Is Empire Petroleum going out of business?

EMPIRE PETROLEUM CORP (EP) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

EMPIRE PETROLEUM CORP (EP) scores 14 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: ROE quality: -985.16%

Five questions, kept separate

Survival - Fragile

7-11 mo of estimated runway from 2026-06-30, based on $3.1M of cash and short-term investments against $4.0M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-208.5% operating margin and -11.7% FCF margin produce a poor Business Quality assessment.

Trajectory - Contracting

Revenue weakened 20.8%; operating margin weakened 182.7pp; FCF margin weakened 43.8pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-3.8% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Debt / Equity: 0.57x
• ROE quality: -985.16%
• ROIC: -2555.64%
• Filing event risk: Going-Concern Warning (-8 pts)
• Shares dilution YoY: 14.23% (YoY)
• Revenue CAGR (3Y): -13.52%
• Return on Assets: -88.90%
• Asset Efficiency: 0.42x
• Capex intensity: 1.14%
• Debt Maturity Runway: 0% long-term (Near-term refinancing risk)
• Cash Burn Deceleration: -109.23% QoQ improvement (Worsening)
• Revenue growth YoY: 8.58% (Industrial YoY)

Read from filings through 2026-08-17.

Price as of 2026-09-11.