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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Empire Petroleum's share price for the quarter that ended in Mar. 2026 was $2.96. Empire Petroleum's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 39.78 Mil. Therefore, Empire Petroleum's market cap for the quarter that ended in Mar. 2026 was $117.74 Mil.
Empire Petroleum's quarterly market cap
declined
from Sep. 2025 ($154.89 Mil) to Dec. 2025 ($105.96 Mil) but then
increased
from Dec. 2025 ($105.96 Mil) to Mar. 2026 ($117.74 Mil).
Empire Petroleum's annual market cap
declined
from Dec. 2023 ($280.28 Mil) to Dec. 2024 ($255.87 Mil) and
declined
from Dec. 2024 ($255.87 Mil) to Dec. 2025 ($105.96 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Empire Petroleum's Enterprise Value for Today is $117.90 Mil.
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Empire Petroleum Market Cap Related Terms
Empire Petroleum Market Cap Historical Data
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The historical data trend for Empire Petroleum's Market Cap 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.
For the Oil & Gas E&P subindustry, Empire Petroleum's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Empire Petroleum's Market Cap distribution charts can be found below:
* The bar in red indicates where Empire Petroleum's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Empire Petroleum's Market Cap for the fiscal year that ended in Dec. 2025 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 (EP) has a Market Cap of $111.42 Mil as of Aug. 09, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Empire Petroleum and its competitors. According to the industry distribution chart, Empire Petroleum ranks #618 out of 1050 companies in the Oil & Gas industry, placing it in the top 58.9%.
Is Empire Petroleum's Market Cap too high?
Empire Petroleum's current Market Cap is $111.42 Mil. The Oil & Gas industry median Market Cap is 217.80. Empire Petroleum's value of $111.42 Mil is 48.8% below this industry median. Based on the distribution chart, Empire Petroleum ranks #618 out of 1050 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Empire Petroleum has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empire Petroleum's Market Cap compare to BRLL and GLND?
According to the Oil & Gas industry distribution chart, Empire Petroleum ranks #618 out of 1050 companies for Market Cap. This places Empire Petroleum in the lower half of its industry. The industry median Market Cap is 217.80. Empire Petroleum's value of $111.42 Mil is 48.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 217.80, based on 1,050 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire Petroleum's current Market Cap of $111.42 Mil is 48.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Empire Petroleum and its competitors. For the Oil & Gas industry, the median Market Cap is 217.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Petroleum's current Market Cap is $111.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Empire Petroleum (EP) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.19, compared to a current price of $2.80 — trading 12.2% below its estimated fair value. The current Market Cap is $111.42 Mil and 48.8% below the Oil & Gas industry median of 217.80. Empire Petroleum's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Empire Petroleum (EP), the current Market Cap is $111.42 Mil as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Empire Petroleum (EP) Overvalued in 2026?
Based on GuruFocus' analysis, Empire Petroleum stock appears to be undervalued.
The current stock price of $2.80 is trading 12.2% below its estimated GF Value™ of $3.19.
GuruFocus considers Empire Petroleum to be Modestly Undervalued.
Key valuation signals for EP:
Market Cap: $111.42 Mil
GF Value™: $3.19 vs. price of $2.80 (12.2% below fair value)
Industry Position: 48.8% below the Oil & Gas median (#618 of 1050)
No single metric tells the full story. See the EP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire Petroleum Corp is a conventional oil and natural gas producer with a main focus in the United States onshore. The company possesses long-life, mature, producing assets with slow decline profiles in the Permian Basin, Bakken region and central Gulf Coast region, in the states of New Mexico, North Dakota, Montana, Louisiana and Texas. It has production from operated and non-operated wells in Lea County in New Mexico, Bottineau, Renville, Burke, and McKenzie Counties in North Dakota, Richland County in Montana, St. Landry, Beauregard Parishes in Louisiana and Houston, Leon and Madison Counties in Texas. The Company operates as one operating segment and one reportable segment which is engaged in the exploration, development, and production of oil, gas, and NGLs.
41GF Score
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