What is Empire Petroleum's net debt?

Empire Petroleum (EP) reported net debt of $29.8B in Q1 2026.

How has Empire Petroleum's net debt changed year-over-year?

Empire Petroleum's net debt decreased by 0.3% year-over-year, from $29.89B to $29.8B.

What is the long-term trend for Empire Petroleum's net debt?

Over 5 years (2020 to 2025), Empire Petroleum's net debt has grown at a -0.2% compound annual growth rate (CAGR), from $31.25B to $30.93B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Empire Petroleum EP Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

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

See full

Return on equity10.7%+2.2pp

Debt / equity1×0.0×

Current ratio0.5×+0.1×

Where this comes from

Calculated from Empire Petroleum’s reported figures.

$29.9Btotal debt−$72.0Mcash and equivalents=$29.8B

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 net debt?: Empire Petroleum (EP) reported net debt of $29.8B in Q1 2026.
How has Empire Petroleum's net debt changed year-over-year?: Empire Petroleum's net debt decreased by 0.3% year-over-year, from $29.89B to $29.8B.
What is the long-term trend for Empire Petroleum's net debt?: Over 5 years (2020 to 2025), Empire Petroleum's net debt has grown at a -0.2% compound annual growth rate (CAGR), from $31.25B to $30.93B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.