 gross (0.4 net) Marcellus wells.
Financial Impact
FY2026 capital program of $42-47M; no revenue or earnings guidance provided.
Risk Factors
- Execution risk on the 2H2026 drilling and completion program, especially the new Parkman wells in the PRB.
- Commodity price volatility could impact the economics of the planned capital program.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-095564 |
| Document: epsn-20260813xex99d1.htm | 0001104659-26-095564 |
| Document: 0001104659-26-095564-index-headers.html | 0001104659-26-095564 |
| Document: 0001104659-26-095564-index.html | 0001104659-26-095564 |
| Document: 0001104659-26-095564.txt | 0001104659-26-095564 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | Insider Buy | $6.06 $6.10 | ▲ +0.66% | ▲ +1.22% | $6.37 (+5.12%) |
Sep 14, 2026 6w ago | 144 | $6.16 $6.00 | ▼ −2.60% | ▼ −5.58% | $6.37 (+3.41%) |
Sep 4, 2026 7w ago | Press Release | $6.18 $6.06 | ▼ −1.94% | ▼ −2.54% | $6.37 (+3.07%) |
Aug 18, 2026 9w ago | 8-K | $5.68 $5.90 | ▲ +3.87% | ▲ +5.62% | $6.37 (+12.15%) |
Aug 13, 2026 10w ago | 8-K | $5.32 $6.34 | ▲ +19.17% | ▲ +20.92% | $6.37 (+19.74%) |
Aug 12, 2026 10w ago | Press Release | $5.32 $6.34 | ▲ +19.17% | ▲ +20.92% | $6.37 (+19.74%) |
Aug 12, 2026 10w ago | Press Release | $5.32 $6.34 | ▲ +19.17% | ▲ +20.92% | $6.37 (+19.74%) |
Jun 18, 2026 18w ago | 424B5 | $5.21 $5.52 | ▼ −5.95% | ▼ −6.10% | $6.37 (−22.26%) |
Jun 1, 2026 21w ago | 8-K | $5.81 $5.45 | ▼ −6.20% | ▼ −4.63% | $6.37 (+9.64%) |
May 29, 2026 21w ago | 144 | $5.83 $5.41 | ▼ −7.20% | ▼ −5.91% | $6.37 (+9.26%) |
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