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Empire Petroleum Corporation  (EP)
Other Ticker:  
 
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy
 
Price: $5.1200 $0.20 4.065%
Day's High: $5.14 Week Perf: 4.07 %
Day's Low: $ 4.91 30 Day Perf: 8.94 %
Volume (M): 34 52 Wk High: $ 10.99
Volume (M$): $ 173 52 Wk Avg: $6.74
Open: $4.95 52 Wk Low: $4.06



 Market Capitalization (Millions $) 153
 Shares Outstanding (Millions) 30
 Employees -
 Revenues (TTM) (Millions $) 43
 Net Income (TTM) (Millions $) -16
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 2

Empire Petroleum Corporation
We are an energy company originally founded in 1928 in El Paso, Texas. For many years, we served as a regional pipeline company conducting business mainly in the western United States. Since 1996, we have grown into an international energy company whose operations extend from natural gas production and extraction to power generation. Our growth during this period has been accomplished through several significant acquisitions and internal growth initiatives, each of which has expanded our competitive abilities in energy markets in the United States and abroad.


   Company Address: 2200 S. Utica Place Tulsa 74114 OK
   Company Phone Number: 444-8002   Stock Exchange / Ticker: NYSEAMER EP


Customers Net Income fell by EP's Customers Net Profit Margin fell to

-3.66 %
8.78 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW   -5.26%    
EOG   -0.94%    
FANG   -3.79%    
MRO   -1.88%    
OXY   -2.17%    
PARR        0.05% 
• View Complete Report
   



Empire Petroleum Corporation

Empire Petroleum's Losses Deepen in Q1 2023 Amidst Rising Industry Competition and Weak Demand

Weak Demand Causes Empire Petroleum Corporation to Struggle Amidst Growing Industry Competition
Empire Petroleum Corporation has recently reported a fall in revenue for its most recent fiscal period, with the net loss per share rising at $-0.11 from $0.15. The Oil and Gas Production industry has seen significant growth in competition, leading to a decrease in demand for products from Empire Petroleum Corporation.
The fourth-quarter revenue improved by 18.148 %, but the loss still increased from $-0.10 per share. The company logged a net loss of $-2.460 million in the first quarter of 2023, instead of the net proceeds of $3.623 million seen in the comparable reporting season a year before. The decline in revenue has impacted the overall ranking of Empire Petroleum Corporation, which has deteriorated compared to the fourth quarter of 2022.






Empire Petroleum's Segments





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