Empire Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.54 Mil. Empire Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.14 Mil. Empire Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $34.96 Mil.
Empire Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 0.19.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Empire Petroleum's Debt-to-Equity or its related term are showing as below:
EP'
s Debt-to-Equity Range Over the Past 10 Years
Min: -9.7 Med: 0.19 Max: 1.44
Current: 0.19
During the past 13 years, the highest Debt-to-Equity Ratio of Empire Petroleum was 1.44. The lowest was -9.70. And the median was 0.19.
Empire Petroleum Debt-to-Equity Historical Data
The historical data trend for Empire Petroleum's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Empire Petroleum Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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|
|
-1.63 |
-0.52 |
0.96 |
0.34 |
0.19 |
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Empire Petroleum Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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0.34 |
0.40 |
0.39 |
0.89 |
0.19 |
Competitive Comparison
For the Oil & Gas E&P subindustry, Empire Petroleum's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Empire Petroleum Debt-to-Equity Distribution
For the Oil & Gas industry and Energy sector, Empire Petroleum's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Empire Petroleum's Debt-to-Equity falls into.
Empire Petroleum Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Empire Petroleum's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Empire Petroleum's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Empire Petroleum (Empire Petroleum) Business Description
Traded in Other Exchanges
N/A
Address
2200 South Utica Place, Suite 150, Tulsa, OK, USA, 74114
Empire Petroleum Corp is engaged in the exploration and development of oil and natural gas in the United States. All of the company's producing properties are located in Louisiana, Texas, North Dakota, and New Mexico. It generates revenue from Oil and Gas sales.
Executives
| Marchive Benjamin J. Ii |
director |
1021 MAIN STREET, SUITE 2626, HOUSTON TX 77002-6516 |
| Energy Evolution Master Fund, Ltd. |
10 percent owner |
25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| J Kevin Vann |
officer: VP, Finance/Strategic Planning |
ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
| Phil E Mulacek |
10 percent owner |
25025 I 45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| Mason H. Matschke |
director |
25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| Faulkner Stephen L Jr |
officer: Controller and Chief Acctg Ofc |
3500 ONE WILLIAMS CENTER, TULSA OK 74172 |
| Eugene J Sweeney |
officer: Chief Operating Officer |
151 W BURTON PL, CHICAGO IL 60610 |
| Michael R. Morrisett |
10 percent owner |
3803 S. TRENTON AVENUE, TULSA OK 74105-3324 |
| Thomas W. Pritchard |
officer: Chief Executive Officer |
15798 SPYGLASS HILL LOOP, GAINESVILLE VA 20155 |
| Andrew Lloyd Lewis |
director |
2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114 |
| Angela M Baker |
officer: Chief Accounting Officer |
2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114 |
| Puckett Land Co |
10 percent owner |
5460 S. QUEBEC ST., SUITE 250, GREENWOOD VILLAGE CO 80111 |
| Tony Kamin |
director, 10 percent owner |
619 BLUFF STREET, GLENCOE IL 60022 |
| Gary C Adams |
10 percent owner |
1437 S. BOULDER AVENUE, SUITE 930, TULSA OK 74119 |
| Empire Petroleum Holdings, Llc |
10 percent owner |
3803 S. TRENTON AVENUE, TULSA OK 74105-3324 |
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