{"schema_version":"secwatch.filing_event.v1","accession":"0001072613-24-000358","form_type":"8-K","ticker":"EP","cik":"0000887396","company_name":"EMPIRE PETROLEUM CORP","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.317816+00:00","generated_at":"2026-06-04T05:06:59.653611+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Empire Petroleum reports Q4 net loss of $4.8M; modifies rights offering to raise up to $20.66M","bullets":["Q4 net loss $4.8M ($0.20/diluted); full-year loss $12.5M ($0.55/diluted); revenue $11.2M with derivative gains.","Year-end 2023 proved reserves 9.1 MMBoe; standardized measure $83.0M; decline driven by lower SEC-mandated pricing.","Rights offering modified: each right buys 0.161 shares at $5.00, up to ~$20.66M gross; expiration extended to April 10, 2024.","Starbuck EOR project in ND advancing; initial production impact expected in Q3-Q4 2024 after injector completion in Q2.","Chairman and largest shareholder intend to fully exercise rights and over-subscribe their pro rata share."],"urls":{"canonical":"https://secwatch.observer/filing/0001072613-24-000358","json":"https://secwatch.observer/filing/0001072613-24-000358.json","markdown":"https://secwatch.observer/filing/0001072613-24-000358.md","text":"https://secwatch.observer/filing/0001072613-24-000358.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000358/0001072613-24-000358-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000358/emp_8k-18817.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:06:59.653611+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66d873f2aa6701d1cb506ada95243a60a102c56a","claim":"EMPIRE PETROLEUM CORP reported the fourth quarter 2023 results: revenue $11.2 million, net income $4.8 million, EPS $0.20 per diluted share.","evidence_excerpt":"2,011 Boe/d, including 1,294 barrels of oil per day; 326 barrels of NGLs per day, and 2,346 thousand cubic feet per day (“Mcf/d”), or 391 Boe/d, of natural gas. Empire reported $11.2 million of total revenue for the fourth quarter of 2023 versus $9.1 million for the third quarter of 2023. Contributing to the increase was a $1.3 million net gain on derivatives versus","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000358/0001072613-24-000358-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter 2023"},{"label":"Revenue","value":"$11.2 million"},{"label":"Net income","value":"$4.8 million"},{"label":"EPS","value":"$0.20 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"86416df0a5880c16750af02e336be75cfb33b23f","claim":"EMPIRE PETROLEUM CORP reported full year 2023 results: net income $12.5 million, EPS $0.55 per diluted share.","evidence_excerpt":"Posted a net loss $4.8 million, or $0.20 per diluted share, for the fourth quarter 2023 and a net loss of $12.5 million, or $0.55 per diluted share, for full year 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887396/000107261324000358/0001072613-24-000358-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"$12.5 million"},{"label":"EPS","value":"$0.55 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}