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
-12.45
Nov 13, 2024 EST
Free Cash Flow
-$41.21M
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

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

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

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

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

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

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

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

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

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

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

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

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

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

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $209.16 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