secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001072613-23-000289
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum reports FY2022 net income $7.1M; production up 46%, revenue up 95%
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- Full year 2022 net income $7.1M ($0.30 diluted EPS); adjusted net income $15.0M ($0.64 diluted EPS).
- Revenue rose 95% to $52.9M; net sales volumes up 46% to 2,163 Boe/d.
- Adjusted EBITDA increased threefold to $19.1M; year-end proved reserves up 27% to 13.2 MMBoe.
- Q4 2022 revenue $10.7M; net loss $2.3M ($0.10 loss per share); adjusted net income $0.1M.
- Liquidity of $12.2M at year-end 2022; debt reduced 16% to $7.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000289/0001072613-23-000289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000289/emp_8k-18707.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000289

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