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Empire Petroleum EP Firm Services — Revenues from customers

Other product segments

Service
$8.06B+6.7%
Oil And Gas Service
$2.36B
Total Services Revenue
$2.17B+7.8%
Natural Gas Sales
$1.45B+46.3%
Product Other Than Natural Gas
$786M-4.1%
Feebasedservices
$707M+5.8%
Other sales
$44M+15.8%

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Other financials

Income statement

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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

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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

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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×
P/S0.0×

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

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Return on equity10.7%+2.2pp
Debt / equity0.0×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by Empire Petroleum in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 firm services — revenues from customers?
Empire Petroleum (EP) reported firm services — revenues from customers of $1.46B in Q1 2026.
How has Empire Petroleum's firm services — revenues from customers changed year-over-year?
Empire Petroleum's firm services — revenues from customers increased by 8.8% year-over-year, from $1.34B to $1.46B.
What is the long-term trend for Empire Petroleum's firm services — revenues from customers?
Over 4 years (2021 to 2025), Empire Petroleum's firm services — revenues from customers has grown at a 4.9% compound annual growth rate (CAGR), from $4.41B to $5.34B.
What does firm services — revenues from customers mean?
This metric represents the revenue generated from long-term, take-or-pay, or reservation-based contracts for pipeline capacity and storage services. These agreements provide customers with guaranteed access to infrastructure, ensuring stable and predictable cash flows for the company regardless of actual throughput volume. It serves as a primary indicator of the stability and contractual backing of the firm's midstream asset portfolio.