Empire Petroleum Corporation (EP)

Empire Petroleum Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.29	2.25	7.79	11.94	3.61	0.16
Cash & Short-Term Investments	2.29	2.25	7.79	11.94	3.61	0.16
Cash Growth	-75.23%	-71.11%	-34.76%	230.70%	2190.42%	-
Receivables	10.17	8.15	8.35	7.78	7.73	1.25
Inventory	1.3	1.3	1.43	1.84	1.04	0.53
Prepaid Expenses	0.76	0.64	0.76	1.05	0.68	0.28
Other Current Assets	-	-	0.41	0.12	0.06	-
Total Current Assets	14.52	12.35	18.74	22.73	13.12	2.22
Property, Plant & Equipment	108.91	110.09	72.4	45.31	30.68	8.23
Other Long-Term Assets	1.23	1.43	1.47	3.5	6.29	0.8
Total Assets	124.66	123.87	92.62	71.55	50.09	11.25
Accounts Payable	11.94	10.45	16.44	5.84	4.33	1.94
Accrued Expenses	2.39	2.6	2.33	9.46	5.84	2.7
Current Portion of Long-Term Debt	2.53	0.07	1.1	2.06	1.7	1.3
Current Portion of Leases	0.3	0.4	0.43	0.26	0.18	0.09
Other Current Liabilities	9.01	7.75	4.75	-	-	0.05
Total Current Liabilities	26.17	21.27	25.05	17.62	12.05	6.07
Long-Term Debt	14.63	11.27	4.6	5.14	6.91	7.72
Long-Term Leases	0.04	0.14	0.54	0.55	0.65	0.53
Other Long-Term Liabilities	29.32	28.42	27.47	25	20.64	15.36
Total Liabilities	70.15	61.1	57.66	48.31	40.26	29.69
Common Stock	0.09	0.09	0.09	0.08	0.08	0.02
Additional Paid-In Capital	144.51	143.49	99.49	75.3	68.99	22.15
Retained Earnings	-90.09	-80.82	-64.62	-52.15	-59.23	-40.62
Shareholders' Equity	54.51	62.77	34.96	23.24	9.83	-18.44
Total Liabilities & Equity	124.66	123.87	92.62	71.55	50.09	11.25
Total Debt	17.5	11.88	6.68	8	9.44	9.65
Net Cash (Debt)	-15.2	-9.63	1.11	3.94	-5.83	-9.49
Net Cash Growth	-	-	-71.72%	-	-	-
Net Cash Per Share	-0.46	-0.32	0.05	0.17	-0.40	-1.67
Filing Date Shares Outstanding	33.76	33.7	25.62	22.44	19.86	14.38
Total Common Shares Outstanding	33.76	33.67	25.5	22.09	19.84	6.22
Working Capital	-11.65	-8.92	-6.3	5.11	1.06	-3.85
Book Value Per Share	1.61	1.86	1.37	1.05	0.50	-2.96
Tangible Book Value	54.51	62.77	34.96	23.24	9.83	-18.44
Tangible Book Value Per Share	1.61	1.86	1.37	1.05	0.50	-2.96

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

SEC Filings: 10-K · 10-Q