Empire Q3 net loss $3.8M, revenue $9.4M; rights offering $2.5M, NM regulatory win

EMPIRE PETROLEUM CORP

2025-Q3 EPS reported -$0.39 revenue$27,144,000

Q3 net loss $3.8M ($0.11/diluted share) on $9.4M product revenue; adjusted EBITDA $0.1M.
Net production 2,398 Boe/d (65% oil), up 5% oil vs Q2-25.
Rights offering raised ~$2.5M gross; Chairman Mulacek fully subscribed and exercised oversubscription.
New Mexico Commission confirmed Empire's ROZ rights, denied competitor SWD wells; stay granted for rehearing.
Inaugural Texas drilling targeting 2026; Q4 workover to finalize target zones.

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