Empire Petroleum (EP) Operating Expenses (2010 - 2025)
Empire Petroleum (EP) posted Operating Expenses of $66.0 million for Q4 2025, up 409.9% sequentially from $12.9 million in Q3 2025, and up 370.75% YoY from $14.0 million in Q4 2024.
Empire Petroleum (EP) Operating Expenses (2010 - 2025) Analysis & Trends
Empire Petroleum has reported Operating Expenses for 16 years, with the latest figure at $66.0 million in Q4 2025.
- Quarterly Operating Expenses rose 370.75% year-over-year to $66.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $105.5 million (up 84.1% YoY) and the FY2025 annual result came in at $105.5 million, up 84.1% from the prior year.
- Operating Expenses advanced to $66.0 million in Q4 2025 per EP's latest filing, from $12.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $66.0 million in Q4 2025 and troughed at $3.0 million in Q1 2021.
- A 5-year average of $14.3 million and a median of $12.8 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2025: Operating Expenses plunged 35.08% in 2021, then surged 370.75% in 2025.
- Over 5 years, Operating Expenses stood at $10.0 million in 2021, then increased by 29.14% to $12.9 million in 2022, then increased by 20.79% to $15.6 million in 2023, then slipped by 10.37% to $14.0 million in 2024, then soared by 370.75% to $66.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $66.0 million, $12.9 million, and $13.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Empire Petroleum | 131.67 Mn | 128.54 Mn | 5.12 Mn | 11.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 65.97 Mn |
| Sep 30, 2025 | 12.94 Mn |
| Jun 30, 2025 | 13.66 Mn |
| Mar 31, 2025 | 12.96 Mn |
| Dec 31, 2024 | 14.01 Mn |
| Sep 30, 2024 | 14.80 Mn |
| Jun 30, 2024 | 14.72 Mn |
| Mar 31, 2024 | 13.78 Mn |
| Dec 31, 2023 | 15.63 Mn |
| Sep 30, 2023 | 11.78 Mn |
| Jun 30, 2023 | 12.01 Mn |
| Mar 31, 2023 | 12.27 Mn |
| Dec 31, 2022 | 12.94 Mn |
| Sep 30, 2022 | 12.60 Mn |
| Jun 30, 2022 | 9.87 Mn |
| Mar 31, 2022 | 8.69 Mn |
| Dec 31, 2021 | 10.02 Mn |
| Sep 30, 2021 | 7.80 Mn |
| Jun 30, 2021 | 6.79 Mn |
| Mar 31, 2021 | 2.96 Mn |