HOUSTON, March 24, 2026 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported financial results for the fourth quarter and full-year ended December 31, 2025. Full Year and Q4 2025 Highlights: Epsilon - Full-Year 2025 & Q4 2025 20252024Q4 2025Q3 2025YoY%QoQ%NRI Production GasMMcf10,0016,142<td style="max-width:11% ...

It has been about a month since the last earnings report for Expand Energy (EXE) . Shares have added about 6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Expand Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.Expand Energy Q4 Earnings Beat Estimates on S ...

Core Insights - Kolibri Global Energy reported a 15% increase in production to an average of 4,013 BOEPD in 2025, achieving a compound annual growth rate of 35% over the last three years [2][11] - The company generated $56.9 million in net revenue and $42.1 million in Adjusted EBITDA for 2025, reflecting a decrease of 3% and 4% respectively compared to 2024 [3][10] - The total proved reserves increased by 1% to 40.8 million barrels of oil equivalent, with a net present value (NPV10) of $440.7 million [3][10] Financial Performance - Net income for 2025 was $15.5 million ($0.44 per basic share), down from $18.1 million ($0.51 per basic share) in 2024, attributed to lower average prices and increased operating expenses [3][6] - Average production costs per barrel decreased by 1% to $7.33 per BOE in 2025, while netback from operations fell by 18% to $31.49 per BOE due to lower average prices [3][12] - Capital expenditures doubled to $62.6 million in 2025, driven by increased drilling activity and costs associated with operational challenges [14] Production and Revenue Breakdown - Oil revenues before royalties decreased by 8% to $63.0 million, while natural gas revenues increased by 126% to $3.9 million due to higher production and prices [10] - The average price per barrel fell by 16% to $49.22, impacting overall revenue despite increased production [3][10] - The company reported a 15% increase in production volume, with the new wells contributing significantly to the output [11][18] Operational Highlights - The company faced operational delays due to a drill pipe failure, which affected the fourth quarter production [4] - New wells that began production at the end of 2025 are expected to enhance cash flow and production figures in 2026 [4][5] - The 2026 drilling program is being finalized, with expectations for lower capital expenditures compared to 2025 [5]

Mach Natural Resources LP (NYSE:MNR) is included among The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed. Mach Natural Resources (MNR) Beats Estimates in Q4 2025 Results Mach Natural Resources LP (NYSE:MNR) is an independent upstream oil and gas company focused on the acquisition, development, and production of oil, natural gas, and NGL reserves. Mach Natural Resources LP (NYSE:MNR) reported strong results for its Q4 2025 on March 13, with its adjusted EPS of ...

INVESTOR PRESENTATION MARCH 2026 1 78.156.207 169.206.233 Disclaimer •FORWARD-LOOKING STATEMENTS •The information in this presentation and in any oral statements made in connection herewith contains forward-looking statements that involve risks and uncertainties. When used in connection with this document, the words "believes," "plans," "expects," "anticipates," "forecasts," "intends," "projects," "continue," "may," "will," "could," "should," "future," "potential," "estimate" or the negative of such terms a ...

Leadership Changes - Gulfport Energy Corporation announced the departure of John Reinhart, President and CEO, effective immediately, and the formation of an Office of the Chairman to lead the company during the CEO search [1] - The Office of the Chairman will be led by Timothy J. Cutt, along with other executives including Michael Hodges, Matthew Rucker, and Patrick Craine [1] - The company’s 2026 development plan and strategy remain unchanged, focusing on responsible asset development and enhancing operational efficiencies [1] Company Overview - Gulfport Energy is an independent exploration and production company primarily focused on natural gas, crude oil, and NGL in the United States, with key operations in the Appalachia and Anadarko basins [1] - The company’s principal properties are located in eastern Ohio and central Oklahoma, targeting the Utica, Marcellus, and SCOOP formations [1]

Financial Data and Key Metrics Changes - In 2025, the company increased adjusted free cash flow by 15% year-over-year, setting a new record despite an 18% decrease in realized commodity prices [10] - Total sales volumes increased by 3% year-over-year, with total proved reserves rising by 14% and approved undeveloped inventory by 17% [10] - The company reduced capital spending by 35% year-over-year, improving drilling capital efficiency by 19% since 2023 [11] Business Line Data and Key Metrics Changes - In Q4 2025, the company sold 20,508 Boe per day, a slight decrease of 1% from the previous quarter, attributed to a third-party gas plant shut-in [15] - The overall realized price in Q4 2025 declined by 14% to $35.45 per Boe from $41.10 per Boe in Q3 2025 [16] - Oil revenue decreased by $9.5 million due to negative price and production variances, while gas and NGL revenues increased by $2.2 million quarter-over-quarter [18] Market Data and Key Metrics Changes - The average crude oil price differential from NYMEX WTI futures pricing was a negative $1.66 per barrel in Q4 2025, compared to a negative $0.61 per barrel in Q3 2025 [17] - The average natural gas price differential from NYMEX futures pricing for Q4 was a negative $6.47 per Mcf, compared to a negative $4.22 per Mcf in Q3 [17] Company Strategy and Development Direction - The company intends to maintain or slightly grow production while allocating cash from operations to reduce debt [24] - The 2026 budget is based on $60 per barrel WTI and $3.50 per Mcf Henry Hub, with expected average annual sales ranging between 19,500 to 20,800 Boe per day [25] - The company is focused on capital efficiency through longer laterals and optimized completions, aiming for a lower LOE midpoint than in 2025 [27] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strength and resilience of the company's strategy in the face of challenging oil prices in 2025 [9] - The new CFO emphasized the importance of protecting the balance sheet and enhancing free cash flow durability while positioning the company for growth [32] - Management expressed confidence in the company's ability to generate organic growth and maintain a disciplined approach to capital allocation [29] Other Important Information - The company reduced its debt by $40 million since the Lime Rock acquisition, representing almost 60% of the debt incurred at closing [12] - The company has approximately 2.3 million barrels of oil hedged for 2026, covering about 48% of established oil sales [22] Q&A Session Summary Question: Are you testing any new zones in the 2026 program? - Management confirmed they are testing new zones and have identified commercial zones for horizontal drilling, with encouraging results from initial tests [44][46] Question: Can you quantify the sale of non-op properties? - The company sold 200 barrels a day of non-operated production for $4.5 million, approximately 4.5 times next 12 months cash flow [57] Question: Are there other opportunities to sell non-core production? - Management indicated they are always looking for ways to accelerate value and pay down debt, but noted that the inventory for sale is currently limited [59]

Financial Data and Key Metrics Changes - In 2025, the company increased adjusted free cash flow by 15% year-over-year, setting a new record despite an 18% decrease in realized commodity prices [10] - Total sales volumes increased by 3% year-over-year, with total proved reserves rising by 14% and approved undeveloped inventory by 17% [10] - The company reduced capital spending by 35% year-over-year, lowering the reinvestment rate to 53% of 2025 EBITDA [11] - The company reported a net loss of $12.8 million for Q4 2025, compared to a net loss of $51.6 million in Q3 2025 [19] Business Line Data and Key Metrics Changes - In Q4 2025, the company sold 20,508 Boe per day, a slight decrease of 1% from Q3 2025 [15] - The overall realized price in Q4 2025 declined by 14% to $35.45 per Boe from $41.10 per Boe in Q3 2025 [16] - Oil revenue decreased by $9.5 million due to negative price and production variances, while gas and NGL revenues increased by $2.2 million [18] Market Data and Key Metrics Changes - The average crude oil price differential from NYMEX WTI futures pricing was a negative $1.66 per barrel in Q4 2025, compared to a negative $0.61 per barrel in Q3 2025 [17] - The average natural gas price differential from NYMEX futures pricing for Q4 was a negative $6.47 per Mcf, compared to a negative $4.22 per Mcf in Q3 [17] Company Strategy and Development Direction - The company plans to maintain or slightly grow production while allocating cash from operations to reduce debt [24] - The 2026 budget is based on $60 per barrel WTI and $3.50 per Mcf Henry Hub, with expected average annual sales ranging between 19,500 to 20,800 Boe per day [25] - The company aims to drill approximately 23-32 wells during the year, focusing on capital efficiency and reducing operating costs [26][27] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of the Iranian crisis and its impact on the oil market, emphasizing the company's strategic advantage in a volatile environment [29] - The new CFO expressed a commitment to protect the balance sheet and enhance free cash flow durability while positioning the company for growth [32] - Management noted that the stock price has nearly doubled since the exit of a former major shareholder, reflecting renewed investor confidence [38] Other Important Information - The company reduced its debt by $40 million since the Lime Rock acquisition, representing almost 60% of the debt incurred at closing [12] - The company has approximately 2.3 million barrels of oil hedged for 2026, covering about 48% of established oil sales [22] Q&A Session All Questions and Answers Question: Are you testing any new zones in the 2026 program? - Management confirmed they are testing new zones and have identified commercial targets for horizontal drilling, with encouraging results from initial tests [44][46] Question: Can you quantify the sale of non-operated properties? - The company sold 200 barrels a day of non-operated production for $4.5 million, approximately 4.5 times the next 12 months cash flow [57] Question: Are there other opportunities to sell non-core production? - Management indicated they are always looking for ways to accelerate value and pay down debt, but currently, there are limited non-core assets available for sale [59]

Financial Data and Key Metrics Changes - In Q4 2025, net income increased by $69 million quarter-over-quarter, benefiting from a $72 million gain from the midstream sale and $20 million of higher hedging gains [19][22] - Adjusted EBITDAX increased by 3% quarter-over-quarter to $66 million, with margins rising from 59% to 63% [20] - Debt decreased by $120 million quarter-over-quarter, resulting in a balance of $255 million as of December 31, 2025 [22][23] Business Line Data and Key Metrics Changes - Oil production increased by more than 1,700 barrels per day or 9% quarter-over-quarter, with a 26% increase compared to Q4 2024 [8][9] - Full year oil production increased by 15% year-over-year, while total equivalent production increased by 29% [9] - Development activity counts were down 28% year-over-year, with 18 net wells drilled in 2025 [10] Market Data and Key Metrics Changes - New Mexico oil production grew by 74% year-over-year, representing 34% of total company oil production in 2025, up from 23% in 2024 [11] - The company experienced pipeline maintenance constraints that pressured Waha pricing during Q4 2025 [17] Company Strategy and Development Direction - The company plans for over 20% year-over-year oil volume growth in 2026, with a focus on significant increases in activity and spending [6][14] - A stock repurchase program of up to $100 million was authorized, with approximately 152,000 shares repurchased at a weighted average price of $26.54 [5] - The company aims to replace 100% of its drilled locations annually through strategic land acquisitions [92] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2026, highlighting a strong financial position and asset base [7] - The company remains flexible to moderate activity and spending if the oil price environment deteriorates [6] - Management noted that the Silverback acquisition continues to exceed expectations, producing at a 65% higher oil rate than anticipated [12] Other Important Information - The company achieved a total recordable incident rate of zero in 2025, reflecting a strong safety performance [9] - Core cash operating costs decreased by 13% quarter-over-quarter, with significant contributions from workover expenses [18] Q&A Session Summary Question: Can you help us shape production cadence for 2026 and 2027? - Management indicated a forecasted dip in Q1 2026 due to downtime and deferred production, with expectations for a ramp-up in subsequent quarters [31] Question: How flexible is the capital allocation plan given current oil prices? - Management stated that while they have a solid plan for 2026, they have the flexibility to adjust rig operations based on market conditions [44] Question: Can you elaborate on completion optimization efforts? - Management discussed various strategies for completion optimization, including reduced sand usage and improved well performance [35][39] Question: Are there still opportunities for production optimization in New Mexico? - Management confirmed ongoing opportunities for optimization, including wellbore cleanouts and switching artificial lift methods [61] Question: How does the agreement with WaterBridge impact costs and efficiencies? - Management noted that while costs may increase, the agreement allows for full-scale development of the field [94]

Core Viewpoint - Kimbell Royalty reported strong fourth-quarter results, highlighting organic production growth, increased cash distributions, and a solid outlook for 2026, while maintaining a conservative balance sheet and exploring potential upside from the Barnett Woodford development across its Permian Basin acreage [3][4][17]. Financial Performance - Fourth-quarter general and administrative expenses totaled $10.4 million, with cash G&A at $2.63 per BOE, aligning with company guidance [1] - For the full year 2025, cash G&A was reported at $2.51 per BOE, below the midpoint of guidance due to operational discipline [1] - Kimbell's fourth-quarter revenues reached $76 million, with run-rate production at 25,627 BOE per day and Adjusted EBITDA of $64.8 million [2][6] - The company declared a quarterly cash distribution of $0.37 per unit, a 6% increase from the previous quarter, expected to be treated as a return of capital [6][7] Production and Reserves - Kimbell's production guidance for 2026 remains flat at a midpoint of 25,500 BOE per day, supported by an active rig count of 85 rigs, representing 16% of U.S. land rigs [4][10][11] - Proved developed reserves increased approximately 8% in 2025 to nearly 73 million BOE [5][9] Acquisitions and Capital Structure - In 2025, Kimbell completed a $230 million acquisition of mineral and royalty interests at Mabee Ranch, enhancing its position in the Permian Basin [5][8] - The company redeemed 50% of its Series A preferred units to simplify its capital structure and reduce costs [5][9] Market Conditions and Development Potential - Kimbell's management noted stable oil differentials and an increase in natural gas differentials from 18% to 24% quarter-over-quarter, attributed to seasonal factors [15] - The company is positioned to benefit from the Barnett Woodford development, with significant interest from major operators and potential for increased production without incurring drilling costs [17][18] Financial Flexibility and Debt Management - As of December 31, 2025, Kimbell had approximately $441.5 million in debt under its secured revolving credit facility, with a net debt to trailing twelve-month Adjusted EBITDA ratio of approximately 1.5x [13] - The company reaffirmed its borrowing base at $625 million and extended the maturity of its credit facility to December 16, 2030 [12][13]