EMPIRE PETROLEUM CORPEPEarnings & Financial Report
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It was jointly owned by some of the world's largest oil companies and headquartered in London, England.
EP Q3 2025 Key Financial Metrics
Revenue
$9.4M
Gross Profit
N/A
Operating Profit
$-3.5M
Net Profit
$-3.8M
Gross Margin
N/A
Operating Margin
-37.8%
Net Margin
-40.9%
YoY Growth
-17.5%
EPS
$-0.11
Financial Flow
EMPIRE PETROLEUM CORP Q3 2025 Financial Summary
EMPIRE PETROLEUM CORP reported revenue of $9.4M for Q3 2025, with a net profit of $-3.8M (-40.9% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $9.4M |
|---|---|
| Net Profit | $-3.8M |
| Gross Margin | N/A |
| Operating Margin | -37.8% |
| Report Period | Q3 2025 |
EMPIRE PETROLEUM CORP Annual Revenue by Year
EMPIRE PETROLEUM CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $43.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $43.7M |
| 2023 | $40.1M |
| 2022 | $52.9M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.2M | $9.4M | $12.8M | $11.4M | $10.1M | $9.0M | $8.8M | $9.4M |
| YoY Growth | 31.3% | -6.6% | 31.8% | 24.4% | -9.7% | -4.1% | -31.6% | -17.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $92.6M | $100.1M | $119.9M | $121.2M | $123.9M | $123.7M | $124.7M | $123.0M |
| Liabilities | $57.7M | $68.4M | $61.3M | $64.7M | $61.1M | $64.6M | $70.2M | $69.3M |
| Equity | $35.0M | $31.7M | $58.7M | $56.5M | $62.8M | $59.1M | $54.5M | $53.7M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.9M | $3.9M | $-1.8M | $12.8M | $-8.8M | $1.6M | $-3.1M | $330000 |
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