---
schema_version: "secwatch.filing_event.v1"
accession: "0001072613-23-000342"
form_type: "8-K"
ticker: "EP"
cik: "0000887396"
company_name: "EMPIRE PETROLEUM CORP"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:22:01.245851+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Empire Petroleum Q1 2023: revenue $10.1M, net loss $2.5M, volumes up 4% YoY

## Summary
- Sales volumes 2,206 Boe/d (+4% YoY), 61% oil; revenue $10.1M.
- Net loss $2.5M ($0.11 per diluted share); adjusted net loss $1.9M ($0.08).
- Adjusted EBITDA $0.2M; liquidity $7.1M (cash $6.8M); working capital $2.3M.
- Progress on Starbuck Program (96% WI) in North Dakota, leveraging 2022 pilot lessons.

## SEC filing metadata
- accession: 0001072613-23-000342
- form_type: 8-K
- ticker: EP
- cik: 0000887396
- company_name: EMPIRE PETROLEUM CORP
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887396/000107261323000342/0001072613-23-000342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887396/000107261323000342/emp_8k-18723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-23-000342
- JSON: https://secwatch.observer/filing/0001072613-23-000342.json
- Plain text: https://secwatch.observer/filing/0001072613-23-000342.txt

## Key facts
- Earnings Releases
  EMPIRE PETROLEUM CORP reported first quarter of 2023 results: revenue $10.1 million, net income a net loss of $2.5 million, EPS $0.11 per diluted share.
  - Period: first quarter of 2023
  - Revenue: $10.1 million
  - Net income: a net loss of $2.5 million
  - EPS: $0.11 per diluted share
  - Result: reported results
  source text: Tulsa, Oklahoma – May 15, 2023 – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced operational and financial results for the first quarter of 2023. KEY FIRST QUARTER HIGHLIGHTS · Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day (“Boe/d”) (61% oil, 19% natural gas liquids (“NGLs”) and 20% natural gas) from 2,112 Boe/d (60% oil, 19% NGLs, and 21% natural gas) for the first quarter of 2022; · Reported revenue of $10.1 million, a net loss of $2.5 million, or $0.11 per diluted share, and an Adjusted Net Loss 1 of $1.9 million, or $0.08 per diluted share;
  evidence_url: https://www.sec.gov/Archives/edgar/data/887396/000107261323000342/0001072613-23-000342-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.