EMPIRE PETROLEUM CORP (EP) FY2025 10-K Annual Report

Filed: Mar 13, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

EMPIRE PETROLEUM CORP (EP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

EMPIRE PETROLEUM CORP FY2025 10-K Analysis

Business Overview

  • Core business: Independent energy company focused on unlocking value in developed oil and natural gas assets in the US
  • New emphasis on Starbuck Drilling Program in North Dakota using EOR production with 13 new wells placed in 2024-2025
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Management Discussion & Analysis

  • Revenue $3.2B, down 4% YoY from $3.33B in prior year
  • Operating margin 12.5% vs 14.1% prior year, decline due to lower oil prices
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Risk Factors

  • Regulatory risk from New Mexico state requirements driving higher 2024 workover expenses, impacting operating costs and production in 2025
  • Macroeconomic risk: 16% decline in average oil price to $60.32/Bbl in 2025 reducing revenues by $9.9 million year-over-year
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EMPIRE PETROLEUM CORP FY2025 Key Financial Metrics
XBRL

Revenue

$34M

-21.6% YoY

Net Income

-$72M

-345.0% YoY

Operating Margin

-208.5%

-17720bp YoY

Net Margin

-210.7%

-17362bp YoY

ROE

1564.8%

+159059bp YoY

Total Assets

$66M

-46.8% YoY

EPS (Diluted)

$-2.12

-292.6% YoY

Operating Cash Flow

-$4M

-164.1% YoY

Source: XBRL data from EMPIRE PETROLEUM CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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