EP
Empire Petroleum Corporation3.2600
-0.0300-0.91%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
113.63MP/E (TTM)
-Basic EPS (TTM)
-0.52Dividend Yield
0%Recent Filings
8-K
Rights offering fully subscribed
Empire Petroleum's rights offering expired fully subscribed on March 18, 2026, generating $10 million in gross proceeds at $2.99 per share. Oversubscriptions exceeded 100%, with excess shares allocated pro-rata. It bolsters liquidity for organic growth and acquisitions. Actual results may differ due to commodity prices.
8-K
Empire joins Louisiana drill program
Empire Petroleum elected to join a three-well oil and gas development program in Louisiana's East Perkins Field on March 18, 2026. It secures 25% working interest in the initial well, funding its drilling and completion costs via ~700,000 common shares. Completion starts April 2026. Strong reservoir pressure hit 9,100 psi.
8-K
2025 loss, Texas gas ramp
Empire Petroleum reported full-year 2025 results on March 16, 2026: $34.2M revenue, $72.1M net loss driven by $51.3M impairment, lower oil prices, and production declines to 2,242 Boe/d (64% oil). Proved reserves fell to 7.6 MMBoe. Yet Texas gas program ramps to 12-30 wells; revolver extended to 2028. Rights offering targets $10M liquidity boost.
10-K
FY2025 results
Empire Petroleum's FY2025 delivered 818,303 Boe in production, down 7% y/y from 884,076 Boe amid natural declines and redrills, with oil volumes dropping 10% to 524,646 Bbl at $60.32/Bbl versus $71.44 prior year. Realized prices slid across the board, slashing revenues 22% to $34.2M while LOE/boe held steady at $30.83; DD&A rose to $15.56/Boe on new North Dakota drilling, triggering $51.3M impairment from pricing woes. Q4 saw Texas return-to-production wrap up, boosting momentum from Starbuck program wells, yet cash from operations flipped negative at -$3.9M. Debt hit $16.2M with $2.5M revolver room; related-party notes funded gaps. Reserves shrank to 7,625 MBoe. Oil prices remain brutally volatile.
8-K
Rights offering extended, upsized
Empire Petroleum extended its rights offering expiration to March 18, 2026, and boosted shares to 3,344,482 at $2.99 each, targeting up to $10.0 million. Largest shareholder EEF (32% owner) and Chairman Mulacek plan full participation, including over-subscription. Rights non-transferable. Dilution hits non-participants.
IPO
Employees
Sector
Industry
AMPY
Amplify Energy Corp.
4.59-0.12
APA
APA Corporation
23.96-1.31
EOG
EOG Resources, Inc.
101.78-4.15
EPM
Evolution Petroleum Corporation
3.76-0.08
MUR
Murphy Oil Corporation
31.23-1.35
OILCF
Permex Petroleum Corporation
1.70+0.00
PR
Permian Resources Corporation
14.00-0.41
RSRV
Reserve Petroleum Company (The)
175.00-8.90
TPET
Trio Petroleum Corp.
0.80-0.03
USEG
U.S. Energy Corp.
0.94-0.01