EP
Income statement / Annual
Last year (2024), Empire Petroleum Corporation's total revenue was $44.04 M,
an increase of 9.71% from the previous year.
In 2024, Empire Petroleum Corporation's net income was -$16.20 M.
See Empire Petroleum Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$44.04 M |
$40.14 M |
$53.28 M |
$27.68 M |
$5.99 M |
$5.83 M |
$352.37 K |
$0.00 |
$0.00 |
$0.00 |
| Cost of Revenue |
$40.57 M
|
$34.77 M
|
$29.48 M
|
$17.89 M
|
$3.46 M
|
$3.73 M
|
$36.72 K
|
$757.07 K
|
$378.08 K
|
$9.28 K
|
| Gross Profit |
$3.47 M
|
$5.38 M
|
$23.80 M
|
$9.79 M
|
$2.52 M
|
$2.09 M
|
$315.65 K
|
$0.00
|
$0.00
|
-$9.28 K
|
| Gross Profit Ratio |
0.08
|
0.13
|
0.45
|
0.35
|
0.42
|
0.36
|
0.9
|
0
|
0
|
0
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$14.74 M
|
$15.18 M
|
$12.33 M
|
$8.46 M
|
$7.37 M
|
$3.63 M
|
$1.23 M
|
$757.07 K
|
$196.60 K
|
$165.65 K
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$14.74 M
|
$15.18 M
|
$12.33 M
|
$8.46 M
|
$7.37 M
|
$3.63 M
|
$1.23 M
|
$757.07 K
|
$196.60 K
|
$165.65 K
|
| Other Expenses |
$2.40 M
|
$1.82 M
|
$2.68 M
|
$1.80 M
|
$12.73 M
|
$4.61 M
|
$5.14 K
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$17.13 M
|
$17.00 M
|
$15.01 M
|
$10.26 M
|
$20.11 M
|
$8.25 M
|
$1.23 M
|
$757.07 K
|
$196.60 K
|
$165.65 K
|
| Cost And Expenses |
$57.70 M
|
$51.77 M
|
$44.49 M
|
$28.15 M
|
$23.57 M
|
$11.98 M
|
$1.25 M
|
$757.07 K
|
$196.60 K
|
$174.92 K
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$1.52 M
|
$1.00 M
|
$509.54 K
|
$8.60 M
|
$521.19 K
|
$503.61 K
|
$101.18 K
|
$73.00 K
|
$3.84 K
|
$0.00
|
| Depreciation & Amortization |
$9.80 M
|
$3.52 M
|
$2.21 M
|
$2.64 M
|
$3.14 M
|
$3.35 M
|
$17.46 K
|
$757.07 K
|
$196.60 K
|
$174.92 K
|
| EBITDA |
-$4.89 M |
-$8.08 M |
$10.02 M |
-$7.37 M |
-$13.17 M |
-$2.80 M |
-$898.00 K |
$0.00 |
-$378.00 K |
$0.00 |
| EBITDA Ratio |
-0.11
|
-0.2
|
0.19
|
-0.27
|
-2.2
|
-0.48
|
-2.55
|
0
|
0
|
0
|
| Operating Income Ratio |
-0.31
|
-0.29
|
0.16
|
-0.02
|
-2.94
|
-1.06
|
-2.6
|
0
|
0
|
0
|
| Total Other Income/Expenses Net |
-$2.53 M
|
-$977.00 K
|
-$1.49 M
|
-$18.14 M
|
$747.57 K
|
-$503.61 K
|
-$101.00 K
|
-$73.00 K
|
-$185.00 K
|
$156.37 K
|
| Income Before Tax |
-$16.20 M
|
-$12.60 M
|
$7.29 M
|
-$18.61 M
|
-$16.84 M
|
-$6.65 M
|
-$1.02 M
|
-$830.00 K
|
-$382.00 K
|
-$175.00 K
|
| Income Before Tax Ratio |
-0.37
|
-0.31
|
0.14
|
-0.67
|
-2.81
|
-1.14
|
-2.89
|
0
|
0
|
0
|
| Income Tax Expense |
$0.00
|
-$132.00 K
|
$208.90 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$175.00 K
|
| Net Income |
-$16.20 M
|
-$12.47 M
|
$7.08 M
|
-$18.61 M
|
-$16.84 M
|
-$6.65 M
|
-$1.02 M
|
-$830.00 K
|
-$382.00 K
|
-$175.00 K
|
| Net Income Ratio |
-0.37
|
-0.31
|
0.13
|
-0.67
|
-2.81
|
-1.14
|
-2.89
|
0
|
0
|
0
|
| EPS |
-0.54 |
-0.55 |
0.33 |
-5.09 |
-2.96 |
-1.3 |
-0.31 |
-0.31 |
-0.18 |
-0.0812 |
| EPS Diluted |
-0.54 |
-0.55 |
0.3 |
-5.09 |
-2.96 |
-1.3 |
-0.31 |
-0.31 |
-0.18 |
-0.0803 |
| Weighted Average Shares Out |
$30.07 M
|
$22.73 M
|
$21.39 M
|
$3.66 M
|
$5.68 M
|
$4.97 M
|
$3.29 M
|
$2.72 M
|
$2.18 M
|
$2.15 M
|
| Weighted Average Shares Out Diluted |
$30.07 M
|
$22.73 M
|
$23.82 M
|
$3.66 M
|
$5.68 M
|
$4.97 M
|
$3.29 M
|
$2.72 M
|
$2.18 M
|
$2.18 M
|
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