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

Empire Petroleum's Leverage Ratio

EP's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 28.72%, Leverage Ratio fell to 3.05, below the Empire Petroleum's average Leverage Ratio.

Within Oil And Gas Production industry in the third quarter 2023, 73 other companies have achieved lower Leverage Ratio than Empire Petroleum in the III Quarter 2023. While Leverage Ratio total ranking has improved so far in the third quarter 2023 to 2470, from total ranking in the second quarter 2023 at 2785 .

Explain Leverage Ratio?
Who are EP Customers?
What are EP´s Total Liabilities?


EP Leverage Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity Change -22.42 % -19.81 % 40.69 % 136.28 % -99.46 %
Y / Y Total Liabilities Change 36.85 % 8.18 % 15.93 % 20.01 % -99.79 %
Leverage Ratio MRQ 3.05 2.44 2.3 2.08 1.73
EP's Total Ranking # 2470 # 2785 # 2909 # 2694 # 2526
Seq. Equity Change 2.8 % -6.55 % -15.65 % -4.26 % 6.26 %
Seq. Total Liabilities Change 28.72 % -1.02 % -6.68 % 15.1 % 1.75 %



Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 74
Energy Sector # 104
Overall Market # 2470


Leverage Ratio Statistics
High Average Low
8.39 5.02 1.73
(Dec. 31. 2005)   (Sep 30 2022)




Financial Statements
Empire Petroleum's Equity $ 19 Millions Visit EP's Balance sheet
Empire Petroleum's Total Liabilities $ 57 Millions Visit EP's Balance sheet
Source of EP's Sales Visit EP's Sales by Geography


Cumulative Empire Petroleum's Leverage Ratio

EP's Leverage Ratio for the trailling 12 Months

EP Leverage Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity TTM Growth -22.42 % -19.81 % 40.69 % 136.28 % -99.46 %
Y / Y Total Liabilities TTM Growth 36.85 % 8.18 % 15.93 % 20.01 % -99.79 %
Leverage Ratio TTM 2.44 2.11 1.96 2.02 2.29
Total Ranking TTM # 3022 # 2905 # 11 # 71 # 2597
Seq. Equity TTM Growth 2.8 % -6.55 % -15.65 % -4.26 % 6.26 %
Seq. Total Liabilities TTM Growth 28.72 % -1.02 % -6.68 % 15.1 % 1.75 %


On the trailing twelve months basis Due to the net new borrowings of 28.72% during the trailing twelve months finishing in the III Quarter 2023, cumulativeLeverage Ratio improved to 2.44, below the Empire Petroleum's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Oil And Gas Production industry 76, during the past 12 months, other companies have achieved lower Leverage Ratio than Empire Petroleum. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 2905 to 3022.

Explain Leverage Ratio?
Who are EP Customers?
What are EP´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 77
Energy Sector # 105
Within the Market # 3022


trailing twelve months Leverage Ratio Statistics
High Average Low
7.87 4.77 1.96
(Dec. 31. 2005)   (Mar 31 2023)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Oil And Gas Production Industry Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Equity
Apa Corporation  5.34 $ 11,252.000  Millions$ 2,107.000  Millions
North American Construction Group Ltd   3.34 $ 911.405  Millions$ 273.197  Millions
Kosmos Energy ltd   3.29 $ 3,286.119  Millions$ 999.669  Millions
Crescent Energy Company  3.15 $ 5,117.422  Millions$ 1,627.078  Millions
Empire Petroleum Corporation  3.05 $ 57.439  Millions$ 18.828  Millions
Camber Energy Inc   2.83 $ 82.693  Millions$ 29.189  Millions
Gran Tierra Energy Inc   2.38 $ 937.904  Millions$ 394.540  Millions
Oceaneering International Inc  2.16 $ 1,235.734  Millions$ 572.335  Millions
Blue Dolphin Energy Company  2.11 $ 69.197  Millions$ 32.846  Millions
Tetra Technologies Inc   2.10 $ 296.164  Millions$ 141.137  Millions
Northern Oil And Gas Inc   2.05 $ 2,889.582  Millions$ 1,407.793  Millions
Occidental Petroleum Corporation  1.59 $ 46,749.000  Millions$ 29,312.000  Millions
Halliburton Company  1.57 $ 14,423.000  Millions$ 9,189.000  Millions
Par Pacific Holdings Inc   1.52 $ 1,628.870  Millions$ 1,071.259  Millions
Verde Bio Holdings Inc   1.51 $ 2.324  Millions$ 1.536  Millions
Profrac Holding Corp   1.47 $ 1,914.500  Millions$ 1,304.300  Millions
Vital Energy inc   1.46 $ 2,586.822  Millions$ 1,773.064  Millions
Continental Resources Inc  1.46 $ 13,204.651  Millions$ 9,064.029  Millions
Aris Water Solutions inc   1.38 $ 937.059  Millions$ 678.794  Millions
Comstock Resources Inc   1.38 $ 3,145.611  Millions$ 2,282.757  Millions
Ncs Multistage Holdings Inc   1.30 $ 89.519  Millions$ 68.686  Millions
Talos Energy Inc   1.30 $ 2,672.150  Millions$ 2,062.062  Millions
Core Laboratories Inc   1.29 $ 296.115  Millions$ 229.450  Millions
Schlumberger Limited  1.23 $ 24,272.000  Millions$ 19,707.000  Millions
Riley Exploration Permian Inc   1.22 $ 472.453  Millions$ 388.780  Millions
Berry Corporation bry   1.21 $ 859.458  Millions$ 708.119  Millions
Earthstone Energy Inc   1.20 $ 3,098.453  Millions$ 2,581.901  Millions
Shell Plc  1.16 $ 217,908.000  Millions$ 188,362.000  Millions
Cnx Resources Corporation  1.15 $ 4,535.323  Millions$ 3,957.314  Millions
Civitas Resources inc   1.13 $ 6,820.935  Millions$ 6,020.633  Millions

Date modified: 2023-11-14T21:29:46+00:00



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