earnings
confidence high
sentiment negative
materiality 0.70
Empire Petroleum Q2 net loss $5.1M; production up 15% but revenue down 32% YoY
EMPIRE PETROLEUM CORP
2025-Q2 EPS reported
-$0.27
revenue$17,756,000
- Q2 net production 2,357 Boe/d (+15% QoQ); oil 1,493 Bbls/d; total product revenue $8.7M (-32% YoY).
- Net loss $5.1M ($0.15 diluted EPS); adjusted EBITDA -$1.2M vs. $1.7M a year ago.
- Realized price $40.78/Boe, down 16% QoQ and 23% YoY due to NYMEX weakness.
- Rights offering to raise ~$5M, expires Aug 18, 2025; Chairman Phil Mulacek intends to fully subscribe.
- EOR Starbuck program in ND on track; Texas drilling campaign expected Q4 2025; NMOCD ruling pending.
item 2.02item 9.01