Plutux
$3.07
-2.85%
2026-09-01 16:00:00 EDT-$0.09
Energy
Oil & Gas Exploration & Production
AMEX
Active Trading

Empire Petroleum Corporation, an entity established in 1983, primarily focuses on discovering and extracting petroleum and natural gas reserves across several U.S. ...

Price Action

$3.07
-2.85%-$0.09
High
Low
52W High-42.1%
Rel. vol
Interval
Range1.8h
VolumeSMA5SMA10
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.
Founded
1983
Employees
61
CEO
Michael R. Morrisett
Full Name
Empire Petroleum Corporation
Sector
Energy
Industry
Oil & Gas Exploration & Production
ROE
-474.82%
Market Cap
$0.12B
Current Ratio
0.42
WACC
6.46%
ROIC
473.47%

Contact Information

539 444 8002
2200 South Utica Place, Tulsa, OK 74114

Related stocksOil & Gas Exploration & Production

Browse all US stocks

Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer

© Plutux Technology Limited 2026