Empire Petroleum Corporation (EP) 10-Year Financial Performance & Capital Metrics

EP • • Industrial / General

EnergyOil & Gas E&PConventional Onshore E&PSmall-Scale Diversified Operators

AboutEmpire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.Show more

Revenue $44M +9.7%
EBITDA -$4M +52.3%
Net Income -$16M -29.9%
EPS (Diluted) -0.54 +1.8%
Gross Margin 7.87% -41.2%
EBITDA Margin -8.78% +56.5%
Operating Margin -31.03% -7.1%
Net Margin -36.78% -18.4%
ROE -33.15% +22.6%
ROIC -19.29% +41.2%
Debt/Equity 0.19 -0.9%
Interest Coverage -9.02 +22.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 49.9%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Shares diluted 32.3% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y49.87%

3Y16.74%

TTM-15.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM19.05%

ROCE

10Y Avg-105.79%

5Y Avg-54.06%

3Y Avg-5.36%

Latest-16.06%

Peer Comparison

Small-Scale Diversified Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MXCMexco Energy Corporation	20.5M	10.02	12.37	11.4%	22.47%	8.71%	4.16%	0.01
HUSAHouston American Energy Corp.	79.74M	2.16	-0.30	-29.45%	-28.45%	-65.55%		0.02
EPEmpire Petroleum Corporation	112.24M	3.22	-5.96	9.71%	-46.51%	-32.27%		0.19

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	352.37K	5.83M	5.99M	27.68M	53.27M	40.14M	44.04M
Revenue Growth %	-	-	-	-	15.53%	0.03%	3.62%	0.92%	-0.25%	0.1%
Cost of Goods Sold+	9.28K	378.08K	757.07K	36.72K	3.73M	3.46M	17.89M	29.48M	34.77M	40.57M
COGS % of Revenue	-	-	-	0.1%	0.64%	0.58%	0.65%	0.55%	0.87%	0.92%
Gross Profit+	-9.28K	0	0	315.65K	2.09M	2.52M	9.79M	23.8M	5.38M	3.47M
Gross Margin %	-	-	-	0.9%	0.36%	0.42%	0.35%	0.45%	0.13%	0.08%
Gross Profit Growth %	0.74%	1%	-	-	5.63%	0.21%	2.88%	1.43%	-0.77%	-0.35%
Operating Expenses+	165.65K	196.6K	757.07K	1.23M	8.25M	20.11M	10.26M	15.01M	17M	17.13M
OpEx % of Revenue	-	-	-	3.5%	1.42%	3.36%	0.37%	0.28%	0.42%	0.39%
Selling, General & Admin	165.65K	196.6K	757.07K	1.23M	3.63M	7.37M	8.46M	12.33M	15.18M	14.74M
SG&A % of Revenue	-	-	-	3.48%	0.62%	1.23%	0.31%	0.23%	0.38%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	5.14K	4.61M	12.73M	1.8M	2.68M	1.82M	2.4M
Operating Income+	-175K	-197K	-757K	-916K	-6.15M	-17.58M	-473.37K	8.78M	-11.63M	-13.66M
Operating Margin %	-	-	-	-2.6%	-1.06%	-2.94%	-0.02%	0.16%	-0.29%	-0.31%
Operating Income Growth %	0.21%	-0.13%	-2.84%	-0.21%	-5.72%	-1.86%	0.97%	19.56%	-2.32%	-0.18%
EBITDA+	-76	-397	69	-898.54K	-2.8M	-14.44M	2.17M	11M	-8.11M	-3.87M
EBITDA Margin %	-	-	-	-2.55%	-0.48%	-2.41%	0.08%	0.21%	-0.2%	-0.09%
EBITDA Growth %	1%	-4.22%	1.17%	-13023.38%	-2.12%	-4.16%	1.15%	4.08%	-1.74%	0.52%
D&A (Non-Cash Add-back)	174.92K	196.6K	757.07K	17.46K	3.35M	3.14M	2.64M	2.21M	3.52M	9.8M
EBIT	-175K	-197K	-757K	-916K	-6.15M	-16.31M	-10.01M	7.8M	-11.6M	-14.68M
Net Interest Income+	0	0	0	-101K	-503.61K	-521.19K	-8.6M	-509.54K	-1M	-1.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	3.84K	73K	101.18K	503.61K	521.19K	8.6M	509.54K	1M	1.52M
Other Income/Expense	156.37K	-185K	-73K	-101K	-503.61K	747.57K	-18.14M	-1.49M	-977K	-2.53M
Pretax Income+	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.29M	-12.6M	-16.2M
Pretax Margin %	-	-	-	-2.89%	-1.14%	-2.81%	-0.67%	0.14%	-0.31%	-0.37%
Income Tax+	-175K	0	0	0	0	0	0	208.9K	-132K	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	0.97%	0.99%	1%
Net Income+	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Net Margin %	-	-	-	-2.89%	-1.14%	-2.81%	-0.67%	0.13%	-0.31%	-0.37%
Net Income Growth %	0.26%	-1.18%	-1.17%	-0.23%	-5.54%	-1.53%	-0.11%	1.38%	-2.76%	-0.3%
Net Income (Continuing)	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	-0.18	-0.31	-0.31	-1.30	-2.96	-5.09	0.30	-0.55	-0.54
EPS Growth %	0.33%	-1.24%	-0.72%	0%	-3.19%	-1.28%	-0.72%	1.06%	-2.83%	0.02%
EPS (Basic)	-0.08	-0.18	-0.31	-0.31	-1.30	-2.96	-5.09	0.33	-0.55	-0.54
Diluted Shares Outstanding	2.18M	2.18M	2.71M	3.29M	4.97M	5.68M	3.66M	23.82M	22.73M	30.07M
Basic Shares Outstanding	2.15M	2.18M	2.71M	3.29M	4.97M	5.68M	3.66M	21.39M	22.73M	30.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	18.11K	82.74K	77.78K	367.5K	1.71M	2.22M	13.12M	22.73M	18.74M	12.35M
Cash & Short-Term Investments	18.11K	68.74K	77.78K	84.63K	0	157.69K	3.61M	11.94M	7.79M	2.25M
Cash Only	18.11K	68.74K	77.78K	84.63K	0	157.69K	3.61M	11.94M	7.79M	2.25M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	124.58K	982.81K	1.25M	7.73M	7.78M	8.35M	8.15M
Days Sales Outstanding	-	-	-	129.04	61.58	76.28	101.99	53.3	75.97	67.58
Inventory	0	0	0	0	476.31K	531.31K	1.04M	1.84M	1.43M	1.3M
Days Inventory Outstanding	-	-	-	-	46.59	55.98	21.18	22.79	15.05	11.74
Other Current Assets	0	0	0	113.08K	0	0	55.24K	121.58K	406.81K	0
Total Non-Current Assets+	181.47K	300K	300K	1.63M	9.31M	9.03M	36.97M	48.81M	73.87M	111.52M
Property, Plant & Equipment	0	0	0	1.63M	9.31M	8.23M	30.68M	45.31M	72.4M	110.09M
Fixed Asset Turnover	-	-	-	0.22x	0.63x	0.73x	0.90x	1.18x	0.55x	0.40x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	181.47K	300K	300K	0	0	0	4.81M	2.78M	0	0
Other Non-Current Assets	0	0	0	0	0	802.05K	1.48M	719.93K	1.47M	1.43M
Total Assets+	199.58K	382.74K	377.78K	2M	11.01M	11.25M	50.09M	71.55M	92.62M	123.87M
Asset Turnover	-	-	-	0.18x	0.53x	0.53x	0.55x	0.74x	0.43x	0.36x
Asset Growth %	2432.9%	0.92%	-0.01%	4.29%	4.51%	0.02%	3.45%	0.43%	0.29%	0.34%
Total Current Liabilities+	8.18K	22.52K	202.22K	740.99K	2.24M	6.07M	12.05M	17.62M	25.05M	21.27M
Accounts Payable	8.18K	22.52K	64.96K	320.75K	1.03M	1.94M	4.33M	5.84M	16.44M	10.45M
Days Payables Outstanding	321.68	21.74	31.32	3.19K	100.33	204.17	88.34	72.36	172.57	94.03
Short-Term Debt	0	0	137.26K	279.2K	96.7K	1.3M	1.7M	2.06M	1.1M	69.55K
Deferred Revenue (Current)	0	0	-64.96K	0	1000K	1000K	0	0	0	0
Other Current Liabilities	0	0	0	0	-1.09M	-2.65M	0	0	0	0
Current Ratio	2.21x	3.67x	0.38x	0.50x	0.76x	0.37x	1.09x	1.29x	0.75x	0.58x
Quick Ratio	2.21x	3.67x	0.38x	0.50x	0.55x	0.28x	1.00x	1.19x	0.69x	0.52x
Cash Conversion Cycle	-	-	-	-	7.85	-71.91	34.83	3.74	-81.55	-14.71
Total Non-Current Liabilities+	0	58.84K	47.37K	1.41M	13.72M	23.62M	28.2M	30.69M	32.61M	39.83M
Long-Term Debt	0	58.84K	47.37K	1.18M	7.72M	7.72M	6.91M	5.14M	4.6M	11.27M
Capital Lease Obligations	0	0	0	0	0	534.01K	646.31K	547.69K	544.38K	143.69K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	230.65K	6M	15.36M	20.64M	25M	27.47M	28.42M
Total Liabilities	8.18K	81.36K	249.59K	2.15M	15.95M	29.69M	40.26M	48.31M	57.66M	61.1M
Total Debt+	0	58.84K	184.62K	1.46M	7.81M	9.65M	9.44M	8M	6.68M	11.88M
Net Debt	-18.11K	-9.9K	106.84K	1.37M	7.81M	9.49M	5.83M	-3.94M	-1.11M	9.63M
Debt / Equity	-	0.20x	1.44x	-	-	-	0.96x	0.34x	0.19x	0.19x
Debt / EBITDA	-	-	2675.68x	-	-	-	4.36x	0.73x	-	-
Net Debt / EBITDA	-	-	1548.43x	-	-	-	2.69x	-0.36x	-	-
Interest Coverage	-	-51.34x	-10.37x	-9.05x	-12.21x	-33.74x	-0.06x	17.24x	-11.63x	-9.02x
Total Equity+	191.41K	301.38K	128.19K	-150.18K	-4.94M	-18.44M	9.83M	23.24M	34.96M	62.77M
Equity Growth %	1311.99%	0.57%	-0.57%	-2.17%	-31.88%	-2.73%	1.53%	1.36%	0.5%	0.8%
Book Value per Share	0.09	0.14	0.05	-0.05	-0.99	-3.25	2.69	0.98	1.54	2.09
Total Shareholders' Equity	191.41K	301.38K	128.19K	-150.18K	-4.94M	-18.44M	9.83M	23.24M	34.96M	62.77M
Common Stock	8.71K	8.71K	8.8K	17.34K	20.37K	24.89K	79.36K	81.61K	85.03K	93.19K
Retained Earnings	-14.9M	-15.28M	-16.11M	-17.13M	-23.78M	-40.62M	-59.23M	-52.15M	-64.62M	-80.82M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	2K	3.23K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-116.98K	-81.86K	-235.96K	-564.89K	-592.33K	-1.72M	3.17M	18.06M	-9.89M	6.16M
Operating CF Margin %	-	-	-	-1.6%	-0.1%	-0.29%	0.11%	0.34%	-0.25%	0.14%
Operating CF Growth %	0.24%	0.3%	-1.88%	-1.39%	-0.05%	-1.91%	2.84%	4.7%	-1.55%	1.62%
Net Income	-174.92K	-381.92K	-830.07K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Depreciation & Amortization	0	0	0	17.46K	3.66M	4.05M	3.85M	2.21M	5.28M	12.3M
Stock-Based Compensation	50K	115.66K	472.7K	251.25K	1.49M	2.71M	1.5M	2.72M	3.14M	2.16M
Deferred Taxes	0	0	0	0	-5.15M	-6.75M	-5.36M	0	0	0
Other Non-Cash Items	50K	299.71K	532.76K	225.21K	5.54M	14.03M	24.07M	5.27M	-288K	1.42M
Working Capital Changes	7.95K	344	61.34K	227.03K	526.43K	1.08M	-2.28M	772.28K	-5.55M	6.48M
Change in Receivables	0	0	0	-124.58K	-858.24K	-168.61K	-6.48M	-1.81M	-2.7M	-357.47K
Change in Inventory	0	0	0	0	-37.98K	92.29K	-506.57K	-802.39K	-160.83K	128.75K
Change in Payables	7.95K	0	0	255.78K	704.84K	891.7K	2.21M	526.68K	751.36K	5.02M
Cash from Investing+	0	0	0	-916.58K	-6.17M	856.29K	-24.72M	-11.41M	-14.77M	-53.87M
Capital Expenditures	0	0	0	-916.58K	-6.17M	-513.51K	-19.91M	-13.44M	-16.99M	-53.37M
CapEx % of Revenue	-	-	-	2.6%	1.06%	0.09%	0.72%	0.25%	0.42%	1.21%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	2.23M	-498.65K
Cash from Financing+	135K	132.5K	245K	1.49M	6.68M	1.02M	25M	1.69M	20.5M	42.17M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	117.5K	0	0	0	0	0	0	628.9K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-116.98K	-81.86K	-235.96K	-1.48M	-6.77M	-2.24M	-16.74M	4.61M	-26.88M	-47.71M
FCF Margin %	-	-	-	-4.2%	-1.16%	-0.37%	-0.6%	0.09%	-0.67%	-1.08%
FCF Growth %	0.24%	0.3%	-1.88%	-5.28%	-3.57%	0.67%	-6.48%	1.28%	-6.83%	-0.77%
FCF per Share	-0.05	-0.04	-0.09	-0.45	-1.36	-0.39	-4.58	0.19	-1.18	-1.59
FCF Conversion (FCF/Net Income)	0.67x	0.21x	0.28x	0.56x	0.09x	0.10x	-0.17x	2.55x	0.79x	-0.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-183%	-155.04%	-386.43%	-	-	-	-189.29%	42.84%	-42.86%	-33.15%
Return on Invested Capital (ROIC)	-151.67%	-63.58%	-215.66%	-94.42%	-225.4%	-	-10.58%	37.69%	-32.82%	-19.29%
Gross Margin	-	-	-	89.58%	35.95%	42.16%	35.37%	44.67%	13.39%	7.87%
Net Margin	-	-	-	-288.61%	-114.23%	-281.11%	-67.26%	13.3%	-31.06%	-36.78%
Debt / Equity	-	0.20x	1.44x	-	-	-	0.96x	0.34x	0.19x	0.19x
Interest Coverage	-	-51.34x	-10.37x	-9.05x	-12.21x	-33.74x	-0.06x	17.24x	-11.63x	-9.02x
FCF Conversion	0.67x	0.21x	0.28x	0.56x	0.09x	0.10x	-0.17x	2.55x	0.79x	-0.38x
Revenue Growth	-	-	-	-	1553.2%	2.81%	362.15%	92.48%	-24.65%	9.71%

Frequently Asked Questions

Growth & Financials

Empire Petroleum Corporation (EP) reported $37.2M in revenue for fiscal year 2024.

Empire Petroleum Corporation (EP) grew revenue by 9.7% over the past year. This is steady growth.

Empire Petroleum Corporation (EP) reported a net loss of $17.3M for fiscal year 2024.

Dividend & Returns

Empire Petroleum Corporation (EP) has a return on equity (ROE) of -33.2%. Negative ROE indicates the company is unprofitable.

Empire Petroleum Corporation (EP) had negative free cash flow of $15.2M in fiscal year 2024, likely due to heavy capital investments.

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Empire Petroleum Corporation (EP) 10-Year Financial Performance & Capital Metrics

EP • • Industrial / General

EnergyOil & Gas E&PConventional Onshore E&PSmall-Scale Diversified Operators

Revenue $44M +9.7%
EBITDA -$4M +52.3%
Net Income -$16M -29.9%
EPS (Diluted) -0.54 +1.8%
Gross Margin 7.87% -41.2%
EBITDA Margin -8.78% +56.5%
Operating Margin -31.03% -7.1%
Net Margin -36.78% -18.4%
ROE -33.15% +22.6%
ROIC -19.29% +41.2%
Debt/Equity 0.19 -0.9%
Interest Coverage -9.02 +22.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 49.9%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Shares diluted 32.3% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y49.87%

3Y16.74%

TTM-15.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM19.05%

ROCE

10Y Avg-105.79%

5Y Avg-54.06%

3Y Avg-5.36%

Latest-16.06%

Peer Comparison

Small-Scale Diversified Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MXCMexco Energy Corporation	20.5M	10.02	12.37	11.4%	22.47%	8.71%	4.16%	0.01
HUSAHouston American Energy Corp.	79.74M	2.16	-0.30	-29.45%	-28.45%	-65.55%		0.02
EPEmpire Petroleum Corporation	112.24M	3.22	-5.96	9.71%	-46.51%	-32.27%		0.19

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	352.37K	5.83M	5.99M	27.68M	53.27M	40.14M	44.04M
Revenue Growth %	-	-	-	-	15.53%	0.03%	3.62%	0.92%	-0.25%	0.1%
Cost of Goods Sold+	9.28K	378.08K	757.07K	36.72K	3.73M	3.46M	17.89M	29.48M	34.77M	40.57M
COGS % of Revenue	-	-	-	0.1%	0.64%	0.58%	0.65%	0.55%	0.87%	0.92%
Gross Profit+	-9.28K	0	0	315.65K	2.09M	2.52M	9.79M	23.8M	5.38M	3.47M
Gross Margin %	-	-	-	0.9%	0.36%	0.42%	0.35%	0.45%	0.13%	0.08%
Gross Profit Growth %	0.74%	1%	-	-	5.63%	0.21%	2.88%	1.43%	-0.77%	-0.35%
Operating Expenses+	165.65K	196.6K	757.07K	1.23M	8.25M	20.11M	10.26M	15.01M	17M	17.13M
OpEx % of Revenue	-	-	-	3.5%	1.42%	3.36%	0.37%	0.28%	0.42%	0.39%
Selling, General & Admin	165.65K	196.6K	757.07K	1.23M	3.63M	7.37M	8.46M	12.33M	15.18M	14.74M
SG&A % of Revenue	-	-	-	3.48%	0.62%	1.23%	0.31%	0.23%	0.38%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	5.14K	4.61M	12.73M	1.8M	2.68M	1.82M	2.4M
Operating Income+	-175K	-197K	-757K	-916K	-6.15M	-17.58M	-473.37K	8.78M	-11.63M	-13.66M
Operating Margin %	-	-	-	-2.6%	-1.06%	-2.94%	-0.02%	0.16%	-0.29%	-0.31%
Operating Income Growth %	0.21%	-0.13%	-2.84%	-0.21%	-5.72%	-1.86%	0.97%	19.56%	-2.32%	-0.18%
EBITDA+	-76	-397	69	-898.54K	-2.8M	-14.44M	2.17M	11M	-8.11M	-3.87M
EBITDA Margin %	-	-	-	-2.55%	-0.48%	-2.41%	0.08%	0.21%	-0.2%	-0.09%
EBITDA Growth %	1%	-4.22%	1.17%	-13023.38%	-2.12%	-4.16%	1.15%	4.08%	-1.74%	0.52%
D&A (Non-Cash Add-back)	174.92K	196.6K	757.07K	17.46K	3.35M	3.14M	2.64M	2.21M	3.52M	9.8M
EBIT	-175K	-197K	-757K	-916K	-6.15M	-16.31M	-10.01M	7.8M	-11.6M	-14.68M
Net Interest Income+	0	0	0	-101K	-503.61K	-521.19K	-8.6M	-509.54K	-1M	-1.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	3.84K	73K	101.18K	503.61K	521.19K	8.6M	509.54K	1M	1.52M
Other Income/Expense	156.37K	-185K	-73K	-101K	-503.61K	747.57K	-18.14M	-1.49M	-977K	-2.53M
Pretax Income+	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.29M	-12.6M	-16.2M
Pretax Margin %	-	-	-	-2.89%	-1.14%	-2.81%	-0.67%	0.14%	-0.31%	-0.37%
Income Tax+	-175K	0	0	0	0	0	0	208.9K	-132K	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	0.97%	0.99%	1%
Net Income+	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Net Margin %	-	-	-	-2.89%	-1.14%	-2.81%	-0.67%	0.13%	-0.31%	-0.37%
Net Income Growth %	0.26%	-1.18%	-1.17%	-0.23%	-5.54%	-1.53%	-0.11%	1.38%	-2.76%	-0.3%
Net Income (Continuing)	-175K	-382K	-830K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	-0.18	-0.31	-0.31	-1.30	-2.96	-5.09	0.30	-0.55	-0.54
EPS Growth %	0.33%	-1.24%	-0.72%	0%	-3.19%	-1.28%	-0.72%	1.06%	-2.83%	0.02%
EPS (Basic)	-0.08	-0.18	-0.31	-0.31	-1.30	-2.96	-5.09	0.33	-0.55	-0.54
Diluted Shares Outstanding	2.18M	2.18M	2.71M	3.29M	4.97M	5.68M	3.66M	23.82M	22.73M	30.07M
Basic Shares Outstanding	2.15M	2.18M	2.71M	3.29M	4.97M	5.68M	3.66M	21.39M	22.73M	30.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	18.11K	82.74K	77.78K	367.5K	1.71M	2.22M	13.12M	22.73M	18.74M	12.35M
Cash & Short-Term Investments	18.11K	68.74K	77.78K	84.63K	0	157.69K	3.61M	11.94M	7.79M	2.25M
Cash Only	18.11K	68.74K	77.78K	84.63K	0	157.69K	3.61M	11.94M	7.79M	2.25M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	124.58K	982.81K	1.25M	7.73M	7.78M	8.35M	8.15M
Days Sales Outstanding	-	-	-	129.04	61.58	76.28	101.99	53.3	75.97	67.58
Inventory	0	0	0	0	476.31K	531.31K	1.04M	1.84M	1.43M	1.3M
Days Inventory Outstanding	-	-	-	-	46.59	55.98	21.18	22.79	15.05	11.74
Other Current Assets	0	0	0	113.08K	0	0	55.24K	121.58K	406.81K	0
Total Non-Current Assets+	181.47K	300K	300K	1.63M	9.31M	9.03M	36.97M	48.81M	73.87M	111.52M
Property, Plant & Equipment	0	0	0	1.63M	9.31M	8.23M	30.68M	45.31M	72.4M	110.09M
Fixed Asset Turnover	-	-	-	0.22x	0.63x	0.73x	0.90x	1.18x	0.55x	0.40x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	181.47K	300K	300K	0	0	0	4.81M	2.78M	0	0
Other Non-Current Assets	0	0	0	0	0	802.05K	1.48M	719.93K	1.47M	1.43M
Total Assets+	199.58K	382.74K	377.78K	2M	11.01M	11.25M	50.09M	71.55M	92.62M	123.87M
Asset Turnover	-	-	-	0.18x	0.53x	0.53x	0.55x	0.74x	0.43x	0.36x
Asset Growth %	2432.9%	0.92%	-0.01%	4.29%	4.51%	0.02%	3.45%	0.43%	0.29%	0.34%
Total Current Liabilities+	8.18K	22.52K	202.22K	740.99K	2.24M	6.07M	12.05M	17.62M	25.05M	21.27M
Accounts Payable	8.18K	22.52K	64.96K	320.75K	1.03M	1.94M	4.33M	5.84M	16.44M	10.45M
Days Payables Outstanding	321.68	21.74	31.32	3.19K	100.33	204.17	88.34	72.36	172.57	94.03
Short-Term Debt	0	0	137.26K	279.2K	96.7K	1.3M	1.7M	2.06M	1.1M	69.55K
Deferred Revenue (Current)	0	0	-64.96K	0	1000K	1000K	0	0	0	0
Other Current Liabilities	0	0	0	0	-1.09M	-2.65M	0	0	0	0
Current Ratio	2.21x	3.67x	0.38x	0.50x	0.76x	0.37x	1.09x	1.29x	0.75x	0.58x
Quick Ratio	2.21x	3.67x	0.38x	0.50x	0.55x	0.28x	1.00x	1.19x	0.69x	0.52x
Cash Conversion Cycle	-	-	-	-	7.85	-71.91	34.83	3.74	-81.55	-14.71
Total Non-Current Liabilities+	0	58.84K	47.37K	1.41M	13.72M	23.62M	28.2M	30.69M	32.61M	39.83M
Long-Term Debt	0	58.84K	47.37K	1.18M	7.72M	7.72M	6.91M	5.14M	4.6M	11.27M
Capital Lease Obligations	0	0	0	0	0	534.01K	646.31K	547.69K	544.38K	143.69K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	230.65K	6M	15.36M	20.64M	25M	27.47M	28.42M
Total Liabilities	8.18K	81.36K	249.59K	2.15M	15.95M	29.69M	40.26M	48.31M	57.66M	61.1M
Total Debt+	0	58.84K	184.62K	1.46M	7.81M	9.65M	9.44M	8M	6.68M	11.88M
Net Debt	-18.11K	-9.9K	106.84K	1.37M	7.81M	9.49M	5.83M	-3.94M	-1.11M	9.63M
Debt / Equity	-	0.20x	1.44x	-	-	-	0.96x	0.34x	0.19x	0.19x
Debt / EBITDA	-	-	2675.68x	-	-	-	4.36x	0.73x	-	-
Net Debt / EBITDA	-	-	1548.43x	-	-	-	2.69x	-0.36x	-	-
Interest Coverage	-	-51.34x	-10.37x	-9.05x	-12.21x	-33.74x	-0.06x	17.24x	-11.63x	-9.02x
Total Equity+	191.41K	301.38K	128.19K	-150.18K	-4.94M	-18.44M	9.83M	23.24M	34.96M	62.77M
Equity Growth %	1311.99%	0.57%	-0.57%	-2.17%	-31.88%	-2.73%	1.53%	1.36%	0.5%	0.8%
Book Value per Share	0.09	0.14	0.05	-0.05	-0.99	-3.25	2.69	0.98	1.54	2.09
Total Shareholders' Equity	191.41K	301.38K	128.19K	-150.18K	-4.94M	-18.44M	9.83M	23.24M	34.96M	62.77M
Common Stock	8.71K	8.71K	8.8K	17.34K	20.37K	24.89K	79.36K	81.61K	85.03K	93.19K
Retained Earnings	-14.9M	-15.28M	-16.11M	-17.13M	-23.78M	-40.62M	-59.23M	-52.15M	-64.62M	-80.82M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	2K	3.23K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-116.98K	-81.86K	-235.96K	-564.89K	-592.33K	-1.72M	3.17M	18.06M	-9.89M	6.16M
Operating CF Margin %	-	-	-	-1.6%	-0.1%	-0.29%	0.11%	0.34%	-0.25%	0.14%
Operating CF Growth %	0.24%	0.3%	-1.88%	-1.39%	-0.05%	-1.91%	2.84%	4.7%	-1.55%	1.62%
Net Income	-174.92K	-381.92K	-830.07K	-1.02M	-6.65M	-16.84M	-18.61M	7.08M	-12.47M	-16.2M
Depreciation & Amortization	0	0	0	17.46K	3.66M	4.05M	3.85M	2.21M	5.28M	12.3M
Stock-Based Compensation	50K	115.66K	472.7K	251.25K	1.49M	2.71M	1.5M	2.72M	3.14M	2.16M
Deferred Taxes	0	0	0	0	-5.15M	-6.75M	-5.36M	0	0	0
Other Non-Cash Items	50K	299.71K	532.76K	225.21K	5.54M	14.03M	24.07M	5.27M	-288K	1.42M
Working Capital Changes	7.95K	344	61.34K	227.03K	526.43K	1.08M	-2.28M	772.28K	-5.55M	6.48M
Change in Receivables	0	0	0	-124.58K	-858.24K	-168.61K	-6.48M	-1.81M	-2.7M	-357.47K
Change in Inventory	0	0	0	0	-37.98K	92.29K	-506.57K	-802.39K	-160.83K	128.75K
Change in Payables	7.95K	0	0	255.78K	704.84K	891.7K	2.21M	526.68K	751.36K	5.02M
Cash from Investing+	0	0	0	-916.58K	-6.17M	856.29K	-24.72M	-11.41M	-14.77M	-53.87M
Capital Expenditures	0	0	0	-916.58K	-6.17M	-513.51K	-19.91M	-13.44M	-16.99M	-53.37M
CapEx % of Revenue	-	-	-	2.6%	1.06%	0.09%	0.72%	0.25%	0.42%	1.21%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	2.23M	-498.65K
Cash from Financing+	135K	132.5K	245K	1.49M	6.68M	1.02M	25M	1.69M	20.5M	42.17M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	117.5K	0	0	0	0	0	0	628.9K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-116.98K	-81.86K	-235.96K	-1.48M	-6.77M	-2.24M	-16.74M	4.61M	-26.88M	-47.71M
FCF Margin %	-	-	-	-4.2%	-1.16%	-0.37%	-0.6%	0.09%	-0.67%	-1.08%
FCF Growth %	0.24%	0.3%	-1.88%	-5.28%	-3.57%	0.67%	-6.48%	1.28%	-6.83%	-0.77%
FCF per Share	-0.05	-0.04	-0.09	-0.45	-1.36	-0.39	-4.58	0.19	-1.18	-1.59
FCF Conversion (FCF/Net Income)	0.67x	0.21x	0.28x	0.56x	0.09x	0.10x	-0.17x	2.55x	0.79x	-0.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-183%	-155.04%	-386.43%	-	-	-	-189.29%	42.84%	-42.86%	-33.15%
Return on Invested Capital (ROIC)	-151.67%	-63.58%	-215.66%	-94.42%	-225.4%	-	-10.58%	37.69%	-32.82%	-19.29%
Gross Margin	-	-	-	89.58%	35.95%	42.16%	35.37%	44.67%	13.39%	7.87%
Net Margin	-	-	-	-288.61%	-114.23%	-281.11%	-67.26%	13.3%	-31.06%	-36.78%
Debt / Equity	-	0.20x	1.44x	-	-	-	0.96x	0.34x	0.19x	0.19x
Interest Coverage	-	-51.34x	-10.37x	-9.05x	-12.21x	-33.74x	-0.06x	17.24x	-11.63x	-9.02x
FCF Conversion	0.67x	0.21x	0.28x	0.56x	0.09x	0.10x	-0.17x	2.55x	0.79x	-0.38x
Revenue Growth	-	-	-	-	1553.2%	2.81%	362.15%	92.48%	-24.65%	9.71%

Frequently Asked Questions

Growth & Financials

Empire Petroleum Corporation (EP) reported $37.2M in revenue for fiscal year 2024.

Empire Petroleum Corporation (EP) grew revenue by 9.7% over the past year. This is steady growth.

Empire Petroleum Corporation (EP) reported a net loss of $17.3M for fiscal year 2024.

Dividend & Returns

Empire Petroleum Corporation (EP) has a return on equity (ROE) of -33.2%. Negative ROE indicates the company is unprofitable.

Empire Petroleum Corporation (EP) had negative free cash flow of $15.2M in fiscal year 2024, likely due to heavy capital investments.