EMPIRE PETROLEUM CORPORATION
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-1.9M | $-6.6M | $-3.8M | $-5.1M | $-4.2M | $-3.6M | $-4.4M | $-4.0M |
| Depreciation & Amortization | $1.4M | $1.4M | $2.8M | $2.6M | $2.2M | $2.6M | $2.7M | $1.5M |
| Depreciation | $100.0K | $100.0K | — | $100.0K | $100.0K | $76.0K | $100.0K | $100.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $189.0K | — | — | $531.0K | — | — | $710.0K |
| Net Cash from Operating Activities | $-2.8M | $-970.0K | $330.0K | $-3.1M | $1.6M | $12.8M | $-1.8M | $3.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $95.0K | $13.0K | $12.0K | $23.0K | $18.0K | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-1.3M | — | — | $-2.8M | — | — | $-17.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $9.9M | — | — | $-21.0K | — | — | $8.9M |
| Net Change in Cash | — | $7.6M | — | — | $-1.2M | — | — | — |
| Free Cash Flow | $-2.8M | $-983.0K | $318.0K | $-3.2M | $1.6M | — | — | — |