Filing Flows › Empire Petroleum (EP) › Q1 2025
Empire Petroleum (EP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Empire Petroleum (EP) reported revenue of $9.0M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -11% from the quarter before. Operating margin was -43.9%, net loss $4.2M (46.9% of revenue).
Empire Petroleum, Q1 2025: revenue $9.0M (-4% year over year), operating margin -43.9%, net loss $4.2M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0M | -11% | -4% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$4.2M | — | — |
| Operating cash flow | $1.6M | — | -59% |
| Free cash flow | $1.6M | — | — |
What changed
Revenue was $9.0M in Q1 2025, down 4% year over year and down 11% from the previous quarter.
Operating costs exceeded revenue by $4.0M, an operating margin of -43.9%. Total costs fell 6% while revenue fell 4%. The quarter ended with a net loss of $4.2M, wider than the previous quarter's $4.2M loss.
Operating cash flow was $1.6M (down 59% year over year). Non-cash charges added back $2.2M of depreciation and amortization and $531K of share-based compensation. Working capital and other items added $3.1M. Capital expenditures of $18K left free cash flow of $1.6M.
Questions
What was Empire Petroleum's revenue in the first quarter 2025?
Empire Petroleum (EP) reported revenue of $9.0M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -11% from the quarter before.
Was Empire Petroleum profitable in the first quarter 2025?
Operating loss was $4.0M (-43.9% of revenue) and net loss $4.2M.
Source: Empire Petroleum 10-Q on SEC EDGAR.