What is Empire Petroleum's terminals — goodwill?

Empire Petroleum (EP) reported terminals — goodwill of $802M in Q4 2025.

What does terminals — goodwill mean?

This represents the carrying value of goodwill specifically allocated to the terminals business segment. It reflects the premium paid over the fair value of net identifiable assets during acquisitions within the midstream storage and terminaling sector. This asset is subject to periodic impairment testing based on the segment's future cash flow projections.

Empire Petroleum EP Terminals — Goodwill

Other segment segments

CO2

$1.03B0.0%

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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/E0×0.0×

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

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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:Goodwill.

The official record: Empire Petroleum’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Empire Petroleum's terminals — goodwill?: Empire Petroleum (EP) reported terminals — goodwill of $802M in Q4 2025.
What does terminals — goodwill mean?: This represents the carrying value of goodwill specifically allocated to the terminals business segment. It reflects the premium paid over the fair value of net identifiable assets during acquisitions within the midstream storage and terminaling sector. This asset is subject to periodic impairment testing based on the segment's future cash flow projections.