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Empire Petroleum (Empire Petroleum) Effective Interest Rate on Debt %

: 11.17% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Empire Petroleum's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.31 Mil. Empire Petroleum's average total debt for the quarter that ended in Dec. 2023 was $11.74 Mil. Therefore, Empire Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.17%.


Empire Petroleum Effective Interest Rate on Debt % Historical Data

The historical data trend for Empire Petroleum's Effective Interest Rate on Debt % 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.

* Premium members only.

Empire Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.63 5.90 90.13 5.85 13.62

Empire Petroleum Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.76 11.90 9.79 8.33 11.17

Competitive Comparison

For the Oil & Gas E&P subindustry, Empire Petroleum's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, Empire Petroleum's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Empire Petroleum's Effective Interest Rate on Debt % falls into.



Empire Petroleum Effective Interest Rate on Debt % Calculation

Empire Petroleum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1/( (8.004+6.678)/ 2 )
=-1  *  -1/7.341
=13.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.688 + 2.316
=8.004

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.141 + 1.537
=6.678

Empire Petroleum's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1.312/( (16.805+6.678)/ 2 )
=-1  *  -1.312/11.7415
=11.17 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.771 + 6.034
=16.805

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.141 + 1.537
=6.678

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Empire Petroleum  (AMEX:EP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Empire Petroleum Effective Interest Rate on Debt % Related Terms

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Empire Petroleum (Empire Petroleum) Business Description

Industry
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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