Epsilon Energy reported second-quarter 2026 revenue of $18.3 million, up 57% from a year earlier, as sharply higher oil and NGL sales offset weaker gas and midstream revenue. Total production was 3,088 MMcfe, up 1% year over year but down 13% from the first quarter, while adjusted EBITDA fell 21% from a year earlier to $5.8 million. In a corrected release, the company revised adjusted net income for Q2 2026 to a loss of $815,000, or $0.03 per share, from the previously stated $1.578 million, or $0.05 per share, after recategorizing proceeds from asset sales from Other Income to Gain on Asset Sales to align with its definition of adjusted net income. Reported earnings in Epsilon’s Form 10-Q were unchanged. Chief Executive Officer Jason Stabell said the company has shifted over the past eight months from a non-operator to a diversified operator/non-operator hybrid and now has enough visibility to provide production and capital expenditure guidance for the first time. At the midpoint, Epsilon expects third-quarter oil production to rise more than 25% sequentially and full-year oil output to average about 1,800 barrels per day. The company also said it spent $8.5 million on capital projects in the quarter, sold certain overriding royalty interests in Susquehanna County for $3.9 million, and reduced borrowings on its credit facility by $10 million from year-end 2025 to $40.5 million. Management said second-quarter project activity should contribute more meaningfully in the second half, with new wells in the Powder River Basin and Permian already online and Marcellus wells expected online in December.