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Complete financial analysis of Empire Petroleum Corporation (EP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Empire Petroleum Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Empire Petroleum Corporation (EP)
About Empire Petroleum Corporation
Empire 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.14M | 53.27M | 28.49M | 5.99M | 5.83M | 352.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.79K | 21.15K | 10.36K | 102.48K | 57.59K | 82.14K | 163.63K | 0.00 | 12.41K | 3.08K | 890.00K |
| Cost of Revenue | 34.77M | 29.48M | 4.61M | 3.46M | 3.73M | 36.72K | 0.00 | 0.00 | 9.28K | 35.89K | 36.76K | 14.75K | 22.06K | 178.17K | 120.25K | 188.04K | 89.52K | 161.47K | 0.00 | 92.09K | 161.26K | 157.43K | 30.91K | -2.08K | -2.08M |
| Gross Profit | 5.38M | 23.80M | 23.89M | 2.52M | 2.09M | 315.65K | 0.00 | 0.00 | -9.28K | -35.89K | -36.76K | -14.75K | -22.06K | -178.17K | -110.46K | -166.89K | -79.17K | -58.99K | 57.59K | -9.95K | 2.36K | -157.43K | -18.50K | 5.16K | 2.97M |
| Gross Profit Ratio | 13.39% | 44.67% | 83.84% | 42.16% | 35.95% | 89.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,127.80% | -788.91% | -764.44% | -57.57% | 100.00% | -12.11% | 1.44% | 0.00% | -149.10% | 167.50% | 333.60% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 15.18M | 12.33M | 8.46M | 7.37M | 3.63M | 1.23M | 757.07K | 196.60K | 165.65K | 154.33K | 191.07K | 198.94K | 0.00 | 232.00K | 209.67K | 274.18K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 217.37K | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.75K | 0.00 | 31.75K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.48K | 0.00 | 0.00 |
| SG&A | 15.18M | 12.33M | 8.46M | 7.37M | 3.63M | 1.23M | 757.07K | 196.60K | 165.65K | 186.08K | 191.07K | 230.69K | 222.13K | 232.00K | 209.67K | 274.18K | 1.42M | 252.35K | 247.36K | 212.06K | 271.08K | 223.74K | 219.85K | 138.10K | 184.85M |
| Other Expenses | 1.82M | 1.36M | 15.31M | 5.80M | 4.64M | 1.93K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 99.57K | 64.00 | -222.56K | 0.00 | 1.03K | 6.02K | -481.96K | 2.08K | 2.08M |
| Operating Expenses | 17.00M | 13.69M | 23.77M | 13.18M | 8.28M | 1.34M | 757.07K | 196.60K | 165.65K | 186.08K | 191.07K | 230.69K | 222.13K | 232.00K | 209.67K | 274.18K | 1.52M | 252.42K | 24.80K | 212.06K | 272.10K | 229.76K | -262.12K | 140.18K | 186.93M |
| Cost & Expenses | 51.70M | 43.17M | 28.38M | 16.64M | 12.01M | 1.38M | 757.07K | 196.60K | 174.92K | 221.96K | 227.82K | 245.43K | 244.19K | 410.17K | 329.93K | 462.22K | 1.61M | 413.88K | 24.80K | 304.15K | 433.37K | 387.19K | -231.20K | 138.10K | 184.85M |
| Interest Income | 0.00 | 509.54K | 8.60M | 521.19K | 503.61K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 11.00 | 3.56K | 1.52K | 0.00 | 0.00 | 148.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.92K | 0.00 | 0.00 |
| Interest Expense | 1.00M | 509.54K | 8.60M | 521.19K | 503.61K | 101.18K | 73.00K | 3.84K | 0.00 | 3.15K | 0.00 | 7.92K | 3.25K | 3.56K | 1.52K | 0.00 | 3.45K | 6.90K | 6.90K | 6.90K | 27.05K | 62.68K | 7.47K | 26.02K | 0.00 |
| Depreciation & Amortization | 3.52M | 3.57M | 3.85M | 4.05M | 3.66M | 17.46K | 757.07K | 196.60K | 174.92K | 190.21K | 227.82K | 1.00 | 11.00 | 4.44M | 105.74K | -4.41K | -320.44K | -192.00 | 338.53K | -166.00 | 1.03K | 4.15K | 5.26K | 2.08K | 2.08M |
| EBITDA | -8.08M | 13.03M | -6.16M | -12.27M | -2.49M | -898.49K | 0.00 | -378.08K | 0.00 | -43.22K | 0.00 | -245.43K | -244.18K | 1.81M | -214.39K | -441.07K | -319.54K | -311.41K | 32.79K | -169.21K | -268.71K | 12.61M | 248.88K | -132.94K | -181.88M |
| EBITDA Ratio | -20.13% | 21.29% | 10.62% | -125.35% | -48.63% | -287.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2,189.03% | -2,105.86% | -17,574.04% | -304.01% | 317.44% | -270.48% | 158.51% | 0.00% | 2,005.44% | -4,316.20% | 157,825.96% |
| Operating Income | -11.63M | 8.78M | 522.04K | -10.65M | -6.18M | -915.95K | -757.07K | -378.08K | -174.92K | -221.96K | -227.82K | -245.43K | -244.19K | -2.63M | -320.13K | -441.07K | -1.50M | -311.34K | -155.72K | -222.01K | -536.52K | -6.88M | 243.61K | -135.02K | -977.23M |
| Operating Income Ratio | -28.96% | 16.49% | 1.83% | -177.84% | -106.17% | -259.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3,268.64% | -2,085.02% | -14,479.78% | -303.82% | -270.41% | -270.28% | -327.89% | 0.00% | 1,963.04% | -4,383.70% | -109,800.67% |
| Total Other Income/Expenses | -976.71K | -1.49M | -18.14M | 747.57K | -503.61K | -101.18K | -73.00K | 192.77K | 0.00 | -14.62K | 0.00 | -7.92K | -3.24K | -2.22M | 104.22K | 4.41K | 117.85K | -6.69K | -2.47K | -22.48K | -21.57K | -60.81K | -243.61K | 0.00 | 977.23M |
| Income Before Tax | -12.60M | 7.29M | -18.61M | -16.84M | -6.65M | -1.02M | -830.07K | -381.92K | -174.92K | -236.59K | -227.82K | -253.35K | -247.43K | -4.85M | -425.87K | -436.66K | -1.28M | -311.22K | -158.19K | -228.74K | -558.09K | -6.94M | -244.17K | 0.00 | -2.56B |
| Income Before Tax Ratio | -31.39% | 13.69% | -65.34% | -281.11% | -114.23% | -288.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -4,348.25% | -2,064.18% | -12,347.00% | -303.70% | -274.69% | -278.48% | -341.08% | 0.00% | -1,967.51% | 0.00% | -288,062.70% |
| Income Tax Expense | -132.19K | 208.90K | 9.01M | 521.19K | 503.61K | 101.18K | -757.07K | -177.64K | -174.93K | -187.06K | -227.82K | 0.00 | 0.00 | -2.22M | -209.96K | 0.00 | 103.02K | 6.82K | -147.55K | 6.90K | 288.35K | -1.25M | 692.18K | 26.02K | 806.94M |
| Net Income | -12.47M | 7.08M | -27.62M | -17.36M | -7.16M | -1.02M | -830.07K | -381.92K | -174.92K | -236.59K | -227.82K | -253.35K | -247.43K | -2.63M | -215.91K | -436.66K | -1.38M | -318.03K | -158.19K | -228.74K | -558.09K | -5.69M | -244.17K | -161.03K | -990.90M |
| Net Income Ratio | -31.06% | 13.30% | -96.96% | -289.81% | -122.88% | -288.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2,204.50% | -2,064.18% | -13,341.79% | -310.35% | -274.69% | -278.48% | -341.08% | 0.00% | -1,967.51% | -5,228.34% | -111,337.30% |
| EPS | -0.55 | 0.34 | -7.55 | -3.06 | -1.44 | -0.31 | -0.31 | -0.18 | -0.08 | -0.12 | -0.12 | -0.13 | -0.14 | -1.57 | -0.17 | -0.37 | -1.23 | -0.33 | -0.19 | -0.29 | -0.78 | -11.43 | -0.57 | -0.53 | -3.41K |
| EPS Diluted | -0.55 | 0.30 | -7.55 | -3.06 | -1.44 | -0.31 | -0.31 | -0.18 | -0.08 | -0.12 | -0.12 | -0.13 | -0.14 | -1.57 | -0.17 | -0.37 | -1.23 | -0.33 | -0.19 | -0.29 | -0.78 | -11.43 | -0.57 | -0.53 | -3.41K |
| Weighted Avg Shares Out | 22.67M | 21.00M | 3.66M | 5.68M | 4.97M | 3.29M | 2.71M | 2.18M | 2.15M | 1.91M | 1.91M | 1.91M | 1.78M | 1.68M | 1.24M | 1.19M | 1.12M | 954.38K | 847.94K | 788.13K | 717.98K | 497.85K | 425.10K | 306.52K | 290.89K |
| Weighted Avg Shares Out (Dil) | 22.72M | 23.39M | 3.66M | 5.68M | 4.97M | 3.29M | 2.71M | 2.18M | 2.18M | 1.91M | 1.91M | 1.91M | 1.78M | 1.68M | 1.24M | 1.19M | 1.12M | 954.38K | 847.94K | 788.13K | 717.98K | 497.85K | 425.10K | 306.52K | 290.89K |
Empire Petroleum Increases Revolver Loan Facility with Equity Bank to $20 Million in Support of Strategic Growth Initiatives
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) (“Empire” or the “Company”) today announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank (Equity Bancshares, Inc. NYSE: EQBK), increasing the total principal commitment to...
Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 third quarter results and progress on its North Dakota...
Empire Petroleum Announces Full Subscription of Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its previously announced rights offering (the “Rights...
Empire Petroleum Announces Extension of Previously Announced Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has extended the expiration date of...
Empire Petroleum Announces Commencement of Previously Announced Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription...
Empire Petroleum Announces Record Date for Proposed Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the...
Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EP
NEW YORK--(BUSINESS WIRE)---- $EP #NYTop100--Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Empire Petroleum Corporation (“Empire” or the “Company”) (NYSE:EP) into potential breaches of fiduciary duty by the Company's Board of...
Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today provided an update on its North Dakota development drilling program and...
Empire Petroleum Announces Full Subscription of Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today its previously announced rights offering (the “Rights Offering”)...
Empire Petroleum Announces Modification of Terms of Previously Announced Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has modified the terms of its...
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