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.
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
EMPIRE PETROLEUM CORP Q3 FY2025 Financial Summary
EMPIRE PETROLEUM CORP reported revenue of $9.4M (down 17.5% YoY) for Q3 FY2025, with a net profit of $-3.8M (down 5.6% YoY) (-40.9% margin).
Key Financial Metrics
| Total Revenue | $9.4M |
|---|---|
| Net Profit | $-3.8M |
| Gross Margin | N/A |
| Operating Margin | -37.8% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
EMPIRE PETROLEUM CORP Q3 FY2025 revenue of $9.4M breaks down across 2 segments, led by Crude Oil at $8.8M (93.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Crude Oil | $8.8M | 93.6% |
| Other | $598.0K | 6.4% |
EMPIRE PETROLEUM CORP Annual Revenue by Year
EMPIRE PETROLEUM CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $34.2M |
| 2024 | $43.6M |
| 2023 | $40.1M |
| 2022 | $52.9M |
EMPIRE PETROLEUM CORP Quarterly Revenue & Net Profit History
EMPIRE PETROLEUM CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $7.1M | -30.0% | $-59.0M | -835.1% |
| Q3 FY2025 | $9.4M | -17.5% | $-3.8M | -40.9% |
| Q2 FY2025 | $8.8M | -31.6% | $-5.1M | -57.8% |
| Q1 FY2025 | $9.0M | -4.1% | $-4.2M | -46.9% |
| Q4 FY2024 | $10.1M | -9.7% | $-4.2M | -41.6% |
| Q3 FY2024 | $11.4M | +24.4% | $-3.6M | -32.0% |
| Q2 FY2024 | $12.8M | +31.8% | $-4.4M | -34.3% |
| Q1 FY2024 | $9.4M | -6.6% | $-4.0M | -42.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4M | $12.8M | $11.4M | $10.1M | $9.0M | $8.8M | $9.4M | $7.1M |
| YoY Growth | -6.6% | 31.8% | 24.4% | -9.7% | -4.1% | -31.6% | -17.5% | -30.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $100.1M | $119.9M | $121.2M | $123.9M | $123.7M | $124.7M | $123.0M | $65.9M |
| Liabilities | $68.4M | $61.3M | $64.7M | $61.1M | $64.6M | $70.2M | $69.3M | $70.5M |
| Equity | $31.7M | $58.7M | $56.5M | $62.8M | $59.1M | $54.5M | $53.7M | $-4.6M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.9M | $-1.8M | $12.8M | $-8.8M | $1.6M | $-3.1M | $330000 | $-2.8M |