---
schema_version: "secwatch.filing_event.v1"
accession: "0001072613-24-000506"
form_type: "8-K"
ticker: "EP"
cik: "0000887396"
company_name: "EMPIRE PETROLEUM CORP"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T22:20:27.371710+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Empire Petroleum reports Q1 net loss of $4.0M; North Dakota drilling program update

## Summary
- Q1-24 net sales 2,207 Boe/d; oil sales up 11% sequentially and 8% YoY.
- Total revenue $9.4M; net loss $4.0M ($0.15/share); adjusted EBITDA ($0.7M).
- Completed $20.66M rights offering at $5.00/share in Q2-24 to fund drilling and seismic.
- North Dakota: 70% of horizontal wells completed; EOR infrastructure by Q3; initial production impact late 2024.
- New Mexico: initiated pilot drilling program; legal actions on trespassers on waterfloods.

## SEC filing metadata
- accession: 0001072613-24-000506
- form_type: 8-K
- ticker: EP
- cik: 0000887396
- company_name: EMPIRE PETROLEUM CORP
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887396/000107261324000506/0001072613-24-000506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887396/000107261324000506/emp_8k-18843.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001072613-24-000506
- JSON: https://secwatch.observer/filing/0001072613-24-000506.json
- Plain text: https://secwatch.observer/filing/0001072613-24-000506.txt

## Key facts
- Earnings Releases
  EMPIRE PETROLEUM CORP reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: On May 15, 2024, Empire Petroleum Corporation (the “Company”) issued a press release announcing its financial and operating results for the first quarter 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887396/000107261324000506/0001072613-24-000506-index.htm

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