How did Empire Petroleum's oil sales perform in Q4 2024 compared to previous quarters?
5/9/2025 08:43am
Empire Petroleum's oil sales performance in Q4 2024 was not disclosed in the available data. However, the company's financial results for Q2 and Q3 2024 were reported, which can provide some insights into its sales trends.
1. **Q2 2024 Performance**: Empire Petroleum reported net equivalent sales of 2,638 Boe/d and product revenue of $12.8 million for Q2 2024. This represents a 20% increase in net equivalent sales and a 25% increase in product revenue compared to Q1 2024. Additionally, there was a 31% increase in product revenue from Q2 2023.
2. **Q3 2024 Performance**: Unfortunately, the oil sales data for Q3 2024 is not available. However, the company's financial performance for Q3 2024, including oil sales, would be valuable information for assessing the trend in Q4 2024.
3. **Comparison to Q4 2024**: Without specific sales data for Q4 2024, it's challenging to compare directly. However, the increase in net equivalent sales and product revenue from Q2 to Q3 suggests that Empire Petroleum was performing well in the third quarter, which could imply a positive trend into Q4 if oil prices and production levels remained stable or increased.
To fully understand Empire Petroleum's oil sales in Q4 2024, additional information or data specific to that quarter would be needed. Factors such as oil prices, production levels, and market conditions can significantly impact revenue and should be considered when analyzing sales performance.