earnings
confidence high
sentiment negative
materiality 0.75
Empire Petroleum Q1 2025 net loss $4.2M on $9M revenue; production down 13% QoQ
EMPIRE PETROLEUM CORP
2025-Q1 EPS reported
-$0.12
revenue$9,002,000
- Q1 net production 2,049 Boe/d (65% oil), down 13% from Q4 and 7% YoY.
- Total product revenue $9.0M, down 11% QoQ and 12% YoY; net loss $4.2M ($0.12/diluted share).
- Adjusted EBITDA negative $0.6M; company cites severe weather and EOR disruptions in North Dakota.
- Starbuck EOR disrupted by pipeline failure and manufacturing defects; restored early Q2 with production up 70%.
- Expected resolution with NMOCD on wastewater litigation; costs since 2021 over $30M.