Filing Flows › Empire Petroleum (EP) › Q2 2026
Empire Petroleum (EP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Empire Petroleum (EP) reported revenue of $9.5M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +86% from the quarter before. Operating margin was -16.2%, net loss $1.9M (19.5% of revenue).
Empire Petroleum, Q2 2026: revenue $9.5M (+9% year over year), operating margin -16.2%, net loss $1.9M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5M | +86% | +9% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
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.
Questions
What was Empire Petroleum's revenue in the second quarter 2026?
Empire Petroleum (EP) reported revenue of $9.5M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +86% from the quarter before.
Was Empire Petroleum profitable in the second quarter 2026?
Operating loss was $1.5M (-16.2% of revenue) and net loss $1.9M.
Source: Empire Petroleum 10-Q on SEC EDGAR.