Empire Petroleum (EP) Financials

Empire Petroleum Corp (EP) is a publicly traded company that operates in the petroleum industry. The company's financials provide insights into its performance and overall financial health. The income statement is a financial statement that shows the company's revenues, expenses, and net income. It provides a snapshot of the company's profitability. Empire Petroleum Corp (EP) reports a gross profit of X amount for the current fiscal year. This represents the company's revenue minus its cost of goods sold.

In addition to the gross profit, Empire Petroleum Corp (EP) also reports its EBIT and EBITDA. EBIT, or earnings before interest and taxes, measures the company's operating profit without accounting for interest and tax expenses. EBITDA, or earnings before interest, taxes, depreciation, and amortization, provides a clearer picture of the company's core profitability by excluding non-operating expenses. These metrics help investors and analysts evaluate the company's operating performance and profitability.

Empire Petroleum Corp (EP) also discloses its net income from stockholders, which represents the profit attributable to the company's shareholders. This figure takes into account dividends, interest, and taxes. The net income reflects the company's overall financial performance after all expenses and income have been accounted for. Additionally, Empire Petroleum Corp (EP) reports its total revenue, which includes all money generated from sales of its products and services.

The company's balance sheet provides a snapshot of its financial position at a given point in time. It includes information on assets, liabilities, and stockholders' equity. Empire Petroleum Corp (EP) reports its cash equivalents, which are highly liquid assets that can be converted into cash quickly. These assets include short-term investments and marketable securities.

Empire Petroleum Corp (EP) also discloses its net debt, which represents the company's total debt minus its cash and cash equivalents. This figure gives investors an idea of the company's ability to meet its debt obligations. The stockholders' equity shows the value of the company's assets that belong to its shareholders. It includes the initial investments made by shareholders, retained earnings, and other equity-related transactions.

Furthermore, Empire Petroleum Corp (EP) reports its total assets, which include all resources owned or controlled by the company. This includes both tangible and intangible assets, such as property, equipment, patents, and trademarks. The total debt represents the company's obligations to repay borrowed funds, including long-term and short-term debt.

The total liabilities represent the company's obligations and debts that must be settled in the future. This includes both short-term and long-term liabilities, such as accounts payable, accrued expenses, and deferred taxes. Empire Petroleum Corp (EP) also provides information on its cash flow, which represents the movement of cash in and out of the company.

The financing cash flow represents the cash inflows and outflows related to financing activities, such as the issuance or repayment of debt and the issuance or repurchase of stock. The investing cash flow represents the cash inflows and outflows related to investment activities, such as the purchase or sale of assets and investments. Lastly, the operating cash flow represents the cash generated or used by the company's core operations.