Empire Petroleum Corporation (EP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 7.69M | 7.06M | 9.39M | 8.75M | 9M | 10.09M | 10.91M | 12.8M | 10.24M | 9.91M | 10.33M | 9.78M | 10.12M | 8.8M | 14M | 15.72M | 12.54M | 11M | 10.13M | 4.9M |
| Revenue Growth % | -14.53% | -30.02% | -13.93% | -31.61% | -12.13% | 1.75% | 5.57% | 30.92% | 1.24% | 12.63% | -26.18% | -37.8% | -19.3% | -20.01% | 38.19% | 220.67% | 410.49% | 472.62% | 515.68% | 392.84% |
| Cost of Goods Sold | 7.62M | 10.95M | 755K | 768K | 8.7M | 9.26M | 10.31M | 11.29M | 9.71M | 10.24M | 8.57M | 8.53M | 7.9M | 24.9M | 9.4M | 6.25M | 5.91M | 1.31M | 1.96M | 984.01K |
| COGS % of Revenue | 99.03% | 155.16% | 8.04% | 8.77% | 96.69% | 91.81% | 94.56% | 88.16% | 94.78% | 103.32% | 82.95% | 87.26% | 78.08% | 282.83% | 67.19% | 39.77% | 47.11% | 11.93% | 19.33% | 20.08% |
| Gross Profit | 75K | -3.89M | 8.63M | 7.99M | 298K | 826.31K | 592.8K | 1.51M | 535K | -328.93K | 1.76M | 1.25M | 2.22M | -16.09M | 4.59M | 9.47M | 6.63M | 9.69M | 8.17M | 3.92M |
| Gross Margin % | 0.97% | -55.16% | 91.96% | 91.23% | 3.31% | 8.19% | 5.44% | 11.83% | 5.22% | -3.32% | 17.05% | 12.74% | 21.92% | -182.83% | 32.81% | 60.23% | 52.89% | 88.07% | 80.67% | 79.92% |
| Gross Profit Growth % | -74.83% | -571.25% | 1356.3% | 427.48% | -44.3% | 351.22% | -66.35% | 21.56% | -75.88% | 97.96% | -61.64% | -86.84% | -66.55% | -266.06% | -43.79% | 141.66% | 214.89% | 1742.32% | 527.02% | 775.62% |
| Operating Expenses | 3.06M | 3.72M | 12.18M | 12.89M | 4.25M | 4.75M | 4.01M | 3.44M | 4.93M | 5.39M | 4.4M | 3.55M | 4.44M | -13.88M | 3.15M | 3.64M | 2.9M | 9.52M | 5.87M | 5.99M |
| OpEx % of Revenue | 39.84% | 52.76% | 129.76% | 147.24% | 47.26% | 47.11% | 36.76% | 26.88% | 48.14% | 54.38% | 42.54% | 36.28% | 43.89% | -157.65% | 22.51% | 23.18% | 23.11% | 86.53% | 57.97% | 122.11% |
| Selling, General & Admin | 3.06M | 3.18M | 2.88M | 2.91M | 3.73M | 4.23M | 3.97M | 2.95M | 3.59M | 5.39M | 2.74M | 3.08M | 3.97M | 3.74M | 2.85M | 3.28M | 2.46M | 2.42M | 1.91M | 3.22M |
| SG&A % of Revenue | 39.84% | 45.03% | 30.69% | 33.2% | 41.41% | 41.95% | 36.41% | 23.01% | 35.03% | 54.38% | 26.51% | 31.45% | 39.26% | 42.53% | 20.36% | 20.88% | 19.58% | 22.01% | 18.9% | 65.7% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 545K | 1000K | 1000K | 526K | 519.83K | 38.01K | 494.29K | 1000K | 0 | 1000K | 472.02K | 468.1K | -1000K | 300.14K | 360.38K | 442.32K | 1000K | 1000K | 1000K |
| Operating Income | -2.99M | -7.62M | -3.55M | -4.9M | -3.96M | -3.93M | -3.42M | -1.93M | -4.4M | -5.72M | -2.63M | -2.3M | -2.22M | -2.22M | 1.44M | 5.82M | 3.73M | 155.39K | 2.3M | -2.07M |
| Operating Margin % | -38.86% | -107.92% | -37.8% | -56.01% | -43.95% | -38.91% | -31.33% | -15.04% | -42.92% | -57.7% | -25.49% | -23.54% | -21.97% | -25.18% | 10.3% | 37.05% | 29.78% | 1.41% | 22.7% | -42.19% |
| Operating Income Growth % | 24.42% | -94.07% | -3.86% | -154.7% | 10.03% | 31.38% | -29.73% | 16.36% | -97.82% | -158.15% | -282.64% | -139.52% | -159.53% | -1526.1% | -37.28% | 381.65% | 534.02% | 101.14% | 240.12% | 27.45% |
| EBITDA | -919K | -4.51M | -755K | -1.67M | -1.61M | -1.3M | -685K | 888K | -2.77M | -4.07M | -1.78M | -1.5M | -1.52M | -1.57M | 2.03M | 6.33M | 4.21M | 965.1K | 3.63M | -1.5M |
| EBITDA Margin % | -11.94% | -63.86% | -8.04% | -19.11% | -17.87% | -12.88% | -6.28% | 6.94% | -27.05% | -41.06% | -17.25% | -15.37% | -15.06% | -17.81% | 14.48% | 40.28% | 33.56% | 8.77% | 35.81% | -30.59% |
| EBITDA Growth % | 42.88% | -246.92% | -10.22% | -288.4% | 41.93% | 68.08% | 61.56% | 159.09% | -81.82% | -159.63% | -187.93% | -123.74% | -136.21% | -262.47% | -44.13% | 522.26% | 721.97% | 108.59% | 361.51% | 36.56% |
| D&A (Non-Cash Add-back) | 2.07M | 3.11M | 2.79M | 3.23M | 2.35M | 2.63M | 2.73M | 2.81M | 1.63M | 1.65M | 852.11K | 798.6K | 698.71K | 648.02K | 584.17K | 506.7K | 474.15K | 809.71K | 1.33M | 568.55K |
| EBIT | -2.99M | -58.42M | -3.46M | -4.72M | -3.92M | -3.92M | -3.44M | -3.65M | -3.66M | -4.47M | -2.63M | -2.28M | -2.22M | -1.92M | 341.27K | 5.65M | 3.73M | -7.39M | 741.45K | -2.5M |
| Net Interest Income | -480K | -529K | -388K | -334K | -296K | -269K | -196K | -735K | -315K | -328K | -249.8K | -184.89K | -237.3K | -161.78K | -125.33K | -112K | -111K | -1.23M | -4.47M | -2.77M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 480K | 529K | 388K | 334K | 296K | 268.69K | 196.31K | 735.22K | 315.05K | 328.44K | 249.8K | 184.89K | 237.3K | 161.78K | 125.33K | 111.78K | 110.65K | 1.23M | 4.47M | 2.77M |
| Other Income/Expense | -3.65M | -51.34M | -295K | -153K | -265K | -268.01K | -223K | -2.46M | 423K | 925.73K | -248.45K | -163.4K | -236.88K | 135.39K | -1.23M | -289.66K | -110.65K | -8.78M | -6.03M | -3.2M |
| Pretax Income | -6.64M | -58.95M | -3.84M | -5.06M | -4.22M | -4.19M | -3.64M | -4.39M | -3.97M | -4.79M | -2.88M | -2.46M | -2.46M | -2.08M | 215.94K | 5.53M | 3.62M | -8.62M | -3.73M | -5.27M |
| Pretax Margin % | -86.33% | -835.15% | -40.95% | -57.76% | -46.89% | -41.57% | -33.37% | -34.3% | -38.79% | -48.37% | -27.9% | -25.21% | -24.31% | -23.64% | 1.54% | 35.21% | 28.9% | -78.34% | -36.79% | -107.56% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.53K | -134.72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0.05% | 4.67% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -6.64M | -58.95M | -3.84M | -5.06M | -4.22M | -4.19M | -3.64M | -4.39M | -3.97M | -4.8M | -2.75M | -2.46M | -2.46M | -2.08M | 215.94K | 5.53M | 3.62M | -8.62M | -3.73M | -5.27M |
| Net Margin % | -86.33% | -835.15% | -40.95% | -57.76% | -46.89% | -41.57% | -33.37% | -34.3% | -38.79% | -48.39% | -26.59% | -25.21% | -24.31% | -23.64% | 1.54% | 35.21% | 28.9% | -78.34% | -36.79% | -107.56% |
| Net Income Growth % | -57.36% | -1305.85% | -5.6% | -15.17% | -6.22% | 12.59% | -32.48% | -78.1% | -61.57% | -130.58% | -1372.4% | -144.54% | -167.88% | 75.86% | 105.8% | 204.98% | 463.37% | 37.58% | -127.07% | -77.32% |
| Net Income (Continuing) | -6.64M | -58.95M | -3.84M | -5.06M | -4.22M | -4.19M | -3.64M | -4.39M | -3.97M | -4.8M | -2.75M | -2.46M | -2.46M | -2.08M | 215.94K | 5.53M | 3.62M | -8.62M | -3.73M | -5.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.18 | -1.73 | -0.11 | -0.15 | -0.12 | -0.13 | -0.12 | -0.15 | -0.15 | -0.21 | -0.12 | -0.11 | -0.11 | -0.10 | 0.01 | 0.24 | 0.15 | -0.36 | -0.23 | -0.34 |
| EPS Growth % | -50% | -1230.77% | 8.33% | 0% | 20% | 38.1% | 0% | -36.36% | -36.36% | -110% | - | -145.83% | -173.33% | 72.22% | 104.26% | 170.59% | 215.38% | 79.31% | 17.86% | 38.18% |
| EPS (Basic) | -0.18 | -1.73 | -0.11 | -0.15 | -0.12 | -0.13 | -0.12 | -0.15 | -0.15 | -0.21 | -0.12 | -0.11 | -0.11 | -0.10 | 0.01 | 0.27 | 0.18 | -0.43 | -0.23 | -0.34 |
| Diluted Shares Outstanding | 36M | 34.06M | 34.04M | 33.85M | 33.82M | 33.03M | 31.62M | 29.84M | 25.69M | 22.72M | 22.73M | 22.11M | 22.1M | 23.39M | 24.51M | 23.3M | 24.02M | 24.02M | 16.56M | 15.18M |
| Basic Shares Outstanding | 36M | 34.06M | 34.04M | 33.85M | 33.82M | 33.03M | 31.62M | 29.84M | 25.69M | 22.72M | 22.73M | 22.11M | 22.1M | 22.45M | 24.07M | 20.44M | 20.24M | 19.87M | 16.2M | 15.06M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |