secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001072613-23-000439
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000439/0001072613-23-000439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000439/emp_8k-18745.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000439

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