Epsilon Energy Ltd. (EPSN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 2.28% of current shares
Recent Dilution: 37.49% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
30M
Potential Supply
690K
Additional shares possible
Splits
None
Past 2 years

Summary

EPSN currently has 30.2M outstanding shares. with limited dilution risk as only 688K additional shares (2.3%) are authorized for issuance. The company has significantly diluted shareholders by 37.49% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 30.2M shares outstanding

30M 690K
Mar 27, 2026

10-K filing | 30.2M shares outstanding

30M 690K
Jan 13, 2026

S-3 filing: This is an S-3 filing for Epsilon Energy Ltd. to offer and sell common shares, preferred shares, debt securities, warrants, rights and units up to $100,000,000.

30M 1M
Jan 13, 2026

S-3 filing: This is an S-3 filing for the offer and sale of 7,916,336 common shares by selling shareholders of Epsilon Energy Ltd.

22M 8.9M
Nov 20, 2025

8-K filing: Epsilon Energy Ltd. issued 2,234,847 additional Common Shares on November 20, 2025, as consideration for transactions related to the Peak BLM Agreement, relying on an exemption from registration requirements.

22M 990K
Nov 14, 2025

8-K filing: Epsilon Energy Ltd. consummated the acquisition of Peak E&P and Peak BLM, issuing 5,591,372 and 90,117 common shares, respectively, as part of the purchase price. An additional 2,500,000 shares or $6,500,000 in cash may be issued based on regulatory approvals.

22M 990K
Nov 05, 2025

10-Q filing | 22.0M shares outstanding

22M 990K
Aug 13, 2025

8-K filing: Epsilon Energy Ltd. will issue 5,800,000 common shares to Peak Exploration & Production, LLC for the purchase of membership interests in Peak E&P, and will issue 200,000 common shares to Yorktown Energy Partners XI, L.P. for the purchase of membership interests in Peak BLM, with a potential for up to 2,500,000 additional common shares or $6,500,000 in cash based on regulatory approvals.

22M 1M
Aug 13, 2025

10-Q filing | 22.0M shares outstanding

22M 990K
May 14, 2025

10-Q filing | 22.0M shares outstanding

22M 1M
Mar 19, 2025

10-K filing | 21.9M shares outstanding

22M 1.1M
Nov 06, 2024

10-Q filing | 21.9M shares outstanding

22M 1.1M
Aug 13, 2024

10-Q filing | 21.9M shares outstanding

22M 1.1M
May 08, 2024

10-Q filing | 22.0M shares outstanding

22M 1M
Mar 21, 2024

10-K filing | 22.5M shares outstanding

23M 500K
Nov 09, 2023

10-Q filing | 22.1M shares outstanding

22M 890K
Aug 11, 2023

10-Q filing | 22.8M shares outstanding

23M 230K
May 11, 2023

10-Q filing | 23.0M shares outstanding

23M 0
Mar 24, 2023

10-K filing | 23.3M shares outstanding

23M 0
Jan 17, 2023

S-3 filing: The company is filing an S-3 to register the offering of common shares, preferred shares, debt securities, warrants, rights and units that include any of these securities.

23M 0
Nov 10, 2022

10-Q filing | 23.0M shares outstanding

23M 0
Aug 12, 2022

10-Q filing | 23.6M shares outstanding

24M 0
May 12, 2022

10-Q filing | 23.7M shares outstanding

24M 0
Mar 24, 2022

10-K filing | 23.9M shares outstanding

24M 0
Nov 12, 2021

10-Q filing | 23.8M shares outstanding

24M 0
Aug 12, 2021

10-Q filing | 23.8M shares outstanding

24M 0
May 06, 2021

10-Q filing | 23.8M shares outstanding

24M 0
Mar 25, 2021

10-K filing | 24.0M shares outstanding

24M 0
Nov 10, 2020

10-Q filing | 23.9M shares outstanding

24M 0
Aug 13, 2020

10-Q filing | 23.8M shares outstanding

24M 0
May 13, 2020

10-Q filing | 27.4M shares outstanding

27M 0
Mar 18, 2020

10-K filing | 27.5M shares outstanding

27M 0
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