Epsilon Energy Q2 revenue rises on higher oil, NGL sales
Epsilon Energy Q2 revenue rises on higher oil, NGL sales
Overview
US oil and gas producer's Q2 revenue rose 57% yr/yr, driven by higher oil and NGL sales
Adjusted net income and adjusted EBITDA declined sharply from prior quarter
Lower Marcellus gas output due to planned system pressure increase and natural declines
Outlook
Epsilon sees Q3 2026 total production at 3,270–3,510 MMcfe and oil production at 155–165 MBbl
Company expects Q3 2026 capital spending of $24.0–$28.5 mln
Epsilon forecasts FY 2026 total production at 13,740–14,280 MMcfe and oil production at 640–670 MBbl
Result Drivers
OIL AND NGL PRICES - Higher realized oil and NGL prices contributed to increased revenue in Q2
MARCELLUS GAS DECLINE - Planned suction pressure increase and natural well declines reduced Marcellus gas production
POWDER RIVER BASIN OPTIMIZATION - Field optimization activities and offset completions led to lower Powder River Basin production
Company press release: ID:nGNX7X7zYC
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.23 |
|
Q2 Basic EPS |
| $0.24 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)