EMPIRE PETROLEUM CORP shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-06-17 meeting.
“Proposal Four – Ratification of Appointment of Independent Registered Public Accounting Firm The stockholders voted to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for 2026. The results of the vote were as follows: For Against Abstain Broker Non-Votes 30,104,778 2,163 301,907 -0-”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Approval of the Empire Petroleum Corporation 2026 Stock and Incentive Compensation Plan at the 2026-06-17 meeting.
“Proposal Three – Approval of the Empire Petroleum Corporation 2026 Stock and Incentive Compensation Plan The stockholders voted to approve the 2026 Plan. The results of the vote were as follows: For Against Abstain Broker Non-Votes 20,679,661 489,113 1,064 9,239,010”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2026-06-17 meeting.
“Proposal Two — Advisory Vote to Approve Named Executive Officer Compensation The stockholders voted to approve, on an advisory basis, named executive officer compensation. The results of the vote were as follows: For Against Abstain Broker Non-Votes 20,676,312 425,115 68,411 9,239,010”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Election of three directors to serve for a term expiring at the annual meeting of stockholders in 2027 at the 2026-06-17 meeting.
“Proposal One — Election of Directors The stockholders voted to elect three directors to serve for a term expiring at the annual meeting of stockholders in 2027 and until their successors are duly elected and qualified. The results of the vote were as follows: For Withheld Broker Non-Votes Michael R. Morrisett 20,291,265 878,573 9,239,010 Vice Admiral Andrew L. Lewis (Ret.) 20,509,740 660,098 9,239,010 J. Kevin Vann 20,564,930 604,908 9,239,010”
Earnings Releases
EMPIRE PETROLEUM CORP reported financial results for first quarter 2026.
“Empire Petroleum Corporation (the "Company") issued a press release announcing its financial and operating results for the first quarter 2026.”
Material Agreements
EMPIRE PETROLEUM CORP entered into Sales Agreement with Roth Capital Partners, LLC valued at up to $30,000,000 (effective 2026-05-01).
“On May 1, 2026, Empire Petroleum Corporation (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (the “Agent”), under which the Company may, from time to time, sell shares of the Company’s common stock, par value $0.001 per share, having an aggregate offering price of up to $30,000,000 (“Shares”) in “at the market” offerings through or to the Agent, as sales agent and/or principal.”
Earnings Releases
EMPIRE PETROLEUM CORP reported the fourth quarter and full year 2025 results: revenue $34.2 million, net income $72.1 million, EPS ($2.12) per diluted share.
“quarters of 2026 at a blended price in excess of $72 per barrel verses roughly $54 realized price per barrel in Q4-2025; ○ Reported full year 2025 total product revenue of $34.2 million, a net loss of $72.1 million, or ($2.12) per diluted share; ■ Adjusted EBITDA of ($5.4) million for full year 2025 compared to $0.7 million in 2024; ■ Loss is primarily”
Equity Issuances
EMPIRE PETROLEUM CORP issued convertible note to Phil E. Mulacek for $3,000,000 aggregate principal amount.
“On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $3,000,000 with Phil E. Mulacek at 5.5% per annum maturing May 19, 2026.
“On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.”
Material Agreements
EMPIRE PETROLEUM CORP entered into Promissory Note with Phil E. Mulacek valued at $3,000,000 (effective 2026-02-19).
“On February 19, 2026, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $3,000,000 (the “Note”) to Phil E. Mulacek.”
Material Agreements
EMPIRE PETROLEUM CORP amended Third Amendment valued at $50,550 (effective 2025-12-29).
“On December 29, 2025, Borrowers entered into the Third Amendment to the Credit Facility (the “Third Amendment”). Pursuant to the Third Amendment, among other things, (a) the final maturity date was extended to December 29, 2028, (b) Borrowers delivered a replacement promissory note, (c) Empire Texas executed and delivered an amended and restated security agreement, (d) Borrowers paid a fully earned and non-refundable loan extension fee of $50,550, and (e) the Company executed and delivered guarantor acknowledgment and ratification.”
Material Agreements
EMPIRE PETROLEUM CORP amended Second Amendment (effective 2025-06-18).
“On June 18, 2025, Original Borrowers and Empire Texas (defined below) entered into the Second Amendment to the Credit Facility (the “Second Amendment”).”
Material Agreements
EMPIRE PETROLEUM CORP amended First Amendment valued at $20.0 million (effective 2024-11-18).
“On November 18, 2024, Original Borrowers entered into the First Amendment to the Credit Facility (the “First Amendment”).”
Material Agreements
EMPIRE PETROLEUM CORP entered into Credit Facility with Equity Bank valued at $10.0 million (effective 2023-12-29).
“On December 29, 2023, Empire North Dakota LLC (“Empire North Dakota”), a wholly owned subsidiary of Empire Petroleum Corporation (the “Company”), and Empire ND Acquisition LLC, a wholly owned subsidiary of the Company (“Empire NDA” and, collectively with Empire North Dakota, “Original Borrowers”), entered into a revolver loan agreement with Equity Bank (the “Credit Facility”).”
Debt Financings
EMPIRE PETROLEUM CORP amended credit facility with Equity Bank maturing December 29, 2028.
“ollectively with Empire North Dakota, “Original Borrowers”), entered into a revolver loan agreement with Equity Bank (the “Credit Facility”). Pursuant to the Credit Facility (a) the initial revolver commitment amount is $10.0 million; (b) the”
Equity Issuances
EMPIRE PETROLEUM CORP issued 281,030 shares of common stock of warrant to Phil E. Mulacek for partial consideration for commitment to make advances.
“As partial consideration for the commitment to make the advances under the Note, the Company has issued a warrant certificate for Mr. Mulacek to purchase 281,030 shares of common stock of the Company (the “Warrant Shares”) at an exercise price of $4.27 per share for a period of three years (the “Warrant”).”
Equity Issuances
EMPIRE PETROLEUM CORP issued convertible note to Phil E. Mulacek for $4,000,000 aggregate principal amount.
“On September 24, 2025 (the “Original Issue Date”), Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $4,000,000 (the “Note”) to Phil E. Mulacek.”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing September 23, 2027.
“On September 24, 2025 (the “Original Issue Date”), Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $4,000,000 (the “Note”) to Phil E. Mulacek.”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing June 17, 2027.
“On June 17, 2025 (the "Original Issue Date"), Empire Petroleum Corporation (the "Company") issued that certain Promissory Note in the aggregate principal amount of $4,000,000 (the "Note") to Phil E. Mulacek.”
Matthew E. Watson was appointed as Chief Accounting Officer at EMPIRE PETROLEUM CORP.
“On September 1, 2024, Matthew E. Watson, age 44, joined Empire Petroleum Corporation (the “Company”) as Chief Accounting Officer of the Company.”
Earnings Releases
EMPIRE PETROLEUM CORP reported financial results for first quarter 2024.
“On May 15, 2024, Empire Petroleum Corporation (the “Company”) issued a press release announcing its financial and operating results for the first quarter 2024.”
Michael R. Morrisett was appointed as Principal Financial Officer at EMPIRE PETROLEUM CORP.
“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.”
Stephen L. Faulkner, Jr. resigned as Chief Financial Officer and Chief Accounting Officer at EMPIRE PETROLEUM CORP.
“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.”
Earnings Releases
EMPIRE PETROLEUM CORP reported full year 2023 results: net income $12.5 million, EPS $0.55 per diluted share.
“Posted a net loss $4.8 million, or $0.20 per diluted share, for the fourth quarter 2023 and a net loss of $12.5 million, or $0.55 per diluted share, for full year 2023”
Earnings Releases
EMPIRE PETROLEUM CORP reported the fourth quarter 2023 results: revenue $11.2 million, net income $4.8 million, EPS $0.20 per diluted share.
“2,011 Boe/d, including 1,294 barrels of oil per day; 326 barrels of NGLs per day, and 2,346 thousand cubic feet per day (“Mcf/d”), or 391 Boe/d, of natural gas. Empire reported $11.2 million of total revenue for the fourth quarter of 2023 versus $9.1 million for the third quarter of 2023. Contributing to the increase was a $1.3 million net gain on derivatives versus”
Stephen L. Faulkner, Jr. resigned as Chief Financial Officer and Chief Accounting Officer at EMPIRE PETROLEUM CORP.
“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.”
“The Company’s Q4 2023 total production is estimated at 185,000 barrels oil equivalent or approximately 2,011 barrels of oil equivalent per day (BOE/D) (approximately 64% oil), with estimated production revenue of approximately $9.9 million.”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $5,000,000 with Energy Evolution Master Fund, Ltd. at 7% per annum maturing February 15, 2026.
“On February 16, 2024, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $5,000,000 (the “Note”) to Energy Evolution Master Fund, Ltd.”
Material Agreements
EMPIRE PETROLEUM CORP entered into Promissory Note with Energy Evolution Master Fund, Ltd. valued at $5,000,000 (effective 2024-02-16).
“On February 16, 2024, Empire Petroleum Corporation (the “Company”) issued that certain Promissory Note in the aggregate principal amount of $5,000,000 (the “Note”) to Energy Evolution Master Fund, Ltd., a Cayman Islands exempted company (“Energy Evolution”).”
Debt Financings
EMPIRE PETROLEUM CORP incurred revolving credit of initial revolver commitment amount is $10,000,000 with Equity Bank at prime rate of interest plus 1.50% maturing December 29, 2026.
“the initial revolver commitment amount is $10,000,000; (b) the maximum revolver commitment amount is $15,000,000; (c) commencing on January 31, 2024, and occurring on the last day of each calendar month thereafter, the revolver commitment amount is reduced by $150,000; (d) commencing on March 31, 2024, there are scheduled semiannual collateral borrowing base redeterminations each year on March 31 and September 30; (e) the final maturity date is December 29, 2026; (f) outstanding borrowings bear interest at a rate equal to the prime rate of interest plus 1.50%, and in no event lower than 8.50%”
Material Agreements
EMPIRE PETROLEUM CORP terminated Existing Loan Agreement with CrossFirst Bank (effective 2023-12-29).
“In connection with the closing of the Loan Agreement, on December 29, 2023, the Company repaid all indebtedness under the Existing Loan Agreement, including accrued interest and fees, and terminated the Existing Loan Agreement, which was scheduled to expire on August 23, 2024.”
Material Agreements
EMPIRE PETROLEUM CORP entered into Revolver Loan Agreement with Equity Bank valued at $10,000,000 (effective 2023-12-29).
“On December 29, 2023, Empire North Dakota LLC, a Delaware limited liability company (“Empire North Dakota”) and wholly owned subsidiary of Empire Petroleum Corporation (the “Company”), and Empire ND Acquisition LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Empire ND Acquisition” and, collectively with Empire North Dakota, “Borrowers”), entered into a Revolver Loan Agreement with Equity Bank (the “Loan Agreement”).”
Material Agreements
EMPIRE PETROLEUM CORP amended Letter Amendment with Phil Mulacek (effective 2023-12-01).
“On December 1, 2023, Mulacek entered into an amendment to the Mulacek Securities Purchase Agreement with the Company (the “Letter Amendment”)”
Material Agreements
EMPIRE PETROLEUM CORP entered into Securities Purchase Agreement with Energy Evolution Master Fund, Ltd valued at 1,256,832 shares of common stock for aggregate purchase price of $10,054,657.53 ($8.00 per share); $ (effective 2023-11-29).
“On November 29, 2023, the Company entered into a Securities Purchase Agreement with Energy Evolution Master Fund, Ltd, a Cayman Islands exempted company (“Energy Evolution”), pursuant to which Energy Evolution purchased 1,256,832 shares of common stock of the Company for an aggregate purchase price of $10,054,657.53 (or $8.00 per share), of which (a) $2,000,000 was advanced in cash to the Company on November 22, 2023, (b) $3,000,000 was paid in cash to the Company and (c) $5,054,657.53 was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000 (the “Energy Evolution Bridge Loan”), issued by Empire North Dakota to Energy Evolution (the “Energy Evolution Securities Agreement” and collectively with the Mulacek Securities Agreement, the “Securities Purchase Agreements”).”
Material Agreements
EMPIRE PETROLEUM CORP entered into Securities Purchase Agreement with Phil Mulacek valued at 1,256,832 shares of common stock for aggregate purchase price of $10,054,657.53 ($8.00 per share); $ (effective 2023-11-29).
“On November 29, 2023, Empire Petroleum Corporation, a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement with Phil Mulacek, an individual (“Mulacek”), pursuant to which Mulacek purchased 1,256,832 shares of common stock of the Company for an aggregate purchase price of $10,054,657.53 (or $8.00 per share), of which (a) $5,000,000 was paid in cash to the Company and (b) $5,054,657.53 was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000 (the “Mulacek Bridge Loan”), issued by the Company’s wholly-owned subsidiary, Empire North Dakota LLC (“Empire North Dakota”), to Mulacek (the “Mulacek Securities Agreement”).”
Earnings Releases
EMPIRE PETROLEUM CORP reported third quarter 2023 results: revenue $10.3 million, net income $2.7 million, EPS $0.12 per diluted share.
“gas) for the second quarter of 2023. Sales volumes for the third quarter of 2022 were 2,232 Boe/d (60% oil, 21% NGLs, and 19% natural gas); · Reported product revenue of $10.3 million, a net loss of $2.7 million, or $0.12 per diluted share, and an Adjusted Net Loss 1 of $1.5 million, or $0.06 per diluted share; · Generated Adjusted EBITDA 1 of $0.1 million;”
Debt Financings
EMPIRE PETROLEUM CORP amended loan with Phil Mulacek and Energy Evolution Master Fund, Ltd. maturing December 31, 2024.
“On November 9, 2023, the Investors amended and restated the Bridge Loans with Empire North Dakota (collectively, the “Amended and Restated Bridge Loans”) for the purpose of, among other things: (a) extending the maturity date of the Bridge Loans from November 9, 2023 to December 31, 2024;”
Material Agreements
EMPIRE PETROLEUM CORP amended Amended and Restated Bridge Loans with Phil Mulacek; Energy Evolution Master Fund, Ltd. valued at $5.0 million (effective 2023-11-09).
“On November 9, 2023, the Investors amended and restated the Bridge Loans with Empire North Dakota (collectively, the “Amended and Restated Bridge Loans”)”
Material Agreements
EMPIRE PETROLEUM CORP amended Letter Amendment with Phil Mulacek and Energy Evolution Master Fund, Ltd. (collectively, the Investors) valued at $5.0 million (effective 2023-10-31).
“On October 31, 2023, the Investors entered into an amendment to the Bridge Loans with Empire North Dakota for the sole purpose of extending the maturity date of the Bridge Loans from October 31, 2023 to November 9, 2023 (the "Letter Amendment").”
Debt Financings
EMPIRE PETROLEUM CORP incurred guarantee with Energy Evolution Master Fund, Ltd..
“The Company has issued to each Investor its unconditional guarantee of the obligations of Empire North Dakota under the Bridge Loans”
Debt Financings
EMPIRE PETROLEUM CORP incurred guarantee with Phil Mulacek.
“The Company has issued to each Investor its unconditional guarantee of the obligations of Empire North Dakota under the Bridge Loans”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $5.0 million with Energy Evolution Master Fund, Ltd. at 7% per annum maturing October 31, 2023.
“North Dakota LLC, a Delaware limited liability company (“Empire North Dakota”) and a wholly owned subsidiary of Empire Petroleum Corporation (the “Company”), in the amount of $5.0 million (collectively, the “Bridge Loans”). The proceeds of the Bridge Loans in the aggregate amount of $10.0 million will be used by Empire North Dakota for the redevelopment of oil and”
Debt Financings
EMPIRE PETROLEUM CORP incurred loan of $5.0 million with Phil Mulacek at 7% per annum maturing October 31, 2023.
“each of Phil Mulacek, an individual, and Energy Evolution Master Fund, Ltd., a Cayman Islands exempted company (each, an “Investor” and collectively, the “Investors”), made a bridge loan to Empire North Dakota LLC, a Delaware limited liability company (“Empire North Dakota”) and a wholly owned subsidiary of Empire Petroleum Corporation (the “Company”), in the amount of $5.0 million”
Earnings Releases
EMPIRE PETROLEUM CORP reported second quarter of 2023 results: revenue $9.7 million, net income $2.5 million, EPS $0.11 per diluted share.
“Reported revenue of $9.7 million, a net loss of $2.5 million, or $0.11 per diluted share”
Eugene J. Sweeney resigned as Chief Operating Officer at EMPIRE PETROLEUM CORP.
“On July 8, 2023, Eugene J. Sweeney resigned as Chief Operating Officer of Empire Petroleum Corporation (the “Company”).”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-09 meeting.
“Proposal Four – Ratification of Appointment of Independent Registered Public Accounting Firm The stockholders voted to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for 2023. The results of the vote were as follows: For Against Abstain Broker Non-Votes 17,656,254 272 -0- -0-”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Approval of the Empire Petroleum Corporation 2023 Stock and Incentive Compensation Plan at the 2023-06-09 meeting.
“Proposal Three – Approval of the Empire Petroleum Corporation 2023 Stock and Incentive Compensation Plan The stockholders voted to approve the 2023 Plan. The results of the vote were as follows: For Against Abstain Broker Non-Votes 12,138,332 591,626 190 4,926,378”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-06-09 meeting.
“Proposal Two — Advisory Vote to Approve Named Executive Officer Compensation The stockholders voted to approve, on an advisory basis, named executive officer compensation. The results of the vote were as follows: For Against Abstain Broker Non-Votes 12,417,438 26,480 254,050 4,926,378”
Shareholder Votes
EMPIRE PETROLEUM CORP shareholders approved Election of three directors at the 2023-06-09 meeting.
“Proposal One — Election of Directors The stockholders voted to elect three directors to serve for a term expiring at the annual meeting of stockholders in 2024 and until their successors are duly elected and qualified. The results of the vote were as follows: For Withheld Broker Non-Votes Michael R. Morrisett 11,725,388 1,004,760 4,926,378 Vice Admiral Andrew L. Lewis (Ret.) 11,481,424 1,248,724 4,926,378 J. Kevin Vann 12,666,481 63,667 4,926,378”
Earnings Releases
EMPIRE PETROLEUM CORP reported first quarter of 2023 results: revenue $10.1 million, net income a net loss of $2.5 million, EPS $0.11 per diluted share.
“Tulsa, Oklahoma – May 15, 2023 – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced operational and financial results for the first quarter of 2023. KEY FIRST QUARTER HIGHLIGHTS · Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day (“Boe/d”) (61% oil, 19% natural gas liquids (“NGLs”) and 20% natural gas) from 2,112 Boe/d (60% oil, 19% NGLs, and 21% natural gas) for the first quarter of 2022; · Reported revenue of $10.1 million, a net loss of $2.5 million, or $0.11 per diluted share, and an Adjusted Net Loss 1 of $1.9 million, or $0.08 per diluted share;”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.