Empire Petroleum Corporation (EP) is an American company involved in the distribution and marketing of motor fuels. It has emerged as a leading motor fuels distributor in the U.S., serving over 1300 independently operated gas stations in more than 30 states. The company's portfolio consists of various brands, such as Shell, Chevron, BP, ExxonMobil, and Sunoco, among others.
The Dallas-based Empire Petroleum was established in the year 1988. Since its inception, the company has steadily grown in its sphere, based on its strategic acquisitions and organic growth. Its business model is focused on brand & contract diversity, fuel supply agreements and broad geographical distribution. This approach has allowed the firm to mitigate risks and establish a balanced portfolio leading to a strong cash flow. EMPIRE leverages its industry relationships, scales up benefits to maximize value for its partners and works relentlessly to enhance its fleet card programs, branding programs, and comprehensive vendor programs.
It's an organization that constantly identifies the changing market trends and strategically adjusts its operations to cater to those changes. EP meets the requirements of its dealer partners by promptly adjusting its service offerings based on individual needs and preferences. It aims to create long-term partnerships by offering a wide range of business-enhancing programs.
Empire Petroleum also treads the path of social commitment, with a focus on environmental sustainability. It continuously strives to reduce their ecological footprint and actively promotes economical consumption of resources. The ethical and sustainable conduct of Empire Petroleum is central to its business viewpoint, retreats it from any risk that could harm the natural environment.
Furthermore, Empire Petroleum provides access to real-time information, various payment choices, and valuable business tools to its partners through its remarkable online portal. The portal offers detailed data on payments, statement history, product deliveries, and transaction activity, which empower dealers to make more informed business decisions.
From strategically located supply points to efficient delivery mechanisms and technology implementation, Empire Petroleum invests heavily in infrastructure to ensure consistent delivery and a competitive edge. Through the course of its journey, Empire Petroleum has emerged as a trusted, progressive, and environmentally conscious brand in the petroleum distribution sphere, carving a unique niche for itself in the market.
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Empire Petroleum Corporation (EP) saw its stock jump 16.2% after reporting Q2 2026 results, outperforming the S&P 500. The company's Q2 loss narrowed by 63% to $1.9 million, and product revenues increased 27% year-over-year to $11.1 million. This improvement was driven by higher market oil pricing and cost-reduction efforts, despite a decrease in average daily equivalent sales.
Empire Petroleum Corporation (EP) shares rose 16.2% following its Q2 2026 earnings report, where the company's net loss narrowed by 63% and product revenues increased by 27% year-over-year. Despite a decrease in average daily equivalent sales, the company saw improved adjusted EBITDA and expects increased activity in Texas and Louisiana, with a resolution concerning New Mexico residual-oil-zone rights also anticipated. The company acquired a 25% working interest in a Louisiana development program and completed regulatory procedures for North Dakota property interests.
Empire Petroleum Corporation (EP) shares surged 16.2% after reporting a narrower Q2 2026 loss and increased year-over-year revenues. The company's net loss decreased by 63% to $1.9 million, and adjusted EBITDA turned positive. Management highlighted operational progress in Texas and North Dakota, with expectations for continued activity and revenue generation in Louisiana.
Empire Petroleum Corporation has completed a significant re-entry and subsurface evaluation of the Wakefield-Harrison GU B #1 well in Texas, reaching a depth of 21,006 feet. This achievement is a key step in developing its Texas gas assets and evaluating deeper formations in the Western Haynesville area. The project cost approximately $4.4 million by utilizing an existing wellbore, demonstrating a cost-effective approach compared to drilling new ultra-deep wells, which can range from $30 million to $45 million.
Empire Petroleum (EP) announced Q2 2026 revenue of $9.5 million and a net loss of $1.9 million, or $0.05 per share. Despite a 27% year-over-year increase in product revenue to $11.1 million, net equivalent sales volumes were down 23% from the prior year. The company expects revenue from its Louisiana program completions in Q4 2026.