Empire Petroleum (EP) Tax Provisions (2022 - 2024)
Empire Petroleum (EP) posted Tax Provisions of -$881038.0 for Q4 2024, down 15.27% sequentially from -$764319.0 in Q3 2024, and up 64.92% YoY from -$534214.8 in Q1 2024.
Empire Petroleum (EP) Tax Provisions (2022 - 2024) Analysis & Trends
Empire Petroleum has reported Tax Provisions for 3 years, with the latest figure at -$881038.0 in Q4 2024.
- Quarterly Tax Provisions rose 64.92% year-over-year to -$881038.0 in Q4 2024, while the trailing twelve-month figure through Dec 2024 was -$3.4 million (up 18.05% YoY) and the FY2025 annual result came in at $734000.0, up 121.58% from the prior year.
- Tax Provisions fell to -$881038.0 in Q4 2024 per EP's latest filing, from -$764319.0 in the prior quarter.
- Over five years, Tax Provisions peaked at $1.2 million in Q2 2022 and troughed at -$2.5 million in Q4 2023.
- A 3-year average of -$736828.8 and a median of -$764319.0 in 2024 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions sank 1434.77% in 2023, then soared 64.92% in 2024.
- Over 3 years, Tax Provisions stood at -$1.8 million in 2022, then sank by 42.74% to -$2.5 million in 2023, then jumped by 64.92% to -$881038.0 in 2024.
- According to Business Quant data, Tax Provisions over the past three periods registered -$881038.0, -$764319.0, and -$921852.0 for Q4 2024, Q3 2024, and Q2 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.96 Bn | 156.27 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.65 Bn | 104.76 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.14 Bn | 75.23 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.20 Bn | 58.73 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Woodside Energy | 46.12 Bn | 40.17 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.08 Bn | 45.07 Bn | 6.02 Bn | 473.00 Mn |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.77 Bn | 33.66 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 26.22 Bn | 25.97 Bn | - | 39.77 Mn |
| 10 | Empire Petroleum | 128.78 Mn | 125.65 Mn | 5.12 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -881,038.00 |
| Sep 30, 2024 | -764,319.00 |
| Jun 30, 2024 | -921,852.00 |
| Mar 31, 2024 | -834,791.00 |
| Dec 31, 2023 | -2.51 Mn |
| Sep 30, 2023 | -605,293.00 |
| Jun 30, 2023 | -517,631.00 |
| Mar 31, 2023 | -516,514.00 |
| Dec 31, 2022 | -1.76 Mn |
| Sep 30, 2022 | 45,348.00 |
| Jun 30, 2022 | 1.16 Mn |