Empire Petroleum Corporation, an entity established in 1983, primarily focuses on discovering and extracting petroleum and natural gas reserves across several U.S. ...
Empire Petroleum Corporation is a publicly traded independent energy company headquartered in Tulsa, Oklahoma, with its common stock listed on the NYSE American under the ticker symbol 'EP'. Founded in 1983 and initially incorporated as Americomm Resources Corporation, the company rebranded to Empire Petroleum in August 2001. It is primarily ...Empire Petroleum Corporation is a publicly traded independent energy company headquartered in Tulsa, Oklahoma, with its common stock listed on the NYSE American under the ticker symbol 'EP'. Founded in 1983 and initially incorporated as Americomm Resources Corporation, the company rebranded to Empire Petroleum in August 2001. It is primarily engaged in the exploration, development, and production of crude oil and natural gas, focusing on mature, conventional onshore reservoirs where it can apply cost-effective field management techniques to enhance recovery. The company's current producing assets are strategically located in several key U.S. basins, including the Permian Basin in New Mexico and Texas, the Williston Basin in North Dakota and Montana, and the Gulf Coast region in Louisiana. Empire's business model emphasizes organic growth through workovers, re-completions, and the optimization of existing wells, complemented by targeted acquisitions of proved developed properties that offer operational synergies. As of the most recent data, the company employs 61 full-time staff and operates with a lean organizational structure. Financially, Empire has a market capitalization of approximately $110 million, revenue per share of around $0.91, and has shown negative profitability metrics in recent periods, with a net profit margin of -226.5% and a return on equity of -277.8%, reflecting operational challenges and investment in growth. The company maintains a modest gross profit margin of 38.9%, but high depreciation and operating expenses have driven EBITDA margins negative. Empire's balance sheet shows significant leverage, with a debt-to-equity ratio of 4.14, but it holds limited net debt relative to market cap. Management, led by CEO Michael R. Morrisett, who brings extensive industry experience, is committed to creating shareholder value through disciplined capital allocation and operational efficiency. The company also pays a nominal dividend of $0.04 per share. Looking ahead, Empire aims to leverage its technical expertise and asset base to increase production and cash flow, while exploring opportunities for strategic growth in a recovering energy market.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$34.2M
-22.3%
+44.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-72.1M
-345.0%
+72.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-19.3%
-345.4%
+2812.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-58.6%
-88.7%
+101.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-210.7%
-472.9%
+80.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-4.0M
+91.6%
-410.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-11.7%
+89.2%
-253.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
-333.3%
-1861.2%
-47.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.34x
-42.1%
-28.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.