Empire Petroleum Q2 2023 net loss $2.5M, revenue $9.7M, volumes up 6% sequentially

EMPIRE PETROLEUM CORP

2023-Q2 EPS reported -$0.22 revenue$19,762,427

Revenue $9.7M; net loss $2.5M ($0.11/diluted); adjusted net loss $2.4M ($0.11/diluted).
Adjusted EBITDA $0.2M; ended Q2 with $1.6M liquidity.
Sales volumes 2,135 Boe/d (66% oil), up 6% sequentially and 4% YoY.
Capital spending H1 2023 $3.1M on recompletions and sidetrack drilling in North Dakota.
On Aug 9, 2023, acquired additional working interests in three Lea County, NM properties with largest shareholder.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMPIRE PETROLEUM CORP reported second quarter of 2023 results: revenue $9.7 million, net income $2.5 million, EPS $0.11 per diluted share.

Period: second quarter of 2023
Revenue: $9.7 million
Net income: $2.5 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Reported revenue of $9.7 million, a net loss of $2.5 million, or $0.11 per diluted share

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

EMPIRE PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001072613-23-000439

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