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Empire Petroleum (EP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Empire Petroleum (EP) Q2 2026 earnings results →
Q2 2026 Revenue up 9% year over year to $9.5M · 20¢ of every $1 of revenue lost · operating margin -16.2%
Empire Petroleum made $9.5M in Q2 2026 (+9% Y/Y). Operating margin -16.2%, net loss $1.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $9.5M in Q2 2026, up 9% year over year and up 86% from the previous quarter.
Operating costs exceeded revenue by $1.5M, an operating margin of -16.2%. Total costs fell 19% while revenue rose 9%. The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $6.6M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $1.4M of depreciation and amortization and $208K of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $95K exceeded it, leaving free cash flow of −$2.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $9.5M | +9% | -16.2% | −$1.9M | −$2.8M |
| Q1 2026 | 10-Q | May 14, 2026 | $5.1M | -43% | -109.4% | −$6.6M | −$970K |
| Q4 2025 | 10-K | Mar 13, 2026 | $7.1M | -30% | -834.5% | −$59.0M | −$2.8M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $9.4M | -18% | -37.8% | −$3.8M | $330K |
| Q2 2025 | 10-Q | Aug 13, 2025 | $8.8M | -32% | -56.0% | −$5.1M | −$3.1M |
| Q1 2025 | 10-Q | May 14, 2025 | $9.0M | -4% | -43.9% | −$4.2M | $1.6M |
| Q4 2024 | 10-K | Mar 27, 2025 | $10.1M | -10% | -38.9% | −$4.2M | −$8.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Empire Petroleum
In this Form 10-K, references to “Empire”, the “Company”, “we”, “our”, and “us” refer to Empire Petroleum Corporation and its wholly-owned subsidiaries, unless context indicates otherwise. Empire Petroleum Corporation is an independent energy company that engages in unlocking value in developed assets. Empire operates primarily from the following wholly-owned subsidiaries in its areas of operations:
In its own words, from its 10-K, filed Mar 13, 2026.
Empire Petroleum against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +46%. Operating margin: -16.2% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EP Empire Petroleum | Q2 2026 | $9.5M | +9% | -16.2% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Empire Petroleum 10-Q on SEC EDGAR · CIK 887396 · Crude Petroleum & Natural Gas
13F: who owns EP and who is buying
More on EP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results