Empire Petroleum Q1 2026 net loss $6.6M; revenue $7.7M down 15% YoY; production falls 8%

EMPIRE PETROLEUM CORP

2026-Q1 EPS reported -$0.18 revenue$5,103,000

Q1 2026 net loss of $6.6M ($0.18/diluted share) vs. $4.2M loss in Q1 2025; Adjusted EBITDA –$0.7M vs. –$0.6M.
Revenue $7.7M, down 15% YoY; production 1,880 Boe/d (8% lower YoY) impacted by operational issues and weather.
Rights Offering raised $10M gross; $3M convertible note settled with equity; debt reduced $5M.
Texas gas: 3 wells reactivated (+45% net volumes vs Q4 2025); compression capacity expanded >500% to ~3 MMcfd.
Louisiana three-well program drilling by end of Q2; New Mexico regulatory appeal ongoing; expects op-ex reduction.

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