Empire Petroleum (EP) Operating Expenses (2010 - 2025)

Empire Petroleum has disclosed Operating Expenses across 16 years of filings, most recently posting $66.0 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $66.0 million, up 370.75% year-over-year; the trailing twelve-month figure through Dec 2025 was $105.5 million (up 84.1% YoY), and the FY2025 annual result was $105.5 million, up 84.1% from the prior year.
• Operating Expenses came in at $66.0 million for Q4 2025 at Empire Petroleum, up from $12.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $66.0 million in Q4 2025 to a low of $3.0 million in Q1 2021.
• The 5-year median for Operating Expenses is $12.8 million (2022), against an average of $14.3 million.
• Across the five-year window, Operating Expenses plunged 35.08% in 2021 and soared 370.75% in 2025, its largest moves.
• Empire Petroleum's Operating Expenses stood at $10.0 million in 2021, then climbed by 29.14% to $12.9 million in 2022, then climbed by 20.79% to $15.6 million in 2023, then retreated by 10.37% to $14.0 million in 2024, then jumped by 370.75% to $66.0 million in 2025.
• The last three Operating Expenses figures came in at $66.0 million (Q4 2025), $12.9 million (Q3 2025), and $13.7 million (Q2 2025), per Business Quant data.