What is Empire Petroleum's income taxes payable?

Empire Petroleum (EP) reported income taxes payable of $198M in Q1 2026.

How has Empire Petroleum's income taxes payable changed year-over-year?

Empire Petroleum's income taxes payable decreased by 2.0% year-over-year, from $202M to $198M.

What is the long-term trend for Empire Petroleum's income taxes payable?

Over 5 years (2020 to 2025), Empire Petroleum's income taxes payable has grown at a -0.8% compound annual growth rate (CAGR), from $267M to $256M.

What does income taxes payable mean?

Current income taxes owed to federal, state, and local tax authorities for the current and prior periods.

Empire Petroleum EP Income Taxes Payable

Income Taxes Payable at other companies

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$1.63B+29.0%

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$484M+190%

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$766M+14.7%

HF SinclairDINO

$14M+600%

Exxon MobilXOM

$2.76B-46.1%

Xcel EnergyXEL

$697M+10.5%

Other financials

Income statement

See full

Revenue$4.8B+13.8%

Gross profit$3.1B+11.4%

Operating income$1.4B+26.1%

Net income$976.0M+36.1%

EPS (diluted)$0.44+37.5%

Balance sheet

See full

Cash & equivalents$72.0M-10.0%

Total debt$29.9B-0.3%

Total equity$31.3B+2.3%

Total assets$73.1B+1.0%

Cash flow

See full

Operating cash flow$1.5B+28.3%

CapEx$804.0M+5.0%

Free cash flow$687.0M+73.5%

Valuation

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Market cap$118.58M+17.7%

Enterprise value$29.92B+11.9%

P/E0×0.0×

P/S0×0.0×

Profitability

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Gross margin66.9%-2.7pp

Operating margin28.7%+0.9pp

Net margin18.9%+2.2pp

FCF margin18.2%-0.1pp

Returns & leverage

See full

Return on equity10.7%+2.2pp

Debt / equity1×0.0×

Current ratio0.5×+0.1×

Where this comes from

Reported directly by Empire Petroleum in its filing.

Tagged under the XBRL concept us-gaap:TaxesPayableCurrent.

The official record: Empire Petroleum’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Empire Petroleum's income taxes payable?: Empire Petroleum (EP) reported income taxes payable of $198M in Q1 2026.
How has Empire Petroleum's income taxes payable changed year-over-year?: Empire Petroleum's income taxes payable decreased by 2.0% year-over-year, from $202M to $198M.
What is the long-term trend for Empire Petroleum's income taxes payable?: Over 5 years (2020 to 2025), Empire Petroleum's income taxes payable has grown at a -0.8% compound annual growth rate (CAGR), from $267M to $256M.
What does income taxes payable mean?: Current income taxes owed to federal, state, and local tax authorities for the current and prior periods.