Every 10-Q that Empire Petroleum Corporation (EP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EP filings page.
Empire Corporation reported continued losses for the six months ended June 30, 2026. Total revenue was $14.6 million, down from $17.8 million a year earlier, driven by a loss of $4.2 million on commodity derivatives despite higher oil sales. The company recorded a six‑month net loss of $8.5 million versus $9.3 million in the prior‑year period.
Total assets increased to $81.1 million from $65.9 million, largely from higher oil and gas properties, while total liabilities were $73.8 million. Net cash used in operating activities was $3.7 million, and cash at period‑end was $3.1 million. Empire remains in compliance with covenants on its $13.1 million revolving credit facility.
Liquidity remains strained: the company had negative working capital of about $16.3 million and expects working capital to stay negative through 2026. Management discloses substantial doubt about the ability to continue as a going concern absent support, and points to committed financial backing from major related‑party stockholders, a $10 million rights offering completed in March 2026, and an at‑the‑market program for up to $7.5 million of stock as key funding sources.
Empire Corporation reported a larger quarterly loss and highlighted liquidity pressures alongside new financing actions. For the three months ended March 31, 2026, total revenue was $5.1 million, down from $9.0 million a year earlier, and net loss widened to $6.6 million or $0.18 per share.
Cash rose to $8.8 million as of March 31, 2026, helped by a rights offering that raised about $10.0 million of gross proceeds, while net cash used in operating activities was $1.0 million. Total assets were $78.0 million and stockholders’ equity improved from a deficit to positive $3.7 million.
The company disclosed negative working capital of roughly $12.0 million and expects negative working capital to persist through 2026. It remains in compliance with credit facility covenants and has limited remaining borrowing capacity plus related-party support, and management believes these plans alleviate substantial doubt previously raised about its ability to continue as a going concern.
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.