What does terminals — unrealized gain (loss) on derivatives mean?

The non-cash change in the fair value of derivative contracts held by the terminals segment to hedge against price fluctuations in commodities or interest rates. Since these gains or losses are unrealized, they reflect market volatility rather than actual cash flow from operations. This metric helps isolate the impact of hedging activities on segment earnings.

Empire Petroleum EP Terminals — Unrealized Gain (Loss) on Derivatives

Other segment segments

Natural Gas Pipelines

-$75M+6.3%

CO2

-$21M-2,000%

Products Pipelines

-$5M-400%

Similar metrics at other companies

CRCLUnrealized Gain (Loss) on Derivatives

$0+100%

MKSIUnrealized Gain (Loss) on Derivatives

$0+100%

ZSUnrealized Gain (Loss) on Derivatives

$4.09M+527%

EPDUnrealized Gain (Loss) on Derivatives and Commodity Contracts

-$98M-133%

APDUnrealized Gain (Loss) on Derivatives, Net

-$2.1M-154%

WMBUnrealized Gain (Loss) on Derivatives, Net

$0+100%

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:UnrealizedGainLossOnDerivatives.

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 terminals — unrealized gain (loss) on derivatives?: Empire Petroleum (EP) reported terminals — unrealized gain (loss) on derivatives of -$1M in Q1 2026.
What does terminals — unrealized gain (loss) on derivatives mean?: The non-cash change in the fair value of derivative contracts held by the terminals segment to hedge against price fluctuations in commodities or interest rates. Since these gains or losses are unrealized, they reflect market volatility rather than actual cash flow from operations. This metric helps isolate the impact of hedging activities on segment earnings.