Empire Petroleum Corporation (EP) AI Stock Analysis

Empire Petroleum Corporation is an oil and gas exploration and development company with operations spanning Louisiana, New Mexico, North Dakota, Montana, and Texas. Founded in 1983 as Americomm Resources Corporation and rebranded in August 2001, the Tulsa, Oklahoma-based company leverages technical know-how to extract value from oil and gas interests across diverse geological formations. Employing 61 people, Empire Petroleum focuses on expanding its asset portfolio through strategic exploration and resource development initiatives while following environmental and regulatory standards.

Empire Petroleum experienced significant revenue swings over recent fiscal years. Top-line revenue increased from $27.7M in FY2021 to $53.3M in FY2022, before falling 24.7% to $40.1M in FY2023. Revenue rebounded to $44.0M in FY2024 but dropped 22.3% to $34.2M in FY2025. Over the five years from FY2020 to FY2025, revenue delivered a compound annual growth rate of 41.7%. Profitability deteriorated in FY2025, with gross margin dropping to -19.3%, operating margin reaching -58.6%, and net loss expanding to -$72.1M. For the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 27.0% year-over-year, bringing trailing twelve month revenue to $35.3M.

As of June 30, 2026, Empire Petroleum held $3.1M in cash and short-term investments and $16.0M in total debt, resulting in net debt of $12.9M. Shareholders' equity was $7.3M against total assets of $81.1M, yielding a debt-to-equity ratio of 2.19 and a current ratio of 0.42. During FY2025, operating cash flow was -$3.9M and capital expenditures were $54,000, leading to free cash flow of -$4.0M. The company raised $3.1M from share issuances in FY2025, contributing to a 5-year share count increase of 71.8%.

At a last close of $3.22 on October 16, 2026, Empire Petroleum carried a market capitalization of $134.0M and an enterprise value of $105.7M. The stock traded at a price-to-sales multiple of 3.8x, compared to 1.8x for the median of its US-listed Energy peers. Its EV-to-EBITDA ratio stood at 61.6x, well above the peer median of 8.0x. Over the past year, EP returned -8.5% compared to a 16.8% return for the S&P 500 benchmark SPY. Over five years, the stock fell 64.5% while SPY gained 83.0%.

Empire Petroleum has no published Wall Street consensus ratings, mean price targets, or earnings per share estimates on record. The company's next scheduled earnings date is November 16, 2026. Over the trailing twelve months ended June 30, 2026, diluted earnings per share were -$2.06. Insider ownership accounted for 60.3% of shares, while institutional investors held 5.6% and short interest represented 1.3% of the float.

This page is an AI-written research summary of Empire Petroleum Corporation (EP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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