Empire Petroleum EP Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Income by Business | ||||||
| CO2 | $168M-7.2% | $146M-7.6% | $135M-20.6% | $150M-27.2% | $181M+14.6% | |
| Natural Gas Pipelines | $1.71B+17.8% | $1.8B+29.3% | $1.39B+7.5% | $1.44B+17.0% | $1.45B-4.0% | |
| Products Pipelines | $320M+17.2% | $307M+1.7% | $288M+3.6% | $289M-4.0% | $273M-6.5% | |
| Terminals | $329M+19.6% | $294M+4.6% | $274M+2.2% | $300M+6.8% | $275M+2.2% | |
| Revenues from customers by Business | ||||||
| Co2 | $305M-2.2% | $286M-1.0% | $282M-11.6% | $290M-5.2% | $312M+3.3% | |
| Natural Gas Pipelines | $3.3B+19.7% | $3.04B+24.9% | $2.68B+23.0% | $2.54B+27.2% | $2.75B+17.9% | |
| Products Pipelines | $687M+3.6% | $655M-11.5% | $677M-4.8% | $691M-11.0% | $663M-8.9% | |
| Terminals | $565M+9.1% | $535M+3.1% | $518M+4.0% | $533M+4.7% | $518M+4.4% | |
| Revenue Not from Contract with Customer by Business | ||||||
| Co2 | -$17M-242% | $41M+242% | $26M+117% | $36M+550% | $12M+186% | |
| Natural Gas Pipelines | $151M+15.3% | $216M+25.6% | $159M-9.1% | $149M+3.5% | $131M-42.0% | |
| Products Pipelines | $50M-3.8% | $53M-8.6% | $52M-8.8% | $61M+3.4% | $52M-10.3% | |
| Terminals | $193M+4.9% | $187M+8.1% | $186M+11.4% | $190M+15.9% | $184M+13.6% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| CO2 | -$6M— | $1M— | $0— | -$1M+97.5% | $0+100% | |
| Natural Gas Pipelines | -$11M-10.0% | -$130M-767% | -$6M+14.3% | -$13M-1,400% | -$10M+73.7% | |
| Products Pipelines | $0— | $0+100% | $0— | -$1M— | $0— | |
| Terminals | $0-100% | -$4M— | $0+100% | -$3M+62.5% | $1M+150% | |
| Other by Business | ||||||
| CO2 | $4M-20.0% | $3M-50.0% | $3M-25.0% | $4M-20.0% | $5M-16.7% | |
| Natural Gas Pipelines | $29M+31.8% | $29M+16.0% | $26M0.0% | $27M+8.0% | $22M-68.1% | |
| Products Pipelines | $7M0.0% | $7M+40.0% | $6M-14.3% | $6M0.0% | $7M+16.7% | |
| Terminals | $0— | $0— | $0— | $0— | $0— | |
| Other intangibles, net by Business | ||||||
| CO2 | $403M-9.8% | $414M-9.6% | $425M— | $436M— | $447M— | |
| Natural Gas Pipelines | $884M+6.4% | $900M+31.0% | $800M— | $816M— | $831M— | |
| Products Pipelines | $387M-32.7% | $403M-32.5% | $536M— | $552M— | $575M— | |
| Terminals | $12M-20.0% | $13M-27.8% | $13M— | $14M— | $15M— | |
| Total Assets by Business | ||||||
| Co2 | $3.5B-2.7% | $3.61B+0.7% | $3.59B-0.3% | $3.64B+2.7% | $3.6B+4.3% | |
| Natural Gas Pipelines | $52.93B+3.2% | $52.55B+4.3% | $51.61B+3.4% | $51.46B+3.5% | $51.31B+3.3% | |
| Products Pipelines | $8.07B-6.3% | $8.04B-6.9% | $8.51B-1.3% | $8.55B-1.4% | $8.62B-1.5% | |
| Terminals | $7.87B-1.7% | $7.92B-2.1% | $7.94B-2.1% | $7.97B-2.3% | $8.01B-2.5% | |
| Costs of sales (exclusive of items shown separately below) by Business | ||||||
| CO2 | $28M+3.7% | $24M+14.3% | $22M+4.8% | $21M+10.5% | $27M+28.6% | |
| Natural Gas Pipelines | $1.43B+25.0% | $1.18B+35.7% | $1.09B+61.8% | $890M+57.0% | $1.15B+56.6% | |
| Products Pipelines | $281M-4.1% | $246M-29.1% | $281M-13.5% | $292M-21.7% | $293M-16.0% | |
| Terminals | $16M+6.7% | $12M0.0% | $9M+12.5% | $14M+16.7% | $15M+50.0% | |
| Taxes, other than income taxes by Business | ||||||
| CO2 | $11M-15.4% | $14M-6.7% | $12M-29.4% | $12M-14.3% | $13M-7.1% | |
| Natural Gas Pipelines | $79M+9.7% | $72M+7.5% | $70M+9.4% | $73M+5.8% | $72M+4.3% | |
| Products Pipelines | $10M-16.7% | $12M+20.0% | $10M-9.1% | $11M0.0% | $12M+9.1% | |
| Terminals | $12M-7.7% | $12M0.0% | $16M+23.1% | $14M0.0% | $13M-7.1% | |
| Leasing services by Business | ||||||
| CO2 | $17M0.0% | $17M-5.6% | $18M-5.3% | $18M+5.9% | $17M+41.7% | |
| Natural Gas Pipelines | $110M-1.8% | $115M0.0% | $115M0.0% | $113M-0.9% | $112M-2.6% | |
| Products Pipelines | $44M-2.2% | $46M-13.2% | $46M-8.0% | $55M+3.8% | $45M-15.1% | |
| Terminals | $193M+4.9% | $187M+8.1% | $186M+11.4% | $190M+15.9% | $184M+13.6% | |
| Salary and Wage, Excluding Cost of Good and Service Sold by Business | ||||||
| CO2 | $13M+8.3% | $14M+16.7% | $13M+8.3% | $14M+7.7% | $12M-7.7% | |
| Natural Gas Pipelines | $86M+7.5% | $83M0.0% | $84M+3.7% | $84M+5.0% | $80M+2.6% | |
| Products Pipelines | $34M+6.3% | $33M0.0% | $34M+6.3% | $33M+3.1% | $32M+3.2% | |
| Terminals | $69M-1.4% | $73M+7.4% | $70M0.0% | $69M+1.5% | $70M+4.5% | |
| Earnings from equity investments by Business | ||||||
| CO2 | $8M+33.3% | $7M0.0% | $6M-14.3% | $4M-33.3% | $6M-14.3% | |
| Natural Gas Pipelines | $225M+14.8% | $224M+16.7% | $212M+21.8% | $185M+5.7% | $196M-5.3% | |
| Products Pipelines | $18M+12.5% | $14M0.0% | $13M-18.8% | $15M+25.0% | $16M+6.7% | |
| Terminals | $3M+50.0% | —— | -$10M-600% | $2M0.0% | $2M0.0% | |
| Other Cost and Expense, Operating by Business | ||||||
| Co2 | $57M+7.5% | $61M-10.3% | $64M+18.5% | $64M+3.2% | $53M-7.0% | |
| Natural Gas Pipelines | $199M+4.2% | $242M+6.1% | $237M+0.4% | $231M+8.5% | $191M+7.9% | |
| Products Pipelines | $40M-16.7% | $49M+14.0% | $52M-7.1% | $60M+15.4% | $48M+14.3% | |
| Terminals | $137M-2.1% | $147M+3.5% | $135M-4.9% | $136M-2.2% | $140M+3.7% | |
| Investments by Business | ||||||
| Co2 | $68M-5.6% | $67M-9.5% | $68M— | $70M— | $72M— | |
| Natural Gas Pipelines | $7.08B-2.8% | $6.96B-4.0% | $7.17B— | $7.26B— | $7.28B— | |
| Products Pipelines | $381M-2.6% | $381M-1.6% | $386M— | $394M— | $391M— | |
| Terminals | $122M-7.6% | $122M-7.6% | $122M— | $132M— | $132M— | |
| Derivatives adjustments on commodity sales by Business | ||||||
| CO2 | -$38M-280% | $21M+275% | $5M+145% | $14M+147% | -$10M+68.8% | |
| Natural Gas Pipelines | $12M+500% | $72M+125% | $18M-47.1% | $9M+80.0% | -$3M-107% | |
| Products Pipelines | -$1M— | $0— | $0— | $0— | $0+100% | |
| Terminals | $0— | $0— | $0— | $0— | $0— | |
| Unrealized Gain (Loss) on Derivatives by Business | ||||||
| CO2 | -$21M-2,000% | $1M+133% | -$1M-113% | $5M+400% | -$1M+87.5% | |
| Natural Gas Pipelines | -$75M+6.3% | $40M+187% | -$12M-186% | $89M+2,325% | -$80M-105% | |
| Products Pipelines | -$5M-400% | $0— | $0-100% | $0— | -$1M0.0% | |
| Terminals | -$1M— | —— | —— | —— | —— | |
| Capital Expenditures by Business | ||||||
| CO2 | $63M-35.1% | $64M-36.6% | $79M-21.0% | $88M+33.3% | $97M+22.8% | |
| Natural Gas Pipelines | $610M+23.7% | $618M+17.0% | $572M+37.8% | $409M+16.9% | $493M+36.6% | |
| Products Pipelines | $38M-53.1% | $50M-10.7% | $53M0.0% | $58M+13.7% | $81M+62.0% | |
| Terminals | $70M-7.9% | $94M-1.1% | $79M-1.3% | $77M-26.0% | $76M-28.3% | |
| Fuel and power by Business | ||||||
| CO2 | $25M-21.9% | $33M+3.1% | $42M-22.2% | $34M+6.3% | $32M-8.6% | |
| Natural Gas Pipelines | $26M+36.8% | $25M+47.1% | $23M+27.8% | $20M+5.3% | $19M-5.0% | |
| Products Pipelines | $20M-4.8% | $22M-8.3% | $25M-3.8% | $22M0.0% | $21M+5.0% | |
| Terminals | $5M-16.7% | $5M0.0% | $4M-20.0% | $5M0.0% | $6M+20.0% | |
| Depreciation, depletion, and amortization by Business | ||||||
| Co2 | $114M+22.6% | $99M+11.2% | $98M+12.6% | $88M-1.1% | $93M+4.5% | |
| Natural Gas Pipelines | $297M+3.5% | $298M+6.8% | $294M+6.5% | $294M+6.9% | $287M+4.4% | |
| Products Pipelines | $84M-12.5% | $84M-12.5% | $81M-10.0% | $97M+7.8% | $96M+7.9% | |
| Terminals | $131M+1.6% | $130M0.0% | $130M+3.2% | $129M+3.2% | $129M+1.6% | |
| Revenues from customers by Product | ||||||
| Feebasedservices | $707M+5.8% | $704M+8.8% | $681M+4.1% | $666M+1.4% | $668M+4.5% | |
| Firm Services | $1.46B+8.8% | $1.4B+8.4% | $1.3B+7.0% | $1.29B+9.3% | $1.34B+6.4% | |
| Natural Gas Sales | $1.45B+46.3% | $1.12B+64.1% | $960M+69.0% | $879M+89.4% | $994M+58.3% | |
| Other sales | $44M+15.8% | $33M+22.2% | $30M-11.8% | $28M+7.7% | $38M+138% | |
| Product Other Than Natural Gas | $786M-4.1% | $755M-18.3% | $748M-8.0% | $740M-16.2% | $820M-5.3% | |
| Total Services Revenue | $2.17B+7.8% | —— | $1.99B+6.0% | $1.96B+6.5% | $2.01B+5.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Empire Petroleum break its business down?
- Empire Petroleum (EP) reports net income by business across 4 parts — CO2, Natural Gas Pipelines, Products Pipelines and Terminals. Each is extracted from the segment footnotes and tracked over time.
- Where does Empire Petroleum's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Empire Petroleum's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
