secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001072613-22-000631
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum Q3 2022: Revenue $14.8M, net income $0.2M, adjusted EPS $0.16
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- Sales volumes 2,232 Boe/d (60% oil), up 3% from Q2 2022.
- Net income $0.2M ($0.01 diluted EPS); Adjusted Net Income $3.7M ($0.16 diluted EPS).
- Adjusted EBITDA $4.8M ($23.36/Boe); cash rose 27% to $15.7M; debt reduced to $7.8M.
- Progress on Starbuck Field Enhancement Program; first three phases expected by end of 2022.
- Spudded 4 new non-operated Bakken wells with completion expected in Q4 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261322000631/0001072613-22-000631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261322000631/emp_8k-18672.htm
  HTML page:      https://secwatch.observer/filing/0001072613-22-000631

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer