Empire Petroleum SEC Filings

Empire Petroleum Corp11/26/2025, he bought 1,316 shares at $3 per share, and on 11/28/2025 he bought another 1,743 shares at $3 per share. Following these transactions, he directly beneficially owns 6,154,258 common shares. He also reports indirect ownership of 817,262 shares through Petroleum Independent & Exploration LLC, 526,300 shares through Big Red Revocable Trust, 485,202 shares through Five Sterling LP, and 42,833 shares through his spouse.

Empire Petroleum Corp (EP)11/18/2025, the director bought 2,000 shares of Empire Petroleum common stock in an open-market transaction coded "P" for purchase. The shares were acquired at a price of $3.1409 per share.

Following this transaction, the director now beneficially owns 63,000 shares of Empire Petroleum common stock in direct ownership form. This filing is a routine Form 4 report providing transparency about insider trading activity and the director's current stake in the company.

Kinder Morgan, Inc. reported an insider stock gift by its Executive Vice President. On 11/17/2025, the officer transferred 1,500 shares of Class P common stock as a gift to a donor-advised charitable fund, at a reported price of $0, reflecting the non-sale nature of the transaction. After this gift, the reporting person directly beneficially owns 290,500 shares of Kinder Morgan common stock. The filing covers this single charitable transfer and does not reflect any open-market purchase or sale.

Empire Petroleum Corporation filed a Form 8-K to report that it has released its financial and operating results for the third quarter 2025. On November 17, 2025, the company issued a press release detailing these results and furnished it as Exhibit 99 to this report. The Form 8-K clarifies that the information provided under Item 2.02 is being furnished rather than filed under the securities laws.

Empire Petroleum filed its Q3 2025 10‑Q, showing softer results and active balance‑sheet moves. Total revenue was $9.4 million for the quarter (vs. $11.4 million a year ago) and $27.1 million for the nine months (vs. $33.6 million). Net loss was $3.8 million for Q3 and $13.1 million year‑to‑date. Lease operating costs, taxes, and DD&A kept expenses elevated, resulting in an operating loss.

Liquidity remains tight. Cash was $4.6 million and total debt $15.2 million, including $14.1 million on the Equity Bank credit facility. The company reported negative working capital of about $8.6 million. It increased its revolver to $20.0 million with $3.3 million unused as of September 30, 2025, though the commitment steps down by $0.25 million monthly. An August rights offering raised roughly $2.5 million, part of which repaid a related‑party note. Additional related‑party financing included a June note and a September convertible note, with $2.0 million outstanding at quarter‑end and equity‑linked features.

The filing identifies conditions that raised substantial doubt about continuing as a going concern; management cites committed related‑party support and recent financings and believes these plans alleviate that doubt. The company was in compliance with all debt covenants.

Kinder Morgan, Inc. (KMI) executive John W. Schlosser, V.P. (President, Terminals), reported a sale of Class P common stock. On 11/10/2025, he sold 6,166 shares at $27 per share and now beneficially owns 213,536 shares, held directly.

The filing notes the sales were effected under a Rule 10b5‑1 trading plan adopted on May 7, 2025. The report was filed as a Form 4 by one reporting person.

Empire Petroleum (EP) reported an insider transaction by director and 10% owner Phil E. Mulacek. On 09/24/2025, the reporting person acquired a Convertible Note due 2027 with principal of $4,000,000, convertible at $4.32 per share, reflecting 462,962 underlying common shares tied to the initial advances. He also acquired a warrant for 138,889 common shares at an exercise price of $4.32.

On 11/05/2025, the note was amended to increase the conversion price to $4.32 and to provide that this price applies only to the first $2,000,000 already advanced, with any additional advances convertible at a floating price as set forth in the note. The warrant was amended the same day to raise the exercise price to $4.32 and reduce the underlying shares from 281,030 to 138,889. The warrant becomes exercisable after NYSE American approves a supplemental listing application covering the underlying shares.

Empire Petroleum (EP) entered a Letter Agreement on November 5, 2025 amending its previously disclosed $4,000,000 promissory note and related warrant issued to Phil E. Mulacek. The original note bears 5.5% interest, matures on September 23, 2027, and is convertible at the holder’s option at a conversion price of $4.27 per share. As of September 25, 2025, the Company had received a $2,000,000 first advance, with the ability for up to an additional $2,000,000 after March 23, 2026 for six months, upon notice and absent default.

The original warrant covers 281,030 shares at an exercise price of $4.27 for three years. The amendment adds a key limit: Mr. Mulacek cannot receive more than an aggregate 1,217,798 shares of common stock from note conversions, warrant exercises, and any warrants tied to additional advances. The full Letter Agreement is filed as Exhibit 10.

Empire Petroleum (EP): Schedule 13D/A update — Michael R. Morrisett, the company’s President and CEO, reports beneficial ownership of 866,087 shares of common stock, representing 2.49% of the class. The percentage is based on 34,266,208 shares outstanding as of September 30, 2025.

On November 5, 2025, he sold in a private transaction the remainder of his 4/3/19 stock option (589,100 shares) and 187,084 shares of common stock for an aggregate sales price of $1,600,000. As disclosed, he ceased to be a beneficial owner of more than 5% on November 5, 2025. His reported total includes 520,000 shares issuable upon currently exercisable options and 35,000 shares underlying vested RSUs with deferred delivery.