Natural Gas was Epsilon Energy’s largest product and service line in fiscal 2025, bringing in $29.12M of $51.59M (56%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Natural Gas | $56.95M | $14.86M | $10.79M | $29.12M | ||||
| Gathering & Compression Fees | — | $9.79M | $5.52M | $6.68M | ||||
| Gas Gathering & Compression Revenue | $9.61M | — | — | — | ||||
| Gas Gathering & Compression | — | — | — | — | ||||
| Oil & Condensate | $3.20M | $5.09M | $13.73M | $13.80M | ||||
| Natural Gas Liquids | $1.73M | $984.42K | $1.48M | $1.98M | ||||
| Elimination | -$1.52M | — | — | — | ||||
| Total | $69.96M | $30.73M | $31.52M | $51.59M |
Epsilon Energy brought in $51.59M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 63.7% from $31.52M in fiscal 2024. Natural Gas was the largest at $29.12M (56.5%), ahead of Oil & Condensate at $13.80M (26.8%) and Gathering & Compression Fees at $6.68M (13.0%). The remaining line, Natural Gas Liquids, brought in $1.98M.
Compared with fiscal 2024, Natural Gas grew fastest, up 170.0% to $29.12M. Every line above 2% of revenue grew.
Epsilon Energy stopped reporting Gas Gathering & Compression Revenue as a separate line after fiscal 2022, when it brought in $9.61M.
Upstream was Epsilon Energy’s largest segment in fiscal 2025, bringing in $44.90M of $51.59M (87%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $61.88M | $20.94M | $26.00M | $44.90M | ||||
| Gas Gathering | $9.61M | $11.17M | $6.66M | $8.55M | ||||
| Intersegment Elimination | — | — | -$1.14M | -$1.86M | ||||
| Elimination | -$1.52M | -$1.38M | — | — | ||||
| Total | $69.96M | $30.73M | $31.52M | $51.59M |
Epsilon Energy brought in $51.59M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 63.7% from $31.52M in fiscal 2024. Upstream was the largest at $44.90M (87.0%), ahead of Gas Gathering at $8.55M (16.6%).
Compared with fiscal 2024, Upstream grew 72.7% to $44.90M and Gas Gathering grew 28.4% to $8.55M.
Epsilon Energy began breaking out Intersegment Elimination in fiscal 2024, when it brought in -$1.14M. The total is net of Intersegment Elimination, which took $1.86M off revenue in fiscal 2025.
Epsilon Energy (EPSN) reports its revenue by product and service and by segment. In fiscal 2025, Natural Gas was its largest product and service line, bringing in $29.12M (56.5% of the total), followed by Oil & Condensate at $13.80M (26.8%).
Natural Gas was Epsilon Energy's largest product and service line in fiscal 2025, bringing in $29.12M, or 56.5% of the $51.59M total across its four product and service lines.
Upstream was Epsilon Energy's largest segment in fiscal 2025, bringing in $44.90M, or 87.0% of the $51.59M total across its three segments.
Among Epsilon Energy's product and service lines that make up at least 2% of revenue, Natural Gas grew fastest in fiscal 2025, up 170.0% from $10.79M to $29.12M.
Every figure comes from Epsilon Energy's annual financial filings, as reported. Each line keeps the name Epsilon Energy gives it, and years follow its fiscal calendar.
Epsilon Energy's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.