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Empire Petroleum
(EP)
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Rating:49Neutral
Price Target:
$3.00
â–¼(-9.09% Downside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by weak financial performance (deep losses, higher leverage including negative equity history, and negative TTM operating/free cash flow). Technicals provide a partial offset with improving trend/momentum above key moving averages. Valuation remains a headwind due to negative earnings (P/E not meaningful), while the corporate event is only a modest factor with some dilution risk.
Positive Factors
Strong TTM revenue rebound
The approximately 228% TTM revenue increase demonstrates that EP has recently expanded its reported top line materially. If supported by production and asset performance, this growth can improve operating leverage, strengthen reinvestment capacity, and provide a broader base for restoring profitability.
Negative Factors
Deeply negative profitability
The sharp swing from profitability in 2022 to sustained losses through 2025 and the TTM period shows that revenue growth is not currently translating into earnings. A net margin near negative 212% indicates substantial pressure from costs, charges, or other expenses that may persist until operations improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM revenue rebound
The approximately 228% TTM revenue increase demonstrates that EP has recently expanded its reported top line materially. If supported by production and asset performance, this growth can improve operating leverage, strengthen reinvestment capacity, and provide a broader base for restoring profitability.
Read all positive factors
Empire Petroleum (EP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$130.14M
Dividend Yield4.17%
Average Volume (3M)27.48K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth-9.01%
EPS Growth-293.99%
CountryUS
Employees61
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-2.06
Shares Outstanding41,597,340
10 Day Avg. Volume26,955
30 Day Avg. Volume27,483
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-22.48
Price to Sales (P/S)3.03
P/FCF Ratio-25.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Empire Petroleum Business Overview & Revenue Model
Company Description
Empire Petroleum Corporation, an entity established in 1983, primarily focuses on discovering and extracting petroleum and natural gas reserves across several U.S. states, including Louisiana, New Mexico, North Dakota, Montana, and Texas. Headquar...
How the Company Makes Money
EP primarily makes money by producing and selling hydrocarbons—crude oil, natural gas, and natural gas liquids—from its oil and gas properties. Revenue is generally generated when produced volumes are sold to purchasers (e.g., marketers, refiners,...
Empire Petroleum Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.26M | 34.20M | 44.04M | 40.14M | 53.27M | 27.68M |
| Gross Profit | 7.97M | -6.61M | 3.47M | 5.38M | 23.80M | 9.79M |
| EBITDA | -57.79M | -57.32M | -4.89M | -8.08M | 10.02M | -7.37M |
| Net Income | -71.30M | -72.07M | -16.20M | -12.47M | 7.08M | -18.61M |
Balance Sheet | ||||||
| Total Assets | 81.08M | 65.87M | 123.87M | 92.62M | 71.55M | 50.09M |
| Cash, Cash Equivalents and Short-Term Investments | 3.12M | 1.19M | 2.25M | 7.79M | 11.94M | 3.61M |
| Total Debt | 16.04M | 15.35M | 11.88M | 6.68M | 8.00M | 9.44M |
| Total Liabilities | 73.76M | 70.48M | 61.10M | 57.66M | 48.31M | 40.26M |
| Stockholders Equity | 7.32M | -4.61M | 62.77M | 34.96M | 23.24M | 9.83M |
Cash Flow | ||||||
| Free Cash Flow | -5.82M | -4.00M | -47.71M | -26.88M | 4.88M | -16.60M |
| Operating Cash Flow | -6.14M | -3.95M | 6.16M | -9.89M | 18.06M | 3.17M |
| Investing Cash Flow | -5.38M | -4.61M | -53.87M | -14.77M | -11.41M | -24.72M |
| Financing Cash Flow | 12.36M | 7.50M | 42.17M | 20.50M | 1.69M | 25.00M |
Empire Petroleum Technical Analysis
Negative
3.30
Price Trends
2.78
Negative
2.77
Negative
2.91
Negative
Market Momentum
0.07
Positive
35.70
Neutral
18.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EP, the sentiment is Negative. The current price of 3.3 is above the 20-day moving average (MA) of 3.02, above the 50-day MA of 2.78, and above the 200-day MA of 2.91, indicating a bearish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 35.70 is Neutral, neither overbought nor oversold. The STOCH value of 18.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EP.
Empire Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $82.07M | 9.19 | 660.72% | 10.78% | 67.43% | 74.16% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $187.15M | -32.01 | -2.92% | 4.03% | 53.71% | -204.13% | |
61 Neutral | $137.96M | -182.74 | -37.43% | 7.87% | -97.54% | -380.00% | |
49 Neutral | $130.14M | -1.25 | -474.82% | 4.17% | -9.01% | -293.99% | |
48 Neutral | $147.95M | -35.51 | -5.44% | 12.97% | -3.16% | -313.41% |
* Energy Sector Average
EP
Empire Petroleum
2.58
-1.63
-38.67%
EPM
Evolution Petroleum
3.70
-0.90
-19.50%
SJT
San Juan Basin Royalty
3.07
-2.76
-47.34%
NRT
North European Oil Royalty
9.37
4.81
105.48%
EPSN
Epsilon Energy
6.27
0.97
18.32%
GLND
Greenland Energy Company
1.30
-8.73
-87.04%
Empire Petroleum Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Empire Petroleum Shareholders Approve New 2026 Incentive Plan
Positive
Jun 22, 2026
At its June 17, 2026 annual meeting, Empire Petroleum stockholders approved a new 2026 Stock and Incentive Compensation Plan, reserving 1.2 million shares for a broad range of equity and cash awards to employees, consultants and non-employee direc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.