Saturday 17 October 2026 Export EP’s income statement to Excel — free account

Empire Petroleum Corporation

Empire Petroleum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $34.2 million, down 21.6% from fiscal 2024. In the quarter to June 2026, revenue grew 8.58%, EPS grew 66.7%, free cash flow fell 43.3% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.23 0.04 −1.22%

Follow EP

Alert me

Market cap: $136.0M
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 1/9
Altman Z: −5.72
Beneish M: −7.65
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.91

Total sells 0.72

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	3	—	—	—	—	1	—	—	—	2	1
Sell	1	—	—	—	—	—	—	—	—	—	1	—

Insider Ownership 30.54%

Capital & Financial Ratios $m

Market Cap 136.04

Revenue 31.06

Net Income (71.30)

Free Cash Flow (11.40)

Net Debt 12.01

Current Ratio 0.42

Debt/Equity 2.07

P/E ratio 0.00

Fwd P/E —

P/S ratio 4.29

P/B ratio 18.22

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 58.31%

10-year low 10-year high

P/B against its own 10 years 82.59%

10-year low 10-year high

EV/Sales against its own 10 years 63.54%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	2	1	3
Receivables	8	8	5	7
Inventory	1	1	1	1
Other	0	—	—	0
	19	12	8	12

	2023	2024	2025	Q'26
Payables	16	10	11	13
ST’ Debt	0	0	1	2
Other	—	—	—	—
	25	21	24	28

Compound Annual Growth %

	10y	5y	3y
Sales	—	34.65%	(13.52%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	10	—	—	—
’25	9	9	9	7	34
’24	9	13	11	10	44
’23	10	10	9	11	40
’22	12	16	14	11	53
’21	2	5	10	10	27
’20	4	1	2	2	8

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(3)	—	—	—
’25	2	(3)	0	(3)	(4)
’24	4	(2)	13	(9)	6
’23	(5)	(3)	2	(4)	(10)
’22	3	8	4	3	18
’21	(1)	(2)	3	3	3
’20	(1)	0	(1)	0	(2)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(5)	—	—	—
’25	(1)	(4)	0	(4)	(9)
’24	(13)	(15)	(6)	(13)	(47)
’23	(7)	(5)	(2)	(13)	(27)
’22	3	5	3	(6)	5
’21	(3)	(18)	3	1	(17)
’20	0	0	(1)	0	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.18)	(0.05)	—	—	—
’25	(0.12)	(0.15)	(0.11)	(1.71)	(2.12)
’24	(0.15)	(0.15)	(0.12)	(0.13)	(0.54)
’23	(0.11)	(0.11)	(0.12)	(0.20)	(0.55)
’22	0.15	0.24	0.01	(0.10)	0.30
’21	(0.13)	(0.35)	(0.22)	(0.57)	(1.27)
’20	0.30	(0.56)	(0.28)	(2.43)	(2.97)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.20	0.14	0.40	0.40	0.05	1.32	8.00	5.66	4.06	2.78	Analyst estimates 2026–2028 Powerpack
	High	1.00	2.04	1.60	3.00	1.88	19.60	24.90	13.82	10.94	8.12
People
People	Employees	—	—	—	3	11	31	40	50	63	61
	Revenue/emp, $m	—	—	0.00	1.95	0.70	0.87	1.32	0.80	0.69	0.56
Income, $m
Income, $m	Revenue	—	—	0	6	8	27	53	40	44	34
	Gross margin, %	—	—	75.02	25.97	36.96	50.97	55.41	28.57	36.90	26.26
	EBT	—	—	(1)	(7)	(17)	(19)	7	(13)	(16)	(72)
	EBT margin, %	—	—	(218.50)	(113.58)	(217.86)	(68.71)	13.79	(31.44)	(37.11)	(210.72)
	Net income	—	—	(1)	(7)	(17)	(19)	7	(12)	(16)	(72)
	Depreciation	—	—	0	3	3	10	2	4	10	11
Per share, $
Per share, $	Revenue	—	—	0.14	1.18	1.36	1.85	2.52	1.76	1.45	1.00
	Earnings	—	—	(0.28)	(1.38)	(3.15)	(1.08)	0.34	(0.55)	(0.54)	(2.12)
	Cash flow	—	—	(0.17)	(0.12)	(0.30)	0.22	0.86	(0.44)	0.20	(0.12)
	Capex	—	—	(0.28)	(1.24)	0.15	(1.35)	(0.63)	(0.75)	(1.78)	(0.14)
	Free cash flow	—	—	(0.45)	(1.36)	(0.15)	(1.13)	0.23	(1.18)	(1.57)	(0.26)
	Book value	—	—	(0.05)	(0.99)	(3.25)	0.67	1.11	1.54	2.09	(0.14)
	Shares, m	—	—	3	5	6	15	21	23	30	34
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	30.72	0.00	0.00	0.00
	P/S	—	—	0.00	0.58	1.15	6.52	4.39	5.90	5.23	3.03
	P/B	—	—	0.00	0.00	0.00	17.96	10.00	6.77	3.64	0.00
	EV/Sales	—	—	0.00	1.94	2.29	6.70	4.30	5.82	5.44	3.46
	EV/FCF	—	—	(6.61)	(1.68)	(20.44)	(10.94)	46.63	(8.68)	(5.03)	(13.61)
Cash, $m
Cash, $m	Operating cash flow	—	—	(1)	(1)	(2)	3	18	(10)	6	(4)
	Capex	—	—	(1)	(6)	1	(20)	(13)	(17)	(53)	(5)
	Free cash flow	—	—	(1)	(7)	(1)	(17)	5	(27)	(47)	(9)
Balance, $m
Balance, $m	Working capital	—	—	0	(1)	(4)	1	5	(6)	(9)	(16)
	Total debt	—	—	1	8	9	9	7	5	11	16
	Net debt	—	—	1	8	9	5	(5)	(3)	9	15
	Shareholders’ equity	—	—	0	(5)	(18)	10	23	35	63	(5)
Returns, %
Returns, %	ROA	—	—	(101.85)	(102.28)	(151.23)	(60.70)	11.65	(15.19)	(14.96)	(75.97)
	ROIC	—	—	(46.91)	(124.62)	0.00	(1.99)	29.69	(22.84)	(11.89)	(433.41)
	ROE	—	—	0.00	261.53	144.02	432.56	42.84	(42.86)	(33.15)	(247.85)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KGEI Kolibri Global Energy Inc.	$238.0M	12.9×	—	+102.85% (above 0%: growing)	+200.00% (above 0%: growing)	+35.23% (above 0%: growing)	85.02%	51.30%	Compare
SJT San Juan Basin Royalty Trust	$200.0M	— (loss-making)	16.8×	−93.33% (below 0%: shrinking)	n/m	—	100.00%	(97,000.00%)	Compare
AMPY Amplify Energy Corp.	$180.3M	9.8×	— (loss-making)	−22.93% (below 0%: shrinking)	+166.67% (above 0%: growing)	−738.77% (below 0%: shrinking)	56.96%	44.12%	Compare
PED Pedevco Corp.	$179.2M	— (loss-making)	— (loss-making)	+561.40% (above 0%: growing)	n/m	+835.64% (above 0%: growing)	100.00%	33.31%	Compare
EPSN Epsilon Energy Ltd.	$178.1M	— (loss-making)	17.8×	+57.09% (above 0%: growing)	+242.86% (above 0%: growing)	+123.78% (above 0%: growing)	97.22%	45.88%	Compare
ANNA AleAnna Inc.	$172.0M	13.4×	—	+153.45% (above 0%: growing)	+500.00% (above 0%: growing)	+143.82% (above 0%: growing)	85.64%	18.73%	Compare
GLND Greenland Energy Company	$150.9M	—	—	—	n/m	—	—	0.00%	Compare
EPM Evolution Petroleum Corporation, Inc.	$147.4M	— (loss-making)	69.5×	+14.69% (above 0%: growing)	+30.00% (above 0%: growing)	+333.62% (above 0%: growing)	100.00%	14.31%	Compare
EP Empire Petroleum Corporation	$136.0M	— (loss-making)	—	+8.58% (above 0%: growing)	n/m	−43.32% (below 0%: shrinking)	47.01%	(16.22%)
Median of peers	$178.6M	12.9×	17.8×	+57.09%	+200.00%	+133.80%	97.22%	26.02%

All 73 Oil & Gas E&P stocks →

Empire Petroleum Corporation (EP) key facts

Concern: Empire Petroleum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $34.2 million, down 21.6% from fiscal 2024.
Empire Petroleum Corporation (EP) is an Oil & Gas E&P company in the Energy sector, listed on NYSE American.
As of October 16, 2026, EP traded at $3.23, a market capitalization of $136.0 million.
Return on equity was −247.9% and debt-to-equity 2.07.
Its Piotroski F-score is 1 out of 9 and its Altman Z-score is −5.72 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.