Empire Petroleum Corp
empirepetroleumcorp.comWhat Do They Do?
Produces and sells oil, natural gas and natural gas liquids to energy marketers and other third-party purchasers.
10-K for FY2025, filed Mar 13, 2026
How Do They Make Money?
The company sells oil, natural gas and natural gas liquids to purchasers at market-based prices, and generally receives payment one to three months after delivery.
10-K for FY2025, filed Mar 13, 2026The Company’s revenues are comprised solely of revenues from customers and include the sale of oil, natural gas and NGLs. The Company…View ↗
We sell oil production at the lease locations to third-party purchasers via truck transport or pipeline. We do not transport, refine or…View ↗
We sell our natural gas and NGLs under purchase contracts using market-based pricing, which is primarily sold at the lease location.View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by product or service (Total Product Revenues) ↗
$34.2M
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10-K for FY2025, filed Mar 13, 2026
$34.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil Sales
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
93% |
Oil Sales, FY2025
$31.6M Sources
|
Sold outright |
|
Natural gas
Sold outright
|
2.6% |
Natural gas, FY2025
$898K Sources
|
Sold outright |
|
Natural Gas Liquids Sales
Sold outright
|
4.7% |
Natural Gas Liquids Sales, FY2025
$1.6M Sources
|
Sold outright |
|
Other
|
0.1% |
Other, FY2025
$41K Sources
|
Who Are Their Customers?
Marketers purchase production at lease locations or pipeline delivery points, then transport it by truck or pipeline to storage facilities they arrange.
10-K for FY2025, filed Mar 13, 2026
Do Revenues Turn Into Profits?
No. It lost $72.1M in FY2025.
10-K for FY2025, filed Mar 13, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$1.9MView ↗
- ▼ −63% (Loss)
- vs −$5.1M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
Growing. Revenue grew 26% in 4 years, from $27.1M in FY2021 to $34.2M in FY2025, about 6% a year.
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