Filing Flows › Empire Petroleum (EP) › Q2 2025
Empire Petroleum (EP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Empire Petroleum (EP) reported revenue of $8.8M for the second quarter 2025 (Q2 2025), -32% from a year earlier and -3% from the quarter before. Operating margin was -56.0%, net loss $5.1M (57.8% of revenue).
Empire Petroleum, Q2 2025: revenue $8.8M (-32% year over year), operating margin -56.0%, net loss $5.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8M | -3% | -32% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$5.1M | — | — |
| Operating cash flow | −$3.1M | -295% | — |
What changed
Revenue was $8.8M in Q2 2025, down 32% year over year and down 3% from the previous quarter.
Operating costs exceeded revenue by $4.9M, an operating margin of -56.0%. Total costs fell 7% while revenue fell 32%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $5.1M, wider than the previous quarter's $4.2M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $2.6M of depreciation and amortization and $486K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $23K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Empire Petroleum's revenue in the second quarter 2025?
Empire Petroleum (EP) reported revenue of $8.8M for the second quarter 2025 (Q2 2025), -32% from a year earlier and -3% from the quarter before.
Was Empire Petroleum profitable in the second quarter 2025?
Operating loss was $4.9M (-56.0% of revenue) and net loss $5.1M.
Source: Empire Petroleum 10-Q on SEC EDGAR.