Empire Petroleum Corporation (EP)

Empire Petroleum Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	39.41	40.08	52.89	27.09	7.73	5.86
Revenue Growth (YoY)	-21.98%	-24.22%	95.21%	250.58%	31.89%	1158.79%
Cost of Revenue	32.61	31.67	27.53	15.39	5.22	4.72
Gross Profit	6.8	8.41	25.36	11.71	2.51	1.14
Selling, General & Admin	15.03	15.18	12.33	8.46	7.37	3.63
Other Operating Expenses	5.56	4.85	4.24	3.72	12.72	3.66
Operating Expenses	20.6	20.03	16.58	12.18	20.09	7.29
Operating Income	-13.8	-11.63	8.78	-0.47	-17.58	-6.15
Interest Expense / Income	1.08	1	0.51	8.6	0.52	0.5
Other Expense / Income	-0.76	-0.02	0.98	9.54	-1.27	-
Pretax Income	-14.12	-12.6	7.29	-18.61	-16.84	-6.65
Income Tax	-0.13	-0.13	0.21	0	0	0
Net Income	-13.99	-12.47	7.08	-18.61	-16.84	-6.65
Shares Outstanding (Basic)	26	23	21	15	6	5
Shares Outstanding (Diluted)	26	23	23	15	6	5
Shares Change	16.25%	-2.86%	59.86%	157.71%	14.30%	51.08%
EPS (Basic)	-0.59	-0.55	0.34	-1.27	-2.97	-1.32
EPS (Diluted)	-0.59	-0.55	0.30	-1.27	-2.97	-1.32
Free Cash Flow	-33.23	-27.43	4.61	-16.74	-0.87	-6.77
Free Cash Flow Per Share	-1.29	-1.21	0.22	-1.14	-0.15	-1.36
Gross Margin	17.25%	20.98%	47.95%	43.21%	32.48%	19.49%
Operating Margin	-35.02%	-29.01%	16.61%	-1.75%	-227.53%	-104.98%
Profit Margin	-35.49%	-31.11%	13.39%	-68.71%	-217.85%	-113.58%
Free Cash Flow Margin	-84.32%	-68.45%	8.72%	-61.78%	-11.22%	-115.49%
Effective Tax Rate	-	-	2.86%	-	-	-
EBITDA	-8.59	-8.08	10.02	-7.37	-13.17	-2.8
EBITDA Margin	-21.80%	-20.16%	18.94%	-27.22%	-170.44%	-47.78%
Depreciation & Amortization	4.45	3.52	2.21	2.64	3.14	3.35
EBIT	-13.04	-11.6	7.8	-10.01	-16.31	-6.15
EBIT Margin	-33.09%	-28.95%	14.75%	-36.96%	-211.11%	-104.98%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).