Epsilon Energy Ltd. · NASDAQ:EPSN
Epsilon Energy — Investor Presentation (August 2026)
14 slides from Epsilon Energy's investor presentation, August 2026
Slide 1: Epsilon Energy: Multi-Basin High Growth Small Cap
Epsilon Energy Multi-Basin High Growth Small Cap Corporate Presentation - August 2026
Slide 2: Disclaimers
Disclaimers Certain statements contained in this presentation constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements.
Slide 3: Epsilon – Key Take-Aways
Epsilon – Key Take-Aways • Multi-year transformation from a single-basin and commodity concentrated non-op to a diversified platform across 3 basins with deep inventory and operated control • Growth inflection starting in 2H 2026, carrying into 2027 • Near term value catalysts: operated activity ram
Slide 4: Epsilon – At A Glance
Epsilon – At A Glance Statistics Executive Summary • Diversified upstream business across the Powder River Basin, Ticker: EPSN (Nasdaq) Enterprise Value1: $208 MM Marcellus, and Permian coupled with a capital efficient midstream platform • Management team has materially expanded inventory, Q2 Net To
Slide 5: Asset Portfolio Overview
Asset Portfolio Overview Epsilon - PRB Operator and Project Based Non-Op in the Marcellus & Permian 1 Appalachian Basin Marcellus (Non-Operated) • Core non-op position in the most economic dry gas play in NAM - operated by Expand Energy 5 WCSB Alberta • 5,100 net acres (95% HBP) • 21.7 MMcf/d NRI pr
Slide 6: Opportunities for Capital Allocation
Opportunities for Capital Allocation (Unique Attribute for Micro-Cap E&P) Portfolio Growth Drivers Total Inventory: 216 net locations Priority1 Inventory: 116 net locations Focus area, type curve details below Non - Operated Operated Operated Non - Operated Operated Upper Marcellus2 PRB U Nio (Camp)
Slide 7: Powder River Basin Overview (Operated)
Powder River Basin Overview (Operated) Summary PRB Position Map • Core 37,800 net acre PRB position, directly offset premier operators in both Campbell and Converse County, WY. » Net Production: 1,868 Boe/d (57% oil) (YTD 2026) » Average Operated WI: 53% / Average Lease NRI: 80% » 31,000 acres remai
Slide 8: Permian Basin Overview
Permian Basin Overview Summary Ector Co. Position • Ector Co. TX working interest » Scaled position in one of the hottest plays in the basin (Barnett) with an experienced PE backed operator » 25% working interest in 16,600 gross acres (4,100 net acres) » Barnett 3-mile type curve: EUR 113 BOE/ft (80
Slide 9: Marcellus – Upstream Overview
Marcellus – Upstream Overview Summary Interest in Core NE PA Marcellus • 5,100 net acres in Susquehanna County, PA » Majority operated by Expand Energy • 146 gross (26.4 net) working interest producing wells • Estimated 400K-450K gross CLL ft. of undeveloped inventory remaining – 31 gross Marcellus
Slide 10: Marcellus – Midstream Overview
Marcellus – Midstream Overview Summary Auburn Compression Facility: Susquehanna Co., PA • 35% interest in the Auburn Gas Gathering System (GGS) • Partners: Williams Companies (operator) & Equinor • 45 miles of gathering pipelines • Current system capacity 155 MMcf/d at current 450 psig target suctio
Slide 11: Leverage to Incremental Marcellus Development
Leverage to Incremental Marcellus Development Auburn - 4 Well Upper Marcellus Pad (56K Gross CLL ft.) Auburn GGS – Cash Flow Sensitivity to Annual Throughput 25.0 $12,000 $14,000 20.5 $11,768 $10,000 $12,000 20.0 $10,111 17.7 16.0 $10,000 15.6 $8,000 $8,454 15.0 14.0 12.7 $8,000 MMcf/d 11.6 $6,798 $
Slide 12: Leverage to Incremental Barnett and PRB Development
Leverage to Incremental Barnett and PRB Development Permian - 4 Well 3-mile Barnett Pad (67K Gross CLL ft.) PRB - 3 Well Parkman Converse Co. Pad (26K Gross CLL ft.) 1,000 $12,000 2,000 20,000 911 1,818 900 851 1,800 18,000 809 775 $10,000 1,600 16,000 800 713 1,442 1,389 700 662 1,400 14,000 619 $8
Slide 13: Q3 2026 and FY 2026 Production & Capital Guidance
Q3 2026 and FY 2026 Production & Capital Guidance Q3 2026 & FY2026 Basin Breakout / 2H 2026 Capital Program Q3 2026 FY 2026 Q3 2026 - Total Production FY 2026 - Total Production Production Ranges Total (MMcfe) [3,270 – 3,510] [13,740 – 14,280] 12% 10% Midpoint Daily (MMcfe/d) [35.6 – 38.2] [37.6 – 3
Slide 14: Disclosures
Disclosures Non-GAAP Financial Measures Epsilon defines Adjusted EBITDA as earnings before (1) net interest expense, (2) taxes, (3) depreciation, depletion, amortization and accretion expense, (4) impairments of natural gas and oil properties, (5) non-cash stock compensation expense, (6) transaction