Empire Petroleum (EP) Operating Expenses (2010 - 2026)
Empire Petroleum (EP) recorded Operating Expenses of $11.05 million in Q2 2026, down 19.1% from $13.66 million a year earlier.
Powered by 
Analysis
Empire Petroleum (EP) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Empire Petroleum's Operating Expenses came in at $103.61 million as of Jun 30, 2026, up 86.9% year-over-year; for FY2025, it was $105.52 million, up 84.1% from FY2024.
- Annual Operating Expenses has increased for ten straight years, with a five-year compound annual growth rate of 33.0% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $57.32 million in FY2024 (+10.9%), $51.7 million in FY2023 (+17.2%), $44.1 million in FY2022 (+60.0%) and $27.57 million in FY2021 (+8.9%).
- The Q2 2026 figure is the lowest quarterly Operating Expenses since Q2 2022.
- On a year-over-year basis, Operating Expenses rose in two of the last seven quarters, with growth averaging 48.7%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 370.7% in Q4 2025, against a decline of 35.1% in Q4 2021 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 3.19 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 46.44 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 114.95 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | Empire Petroleum | 86.85 Mn | 75.65 Mn | 5.12 Mn | 11.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.05 Mn |
| 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 |
API Access
Empire Petroleum Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=EP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "EP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=EP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();