I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025, the actual value is USD 34.2 M.
EPS: As of FY2025, the actual value is USD -2.12.
EBIT: As of FY2025, the actual value is USD -69.77 M.
Empire Petroleum Corporation operates as a single reportable segment .
Revenue
Total Product Revenues decreased to $34,162 thousand in 2025 from $43,992 thousand in 2024 . Oil Sales were $31,648 thousand in 2025, down from $41,515 thousand in 2024 . Gas Sales increased to $898 thousand in 2025 from $344 thousand in 2024 . Natural Gas Liquids Sales decreased to $1,616 thousand in 2025 from $2,133 thousand in 2024 . Total Revenue for 2025 was $34,203 thousand, a decrease from $43,650 thousand in 2024 .
Operational Metrics
Operating Loss increased to - $71,315 thousand in 2025 from - $13,666 thousand in 2024 . Net Loss increased to - $72,074 thousand in 2025 from - $16,198 thousand in 2024 . Total Cost and Expenses for 2025 were $105,518 thousand, compared to $57,316 thousand in 2024 . Impairment was $51,289 thousand in 2025, with no impairment recorded in 2024 . Lease Operating Expense decreased to $25,223 thousand in 2025 from $27,545 thousand in 2024 . Workover expense was approximately $2.2 million in 2025, down from approximately $5.9 million in 2024 . Production and Ad Valorem Taxes decreased to $2,854 thousand in 2025 from $3,770 thousand in 2024 . Depreciation, Depletion & Amortization increased to $10,595 thousand in 2025 from $9,256 thousand in 2024 . General and Administrative (excluding stock-based compensation) decreased to $11,995 thousand in 2025 from $12,582 thousand in 2024 . Stock-Based Compensation decreased to $1,423 thousand in 2025 from $2,156 thousand in 2024 . Cash-Based Interest Expense increased to $1,320 thousand in 2025 from $894 thousand in 2024 . Non-Cash Interest Expense decreased to $227 thousand in 2025 from $621 thousand in 2024 .
Production and Operating Data per Boe
Average Price per Unit was $41.75 in 2025, down from $49.76 in 2024 . Total Lease operating expense per Boe was $30.83 in 2025, slightly down from $31.16 in 2024 . Depreciation, depletion, amortization and accretion per Boe increased to $15.56 in 2025 from $12.74 in 2024 . General and administrative per Boe (total) was $16.40 in 2025, down from $16.67 in 2024 .
Net Production Volumes
Total production (Boe) decreased to 818,303 in 2025 from 884,076 in 2024 . Oil (Bbl) production decreased to 524,646 in 2025 from 581,159 in 2024 . Natural gas (Mcf) production decreased to 860,599 in 2025 from 916,955 in 2024 . Natural gas liquids (Bbl) production slightly increased to 150,224 in 2025 from 150,091 in 2024 .
Reserves
Proved developed reserves (MBoe) decreased to 7,625 at December 31, 2025, from 9,227 at December 31, 2024 . Oil (MBbls) proved developed reserves were 5,878 at December 31, 2025, down from 7,001 at December 31, 2024 . Natural Gas (MMcf) proved developed reserves were 4,300 at December 31, 2025, down from 6,064 at December 31, 2024 . NGLs (MBbls) proved developed reserves were 1,030 at December 31, 2025, down from 1,215 at December 31, 2024 .
Cash Flow
Net Cash Used In Operating Activities was - $3,946 thousand in 2025, compared to $6,157 thousand provided by operating activities in 2024 . Net Cash Used In Investing Activities was - $4,613 thousand in 2025, a significant decrease from - $53,870 thousand in 2024 . Net Cash Provided By Financing Activities was $7,497 thousand in 2025, down from $42,171 thousand in 2024 . Cash - End of Period was $1,189 thousand at December 31, 2025, compared to $2,251 thousand at December 31, 2024 .
Other Key Financials
Working Capital was - $16,162 thousand at December 31, 2025, a decrease from - $8,919 thousand at December 31, 2024 . Total Indebtedness was approximately $16.2 million at December 31, 2025 . Capital Expenditures for Oil and Natural Gas Properties were - $4,754 thousand in 2025, significantly lower than - $53,219 thousand in 2024 .
Outlook / Guidance
Empire Petroleum Corporation anticipates needing additional funding to satisfy outstanding payables and fund continued capital projects to achieve positive cash flow and profitability . The company expects to have negative working capital for the next 12 months, and future expected operating cash flows are insufficient to meet its obligations . However, management believes committed financial support from its two largest stockholders will allow the company to meet its obligations and alleviate substantial doubt about its ability to continue as a going concern .