Empire Petroleum Corp
EP- Exchange
- NYSE
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0000887396
In the last 90 days, Empire Petroleum Corp insiders filed 5 open-market purchases and 1 sale; 37 institutions reported holding it in 13F filings for Q2 2026, worth $6.14M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:50 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $72.1M (210.7% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | Feb 23, 2024 | – | – |
| Revenue | $34.2M | $43.7M | $40.1M | $52.9M | $27.9M |
| Operating expenses | $105.5M | $57.3M | $51.7M | $44.1M | $28.4M |
| Selling, general and administrative | $13.4M | $14.7M | $15.2M | $12.3M | $8.46M |
| Operating income | -$71.3M | -$13.7M | -$11.6M | $8.78M | -$473.4K |
| Income tax | – | – | -$132.2K | $208.9K | – |
| Net income | -$72.1M | -$16.2M | -$12.5M | $7.08M | -$18.6M |
| EPS, basic | $-2.12 | $-0.54 | $-0.55 | $0.34 | – |
| EPS, diluted | $-2.12 | $-0.54 | $-0.55 | $0.30 | – |
| Weighted shares, basic | 34.1M | 30.1M | 22.7M | 21.0M | – |
| Weighted shares, diluted | 34.1M | 30.1M | 22.7M | 23.4M | – |
| Margins and growth | |||||
| Operating margin | -208.5% | -31.3% | -29.0% | 16.6% | -1.7% |
| Net margin | -210.7% | -37.1% | -31.1% | 13.4% | -66.7% |
| Revenue growth, year over year | −21.6% | +8.9% | −24.2% | +89.5% | +261.1% |
| Net income growth, year over year | – | – | −276.0% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | Feb 23, 2024 | – | – |
| Cash and equivalents | $1.19M | $2.25M | $7.79M | $11.9M | $3.61M |
| Accounts receivable | $5.12M | $8.15M | $8.35M | $7.78M | $7.73M |
| Inventory | $1.26M | $1.30M | $1.43M | $1.84M | $1.04M |
| Total current assets | $8.18M | $12.4M | $18.7M | $22.7M | $13.1M |
| Property, plant and equipment | $56.3M | $110.1M | $72.4M | $45.3M | $30.7M |
| Total assets | $65.9M | $123.9M | $92.6M | $71.5M | $50.1M |
| Accounts payable | $10.8M | $10.5M | $16.4M | $5.84M | $4.33M |
| Short-term debt | $641.0K | $11.3M | $5.70M | $4.06M | – |
| Total current liabilities | $24.3M | $21.3M | $25.0M | $17.6M | $12.1M |
| Long-term debt | – | $11.3M | – | – | – |
| Total liabilities | $70.5M | $61.1M | $57.7M | $48.3M | $40.3M |
| Shareholders' equity | -$4.61M | $62.8M | $35.0M | $23.2M | $9.83M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | Feb 23, 2024 | – | – |
| Operating cash flow | -$3.95M | $6.16M | -$9.89M | $18.1M | $3.17M |
| Depreciation and amortization | $10.6M | $9.26M | $3.10M | $1.95M | $2.50M |
| Stock-based compensation | $1.42M | $2.16M | – | – | – |
| Investing cash flow | -$4.61M | -$53.9M | -$14.8M | -$11.4M | -$24.7M |
| Financing cash flow | $7.50M | $42.2M | $20.5M | $1.69M | $25.0M |
| Net change in cash | -$1.06M | – | – | $8.33M | – |
| Ratio | |||||
| Stock-based compensation, % of revenue | 4.2% | 4.9% | – | – | – |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 11, 2026 | 41.6M | +23.2% | SEC |
| May 11, 2026 | 39.8M | +18.0% | SEC |
| Mar 10, 2026 | 35.4M | +5.1% | SEC |
| Nov 12, 2025 | 34.9M | +3.6% | SEC |
| Aug 8, 2025 | 33.8M | +7.6% | SEC |
| May 9, 2025 | 33.7M | +11.0% | SEC |
| Mar 25, 2025 | 33.7M | +31.5% | SEC |
| Nov 8, 2024 | 33.6M | +46.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.