Empire Petroleum (EP) Tax Rate (2022 - 2024)
Empire Petroleum (EP) posted Tax Rate of 21.01% for Q4 2024, little changed sequentially from 20.99% in Q3 2024, and down 3137.0% YoY from 0.69% in Q1 2024.
Empire Petroleum (EP) Tax Rate (2022 - 2024) Analysis & Trends
Empire Petroleum has reported Tax Rate for 3 years, with the latest figure at 21.01% in Q4 2024.
- Quarterly Tax Rate fell 3137.0% year-over-year to 21.01% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 21.0% (down 1194.0% YoY) and the FY2025 annual result came in at 1.02%, down 2202.0% from the prior year.
- Tax Rate was little changed at 21.01% in Q4 2024 per EP's latest filing, from 20.99% in the prior quarter.
- Over five years, Tax Rate peaked at 84.57% in Q4 2022 and troughed at 20.99% in Q3 2024.
- A 3-year average of 29.63% and a median of 21.0% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 3219 bps in 2023, then rose 1 bps in 2024.
- Over 3 years, Tax Rate stood at 84.57% in 2022, then tumbled by 38 bps to 52.38% in 2023, then plunged by 60 bps to 21.01% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 21.01%, 20.99%, and 21.0% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.36% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 20.53% |
| 10 | Empire Petroleum | 131.67 Mn | 128.54 Mn | 5.12 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 21.01% |
| Dec 31, 2024 | 21.01% |
| Dec 31, 2024 | 21.01% |
| Sep 30, 2024 | 20.99% |
| Sep 30, 2024 | 20.99% |
| Sep 30, 2024 | 20.99% |
| Jun 30, 2024 | 21.00% |
| Jun 30, 2024 | 21.00% |
| Jun 30, 2024 | 21.00% |
| Mar 31, 2024 | 21.01% |
| Mar 31, 2024 | 21.01% |
| Mar 31, 2024 | 21.01% |
| Dec 31, 2023 | 52.38% |
| Dec 31, 2023 | 52.38% |
| Dec 31, 2023 | 52.38% |
| Sep 30, 2023 | 21.00% |
| Sep 30, 2023 | 21.00% |
| Sep 30, 2023 | 21.00% |
| Jun 30, 2023 | 21.00% |
| Jun 30, 2023 | 21.00% |