Company Analysis

Empire Petroleum Corporation (EP)

NYSE: EP · Crude Petroleum & Natural Gas · Tulsa, OK · filing with the SEC since 1996
Grade2.8
◀ Past 4.2● Present 1.8▶ Future 1.8
2 est.

The grade of Empire Petroleum Corporation

Nine metrics read from its own filings, by tense
Headline grade
2.8/10
◀ Past4.240% of the headline
● Present1.835% of the headline
▶ Future1.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.3/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2022-08-23.

weight 45% of this tense · 43rd percentile among 83 sector filers · read for itself

From the record

Empire Petroleum Corporation's filings since 2017 show 3 warning events of 2 kinds: an auditor change (8-K item 4.01, 2 times, the latest 2022-08-23); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-08-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.1/10

What has it actually done, year after year?

9 filed years; profitable in 1 of 9.

weight 33% of this tense · 51st percentile among 74 sector filers · read for its customers

From the record

Empire Petroleum Corporation's 9 filed years say what it did: it rose in 5 of 7 years; the deepest fall was 35% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 9 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 18% of its family
  • the share of filed years with a profitbottom 7% of its family
  • the deepest fall from a revenue peak35.3%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.8/10

How has it treated the people who own it?

SI estimate 2.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 28th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 28% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 78 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Empire Petroleum Corporation's shareholder treatment is put at 2.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 28% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

1.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
1.3/10

Is it financially healthy right now?

Leverage 107%: owes 107¢ per asset dollar.

weight 45% of this tense · 13th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Empire Petroleum Corporation's shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 107 cents per dollar of assets, and net share issuance: its share count grew 13.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • the share count against the year beforebottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.5/10

How strong is its position in its industry?

bottom 15% of 76 in its family; net margin -210.7%.

weight 33% of this tense · 15th percentile among 76 sector filers · read for its customers

From the record

Empire Petroleum Corporation's standing among 76 graded names in its industry family: revenue of $34 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of -210.7% ranks in the bottom 6%; revenue growth of -13.5% a year over the last 3 filed years ranks in the bottom 22% (its annual reports).

What it rests on

  • revenue against the family$34.2Mbottom 17% of its family
  • net margin-210.7%bottom 6% of its family
  • three-year revenue growth-13.5%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.4/10

What are the people in charge doing?

bottom 34% of 51 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 34th percentile among 51 sector filers · read for its shareholders

From the record

Empire Petroleum Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Morrisett, Michael R. (President & CEO, as filed), filing under that title since 2024-04-24, 2.6 years (bottom 49% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 4.7 years (bottom 32%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 7 peoplebottom 21% of its family
  • the median years the people in charge have filed4.7 yearsbottom 32% of its family
  • the chief executive's years on the record2.6 yearsbottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

1.8/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
4.5/10

How much room does it have to grow?

bottom 45% of 74 in its family for room to expand.

weight 22% of this tense · 45th percentile among 74 sector filers · read for itself

From the record

Empire Petroleum Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $1 million against no long-term debt tagged leaves 1.8% of its assets as net cash, top 24% of its family; cash from operations less capital spending is -11.5% of revenue (bottom 15%) (its annual report).

What it rests on

  • cash less debt against assets1.8%top 24% of its family
  • cash from operations less capital spending against revenue-11.5%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

SI estimate
1.3/10

What could actually drive growth from here?

SI estimate 1.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 13th percentile among 73 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the newest year's revenue growth, which ranks in the bottom 13% of 73 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
one part: the newest year's revenue growth, the one part on file, ranked among 73 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Empire Petroleum Corporation's growth drivers is put at 1.3 of 10 with a confidence of 35 of 100, because read from one part only, the newest year's revenue growth, which ranks in the bottom 13% of 73 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending. A filing that carries the missing parts replaces this estimate with the filed reading.

Expectations vs reality

as filed
0.9/10

Did its newest year beat what its own record pointed to?

bottom 9% of 69 in its family for expectations against reality.

weight 45% of this tense · 9th percentile among 69 sector filers · read for its shareholders

From the record

Empire Petroleum Corporation's newest year against its own record: revenue of $34 million in fiscal 2025 came in 13.8% below the $40 million its prior three years' pace pointed to (bottom 22% of its family); net income of $72 million against a prior three-year average of $7 million (bottom 3%); a net margin of a loss larger than its revenue against -18.3% before (bottom 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-13.8%bottom 22% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 3% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EP · research, not advice