Empire Petroleum Corporation (EP)

Empire Petroleum Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	37.84	43.99	40.07	53.17	27.5	5.55
Other Revenue	0.04	0.05	0.07	0.1	0.17	0.09
Revenue	37.88	44.04	40.14	53.27	27.68	5.64
Revenue Growth (YoY)	-12.42%	9.71%	-24.65%	92.48%	390.50%	3.62%
Cost of Revenue	27.54	31.32	31.67	27.53	15.39	4.87
Gross Profit	10.34	12.72	8.47	25.75	12.29	0.77
Selling, General & Admin	14.47	14.74	15.18	12.33	8.46	7.37
Other Operating Expenses	2.11	2.4	1.82	1.75	1.8	-0.81
Operating Expenses	26.67	26.39	20.1	16.96	12.76	9.68
Operating Income	-16.33	-13.67	-11.63	8.78	-0.47	-8.91
Interest Expense	-1.29	-1.52	-1	-0.51	-8.6	-0.52
Other Non Operating Income (Expenses)	0.31	-1.02	0.02	-0.98	-4.36	-
EBT Excluding Unusual Items	-17.31	-16.2	-12.6	7.29	-13.44	-9.43
Gain (Loss) on Sale of Assets	-	-	-	-	-	1.27
Asset Writedown	-	-	-	-	-	-8.67
Other Unusual Items	-	-	-	-	-5.18	-
Pretax Income	-17.31	-16.2	-12.6	7.29	-18.61	-16.84
Income Tax Expense	-	-	-0.13	0.21	-	-
Net Income	-17.31	-16.2	-12.47	7.08	-18.61	-16.84
Net Income to Common	-17.31	-16.2	-12.47	7.08	-18.61	-16.84
Shares Outstanding (Basic)	34	30	23	21	15	6
Shares Outstanding (Diluted)	34	30	23	23	15	6
Shares Change (YoY)	21.36%	32.33%	-2.86%	59.86%	157.71%	14.30%
EPS (Basic)	-0.51	-0.54	-0.55	0.34	-1.27	-2.97
EPS (Diluted)	-0.52	-0.54	-0.55	0.30	-1.27	-2.97
Free Cash Flow	-18.1	-47.21	-26.88	4.88	-16.6	-2.24
Free Cash Flow Per Share	-0.54	-1.57	-1.18	0.21	-1.13	-0.39
Gross Margin	27.30%	28.89%	21.11%	48.33%	44.41%	13.66%
Operating Margin	-43.12%	-31.03%	-28.96%	16.49%	-1.71%	-157.93%
Profit Margin	-45.71%	-36.78%	-31.06%	13.30%	-67.25%	-298.35%
Free Cash Flow Margin	-47.80%	-107.21%	-66.97%	9.16%	-59.96%	-39.64%
EBITDA	-4.13	-2.4	-6.77	13.03	3.24	-4.84
EBITDA Margin	-10.90%	-5.46%	-16.87%	24.45%	11.72%	-85.75%
D&A For EBITDA	12.2	11.26	4.85	4.24	3.72	4.07
EBIT	-16.33	-13.67	-11.63	8.78	-0.47	-8.91
EBIT Margin	-43.12%	-31.03%	-28.96%	16.49%	-1.71%	-157.93%
Effective Tax Rate	-	-	-	2.86%	-	-
Revenue as Reported	37.23	43.65	40.08	52.89	27.09	7.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q