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EMPIRE PETROLEUM CORPORATION: 10-Q filed 2023-08-14

What EMPIRE PETROLEUM CORPORATION reported in its quarterly report filed 2023-08-14 (fiscal Q2 2023): 41 published measures, 114 facts as tagged in accession 0001072613-23-000436.

This filing

Form
10-Q (quarterly report)
Filed
2023-08-14
Fiscal period
fiscal Q2 2023
Accession
0001072613-23-000436 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All EMPIRE PETROLEUM CORPORATION filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-06-3062,939,933USD
At 2022-12-3171,545,075USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-06-3044,624,238USD
At 2022-12-3148,309,194USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-06-3018,315,695USD
At 2023-03-3119,599,798USD
At 2022-12-3123,235,881USD
At 2022-06-3022,839,731USD
At 2022-03-3113,931,364USD
At 2021-12-319,834,153USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-06-301,294,850USD
At 2022-12-3111,944,442USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-2,464,909USD91
2023-01-01 to 2023-06-30-4,924,500USD181
2022-04-01 to 2022-06-305,534,280USD91
2022-01-01 to 2022-06-309,157,707USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-06-30-7,984,630USD181
2022-01-01 to 2022-06-3011,044,088USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-06-30153,036USD181
2022-01-01 to 2022-06-30118,608USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2023-04-01 to 2023-06-309,710,182USD91
2023-01-01 to 2023-06-3019,762,427USD181
2022-04-01 to 2022-06-3015,693,418USD91
2022-01-01 to 2022-06-3028,120,958USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-06-30-1,288,974USD181
2022-01-01 to 2022-06-302,062,295USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-06-30-1,375,988USD181
2022-01-01 to 2022-06-30-4,281,719USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-06-30-57,073,713USD
At 2022-12-31-52,149,213USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-04-01 to 2023-06-3022,105,704shares91
2023-01-01 to 2023-06-3022,101,264shares181
2022-04-01 to 2022-06-3020,424,970shares91
2022-01-01 to 2022-06-3020,145,955shares181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-04-01 to 2023-06-3022,105,704shares91
2023-01-01 to 2023-06-3022,101,264shares181
2022-04-01 to 2022-06-3023,294,723shares91
2022-01-01 to 2022-06-3022,233,826shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-0.11USD/shares91
2023-01-01 to 2023-06-30-0.22USD/shares181
2022-04-01 to 2022-06-300.27USD/shares91
2022-01-01 to 2022-06-300.45USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-0.11USD/shares91
2023-01-01 to 2023-06-30-0.22USD/shares181
2022-04-01 to 2022-06-300.24USD/shares91
2022-01-01 to 2022-06-300.41USD/shares181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-06-3050,175,361USD
At 2022-12-3145,311,172USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-01-01 to 2023-06-302,130,445USD181
2022-01-01 to 2022-06-30863,187USD181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-2,301,506USD91
2023-01-01 to 2023-06-30-4,524,220USD181
2022-04-01 to 2022-06-305,823,937USD91
2022-01-01 to 2022-06-309,558,012USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-06-3012,017,686USD
At 2022-12-3122,734,973USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-06-3012,600,815USD
At 2022-12-3117,620,660USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-06-304,158,650USD
At 2022-12-315,843,366USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2023-06-307,693,297USD
At 2022-12-317,780,239USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2023-04-01 to 2023-06-3012,011,688USD91
2023-01-01 to 2023-06-3024,286,647USD181
2022-04-01 to 2022-06-309,869,481USD91
2022-01-01 to 2022-06-3018,562,946USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-06-301,538,429USD
At 2022-12-311,840,274USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-06-3022,124,592shares
At 2022-12-3122,093,503shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-06-301,294,850USD
At 2022-12-3111,944,442USD
At 2022-06-3012,436,535USD
At 2021-12-313,611,871USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-06-3075,307,762USD
At 2022-12-3175,303,479USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-06-30845,351USD
At 2022-12-31776,219USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-06-30824,275USD
At 2022-12-31804,667USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2023-06-302,994,500USD
At 2022-12-314,063,115USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-06-305,815,927USD
At 2022-12-319,461,010USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-2,464,909USD91
2023-01-01 to 2023-06-30-4,924,500USD181
2022-04-01 to 2022-06-305,534,280USD91
2022-01-01 to 2022-06-309,157,707USD181

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-2,464,909USD91
2023-01-01 to 2023-03-31-2,459,591USD90
2022-04-01 to 2022-06-305,534,280USD91
2022-01-01 to 2022-03-313,623,427USD90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-04-01 to 2023-06-303,075,010USD91
2023-01-01 to 2023-06-307,047,928USD181
2022-04-01 to 2022-06-303,282,452USD91
2022-01-01 to 2022-06-305,737,832USD181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-04-01 to 2023-06-3054,000USD91
2023-01-01 to 2023-06-30113,000USD181
2022-04-01 to 2022-06-3026,000USD91
2022-01-01 to 2022-06-3059,000USD181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-01-01 to 2023-06-301,333,531USD181
2022-01-01 to 2022-06-30890,245USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-184,887USD91
2023-01-01 to 2023-06-30-422,186USD181
2022-04-01 to 2022-06-30-111,785USD91
2022-01-01 to 2022-06-30-222,433USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-06-30272,471USD181
2022-01-01 to 2022-06-30180,404USD181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-06-302,039,189USD181
2022-01-01 to 2022-06-301,113,084USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-06-30265,802USD181
2022-01-01 to 2022-06-30154,709USD181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-06-30-1,697,939USD181
2022-01-01 to 2022-06-30-1,004,576USD181

Inspect the source

Entity
EMPIRE PETROLEUM CORPORATION / CIK 0000887396
Captured
2026-09-20T05:03:13.756Z
SEC response SHA-256
503860803ac4a3f83a0bc6b0b0a9c85437d1138d188d158f43b633e9b59e704f

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000887396.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))