Highest-materiality recent filing
Stockholders approve 2026 Stock Plan and re-elect directors at annual meeting
2026 Stock and Incentive Compensation Plan approved, reserving 1,200,000 shares; replaces 2024 Plan.
Empire Petroleum Q1 2026 net loss $6.6M; revenue $7.7M down 15% YoY; production falls 8%
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.
Empire Petroleum enters $30M ATM equity distribution agreement with Roth Capital Partners
Company may sell up to $30M of common stock in at-the-market offerings through Roth Capital Partners.
Empire Petroleum fully subscribes $10M rights offering at $2.99/share
Rights offering generated approx. $10.0M in gross proceeds, before expenses.
Empire Petroleum enters 3-well Louisiana development program; 25% WI funded via 700,000 shares
25% working interest in initial well of three-well program targeting proven Louisiana formations.
Full-year 2025 total product revenue $34.2M, net loss $72.1M ($2.12/sh), adjusted EBITDA -$5.4M (vs +$0.7M in 2024).
Empire Petroleum extends rights offering to March 18, ups aggregate value to $10M
Subscription rights offering extended to 5:00 p.m. ET on March 18, 2026; aggregate shares increased to 3,344,482.
Empire Petroleum issues $3M promissory note to Phil Mulacek; convertible at $2.99/share
Principal $3M, interest 5.5% per annum, matures May 19, 2026; post-maturity default rate 9%.
Empire Petroleum launches $6.0M rights offering at $2.99/share; largest holder to participate
Rights offering of up to 2,006,689 shares at $2.99/share; one non-transferable right per share held entitles purchase of 0.057 shares.
Empire Petroleum sets record date for $6M rights offering
Record date of February 2, 2026 for rights offering to raise up to $6.0 million.
Empire Petroleum extends revolver maturity to Dec 2028, adds Empire Texas as borrower
Third Amendment extends final maturity of $20M revolver from Dec 2026 to Dec 2028.
Empire Q3 net loss $3.8M, revenue $9.4M; rights offering $2.5M, NM regulatory win
Q3 net loss $3.8M ($0.11/diluted share) on $9.4M product revenue; adjusted EBITDA $0.1M.
Note amended: conversion price for $2M advance raised from $4.27 to $4.32; warrant shares cut to 138,889.
Empire Petroleum issues $4M convertible note to director Mulacek for drilling program
$4M promissory note issued to director Phil E. Mulacek; $2M advanced, up to $2M additional available after Mar 2026.
Empire Petroleum rights offering fully subscribed; $2.5M gross proceeds, up to $5M with warrants
Gross proceeds of ~$2.5M from rights offering; warrants could add another $2.5M if exercised.
Empire extends rights offering to Aug 20; $5M raise, chairman participates
Empire Petroleum extends rights offering expiration to Aug 20, 2025; gross proceeds up to $5.0M ($2.5M from warrants).
Empire Petroleum secures unanimous NMOCD ruling to advance CO2 development, protect EMSU assets
NMOCD affirms Empire's exclusive rights to Residual Oil Zone in Grayburg and San Andres formations under 1984 order.
Empire Petroleum Q2 net loss $5.1M; production up 15% but revenue down 32% YoY
Q2 net production 2,357 Boe/d (+15% QoQ); oil 1,493 Bbls/d; total product revenue $8.7M (-32% YoY).
Empire extends rights offering to Aug 18, cuts subscription price to $0.07367/unit
Rights offering extended to 5:00 p.m. ET on Aug 18, 2025; subscription price adjusted to $0.07367/unit from $5.30.
Empire Petroleum extends rights offering expiration to July 30, 2025; $5.0M gross proceeds
Rights offering extended to 5:00 p.m. ET on July 30, 2025, for more stockholder participation time.
Empire Petroleum launches $5M rights offering at $5.30/unit; Chairman Mulacek to participate
Offering up to 33.8M units at $5.30 each; each unit consists of 0.0139 common shares + one warrant.
Empire Petroleum sets record date for $5M rights offering; units at $5.30 per unit
Record date July 10, 2025 for rights offering to raise gross proceeds up to $5.0M, including $2.5M from warrant exercise.
Empire Petroleum issues $4M promissory note to Phil E. Mulacek, $2M drawn immediately
Note has $4M principal; $2M advanced on June 17, 2025; up to $2M additional available 45-90 days later.
Empire Petroleum annual meeting elects directors, approves executive pay, ratifies auditor
Annual meeting held June 12, 2025; 87.15% of shares represented (29.38M of 33.71M outstanding).
Empire Petroleum Q1 2025 net loss $4.2M on $9M revenue; production down 13% QoQ
Q1 net production 2,049 Boe/d (65% oil), down 13% from Q4 and 7% YoY.
Empire Petroleum reports FY 2024 net loss $16.2M on $44M revenue; Q4 oil output up 22% YoY
Full year 2024 product revenue of $44.0M; net loss of $16.2M ($0.54 diluted EPS); adjusted EBITDA of $0.7M.
Empire Petroleum expands revolver credit line to $20 million
Revolver commitment increased from $10M to $20M; monthly reduction raised to $250k beginning Dec 31, 2024.
Empire Petroleum Q3 2024 net loss $3.6M, production 2,460 Boe/d; rights offering oversubscribed
Total product revenue $10.9M, net loss $3.6M ($0.12/share), adjusted net loss $3.8M ($0.12/share).
Empire Petroleum rights offering fully subscribed for ~$10M gross proceeds
Rights offering expired Oct 24, 2024; fully subscribed with oversubscriptions allocated pro-rata.
Registered rights offering of up to 1,980,198 shares at $5.05 each, raising ~$10M.
Empire Petroleum appoints Matthew E. Watson as Chief Accounting Officer
Watson joined as CAO on Sept 1, 2024, reporting to CEO Michael Morrisett.
Empire Petroleum Q2 production up 24% YoY to 2,638 Boe/d; net loss $4.4M
Q2 product revenue $12.8M (+31% YoY); net loss $4.4M ($0.15/sh).
Empire Petroleum to issue 205,427 shares to repay $1.06M loan from PIE, terminate loan and JDA
Outstanding loan principal and interest of $1,060,004 as of July 1, 2024.
Empire Petroleum shareholders approve 2024 stock plan, re-elect directors
Shareholders approved 2024 Stock and Incentive Compensation Plan reserving 700,000 common shares.
Empire Petroleum $5M note converted into 800k shares; warrant issued
Energy Evolution converted $5M principal at $6.25/share into 800,000 common shares.
Empire Petroleum reports Q1 net loss of $4.0M; North Dakota drilling program update
Q1-24 net sales 2,207 Boe/d; oil sales up 11% sequentially and 8% YoY.
Empire Petroleum appoints CEO as interim CFO after CFO resignation
Former CFO Stephen L. Faulkner Jr. resigned effective March 28, 2024; search for successor continues.
Empire Petroleum presents at Scottsdale Capital Event; deck on website
Participated in 12th Annual Scottsdale Capital Event on April 20, 2024.
Empire Petroleum rights offering fully subscribed, gross proceeds ~$20.66M
Subscriptions exceeded 100% of shares; oversubscriptions allocated pro-rata after eliminating fractions.
Empire Petroleum reports Q4 net loss of $4.8M; modifies rights offering to raise up to $20.66M
Q4 net loss $4.8M ($0.20/diluted); full-year loss $12.5M ($0.55/diluted); revenue $11.2M with derivative gains.
Empire Petroleum to participate in 36th Annual ROTH Conference with CEO one-on-one meetings
Empire Petroleum (NYSE American: EP) will attend the 36th Annual ROTH Conference, March 17-19, 2024 in Dana Point, CA.
Empire Petroleum CFO Stephen Faulkner resigns effective March 28
CFO and CAO Stephen L. Faulkner Jr. resigns effective March 28, 2024.
Empire Petroleum launches $25M rights offering at $6.05/share, expiring April 3, 2024
Record date March 7, 2024; each stockholder receives one non-transferable right per share, each right buys 0.161 shares at $6.05.
Empire Petroleum sets March 7 record date for $25M rights offering at $6.05/share
Record date of March 7, 2024 for a rights offering to raise up to $25 million.
Preliminary Q4 2023 production: 185,000 BOE (2,011 BOE/D, ~64% oil); revenue ~$9.9M.
Empire Petroleum issues $5M promissory note to Energy Evolution Master Fund at 7% interest
Note principal $5M; $2.5M funded immediately; up to additional $2.5M available over three months.
Empire Petroleum enters $10M revolver with Equity Bank, terminates prior CrossFirst loan
Initial $10M revolver commitment (max $15M) from Equity Bank; final maturity Dec 29, 2026.
Empire Petroleum amends Mulacek share purchase price from $8.00 to $8.21; reduces shares issued
Phil Mulacek's $5M investment price changed to $8.21/share, reducing issued shares from 625,000 to 609,013.
Empire Petroleum raises $10M cash and converts $10.1M debt via issuance of 2.5M shares at $8.00
Issued 1,256,832 shares to each of Phil Mulacek and Energy Evolution Master Fund at $8.00/share.
Empire extends $10M bridge loans to Dec 2024; interest payable in common stock
Maturity of $5M loans from Phil Mulacek and Energy Evolution Master Fund extended from Nov 9, 2023 to Dec 31, 2024.
On September 1, 2024, Matthew E. Watson, age 44, joined Empire Petroleum Corporation (the “Company”) as Chief Accounting Officer of the Company.
As previously reported, on March 12, 2024, Stephen L. Faulkner, Jr. (Larry) informed Empire Petroleum Corporation (the "Company") that he was resigning as Chief Financial Officer and Chief Accounting Officer of the Company effective on March 28, 2024.
On May 10, 2024, the Board of Directors of the Company appointed Michael R. Morrisett, the Company’s President and Chief Executive Officer, to temporarily serve as the Company’s principal financial officer until the Company hires a replacement principal financial officer.
On March 12, 2024, Stephen L. Faulkner, Jr. (Larry) informed Empire Petroleum Corporation (the “Company”) that he was resigning as Chief Financial Officer and Chief Accounting Officer of the Company effective on or about March 28, 2024.
On July 8, 2023, Eugene J. Sweeney resigned as Chief Operating Officer of Empire Petroleum Corporation (the “Company”).
On April 28, 2023, Stephen L. Faulkner, Jr. (Larry), age 51, the Controller and Chief Accounting Officer of Empire Petroleum Corporation (the “Company”) was promoted to Chief Financial Officer of the Company.
On April 28, 2023, the Board of Directors of the Company appointed J. Kevin Vann to fill a vacancy on the Board of Directors for a term expiring at the 2023 annual meeting of stockholders
On March 16, 2023, Thomas W. Pritchard resigned as Chief Executive Officer and a director of Empire Petroleum Corporation (the “Company”) to pursue other opportunities.
On March 16, 2023, Thomas W. Pritchard resigned as Chief Executive Officer and a director of Empire Petroleum Corporation (the “Company”) to pursue other opportunities.
On March 17, 2023, the Board of Directors appointed Michael R. Morrisett to the position of Chief Executive Officer, in addition to his current duties of President and Principal Financial Officer of the Company.
On December 16, 2022, Stephen L. Faulkner, Jr. (Larry), age 51, joined Empire Petroleum Corporation (the “Company”) as Controller and Chief Accounting Officer of the Company.
On November 7, 2022, Angela M. Baker informed Empire Petroleum Corporation (the “Company”) that she was resigning as Chief Accounting Officer of the Company effective November 30, 2022.
Max materiality 0.80 · Median 0.60 · Most common event other_material