EPSN — what changed in the latest 10-Q
A section-by-section comparison of EPSN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +29 | −23 | ~20 | 22 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 4 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 5 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
On May 4, 2026, the Company divested certain overriding royalty interests (ORRIs) in Susquehanna Co, Pennsylvania to an undisclosed private buyer for $3.9 million. The assets covered 940 gross acres and 90 producing Marcellus wells with an average net revenue interest of 0.25% per well.
●During the three months ended June 30, 2026, Epsilon's realized natural gas price was $2.01 per Mcf, a 21% decrease over the three months ended June 30, 2025. During the six months ended June 30, 2026, Epsilon's realized natural gas price was $4.06 per Mcf, a 26% increase over the six months ended …
●During the three months ended June 30, 2026, Epsilon’s net revenue interest natural gas production was 1.8 Bcf, a 32% decrease over the three months ended June 30, 2025. During the six months ended June 30, 2026, Epsilon’s net revenue interest natural gas production was 3.9 Bcf, a 26% decrease over…
●Gathered and delivered 7.7 Bcf gross (2.7 net to Epsilon's interest) during the three months ended June 30, 2026, or 85 MMcf/d through the Auburn Gas Gathering System. Gathered and delivered 17.3 Bcf gross (6.1 net to Epsilon's interest) during the six months ended June 30, 2026, or 95.6 MMcf/d thr…
●During the three months ended June 30, 2026, Epsilon's realized price for all Powder River Basin production was $61.28 per Boe (75% liquids). During the six months ended June 30, 2026, Epsilon's realized price for all Powder River Basin production was $55.20 per Boe (74% liquids).
Text removed vs the prior filing · source: 10-Q · 2026-05-13
●During the three months ended March 31, 2026, Epsilon's realized natural gas price was $5.77 per Mcf, a 47% increase over the three months ended March 31, 2025.
●During the three months ended March 31, 2026, Epsilon’s net revenue interest natural gas production was 2.1 Bcf, a 19% increase over the three months ended March 31, 2025.
●Gathered and delivered 9.6 Bcf gross (3.3 net to Epsilon's interest) during the three months ended March 31, 2026, or 107 MMcf/d through the Auburn Gas Gathering System.
●During the three months ended March 31, 2026, Epsilon's realized price for all Powder River Basin production was $49.84 per Boe (74% liquids).
●Total net revenue interest production for the three months ended March 31, 2026, which included oil, natural gas liquids, and natural gas, was 179.6 Mboe
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice