Empire Petroleum Corp (EMPR) financial statements (2022 and earlier)

Company profile

Business Address 2200 S. UTICA PLACE
TULSA, OK 74114
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6123,1881,0173,915158134286
Cash and cash equivalents3,6123,1881,0173,915158134286
Receivables7,7346,8183,6001,2821,2521,047928
Inventory, net of allowances, customer advances and progress billings1,038  806531589567
Inventory1,038  806531589567
Prepaid expense67916619221628221883
Derivative instruments and hedges, assets55      
Other undisclosed current assets 1,5731,691  506851
Total current assets:13,11811,7446,5006,2192,2232,4952,715
Noncurrent Assets
Operating lease, right-of-use asset779821797564   
Property, plant and equipment30,67729,54530,3338,1618,22519,51719,795
Other undisclosed noncurrent assets5,5154,5325,4602,148802748613
Total noncurrent assets:36,97234,89836,59010,8739,02720,26420,408
TOTAL ASSETS:50,09046,64243,09017,09211,25022,75923,123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,1748,4986,0764,5334,6363,7993,396
Accounts payable4,3304,2642,3632,1061,9381,5361,040
Accrued liabilities5,8444,2343,7132,4282,6982,2632,356
Debt1801668,5897211,3028,8358,731
Other undisclosed current liabilities1,7011,2535,0128,013136  
Total current liabilities:12,0549,91819,67713,2676,07312,63512,128
Noncurrent Liabilities
Long-term debt and lease obligation, including:646681684506534141161
Long-term debt, excluding current maturities6,9149,4808,443 7,720141161
Other undisclosed long-term debt and lease obligation(6,268)(8,800)(7,759)506(7,186)  
Other undisclosed noncurrent liabilities27,55532,31428,93216,27323,08416,91416,650
Total noncurrent liabilities:28,20132,99429,61716,77923,61817,05616,811
Total liabilities:40,25542,91249,29430,04629,69129,69028,938
Stockholders' equity
Stockholders' equity attributable to parent, including:9,8343,730(6,204)(12,954)(18,441)(6,931)(5,815)
Common stock79746658252521
Common stock, value, subscriptions (97) (13)   
Additional paid in capital69,98854,36740,61828,61822,15219,85319,332
Accumulated deficit(59,233)(50,614)(46,888)(41,616)(40,618)(26,809)(25,168)
Other undisclosed stockholders' equity attributable to parent(1,000)      
Total stockholders' equity:9,8343,730(6,204)(12,954)(18,441)(6,931)(5,815)
TOTAL LIABILITIES AND EQUITY:50,09046,64243,09017,09211,25022,75923,123

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues10,99010,0964,7192,0991,7701,542592
Gain (loss) on disposition of assets for financial service operations(14)(32)(182)(358) 125(402)
Gross profit:10,99010,0964,7192,0991,7701,542592
Operating expenses(10,835)(7,796)(6,787)(2,959)(15,439)(3,184)(3,442)
Operating income (loss):1552,299(2,068)(860)(13,669)(1,641)(2,850)
Nonoperating expense(1,228)(4,468)(2,769)(137)(140)(125) 
Interest and debt expense   (15)(15) (123)
Net loss:(1,072)(2,168)(4,836)(1,012)(13,823)(1,766)(2,973)
Other undisclosed net income (loss) attributable to parent(7,547)(1,558)(436)1515125 
Net loss available to common stockholders, diluted:(8,620)(3,726)(5,272)(997)(13,809)(1,641)(2,973)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(1,072)(2,168)(4,836)(1,012)(13,823)(1,766)(2,973)
Comprehensive loss, net of tax, attributable to parent:(1,072)(2,168)(4,836)(1,012)(13,823)(1,766)(2,973)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: