Welcome to our dedicated page for Empire Petroleum SEC filings (Ticker: EP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Empire Petroleum Corporation filings document the disclosure record for a NYSE American-listed oil and gas producer with common stock registered under the Exchange Act. Recent Form 8-K reports cover financial and operating results, material agreements such as an at-the-market common stock sales agreement, registered rights offering updates, and participation in oil and natural gas development activity.
Its proxy materials address board elections, auditor ratification, executive compensation voting, equity incentive plan approval, and board oversight of strategy, capital allocation and risk management. The filing record also identifies the company's common stock, par value and exchange listing, linking governance and capital-structure disclosures to its oil and gas operations.
Empire Petroleum Corporation reported that its previously announced rights offering was fully subscribed, generating approximately $10.0 million in gross proceeds before expenses. The subscription period ended on March 18, 2026, and investors submitted requests for more than 100% of the securities available.
Each whole share in the rights offering was priced at $2.99. All participating stockholders will receive their basic subscription entitlement, while remaining shares will be allocated pro rata, after eliminating fractional shares, among those who oversubscribed. Earlier prospectus supplements increased the rights offering size from $6.0 million to $10.0 million.
Empire Petroleum Corporation has elected to participate in a new three-well oil and natural gas development program in Louisiana. The company will hold a 25% working interest in the initial well, with its share of drilling and completion costs funded through the issuance of approximately 700,000 shares of common stock.
The initial well in the East Perkins Field in Calcasieu Parish targets proven hydrocarbon-bearing formations where logs, cores and strong reservoir pressure have confirmed both liquid and gas hydrocarbons. Completion operations on the first well are expected to begin in April 2026, followed by initial production testing and potential follow-on development at two additional locations within the same structural trend.
Kinder Morgan VP Michael P. Garthwaite reported an open-market sale of 1,550 shares of Class P Common Stock at a weighted average price of $33.296 per share under a pre-arranged Rule 10b5-1 trading plan. The trades occurred between $33.275 and $33.3101 per share, leaving him with 46,393 shares.
Empire Petroleum reported a much weaker 2025, with total product revenue of $34.2 million versus $44.0 million in 2024 and a net loss of $72.1 million, or ($2.12) per diluted share, compared with a $16.2 million loss, or ($0.54) per share, a year earlier. Results were hurt by lower oil and NGL prices, reduced oil volumes, and a non‑cash impairment of $51.3 million on certain properties.
Adjusted EBITDA swung to a loss of $5.4 million from positive $0.7 million, while year‑end 2025 SEC proved reserves fell to 7.6 MMBoe from 9.2 MMBoe, and the standardized measure dropped to $58.6 million from $98.4 million. The balance sheet weakened sharply: total assets declined to $65.9 million, stockholders’ equity moved to a deficit of ($4.6 million), and year‑end cash was $1.2 million with $2.5 million available under the credit facility. Management highlighted expansion of Texas gas infrastructure, hedging over 2026 oil volumes at prices above $72 per barrel, and recent and ongoing rights offerings as key steps to support liquidity and reposition the portfolio toward natural gas–driven growth.
U.S. Capital Wealth submitted a Form 144 notifying a proposed sale of Common Stock on the NYSE. The filing references stock awards dated 07/19/2025 for 12,018 shares and 07/20/2024 for 6,582 shares. The filing date shown is 03/16/2026.
Empire Corporation reports its 2025 annual results as a U.S. onshore oil and gas producer with operations in New Mexico, North Dakota, Texas and Louisiana. Net production was 818,303 Boe in 2025 versus 884,076 Boe in 2024, with average realized prices falling to $41.75 per Boe from $49.76.
Proved developed reserves declined to 7,625 MBoe at December 31, 2025 from 9,227 MBoe a year earlier, and the company recorded a $51.3 million impairment loss. Empire ended 2025 with approximately $16.2 million of total indebtedness, negative working capital of $16.2 million and $1.2 million of cash, and acknowledges substantial doubt about its ability to continue as a going concern without additional funding.
Empire Petroleum Corp director and 10% owner Phil E. Mulacek exercised a Convertible Note Due 2026 into 1,003,344 shares of common stock at $2.99 per share. After this derivative exercise, he directly holds 7,177,076 common shares and also reports additional indirect holdings through several related entities and his spouse.
Kinder Morgan, Inc. executive John W. Schlosser, Vice President and President of Terminals, sold 6,166 shares of Class P common stock in an open-market transaction. The shares were sold at a weighted average price of $33.675 per share, in multiple trades between $33.45 and $34.01 per share.
The transaction was executed on March 5, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on May 7, 2025. After this sale, Schlosser directly owns 188,872 shares of Kinder Morgan common stock.
Empire Petroleum Corporation is modifying its previously announced shareholder rights offering, increasing the number of common shares available under the subscription rights to 3,344,482 for gross proceeds of up to approximately $10.0 million at a subscription price of $2.99 per share.
Each stockholder of record on February 2, 2026 receives one non-transferable right per share owned, with each right allowing the purchase of 0.095 new shares. The company has also extended the rights offering expiration to 5:00 p.m. Eastern Time on March 18, 2026, and investors who fully exercise their basic rights may over-subscribe for additional shares, subject to proration.
Empire Petroleum Corporation is conducting a rights offering of subscription rights to purchase up to 3,344,482 shares of common stock at a subscription price of $2.99 per share, increasing the aggregate value to up to $10.0M. The rights were distributed pro rata to holders on the Record Date and each right now permits purchase of 0.095 shares at the subscription price.
The rights are nontransferable, exercisable beginning on the date of this supplement, and expire at 5:00 p.m. Eastern Time on March 18, 2026 unless extended. Proceeds are designated for current and future drilling and workover activity and general corporate purposes. The largest stockholder, Energy Evolution Master Fund, Ltd., owns approximately 32.1% prior to the offering and has indicated intent to fully subscribe and exercise over-subscription rights.