secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001072613-23-000342
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000342/0001072613-23-000342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000342/emp_8k-18723.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000342

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