EMPIRE PETROLEUM CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that EMPIRE PETROLEUM CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $34.20M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $43.65M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $40.08M | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $52.89M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $27.09M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $7.73M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $5.86M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $465.5K | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | $0 | Apr 1, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($72.07M) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | ($16.20M) | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | ($12.47M) | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $7.08M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | ($18.61M) | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($16.84M) | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | ($6.65M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($1.02M) | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | ($830.1K) | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($381.9K) | Apr 2, 2018 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($71.32M) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | ($13.67M) | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | ($11.63M) | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $8.78M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | ($473.4K) | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($17.58M) | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | ($6.15M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($915.9K) | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | ($757.1K) | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($378.1K) | Apr 2, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($3.95M) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $6.16M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | ($9.89M) | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $18.06M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $3.17M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($1.72M) | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | ($592.3K) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($564.9K) | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | ($236.0K) | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($81.9K) | Apr 2, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Aug 9, 2023 | $2.10M | Mar 27, 2025 |
| FY2019 | Dec 31, 2019 | ($14.5K) | Mar 30, 2020 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $65.87M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $123.87M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $92.62M | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $71.55M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $50.09M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $11.25M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $11.01M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $2.00M | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | $377.8K | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $382.7K | Apr 2, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $70.48M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $61.10M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $57.66M | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $48.31M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $40.26M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $29.69M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $15.95M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $2.15M | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | $249.6K | Apr 1, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($4.61M) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $62.77M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $34.96M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $23.24M | Mar 27, 2025 |
| FY2023 | Dec 31, 2021 | $9.83M | Mar 28, 2024 |
| FY2022 | Dec 31, 2020 | ($18.44M) | Mar 31, 2023 |
| FY2021 | Dec 31, 2019 | ($4.94M) | Mar 31, 2022 |
| FY2020 | Dec 31, 2018 | ($150.2K) | Mar 31, 2021 |
| FY2019 | Dec 31, 2017 | $128.2K | Mar 30, 2020 |
| FY2018 | Dec 31, 2016 | $301.4K | Apr 1, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($152.89M) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | ($80.82M) | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | ($64.62M) | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | ($52.15M) | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | ($59.23M) | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($40.62M) | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | ($23.78M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($17.13M) | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | ($16.11M) | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($15.28M) | Apr 2, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.19M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $2.25M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $7.79M | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | $11.94M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | $3.61M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $157.7K | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $0 | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $84.6K | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | $77.8K | Apr 1, 2019 |
| FY2018 | Dec 31, 2016 | $68.7K | Apr 1, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $11.27M | Mar 27, 2025 |
| FY2024 | Dec 31, 2023 | $4.60M | Mar 27, 2025 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (2) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | (1) | Mar 31, 2023 |
| FY2014 | Dec 31, 2014 | (236,585) | Mar 27, 2015 |
| FY2014 | Dec 31, 2013 | (227,823) | Mar 27, 2015 |
| FY2013 | Dec 31, 2012 | (227,823) | Mar 3, 2014 |
| FY2013 | Dec 31, 2011 | (253,348) | Mar 3, 2014 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (2) | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | (1) | Mar 31, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 34.86M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 33.67M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | 25.50M | Mar 27, 2025 |
| FY2023 | Dec 31, 2022 | 22.09M | Mar 28, 2024 |
| FY2022 | Dec 31, 2021 | 19.84M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | 6.22M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | 20.37M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | 17.35M | Mar 30, 2020 |
| FY2018 | Dec 31, 2017 | 8.80M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | 8.71M | Apr 2, 2018 |