Empire Petroleum Corporation

EP Energy Oil & Gas E&P

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%
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

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 (below 1: weak)
Debt/Equity 2.07 (above 2: weak)
P/E ratio 0.00
Fwd P/E —
P/S ratio 4.29
P/B ratio 18.22 (above 6: high)
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

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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Empire Petroleum Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

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.

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stockrow.com/EP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com