Epsilon Energy Ltd.

good morning everyone and welcome to the epsilon energy 2025 year-end earnings conference call all participants will be in a listen-only mode should you need assistance please signal a conference specialist by pressing the star key followed by zero after today's presentation there will be an opportunity to ask questions to ask a question you may press star and then one on a touchtone phone to withdraw your questions you may press star and two Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Andrew Williamson, CFO. Please go ahead.

Thank you, operator, and on behalf of the management team, I would like to welcome all of you to today's conference call to review Epsilon's full year and fourth quarter 2025 financial and operational results. Before we begin, I would like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause Epsilon's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures. With that, I would like to turn the call over to Jason Stabell, our Chief Executive Officer.

Thank you, Andrew. Good morning, everyone, and thank you for joining us. With me today are Andrew Williamson, our CFO, and Henry Clanton, our COO. We will be available to answer questions later in the call. Epsilon delivered a standout year, growing adjusted EBITDA 75% and production 54% year over year. In the fourth quarter, we closed the acquisition of the peak companies, bringing us new production, more than 100 net high rate of return drilling locations, largely held by production undeveloped acreage, and a highly experienced Powder River Basin operating team. Through a combination of development drilling and the peak acquisition, we achieved 69% growth in proved developed producing reserves and an 86% increase in total proved reserves. The Board recently declared our 17th consecutive quarterly dividend and renewed the share buyback program covering up to 10% of shares outstanding, underscoring our commitment to returning capital to shareholders. Looking at 2026 to date, our portfolio is performing exceptionally well. In late January, we realized extremely favorable natural gas pricing in Pennsylvania, generating over $4.8 million in net natural gas sales in a single week, including sales one day at over $66 per mm BTU. Our current PDP production is approximately 60% hedged for the rest of the year. But importantly, the incremental oil volumes we expect to add through the drill bit starting in the second quarter are unhedged, providing meaningful upside exposure. I would like to add that our past commentary on the acquired Powder River Basin assets has focused on the very attractive high rate of return parkman inventory, but I need to remind investors that we also acquired several hundred locations in the Niobrara and Maui formations that are the focus of activity for most of our offset operators in the basin. While the average expected returns in these formations are currently below the parkman This inventory represents a material wedge of value that we acquired at less than $250,000 per location. We expect the returns on this inventory to improve dramatically as we scale operations and extend lateral links, particularly if oil prices remain at levels above $70. Epsilon is now positioned as a unique multi-year organic growth story, with strong visibility into per share growth in EPS, EBITDA, and production over the next few years, while maintaining a fixed dividend and targeting an average annual leverage ratio below 1.5 times. Thank you for your continued support. I'll now turn it over to Andrew and Henry for additional comments.