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Companies / Energy / Empire Petroleum Corporation
EP

Empire Petroleum Corporation

EnergyOil & Gas Extraction
Ticker EPTULSA, OKFiscal year ends DecemberBook value per share $0.19Diluted shares 38.7M

Empire Petroleum Corporation (NYSE American: EP) is an independent energy company that develops and operates oil and natural gas properties, focusing on optimizing production from existing assets and acquiring producing properties. It sells oil, natural gas and natural gas liquids to third-party marketers, typically… From the company’s description.

Over the twelve months to Jun 30, 2026, Empire Petroleum Corporation reported revenue of $31.05M, down 20.8% from a year earlier, and a net loss of $71.30M. Its operating margin was −224.1%, and operations used $6.14M in cash. In fiscal 2025, it reported revenue of $34.20M, down 21.6% from fiscal 2024, and a net loss of $72.07M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$34.20MFY2025
−21.6% year over year
Last 12 mo $31.05M
-208.51%FY2025
−177.2 percentage points
Last 12 mo -224.05%
$-72.07MFY2025
−345.0% year over year
Last 12 mo $-71.30M
451.26%FY2025
+477.1 percentage points
Last 12 mo -974.54%
Cash & financing
$-3.95MFY2025
−164.1% year over year
Last 12 mo $-6.14M
$-8.75MFY2025
+81.4% year over year
Last 12 mo $-11.45M
-3.55FY2025
Was 0.19× a year earlier
Last 12 mo 2.07
34.1MFY2025
+13.3% year over year
Last 12 mo 38.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Empire Petroleum Corporation does

In the company’s own words

Empire Petroleum Corporation (NYSE American: EP) is an independent energy company that develops and operates oil and natural gas properties, focusing on optimizing production from existing assets and acquiring producing properties. It sells oil, natural gas and natural gas liquids to third-party marketers, typically at lease locations, for delivery by truck or pipeline. Empire operates as a single operating segment through wholly owned subsidiaries in New Mexico, North Dakota, Texas and Louisiana. Its New Mexico and North Dakota properties primarily produce oil, while its Texas and Louisiana assets also produce oil from established fields and formations. At December 31, 2025, the company had approximately 1,077 gross wells and 61 full-time employees; its net production totaled 818,303 barrels of oil equivalent for the year. Empire Petroleum was incorporated in Delaware in 1985. Its website is www.empirepetroleumcorp.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
TULSA, OK
Fiscal year end
December
CIK
887396
SIC
1311

Financial performance, year by year

Fiscal 2011–2025 · USD
$-84.57M$-47.08M$-9.59M$27.89M$65.38M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Empire Petroleum Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

37
funds hold it
0 of 35
superinvestors hold it
$3.51M
held by funds, at market
3.2%
of shares held by funds

Largest fund holders · Empire Petroleum Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Empire Petroleum Corporation and its peers compare on margins and cash generation over ten years?”
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