Empire Petroleum Corporation (EP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
EP Revenue Analysis (2013–2024)
As of March 2, 2026, Empire Petroleum Corporation (EP) generated trailing twelve-month (TTM) revenue of $37.2 million, reflecting significant decline in growth of -13.9% year-over-year. The most recent quarter (Q3 2025) recorded $9.4 million in revenue, up 7.2% sequentially.
Looking at the longer-term picture, EP's 5-year compound annual growth rate (CAGR) stands at +49.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $53.3 million in 2022.
When compared to Energy sector peers including CRC (+33.9% YoY), CRGY (+22.1% YoY), and MNR (+11.6% YoY), EP has underperformed the peer group in terms of revenue growth. Compare EP vs CRC →
Peer Comparison
Compare EP's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EPCurrent | $37M | -13.9% | +49.9% | -31.0% | |
| CRC | $3.0B | +33.9% | +1.9% | 22.0% | |
| CRGY | $3.6B | +22.1% | +36.5% | 6.4% | |
| MNR | $970M | +11.6% | - | 30.0% | |
| TXO | $283M | +27.7% | - | -2.4% | |
| SD | $125M | +29.7% | -14.0% | 26.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $44.0M | +9.7% | $3.5M | 7.9% | $-13,665,000 | -31.0% |
| 2023 | $40.1M | -24.7% | $5.4M | 13.4% | $-11,625,000 | -29.0% |
| 2022 | $53.3M | +92.5% | $23.8M | 44.7% | $8.8M | 16.5% |
| 2021 | $27.7M | +362.2% | $9.8M | 35.4% | $-473,370 | -1.7% |
| 2020 | $6.0M | +2.8% | $2.5M | 42.2% | $-17,583,006 | -293.6% |
| 2019 | $5.8M | +1553.2% | $2.1M | 35.9% | $-6,150,995 | -105.6% |
| 2018 | $352K | - | $316K | 89.6% | $-916,000 | -260.0% |
| 2017 | $0 | - | $0 | - | $-757,000 | - |
| 2016 | $0 | - | $0 | - | $-197,000 | - |
| 2015 | $0 | - | $-9,276 | - | $-175,000 | - |
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Start ComparisonFrequently Asked Questions
Is EP's revenue growth accelerating or slowing?
EP revenue declined -13.9% year-over-year, contrasting with the 5-year CAGR of +49.9%. TTM revenue fell to $37M. This reverses the prior growth trend.
What is EP's long-term revenue growth rate?
Empire Petroleum Corporation's 5-year revenue CAGR of +49.9% reflects the variable expansion pattern. Current YoY growth of -13.9% is below this long-term average.
How is EP's revenue distributed by segment?
EP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.