Empire Petroleum Q4 product revenue falls on weaker oil, NGL prices

Empire Petroleum

16/03/2026 11:13

Corrects units for all figures in the Key Details table to millions from billions

Overview

U.S. oil and gas producer's Q4 product revenue fell 30% yr/yr on lower prices and volumes

In 2025, Empire posted a wider net loss, including a $51 mln impairment charge

Outlook

Empire expects to develop 12-30 wells in Texas by year-end 2026

Company expects gas compression capacity to rise over 600% in Q2-2026

Result Drivers

LOWER REALIZED PRICES - Co said lower average oil and NGL prices reduced revenue and contributed to net loss

PRODUCTION DECLINE - Co attributed lower oil production to natural decline, redrilling in North Dakota, EOR instability, and weather-related disruptions in New Mexico

IMPAIRMENT CHARGE - Co recorded a $51.3 mln impairment loss, in 2025, on certain proved and unproved properties due to pricing trends and changes in expected future development

Company press release: ID:nBwcfhPNLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Product Revenue
$7.05 mln
Q4 Adjusted Net Income
-$8.15 mln
Q4 Net Income
-$58.95 mln
Q4 Adjusted EBITDA
-$3.79 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)