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Empire Petroleum EP Q3 2025 earnings

Reported November 17, 2025 · Before market open

Next report

Aug 13, 2026 (in a month)

Financials

Q3 2025

Income statement

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Revenue$4.1B+12.1%
Gross profit$2.8B+2.8%
Operating income$1.1B+4.7%
Net income$628.0M+0.5%
EPS (diluted)$0.280.0%

Balance sheet

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Cash & equivalents$71.0M-34.3%
Total debt$31.5B+4.8%
Total equity$30.7B+1.1%
Total assets$72.3B+2.0%

Cash flow

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Operating cash flow$1.4B+13.2%
CapEx$793.0M+20.7%
Free cash flow$621.0M+4.9%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$62.91B+28.3%
Enterprise value$94.34B+19.5%
P/E23.1×+3.8×
P/S3.8×+0.6×

Profitability

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Gross margin67.6%-3.1pp
Operating margin27.2%-1.7pp
Net margin16.6%-0.2pp
FCF margin16.8%-9.4pp

Returns & leverage

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Return on equity8.9%+0.5pp
Debt / equity0.0×
Current ratio0.6×+0.2×

Segments

By product

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Total Services Revenue$2.0B+6.0%
Firm Services$1.3B+7.0%
Natural Gas Sales$960.0M+69.0%
Product Other Than Natural Gas$748.0M-8.0%
Feebasedservices$681.0M+4.1%

By segment

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Natural Gas Pipelines$2.7B+23.0%
Products Pipelines$677.0M-4.8%
Terminals$518.0M+4.0%
Co2$282.0M-11.6%

By geography

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US$4.2B+12.4%
MX$2.8M-74.4%

Versus estimates

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Questions, answered.

When did Empire Petroleum report Q3 2025 earnings?
Empire Petroleum (EP) reported Q3 2025 earnings on November 17, 2025 before market open.
What were Empire Petroleum's Q3 2025 revenue and EPS?
Empire Petroleum reported revenue of $9.4M and diluted EPS of $-0.12 for Q3 2025.
How did Empire Petroleum's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 13.9% from $10.9M a year earlier and diluted EPS grew 0.0% from $-0.12.
Where can I find Empire Petroleum's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001506307-25-000065) directly on SEC EDGAR. The filing index links above go to sec.gov.