Growth Metrics

Empire Petroleum (EP) Operating Expenses (2016 - 2025)

Empire Petroleum's Operating Expenses history spans 16 years, with the latest figure at $12.9 million for Q3 2025.

  • For Q3 2025, Operating Expenses fell 12.55% year-over-year to $12.9 million; the TTM value through Sep 2025 reached $53.6 million, down 9.11%, while the annual FY2024 figure was $57.3 million, 10.86% up from the prior year.
  • Operating Expenses for Q3 2025 was $12.9 million at Empire Petroleum, down from $13.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $15.6 million in Q4 2023 and bottomed at $3.0 million in Q1 2021.
  • The 5-year median for Operating Expenses is $12.6 million (2022), against an average of $11.6 million.
  • The largest annual shift saw Operating Expenses tumbled 35.08% in 2021 before it skyrocketed 193.81% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $10.0 million in 2021, then grew by 29.14% to $12.9 million in 2022, then grew by 20.79% to $15.6 million in 2023, then fell by 10.37% to $14.0 million in 2024, then dropped by 7.68% to $12.9 million in 2025.
  • Per Business Quant, the three most recent readings for EP's Operating Expenses are $12.9 million (Q3 2025), $13.7 million (Q2 2025), and $13.0 million (Q1 2025).