Empire Petroleum Corporation

NYSEAM:EP Stock Report

Market Cap: US$251.2m

Empire Petroleum Management

Management criteria checks 3/4

Empire Petroleum's CEO is Mike Morrisett, appointed in Jan 2015, has a tenure of 9.92 years. total yearly compensation is $541.69K, comprised of 48% salary and 52% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth $3.98M. The average tenure of the management team and the board of directors is 1.9 years and 3.2 years respectively.

Key information

Mike Morrisett

Chief executive officer

US$541.7k

Total compensation

CEO salary percentage48.0%
CEO tenure9.9yrs
CEO ownership1.6%
Management average tenure1.9yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Morrisett's remuneration changed compared to Empire Petroleum's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$17m

Jun 30 2024n/an/a

-US$16m

Mar 31 2024n/an/a

-US$14m

Dec 31 2023US$542kUS$260k

-US$12m

Sep 30 2023n/an/a

-US$10m

Jun 30 2023n/an/a

-US$7m

Mar 31 2023n/an/a

US$1m

Dec 31 2022US$1mUS$260k

US$7m

Sep 30 2022n/an/a

US$754k

Jun 30 2022n/an/a

-US$3m

Mar 31 2022n/an/a

-US$14m

Dec 31 2021US$405kUS$250k

-US$19m

Sep 30 2021n/an/a

-US$24m

Jun 30 2021n/an/a

-US$22m

Mar 31 2021n/an/a

-US$19m

Dec 31 2020US$1mUS$227k

-US$17m

Sep 30 2020n/an/a

-US$6m

Jun 30 2020n/an/a

-US$5m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$1mUS$216k

-US$7m

Sep 30 2019n/an/a

-US$4m

Jun 30 2019n/an/a

-US$3m

Mar 31 2019n/an/a

-US$1m

Dec 31 2018US$156kn/a

-US$1m

Sep 30 2018n/an/a

-US$1m

Jun 30 2018n/an/a

-US$1m

Mar 31 2018n/an/a

-US$972k

Dec 31 2017US$55kUS$55k

-US$830k

Compensation vs Market: Mike's total compensation ($USD541.69K) is below average for companies of similar size in the US market ($USD1.38M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Morrisett (60 yo)

9.9yrs

Tenure

US$541,688

Compensation

Mr. Michael R. Morrisett, also known as Mike, has been the President and Director of Empire Petroleum Corporation since January 19, 2015 and Treasurer since September 13, 2018 and served as its Chief Accou...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Morrisett
CEO, COO9.9yrsUS$541.69k1.59%
$ 4.0m
Matthew Watson
Chief Accounting Officerless than a yearno datano data
William West
Senior Vice Presidnet of Operations1.9yrsno datano data

1.9yrs

Average Tenure

Experienced Management: EP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Morrisett
CEO, COO9.9yrsUS$541.69k1.59%
$ 4.0m
Phil Mulacek
Independent Chairman of the Board3.2yrsUS$674.50k22.75%
$ 57.2m
Mason Matschke
Independent Director3.7yrsUS$674.50k2.34%
$ 5.9m
Benjamin Marchive
Independent Director3.2yrsUS$665.50k0.15%
$ 381.0k
J. Vann
Independent Director1.7yrsUS$766.10k0.054%
$ 135.3k
Andrew Lewis
Independent Director2.7yrsUS$665.50k0.099%
$ 248.1k

3.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: EP's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 07:01
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Empire Petroleum Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution