For the quarter ending 2026-03-31, EPSN has $226,419,043 in assets. $102,296,429 in debts. $7,912,858 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 7,912,858 | 12,766,167 | 9,907,653 | |
| Accounts receivable | 16,794,429 | 4,515,199 | 5,496,883 | |
| Fair value of derivatives | 426,255 | 889,187 | 732,528 | |
| Prepaid income taxes | 2,959,475 | 0 | 0 | |
| Other current assets | 1,688,563 | 965,970 | 396,264 | |
| Total current assets | 29,781,580 | 19,136,523 | 16,533,328 | |
| Proved properties | 237,783,115 | 200,066,005 | 197,197,902 | |
| Unproved properties | 79,690,561 | 33,396,744 | 33,496,835 | |
| Accumulated depletion, depreciation, amortization and impairment | 134,196,469 | 134,181,378 | 131,899,045 | |
| Total oil and gas properties, net | 183,277,207 | 99,281,371 | 98,795,692 | |
| Gathering system | 43,593,370 | 43,540,301 | 43,416,065 | |
| Accumulated depletion, depreciation, amortization and impairment | 37,680,704 | 37,271,826 | 37,057,605 | |
| Total gathering system, net | 5,912,666 | 6,268,475 | 6,358,460 | |
| Land | 1,231,965 | 637,764 | 637,764 | |
| Buildings and other property and equipment, net | 4,077,163 | 221,901 | 245,555 | |
| Total property and equipment, net | 194,499,001 | 106,409,511 | 106,037,471 | |
| Operating lease right-of-use assets, long term | 429,923 | 272,298 | 295,317 | |
| Restricted cash | 553,000 | 470,000 | 470,000 | |
| Fair value of derivatives, long term | 185,056 | - | - | |
| Deferred financing costs | 724,263 | - | - | |
| Prepaid drilling costs | 246,220 | 4,673 | 277,552 | |
| Total non-current assets | 196,637,463 | 107,156,482 | 107,080,340 | |
| Total assets | 226,419,043 | 126,293,005 | 123,613,668 | |
| Income taxes payable | - | 1,556,724 | 1,596,958 | |
| Accounts payable trade | 8,159,934 | 2,963,805 | 2,018,533 | |
| Gathering fees payable | 1,047,841 | 978,890 | 1,139,057 | |
| Royalties payable | 10,071,572 | 1,481,520 | 1,553,262 | |
| Accrued capital expenditures | 577,154 | 1,605,705 | 225,923 | |
| Accrued compensation | 739,649 | 726,213 | 465,055 | |
| Other accrued liabilities | 2,927,196 | 490,970 | 283,540 | |
| Fair value of derivatives | 3,833,399 | 0 | 0 | |
| Operating lease liabilities | 271,790 | 120,799 | 121,057 | |
| Total current liabilities | 27,628,535 | 9,924,626 | 7,403,385 | |
| Credit facility payable | 45,500,000 | - | - | |
| Ad valorem taxes, long term | 7,411,971 | - | - | |
| Asset retirement obligations | 7,553,458 | 3,822,030 | 3,764,816 | |
| Fair value of derivatives, long term | 810,629 | - | - | |
| Deferred income taxes | 13,120,790 | 12,062,053 | 11,958,901 | |
| Operating lease liabilities, long term | 271,046 | 266,263 | 296,250 | |
| Total non-current liabilities | 74,667,894 | 16,150,346 | 16,019,967 | |
| Total liabilities | 102,296,429 | 26,074,972 | 23,423,352 | |
| Preferred shares, no par value, unlimited shares authorized, none issued or outstanding | 0 | 0 | 0 | |
| Common shares, no par value, unlimited shares authorized and 30,239,980 shares issued and outstanding at march 31, 2026 and december 31, 2025 | 154,274,125 | 116,081,031 | 116,081,031 | |
| Additional paid-in capital | 14,411,351 | 13,267,196 | 12,890,583 | |
| Accumulated deficit | -54,457,110 | -38,995,173 | -38,688,953 | |
| Accumulated other comprehensive income | 9,894,248 | 9,864,979 | 9,907,655 | |
| Total shareholders' equity | 124,122,614 | 100,218,033 | 100,190,316 | |
| Total liabilities and shareholders' equity | 226,419,043 | 126,293,005 | 123,613,668 | |
Epsilon Energy Ltd. (EPSN)
Epsilon Energy Ltd. (EPSN)