Filing Flows › Empire Petroleum (EP) › Q1 2026
Empire Petroleum (EP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Empire Petroleum (EP) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -28% from the quarter before. Operating margin was -109.4%, net loss $6.6M (130.2% of revenue).
Empire Petroleum, Q1 2026: revenue $5.1M (-43% year over year), operating margin -109.4%, net loss $6.6M, operating cash flow −$970K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -28% | -43% |
| Operating profit | −$5.6M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$970K | — | -160% |
What changed
Revenue was $5.1M in Q1 2026, down 43% year over year and down 28% from the previous quarter.
Operating costs exceeded revenue by $5.6M, an operating margin of -109.4%. Total costs fell 18% while revenue fell 43%. The quarter ended with a net loss of $6.6M, narrower than the previous quarter's $59.0M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $1.4M of depreciation and amortization and $189K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $13K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Empire Petroleum's revenue in the first quarter 2026?
Empire Petroleum (EP) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -28% from the quarter before.
Was Empire Petroleum profitable in the first quarter 2026?
Operating loss was $5.6M (-109.4% of revenue) and net loss $6.6M.
Source: Empire Petroleum 10-Q on SEC EDGAR.