एषः he alone, भूतेषु among beings, सुप्तेषु in sleep, परिनिष्ठितः pervades, जागर्ति awake, एषःचैव he alone, अग्निहोत्रं च is fire sacrifice, अग्निहोत्रिणाम् of fire sacrifice, फलं च fruits

"He alone pervades the created beings and remains awake in sleep. He alone is the fire sacrifice as well as the fruits obtained from fire sacrifice.