What move does the options market price into Epsilon Energy's report?

Implied ±19.4%, either direction.

EPSNNasdaqCrude Petroleum & Natural Gas

Epsilon Energy Ltd. (EPSN) earnings date, market-implied expected move, and options open interest by expiry

6.15

−0.31 · −4.80%

Closed15:59 ET

Open6.15Volume34,958Mkt cap$195.6MEPS-0.24

Day6.08 – 6.15100%52-wk4.07 – 6.5185%

EPSN

Epsilon Energy Ltd.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±19.4%implied · straddle

4.877.21

spot 6.04exp Nov 20ATM strike 5ATM straddle 1.38IV 110%

Nov 2 close

Expected move

Inputs

Next report

Nov 9

in 6 days

est.Q3 FY26

Calendar

Next report

Last report

−15.46%

vs ±18.8% implied · ×0.82

shaded = implied · ▲▼ = realized

Aug 13 '25 · confirmed

Implied vs realized

Largest filed tie

68.40%

of EPSN revenue · HF Sinclair Refining & Marketing

customerEPSN 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−0.41%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

101 managers

Top fund weight

0.00%

EPSN weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Epsilon Energy (EPSN) is expected to report on Nov 9 (estimated date).

Implied vs realized

1 report

—≥ implied

Q3 FY25Aug 13 '25confirmed±18.8%▼−15.46%×0.82

quarterimplied−20%0+20%realized×

Q3 FY25±18.8%▼−15.46%×0.82

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 2 expiries · Oct 28 close

0.03OI · 2 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

180%Nov 2017d5940%

0—Feb 19108d0.001190%0.00

ExpiryPutsCallsP/C

Nov 2017d180%5940%0.03

Feb 19108d0—1190%0.00

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±19.4%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Customers 1

WMB±3.2%×0.16

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

39.06%as filednet margin · revenue −28.65% QoQ · +57.09% YoY

Revenue

$18M−28.65% QoQ

Gross profit

$18M−28.99% QoQ

97.22% margin

Operating income

$8M−22.47% QoQ

45.88% margin

Pre-tax income

$10M+858.99% QoQ

Net income

$7M+877.96% QoQ

39.06% margin

Cost of revenue

$508,475−14.46% QoQ

Operating expenses

$9M−33.96% QoQ

Other operating $7M

SG&A $4M

Depreciation $3M

Tax

$2M+807.32% QoQ

Other income

$1M+112.07% QoQ

Revenue$18M−28.65%

Gross profit

$18M−28.99%

97.22% margin

Operating income

$8M−22.47%

45.88% margin

Pre-tax income

$10M+858.99%

Net income

$7M+877.96%

39.06% margin

Cost of revenue

$508,475−14.46%

Operating expenses

$9M−33.96%

Other operating $7M

SG&A $4M

Depreciation $3M

Other income$1M+112.07%

Tax$2M+807.32%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

PPI ×1.43· ±2.4% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.4%2 of 10×1.43

CPIconsumer prices±2.0%8 of 10×1.21

GDPgross domestic product±1.8%9 of 19×1.09

CPROFcorporate profits±1.7%9 of 12×1.01

PCEpersonal income & outlays±1.7%9 of 19×0.98

NFPjobs report±1.6%3 of 10×0.96

FOMCrate decision±1.4%13 of 24×0.81

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.23 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	0.23	—
Q1 FY26	—	0.02	—
Q3 FY25	Aug 13 '25 · confirmed	0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod