Financial Snapshot

Revenue
$44.73M
TTM
Gross Margin
22.34%
TTM
Net Earnings
-$16.80M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
43.46%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$56.53M
Q3 2024
Cash
Q3 2024
P/E
-12.91
Nov 29, 2024 EST
Free Cash Flow
-$41.21M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $40.08M $52.89M $27.90M $7.728M $5.859M $465.5K $0.00 $0.00
YoY Change -24.22% 89.53% 261.08% 31.89% 1158.77%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $40.08M $52.89M $27.90M $7.728M $5.859M $465.5K $0.00 $0.00
Cost Of Revenue $31.67M $27.53M $16.20M $5.218M $4.717M $137.5K $0.00
Gross Profit $8.406M $25.36M $11.71M $2.510M $1.142M $328.0K $0.00
Gross Profit Margin 20.98% 47.95% 41.95% 32.48% 19.49% 70.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $14.67M $12.33M $8.462M $7.374M $3.635M $1.226M $757.1K $196.6K
YoY Change 19.0% 45.73% 14.76% 102.86% 196.37% 62.0% 285.08%
% of Gross Profit 174.56% 48.63% 72.29% 293.78% 318.34% 373.95%
Research & Development $0.00 $181.5K
YoY Change -100.0%
% of Gross Profit
Depreciation & Amortization $3.097M $1.949M $2.502M $3.143M $3.352M $15.53K
YoY Change 58.86% -22.1% -20.39% -6.22% 21481.71%
% of Gross Profit 36.84% 7.69% 21.38% 125.23% 293.53% 4.74%
Operating Expenses $51.70M $44.10M $12.18M $11.42M $7.293M $1.244M $757.1K $378.1K
YoY Change 17.23% 262.13% 6.63% 56.62% 486.28% 64.31% 100.24%
Operating Profit -$11.63M $8.784M -$473.4K -$8.912M -$6.151M -$915.9K -$378.1K
YoY Change -232.34% -1955.67% -94.69% 44.88% 571.55%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$1.000M -$509.5K -$13.10M -$521.2K -$503.6K -$101.2K -$73.00K -$3.840K
YoY Change 96.34% -96.11% 2414.4% 3.49% 397.74% 38.6% 1801.04%
% of Operating Profit -5.8%
Other Income/Expense, Net -$1.000M -$509.5K -$2.760M
YoY Change 96.34% -81.54%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$12.60M $7.293M -$18.61M -$16.84M -$6.655M -$1.017M -$830.1K -$381.9K
YoY Change -272.79% -139.18% 10.57% 152.99% 554.25% 22.54% 117.34%
Income Tax -$132.2K $208.9K
% Of Pretax Income 2.86%
Net Earnings -$12.47M $7.084M -$18.61M -$16.84M -$6.655M -$1.017M -$830.1K -$381.9K
YoY Change -276.02% -138.06% 10.57% 152.99% 554.25% 22.54% 117.34%
Net Earnings / Revenue -31.11% 13.39% -66.71% -217.85% -113.58% -218.52%
Basic Earnings Per Share -$0.55 $0.34 -$1.27
Diluted Earnings Per Share -$0.55 $0.30 -$1.272M -$2.966M -$1.340M -$309.4K -$305.8K -$175.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $7.793M $11.94M $3.612M $157.7K $0.00 $84.63K $77.78K $68.74K
YoY Change -34.76% 230.7% 2190.34% -100.0% 8.81% 13.15%
Cash & Equivalents $7.793M $11.94M $3.612M $157.7K $0.00 $84.63K $77.78K $68.74K
Short-Term Investments
Other Short-Term Assets $1.164M $1.170M $734.4K $281.9K $247.7K $158.3K $0.00 $14.00K
YoY Change -0.49% 59.32% 160.5% 13.8% 56.5% -100.0%
Inventory $1.433M $1.840M $1.038M $531.3K $476.3K
Prepaid Expenses
Receivables $8.355M $7.780M $7.734M $1.252M $982.8K $124.6K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $18.74M $22.73M $13.12M $2.223M $1.707M $367.5K $77.78K $82.74K
YoY Change -17.55% 73.31% 490.23% 30.21% 364.45% 372.49% -5.99%
Property, Plant & Equipment $72.40M $45.31M $30.68M $8.225M $9.308M $1.630M
YoY Change 59.78% 47.7% 272.97% -11.63% 471.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $300.0K $300.0K
YoY Change -100.0% 0.0%
Other Assets $1.475M $3.499M $6.295M $802.1K
YoY Change -57.86% -44.41% 684.82%
Total Long-Term Assets $73.87M $48.81M $36.97M $9.027M $9.308M $1.630M $300.0K $300.0K
YoY Change 51.34% 32.02% 309.56% -3.02% 471.11% 443.26% 0.0%
Total Assets $92.62M $71.55M $50.09M $11.25M $11.01M $1.997M $377.8K $382.7K
YoY Change
Accounts Payable $16.44M $5.843M $4.330M $1.938M $1.026M $320.8K $64.96K $22.52K
YoY Change 181.3% 34.97% 123.43% 88.94% 219.75% 393.77% 188.45%
Accrued Expenses $7.508M $9.718M $5.844M $2.698M $1.104M $141.0K
YoY Change -22.74% 66.28% 116.63% 144.39% 682.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.104M $2.059M $1.881M $1.391M $96.70K $279.2K $137.3K
YoY Change -46.38% 9.49% 35.17% 1338.87% -65.37% 103.41%
Total Short-Term Liabilities $25.05M $17.62M $12.05M $6.073M $2.238M $741.0K $202.2K $22.52K
YoY Change 42.16% 46.18% 98.5% 171.34% 202.04% 266.43% 797.96%
Long-Term Debt $4.597M $5.140M $7.560M $8.254M $7.715M $1.176M $47.37K $58.84K
YoY Change -10.57% -32.01% -8.4% 6.98% 556.15% 2382.2% -19.49%
Other Long-Term Liabilities $28.01M $25.55M $20.64M $15.36M $6.000M $230.7K
YoY Change 9.65% 23.78% 34.34% 156.07% 2501.37%
Total Long-Term Liabilities $32.61M $30.69M $28.20M $23.62M $13.72M $1.406M $47.37K $58.84K
YoY Change 6.26% 8.82% 19.41% 72.2% 875.15% 2869.12% -19.49%
Total Liabilities $57.66M $48.31M $40.26M $29.69M $15.95M $2.147M $249.6K $81.36K
YoY Change 19.35% 20.01% 35.58% 86.11% 642.89% 760.4% 206.77%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 22.72M shares 21.00M shares 14.63M shares
Diluted Shares Outstanding 22.72M shares 23.39M shares 14.63M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $216.93 Million

About EMPIRE PETROLEUM CORP

Empire Petroleum Corp. engages in the exploration and development of oil and natural gas. The company is headquartered in Tulsa, Oklahoma and currently employs 50 full-time employees. The firm operates through its subsidiaries, including Empire New Mexico LLC, doing business as Green Tree New Mexico, Empire North Dakota LLC, Empire Texas LLC, and Empire Louisiana LLC. The company is an independent operator in four geographic areas of the United States. The company manages and influences production on operated properties. Empire New Mexico's assets primarily produce oil, with natural gas and natural gas liquids (NGLs) accompanying oil production. Empire New Mexico assets are located in Lea County, New Mexico, and consist of a contiguous and consolidated acreage position consisting of 48,000 acres held by production from approximately 670 wells. Empire North Dakota operates approximately 138 injection wells in North Dakota and western Montana. Empire Texas owns over 121 gross wells and approximately 30,000 net acres in the East Texas Basin.

Industry: Crude Petroleum & Natural Gas Peers: Amplify Energy Corp. RING ENERGY, INC. BP PRUDHOE BAY ROYALTY TRUST CONOCOPHILLIPS EVOLUTION PETROLEUM CORP Riley Exploration Permian, Inc. VAALCO ENERGY INC /DE/