Highest-materiality recent filing
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.
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 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 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 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 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 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 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 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 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 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.
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