---
schema_version: "secwatch.filing_event.v1"
accession: "0001072613-23-000575"
form_type: "8-K"
ticker: "EP"
cik: "0000887396"
company_name: "EMPIRE PETROLEUM CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:57:21.613603+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Empire Petroleum Q3 net loss $2.7M, revenue $10.3M; Starbuck drilling shows positive initial results

## Summary
- Net sales volumes 2,048 Boe/d (64% oil), down from 2,135 Boe/d in Q2 2023 and 2,232 Boe/d in Q3 2022.
- Revenue $10.3M, net loss $2.7M ($0.12/diluted share), Adjusted Net Loss $1.5M ($0.06/share), Adjusted EBITDA $0.1M.
- Liquidity $11.3M at quarter-end; secured $10M bridge loans from Chairman Mulacek and largest shareholder EEMF.
- Starbuck Drilling Program commenced October 2023; plans 10-14 wells at $20-22M total cost; first two wells exceed expectations on porosity/thickness.
- Acquired additional working interests in New Mexico properties alongside EEMF to support near-term development.

## SEC filing metadata
- accession: 0001072613-23-000575
- form_type: 8-K
- ticker: EP
- cik: 0000887396
- company_name: EMPIRE PETROLEUM CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887396/000107261323000575/0001072613-23-000575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887396/000107261323000575/emp_8k-18773.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-23-000575
- JSON: https://secwatch.observer/filing/0001072613-23-000575.json
- Plain text: https://secwatch.observer/filing/0001072613-23-000575.txt

## Key facts
- Earnings Releases
  EMPIRE PETROLEUM CORP reported third quarter 2023 results: revenue $10.3 million, net income $2.7 million, EPS $0.12 per diluted share.
  - Period: third quarter 2023
  - Revenue: $10.3 million
  - Net income: $2.7 million
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: gas) for the second quarter of 2023. Sales volumes for the third quarter of 2022 were 2,232 Boe/d (60% oil, 21% NGLs, and 19% natural gas); · Reported product revenue of $10.3 million, a net loss of $2.7 million, or $0.12 per diluted share, and an Adjusted Net Loss 1 of $1.5 million, or $0.06 per diluted share; · Generated Adjusted EBITDA 1 of $0.1 million;
  evidence_url: https://www.sec.gov/Archives/edgar/data/887396/000107261323000575/0001072613-23-000575-index.htm

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