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
DateValue
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%