Empire Petroleum Corporation  (EP)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy


Empire Petroleum Corporation

EP's Financial Statements and Analysis

Empire Petroleum Corporation reported in III. Quarter net earnings per share of $0.01 a decrease by -90.91 % year on year from $0.11 and decline of -95.83 % from $0.24 earned in II. Quarter (Jun 30 2022).

III. Quarter
Earnings Per Share Revenues
$ 0.01 $  15 Mill
$-0.10     -90.91 % $-1,245M     -98.83 %

Empire Petroleum's Revenue fell by -98.83 % in III. Quarter (Sep 30 2022) year on year, to $15 million and declined by -10.57 % sequentially.

Empire Petroleum is Expected to report next financial results on March 30, 2023.

More on EP's Income Statement

Empire Petroleum's net income of $0.216 million in III. Quarter decreased by -99.75 % from net earnings of $86.000 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -96.1 % from net income of $5.534 million realized in previous quarter.

More on EP's Growth

Inventories declined by -99.08 % to $1.61 million from I. Quarter a year ago, sequentially inventories rose by 34.61 %. EP's Cash flow In III. Quarter company's net cash flow was $3 million

Empire Petroleum Corporation payed out dividend of $0.01 per share in last 52 weeks representing 2.50 % of net earning per share in trailing twelve-month period.

During the same period Empire Petroleum Corporation payed $ -20.69 cash per share, on a free-cash flow basis .