Filing Flows › Empire Petroleum (EP) › Q4 2025
Empire Petroleum (EP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Empire Petroleum (EP) reported revenue of $7.1M for the fourth quarter 2025 (Q4 2025), -30% from a year earlier and -25% from the quarter before. Operating margin was -834.5%, net loss $59.0M (835.1% of revenue).
Empire Petroleum, Q4 2025: revenue $7.1M (-30% year over year), operating margin -834.5%, net loss $59.0M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -25% | -30% |
| Operating profit | −$58.9M | — | — |
| Net earnings | −$59.0M | — | — |
| Operating cash flow | −$2.8M | -934% | — |
What changed
Revenue was $7.1M in Q4 2025, down 30% year over year and down 25% from the previous quarter. Total Product Revenues was the largest line at 100% of revenue.
Operating costs exceeded revenue by $58.9M, an operating margin of -834.5%. Total costs grew 371% against a revenue fall of 30%. The fastest-growing cost line was Other operating costs (+542%). The quarter ended with a net loss of $59.0M, wider than the previous quarter's $3.8M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $3.0M of depreciation and amortization and $168K of share-based compensation. Working capital and other items added $53.0M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Empire Petroleum's revenue in the fourth quarter 2025?
Empire Petroleum (EP) reported revenue of $7.1M for the fourth quarter 2025 (Q4 2025), -30% from a year earlier and -25% from the quarter before.
Was Empire Petroleum profitable in the fourth quarter 2025?
Operating loss was $58.9M (-834.5% of revenue) and net loss $59.0M.
Source: Empire Petroleum 10-K on SEC EDGAR.