Empire Petroleum (EP) Tax Rate (2022 - 2024)
Empire Petroleum (EP) reported Tax Rate of 21.01% for Q4 2024, down 3137.0% on a YoY basis from 0.69% in Q1 2024, and little changed sequentially from 20.99% in Q3 2024.
Empire Petroleum (EP) Tax Rate (2022 - 2024) Analysis & Trends
Empire Petroleum (EP) has 3 years of Tax Rate data on file, last reported at 21.01% in Q4 2024.
- For the quarter ending Q4 2024, Tax Rate fell 3137.0% year-over-year to 21.01%; the trailing twelve-month figure through Dec 2024 stood at 21.0% (down 1194.0% YoY), and the FY2025 full-year result was 1.02%, down 2202.0% from the prior year.
- Tax Rate was little changed at 21.01% in Q4 2024, from 20.99% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 84.57% in Q4 2022 to a low of 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.
- Across the five-year window, Tax Rate slumped 3219 bps in 2023 and grew 1 bps in 2024, its largest moves.
- Tracing EP's Tax Rate over 3 years: stood at 84.57% in 2022, then plunged by 38 bps to 52.38% in 2023, then sank by 60 bps to 21.01% in 2024.
- Business Quant data shows EP's Tax Rate at 21.01% in Q4 2024, 20.99% in Q3 2024, and 21.0% in Q2 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 35.09% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 22.50% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 18.18% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 57.82% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 39.49% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 23.18% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 22.15% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -671.43% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 22.16% |
| 10 | Empire Petroleum | 86.84 Mn | 85.65 Mn | 689,000.00 | - |
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% |