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

Reuters03-16 19:13

<a href="https://laohu8.com/S/EMPR">Empire Petroleum</a> Q4 product revenue falls on weaker oil, NGL prices

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 bln
Q4 Adjusted Net Income		-$8.15 bln
Q4 Net Income		-$58.95 bln
Q4 Adjusted EBITDA		-$3.79 bln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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