EP Research | Milton Maxwell

Empire Petroleum Corporation

3.2600

-0.0300-0.91%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

113.63M

P/E (TTM)

Basic EPS (TTM)

-0.52

Dividend Yield

Recent Filings

10-Q

11/14/25Nov 14, 2025

8-K

11/7/25Nov 7, 2025

8-K

Empire issues $4M note for drilling

9/26/25Sep 26, 2025

Empire Petroleum Corporation issued a $4 million promissory note to Phil E. Mulacek on September 24, 2025, with $2 million advanced immediately and up to another $2 million available from March 2026, maturing September 23, 2027, at 5.5% interest. Proceeds fund the oil and gas drilling program and working capital, while a warrant for 281,030 shares at $4.27 offers equity upside. Conversion into 936,768 shares hinges on NYSE American approval. This bolsters drilling amid related-party ties.

8-K

Rights offering fully subscribed

8/21/25Aug 21, 2025

Empire Petroleum Corporation's rights offering expired fully subscribed on August 20, 2025, generating $2.5 million in gross proceeds before expenses. Subscriptions exceeded available units by over 100%, with pro-rata allocation for oversubscriptions; Chairman Phil E. Mulacek fully participated. Warrants could yield another $2.5 million if exercised by November 18, 2025. Yet actual results may differ materially from expectations.

8-K

Rights offering extended

8/19/25Aug 19, 2025

Empire Petroleum Corporation extended its $5.0 million rights offering expiration to August 20, 2025, giving shareholders extra time to exercise non-transferable rights for units at $0.07367 each, comprising 0.0139 common shares and warrants exercisable at $5.46 per whole share. Chairman Phil Mulacek plans full participation, including over-subscription. This bolsters capital access amid organic growth focus. Yet risks persist in execution.

About

Empire Petroleum Corporation engages in the optimization and development of oil and gas interests in the United States. It operates its properties in New Mexico, North Dakota, Montana, Texas, and Louisiana. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.

CEO

Mr. Michael R. Morrisett

IPO

10/27/1999

Website

https://empirepetroleumcorp.com

Employees

Sector

Energy

Industry

Oil & Gas E&P