EP
Income statement / Annual
Last year (2023), Empire Petroleum Corporation's total revenue was $40.14 M,
a decrease of 24.65% from the previous year.
In 2023, Empire Petroleum Corporation's net income was -$12.47 M.
See Empire Petroleum Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$40.14 M |
$53.27 M |
$28.49 M |
$5.99 M |
$5.83 M |
$352,374.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Cost of Revenue |
$34.77 M
|
$29.48 M
|
$4.61 M
|
$3.46 M
|
$3.73 M
|
$36,721.00
|
$0.00
|
$0.00
|
$9,276.00
|
$35,887.00
|
| Gross Profit |
$5.38 M
|
$23.80 M
|
$23.89 M
|
$2.52 M
|
$2.09 M
|
$315,653.00
|
$0.00
|
$0.00
|
-$9,276.00
|
-$35,887.00
|
| Gross Profit Ratio |
0.13
|
0.45
|
0.84
|
0.42
|
0.36
|
0.9
|
0
|
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 |
$15.18 M
|
$12.33 M
|
$8.46 M
|
$7.37 M
|
$3.63 M
|
$1.23 M
|
$757,069.00
|
$196,603.00
|
$165,648.00
|
$154,326.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$31,750.00
|
| Selling, General & Administrative Expenses |
$15.18 M
|
$12.33 M
|
$8.46 M
|
$7.37 M
|
$3.63 M
|
$1.23 M
|
$757,069.00
|
$196,603.00
|
$165,648.00
|
$186,076.00
|
| Other Expenses |
$1.82 M
|
$1.36 M
|
$15.31 M
|
$5.80 M
|
$4.64 M
|
$1,929.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$17.00 M
|
$13.69 M
|
$23.77 M
|
$13.18 M
|
$8.28 M
|
$1.34 M
|
$757,069.00
|
$196,603.00
|
$165,648.00
|
$186,076.00
|
| Cost And Expenses |
$51.77 M
|
$43.17 M
|
$28.38 M
|
$16.64 M
|
$12.01 M
|
$1.38 M
|
$757,069.00
|
$196,603.00
|
$174,924.00
|
$221,963.00
|
| Interest Income |
$0.00
|
$509,540.00
|
$8.60 M
|
$521,186.00
|
$503,607.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$1.00 M
|
$509,540.00
|
$8.60 M
|
$521,187.00
|
$503,607.00
|
$101,183.00
|
$72,998.00
|
$3,837.00
|
$0.00
|
$3,151.00
|
| Depreciation & Amortization |
$3.52 M
|
$3.57 M
|
$3.85 M
|
$4.05 M
|
$3.66 M
|
$17,456.00
|
$757,069.00
|
$196,603.00
|
$174,924.00
|
$190,213.00
|
| EBITDA |
-$8.08 M |
$13.03 M |
-$6.16 M |
-$12.27 M |
-$2.49 M |
-$898,492.00 |
$0.00 |
-$378,078.00 |
$0.00 |
-$43,221.00 |
| EBITDA Ratio |
-0.2
|
0.21
|
0.11
|
-1.25
|
-0.49
|
-2.88
|
0
|
0
|
0
|
0
|
| Operating Income Ratio |
-0.29
|
0.16
|
0.02
|
-1.78
|
-1.06
|
-2.6
|
0
|
0
|
0
|
0
|
| Total Other Income/Expenses Net |
-$976,706.00
|
-$1.49 M
|
-$18.14 M
|
$747,573.00
|
-$503,607.00
|
-$101,183.00
|
-$72,998.00
|
$192,766.00
|
$0.00
|
-$14,622.00
|
| Income Before Tax |
-$12.60 M
|
$7.29 M
|
-$18.61 M
|
-$16.84 M
|
-$6.65 M
|
-$1.02 M
|
-$830,067.00
|
-$381,915.00
|
-$174,924.00
|
-$236,585.00
|
| Income Before Tax Ratio |
-0.31
|
0.14
|
-0.65
|
-2.81
|
-1.14
|
-2.89
|
0
|
0
|
0
|
0
|
| Income Tax Expense |
-$132,192.00
|
$208,898.00
|
$9.01 M
|
$521,187.00
|
$503,607.00
|
$101,183.00
|
-$757,069.00
|
-$177,638.00
|
-$174,928.00
|
-$187,062.00
|
| Net Income |
-$12.47 M
|
$7.08 M
|
-$27.62 M
|
-$17.36 M
|
-$7.16 M
|
-$1.02 M
|
-$830,067.00
|
-$381,915.00
|
-$174,924.00
|
-$236,585.00
|
| Net Income Ratio |
-0.31
|
0.13
|
-0.97
|
-2.9
|
-1.23
|
-2.89
|
0
|
0
|
0
|
0
|
| EPS |
-0.55 |
0.34 |
-7.55 |
-3.06 |
-1.44 |
-0.31 |
-0.31 |
-0.18 |
-0.0812 |
-0.12 |
| EPS Diluted |
-0.55 |
0.3 |
-7.55 |
-3.06 |
-1.44 |
-0.31 |
-0.31 |
-0.18 |
-0.0803 |
-0.12 |
| Weighted Average Shares Out |
$22.73 M
|
$21.00 M
|
$3.66 M
|
$5.68 M
|
$4.97 M
|
$3.29 M
|
$2.71 M
|
$2.18 M
|
$2.15 M
|
$1.91 M
|
| Weighted Average Shares Out Diluted |
$22.73 M
|
$23.39 M
|
$3.66 M
|
$5.68 M
|
$4.97 M
|
$3.29 M
|
$2.71 M
|
$2.18 M
|
$2.18 M
|
$1.91 M
|
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