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Empire Petroleum Corporation (EP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Empire Petroleum Corporation (EP) stock price & volume — 10-year historical chart
Empire Petroleum Corporation (EP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Empire Petroleum Corporation (EP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.24 | $7M |
| Q4 2025 | Nov 17, 2025 | $0.12 | $9M |
| Q3 2025 | Aug 13, 2025 | $0.15 | $9M |
| Q2 2025 | May 14, 2025 | $0.13 | $9M |
Empire Petroleum Corporation (EP) competitors in U.S. conventional mature field operators — business model, growth, and fundamentals comparison
Empire Petroleum Corporation (EP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Empire Petroleum Corporation (EP) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 352.37K | 5.83M | 5.99M | 27.68M | 53.27M | 40.14M | 44.04M | 34.2M |
| Revenue Growth % | - | - | 1553.2% | 2.81% | 362.15% | 92.48% | -24.65% | 9.71% | -22.34% |
| Cost of Goods Sold | 757.07K | 36.72K | 3.73M | 3.46M | 17.89M | 29.48M | 34.77M | 40.57M | 40.81M |
| COGS % of Revenue | - | 10.42% | 64.05% | 57.84% | 64.63% | 55.33% | 86.61% | 92.13% | 119.32% |
| Gross Profit | 0▲ 0% | 315.65K▲ 0% | 2.09M▲ 563.4% | 2.52M▲ 20.6% | 9.79M▲ 287.7% | 23.8M▲ 143.1% | 5.38M▼ 77.4% | 3.47M▼ 35.5% | -6.61M▼ 290.6% |
| Gross Margin % | - | 89.58% | 35.95% | 42.16% | 35.37% | 44.67% | 13.39% | 7.87% | -19.32% |
| Gross Profit Growth % | - | - | 563.45% | 20.56% | 287.72% | 143.1% | -77.41% | -35.49% | -290.55% |
| Operating Expenses | 757.07K | 1.23M | 8.25M | 20.11M | 10.26M | 15.01M | 17M | 17.13M | 13.42M |
| OpEx % of Revenue | - | 349.63% | 141.54% | 335.75% | 37.08% | 28.18% | 42.35% | 38.9% | 39.23% |
| Selling, General & Admin | 757.07K | 1.23M | 3.63M | 7.37M | 8.46M | 12.33M | 15.18M | 14.74M | 11.99M |
| SG&A % of Revenue | - | 347.93% | 62.4% | 123.12% | 30.57% | 23.15% | 37.81% | 33.46% | 35.07% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 5.14K | 4.61M | 12.73M | 1.8M | 2.68M | 1.82M | 2.4M | 1.42M |
| Operating Income | -757K▲ 0% | -916K▼ 21.0% | -6.15M▼ 571.5% | -17.58M▼ 185.9% | -473.37K▲ 97.3% | 8.78M▲ 1955.6% | -11.63M▼ 232.3% | -13.66M▼ 17.5% | -20.03M▼ 46.5% |
| Operating Margin % | - | -259.95% | -105.59% | -293.59% | -1.71% | 16.49% | -28.96% | -31.03% | -58.55% |
| Operating Income Growth % | -284.26% | -21% | -571.51% | -185.86% | 97.31% | 1955.63% | -232.34% | -17.55% | -46.55% |
| EBITDA | 69 | -898.54K | -2.8M | -14.44M | 2.17M | 11M | -8.11M | -3.87M | -6.82M |
| EBITDA Margin % | - | -255% | -48.05% | -241.11% | 7.83% | 20.64% | -20.19% | -8.78% | -19.95% |
| EBITDA Growth % | 117.38% | -1302337.68% | -211.54% | -415.83% | 115% | 407.72% | -173.7% | 52.27% | -76.38% |
| D&A (Non-Cash Add-back) | 757.07K | 17.46K | 3.35M | 3.14M | 2.64M | 2.21M | 3.52M | 9.8M | 13.2M |
| EBIT | -757K | -916K | -6.15M | -16.31M | -10.01M | 7.8M | -11.6M | -14.68M | -20.03M |
| Net Interest Income | 0 | -101K | -503.61K | -521.19K | -8.6M | -509.54K | -1M | -1.52M | -1.55M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 73K | 101.18K | 503.61K | 521.19K | 8.6M | 509.54K | 1M | 1.52M | 1.55M |
| Other Income/Expense | -73K | -101K | -503.61K | 747.57K | -18.14M | -1.49M | -977K | -2.53M | -52.05M |
| Pretax Income | -830K▲ 0% | -1.02M▼ 22.5% | -6.65M▼ 554.3% | -16.84M▼ 153.0% | -18.61M▼ 10.6% | 7.29M▲ 139.2% | -12.6M▼ 272.8% | -16.2M▼ 28.5% | -72.07M▼ 345.0% |
| Pretax Margin % | - | -288.61% | -114.23% | -281.11% | -67.26% | 13.69% | -31.39% | -36.78% | -210.72% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 208.9K | -132K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 2.86% | 1.05% | 0% | 0% |
| Net Income | -830K▲ 0% | -1.02M▼ 22.5% | -6.65M▼ 554.3% | -16.84M▼ 153.0% | -18.61M▼ 10.6% | 7.08M▲ 138.1% | -12.47M▼ 276.0% | -16.2M▼ 29.9% | -72.07M▼ 345.0% |
| Net Margin % | - | -288.61% | -114.23% | -281.11% | -67.26% | 13.3% | -31.06% | -36.78% | -210.72% |
| Net Income Growth % | -117.28% | -22.53% | -554.34% | -152.99% | -10.57% | 138.06% | -276.03% | -29.9% | -344.96% |
| Net Income (Continuing) | -830K | -1.02M | -6.65M | -16.84M | -18.61M | 7.08M | -12.47M | -16.2M | -72.07M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.31▲ 0% | -0.31▲ 0.0% | -1.30▼ 319.4% | -2.96▼ 127.7% | -5.09▼ 72.0% | 0.30▲ 105.9% | -0.55▼ 283.3% | -0.54▲ 1.8% | -2.12▼ 292.6% |
| EPS Growth % | -72.22% | 0% | -319.35% | -127.69% | -71.96% | 105.89% | -283.33% | 1.82% | -292.59% |
| EPS (Basic) | -0.31 | -0.31 | -1.30 | -2.96 | -5.09 | 0.33 | -0.55 | -0.54 | -2.12 |
| Diluted Shares Outstanding | 2.71M | 3.29M | 4.97M | 5.68M | 3.66M | 23.82M | 22.73M | 30.07M | 34.06M |
| Basic Shares Outstanding | 2.71M | 3.29M | 4.97M | 5.68M | 3.66M | 21.39M | 22.73M | 30.07M | 34.06M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Empire Petroleum Corporation (EP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 77.78K | 367.5K | 1.71M | 2.22M | 13.12M | 22.73M | 18.74M | 12.35M | 8.18M |
| Cash & Short-Term Investments | 77.78K | 84.63K | 0 | 157.69K | 3.61M | 11.94M | 7.79M | 2.25M | 1.19M |
| Cash Only | 77.78K | 84.63K | 0 | 157.69K | 3.61M | 11.94M | 7.79M | 2.25M | 1.19M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 124.58K | 982.81K | 1.25M | 7.73M | 7.78M | 8.35M | 8.15M | 5.12M |
| Days Sales Outstanding | - | 129.04 | 61.58 | 76.28 | 101.99 | 53.3 | 75.97 | 67.58 | 54.66 |
| Inventory | 0 | 0 | 476.31K | 531.31K | 1.04M | 1.84M | 1.43M | 1.3M | 1.26M |
| Days Inventory Outstanding | - | - | 46.59 | 55.98 | 21.18 | 22.79 | 15.05 | 11.74 | 11.29 |
| Other Current Assets | 0 | 113.08K | 0 | 0 | 55.24K | 121.58K | 406.81K | 0 | 0 |
| Total Non-Current Assets | 300K | 1.63M | 9.31M | 9.03M | 36.97M | 48.81M | 73.87M | 111.52M | 57.69M |
| Property, Plant & Equipment | 0 | 1.63M | 9.31M | 8.23M | 30.68M | 45.31M | 72.4M | 110.09M | 1.49M |
| Fixed Asset Turnover | - | 0.22x | 0.63x | 0.73x | 0.90x | 1.18x | 0.55x | 0.40x | 23.02x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 300K | 0 | 0 | 0 | 4.81M | 2.78M | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 802.05K | 1.48M | 719.93K | 1.47M | 1.43M | 56.21M |
| Total Assets | 377.78K▲ 0% | 2M▲ 428.7% | 11.01M▲ 451.5% | 11.25M▲ 2.1% | 50.09M▲ 345.3% | 71.55M▲ 42.8% | 92.62M▲ 29.5% | 123.87M▲ 33.7% | 65.87M▼ 46.8% |
| Asset Turnover | - | 0.18x | 0.53x | 0.53x | 0.55x | 0.74x | 0.43x | 0.36x | 0.52x |
| Asset Growth % | -1.3% | 428.69% | 451.48% | 2.13% | 345.26% | 42.83% | 29.45% | 33.74% | -46.82% |
| Total Current Liabilities | 202.22K | 740.99K | 2.24M | 6.07M | 12.05M | 17.62M | 25.05M | 21.27M | 24.34M |
| Accounts Payable | 64.96K | 320.75K | 1.03M | 1.94M | 4.33M | 5.84M | 16.44M | 10.45M | 10.8M |
| Days Payables Outstanding | 31.32 | 3.19K | 100.33 | 204.17 | 88.34 | 72.36 | 172.57 | 94.03 | 96.58 |
| Short-Term Debt | 137.26K | 279.2K | 96.7K | 1.3M | 1.7M | 2.06M | 1.1M | 69.55K | 927K |
| Deferred Revenue (Current) | -64.96K | 0 | 1.1M | 2.7M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | -1.09M | -2.65M | 0 | 0 | 0 | 0 | 12.62M |
| Current Ratio | 0.38x | 0.50x | 0.76x | 0.37x | 1.09x | 1.29x | 0.75x | 0.58x | 0.34x |
| Quick Ratio | 0.38x | 0.50x | 0.55x | 0.28x | 1.00x | 1.19x | 0.69x | 0.52x | 0.28x |
| Cash Conversion Cycle | - | - | 7.85 | -71.91 | 34.83 | 3.74 | -81.55 | -14.71 | -30.64 |
| Total Non-Current Liabilities | 47.37K | 1.41M | 13.72M | 23.62M | 28.2M | 30.69M | 32.61M | 39.83M | 46.14M |
| Long-Term Debt | 47.37K | 1.18M | 7.72M | 7.72M | 6.91M | 5.14M | 4.6M | 11.27M | 14.43M |
| Capital Lease Obligations | 0 | 0 | 0 | 534.01K | 646.31K | 547.69K | 544.38K | 143.69K | 12K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 230.65K | 6M | 15.36M | 20.64M | 25M | 27.47M | 28.42M | 31.71M |
| Total Liabilities | 249.59K | 2.15M | 15.95M | 29.69M | 40.26M | 48.31M | 57.66M | 61.1M | 70.48M |
| Total Debt | 184.62K | 1.46M | 7.81M | 9.65M | 9.44M | 8M | 6.68M | 11.88M | 15.35M |
| Net Debt | 106.84K | 1.37M | 7.81M | 9.49M | 5.83M | -3.94M | -1.11M | 9.63M | 14.16M |
| Debt / Equity | 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 | -10.37x | -9.05x | -12.21x | -33.74x | -0.06x | 17.24x | -11.63x | -9.02x | -12.95x |
| Total Equity | 128.19K▲ 0% | -150.18K▼ 217.2% | -4.94M▼ 3188.4% | -18.44M▼ 273.4% | 9.83M▲ 153.3% | 23.24M▲ 136.3% | 34.96M▲ 50.4% | 62.77M▲ 79.6% | -4.61M▼ 107.3% |
| Equity Growth % | -57.46% | -217.15% | -3188.42% | -273.4% | 153.33% | 136.28% | 50.44% | 79.55% | -107.34% |
| Book Value per Share | 0.05 | -0.05 | -0.99 | -3.25 | 2.69 | 0.98 | 1.54 | 2.09 | -0.14 |
| Total Shareholders' Equity | 128.19K | -150.18K | -4.94M | -18.44M | 9.83M | 23.24M | 34.96M | 62.77M | -4.61M |
| Common Stock | 8.8K | 17.34K | 20.37K | 24.89K | 79.36K | 81.61K | 85.03K | 93.19K | 94K |
| Retained Earnings | -16.11M | -17.13M | -23.78M | -40.62M | -59.23M | -52.15M | -64.62M | -80.82M | -152.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.23K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Empire Petroleum Corporation (EP) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -235.96K | -564.89K | -592.33K | -1.72M | 3.17M | 18.06M | -9.89M | 6.16M | -3.95M |
| Operating CF Margin % | - | -160.31% | -10.17% | -28.77% | 11.45% | 33.89% | -24.63% | 13.98% | -11.54% |
| Operating CF Growth % | -188.24% | -139.4% | -4.86% | -190.93% | 283.97% | 469.53% | -154.76% | 162.27% | -164.09% |
| Net Income | -830.07K | -1.02M | -6.65M | -16.84M | -18.61M | 7.08M | -12.47M | -16.2M | -72.07M |
| Depreciation & Amortization | 0 | 17.46K | 3.66M | 4.05M | 3.85M | 2.21M | 5.28M | 12.3M | 469K |
| Stock-Based Compensation | 472.7K | 251.25K | 1.49M | 2.71M | 1.5M | 2.72M | 3.14M | 2.16M | 1.42M |
| Deferred Taxes | 0 | 0 | -5.15M | -6.75M | -5.36M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 532.76K | 225.21K | 5.54M | 14.03M | 24.07M | 5.27M | -288K | 1.42M | 63.39M |
| Working Capital Changes | 61.34K | 227.03K | 526.43K | 1.08M | -2.28M | 772.28K | -5.55M | 6.48M | 2.85M |
| Change in Receivables | 0 | -124.58K | -858.24K | -168.61K | -6.48M | -1.81M | -2.7M | -357.47K | 369K |
| Change in Inventory | 0 | 0 | -37.98K | 92.29K | -506.57K | -802.39K | -160.83K | 128.75K | 43K |
| Change in Payables | 0 | 255.78K | 704.84K | 891.7K | 2.21M | 526.68K | 751.36K | 5.02M | 541K |
| Cash from Investing | 0 | -916.58K | -6.17M | 856.29K | -24.72M | -11.41M | -14.77M | -53.87M | -4.61M |
| Capital Expenditures | 0 | -916.58K | -6.17M | -513.51K | -19.91M | -13.44M | -16.99M | -53.37M | -54K |
| CapEx % of Revenue | - | 260.11% | 105.98% | 8.57% | 71.92% | 25.24% | 42.34% | 121.19% | 0.16% |
| Acquisitions | 0 | 0 | 0 | 1.37M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 2.23M | -498.65K | -4.56M |
| Cash from Financing | 245K | 1.49M | 6.68M | 1.02M | 25M | 1.69M | 20.5M | 42.17M | 7.5M |
| Debt Issued (Net) | 127.5K | 1.2M | 6.51M | 499.66K | 13.71M | -1.7M | 8.04M | 11.06M | 4.36M |
| Equity Issued (Net) | 0 | 287.5K | 167K | 525K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 117.5K | 0 | 0 | 0 | 0 | 0 | 0 | 628.9K | 0 |
| Net Change in Cash | 9.04K▲ 0% | 6.85K▼ 24.2% | -84.63K▼ 1335.3% | 157.69K▲ 286.3% | 3.45M▲ 2090.4% | 8.33M▲ 141.2% | -4.15M▼ 149.8% | -5.54M▼ 33.5% | -1.06M▲ 80.8% |
| Free Cash Flow | -235.96K▲ 0% | -1.48M▼ 527.8% | -6.77M▼ 356.7% | -2.24M▲ 66.9% | -16.74M▼ 648.2% | 4.61M▲ 127.6% | -26.88M▼ 683.0% | -47.71M▼ 77.5% | -4M▲ 91.6% |
| FCF Margin % | - | -420.43% | -116.15% | -37.35% | -60.47% | 8.66% | -66.97% | -108.34% | -11.69% |
| FCF Growth % | -188.24% | -527.84% | -356.73% | 66.94% | -648.25% | 127.55% | -682.95% | -77.49% | 91.62% |
| FCF per Share | -0.09 | -0.45 | -1.36 | -0.39 | -4.58 | 0.19 | -1.18 | -1.59 | -0.12 |
| FCF Conversion (FCF/Net Income) | 0.28x | 0.56x | 0.09x | 0.10x | -0.17x | 2.55x | 0.79x | -0.38x | 0.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Empire Petroleum Corporation (EP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -155.04% | -386.43% | - | - | - | -189.29% | 42.84% | -42.86% | -33.15% | -247.85% |
| Return on Invested Capital (ROIC) | -63.58% | -215.66% | -94.42% | -225.4% | - | -10.58% | 37.69% | -32.82% | -19.29% | -36.65% |
| Gross Margin | - | - | 89.58% | 35.95% | 42.16% | 35.37% | 44.67% | 13.39% | 7.87% | -19.32% |
| Net Margin | - | - | -288.61% | -114.23% | -281.11% | -67.26% | 13.3% | -31.06% | -36.78% | -210.72% |
| 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 | -12.95x |
| FCF Conversion | 0.21x | 0.28x | 0.56x | 0.09x | 0.10x | -0.17x | 2.55x | 0.79x | -0.38x | 0.05x |
| Revenue Growth | - | - | - | 1553.2% | 2.81% | 362.15% | 92.48% | -24.65% | 9.71% | -22.34% |
Empire Petroleum Corporation (EP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 19, 2026·SEC
Mar 18, 2026·SEC
Mar 16, 2026·SEC
Empire Petroleum Corporation (EP) stock FAQ — growth, dividends, profitability & financials explained
Empire Petroleum Corporation (EP) reported $34.2M in revenue for fiscal year 2025. This represents a 3743% increase from $0.9M in 1999.
Empire Petroleum Corporation (EP) saw revenue decline by 22.3% over the past year.
Empire Petroleum Corporation (EP) reported a net loss of $72.1M for fiscal year 2025.
Empire Petroleum Corporation (EP) has a return on equity (ROE) of -247.9%. Negative ROE indicates the company is unprofitable.
Empire Petroleum Corporation (EP) had negative free cash flow of $1.4M in fiscal year 2025, likely due to heavy capital investments.
Empire Petroleum Corporation (EP) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates