Empire Petroleum Corp (EP) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Empire Petroleum reported revenue of $34.2M, down 21.6% from $43.7M the year before. Net income was -$72.1M (a -210.7% net margin), or -$2.12 per diluted share. Operating margin was -208.5%. Operating activities generated -$3.9M of cash. At fiscal year end, Empire Petroleum held $65.9M in total assets against $70.5M in total liabilities, including $1.2M of cash and equivalents.
Open the full interactive Empire Petroleum financials → Quarterly statements, key ratios, valuation history and price charts.
Empire Petroleum Key Stats
| Share Price | $3.30 |
|---|---|
| Market Cap | $136.2M |
| Revenue YoY Growth | -21.6% |
| 52-Week Range | $2.10 – $4.03 |
| Shares Outstanding | 41.3 million (basic, 2026 Q2) |
Empire Petroleum Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.7M | $27.9M | $52.9M | $40.1M | $43.7M | $34.2M |
| Operating Income | -$17.6M | -$473,370 | $8.8M | -$11.6M | -$13.7M | -$71.3M |
| Pre-Tax Income | -$16.8M | -$18.6M | $7.3M | -$12.6M | -$16.2M | -$72.1M |
| Income Tax | — | — | $208,898 | -$132,192 | — | — |
| Net Income | -$16.8M | -$18.6M | $7.1M | -$12.5M | -$16.2M | -$72.1M |
| Diluted EPS | -$2.96 | -$1.27 | $0.30 | -$0.55 | -$0.54 | -$2.12 |
Empire Petroleum Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $9.4M | $7.1M | $5.1M | $9.5M |
| Net Income | -$3.8M | -$59.0M | -$6.6M | -$1.9M |
| Diluted EPS | -$0.11 | -$1.73 | -$0.18 | -$0.05 |
Empire Petroleum Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $157,695 | $3.6M | $11.9M | $7.8M | $2.3M | $1.2M |
| Current Assets | $2.2M | $13.1M | $22.7M | $18.7M | $12.4M | $8.2M |
| Total Assets | $11.2M | $50.1M | $71.5M | $92.6M | $123.9M | $65.9M |
| Current Liabilities | $6.1M | $12.1M | $17.6M | $25.0M | $21.3M | $24.3M |
| Total Long-Term Debt | $534,009 | $646,311 | $4.6M | $544,382 | $11.3M | $1.7M |
| Total Liabilities | $29.7M | $40.3M | $48.3M | $57.7M | $61.1M | $70.5M |
| Shareholders' Equity | -$18.4M | $9.8M | $23.2M | $35.0M | $62.8M | -$4.6M |
Empire Petroleum Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.7M | $3.2M | $18.1M | -$9.9M | $6.2M | -$3.9M |
| Cash From Investing | $856,290 | -$24.7M | -$11.4M | -$14.8M | -$53.9M | -$4.6M |
| Cash From Financing | $1.0M | $25.0M | $1.7M | $20.5M | $42.2M | $7.5M |
| Free Cash Flow | — | — | — | -$12.0M | $4.1M | — |
Figures from Empire Petroleum's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Empire Petroleum financials page for every line item.
Empire Petroleum Company Profile
| Ticker | EP |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Tulsa, Oklahoma |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000887396 |
Frequently Asked Questions
What was Empire Petroleum's revenue in fiscal 2025?
Empire Petroleum (EP) reported revenue of $34.2M for fiscal 2025.
What is Empire Petroleum's annual revenue history?
Empire Petroleum's annual revenue by fiscal year: 2020: $7.7M; 2021: $27.9M; 2022: $52.9M; 2023: $40.1M; 2024: $43.7M; 2025: $34.2M.
What was Empire Petroleum's net income in fiscal 2025?
Empire Petroleum reported net income of -$72.1M for fiscal 2025.
What was Empire Petroleum's earnings per share (EPS) in fiscal 2025?
Empire Petroleum's diluted EPS was -$2.12 for fiscal 2025 (adjusted for any later stock splits).
What was Empire Petroleum's revenue last quarter?
In its most recent reported quarter (2026 Q2), Empire Petroleum reported revenue of $9.5M.
How much debt does Empire Petroleum have?
Empire Petroleum reported $1.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Empire Petroleum are outstanding?
Empire Petroleum reported a weighted average of 41.3 million basic shares outstanding in 2026 Q2.
What is Empire Petroleum's market cap?
Based on its latest closing price, Empire Petroleum (EP) has a market capitalization of about $136.2M.
When does Empire Petroleum's fiscal year end?
Empire Petroleum's fiscal year end, as registered with the SEC, is December 31.
Where is Empire Petroleum headquartered?
Empire Petroleum lists its business address in Tulsa, Oklahoma in its SEC filings.