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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on EMPIRE PETROLEUM's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into EMPIRE PETROLEUM's regulatory disclosures and financial reporting.
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.
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.
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.
Empire Petroleum Corp director and 10% owner Phil E. Mulacek reported receiving a Convertible Note Due 2026 as a grant or award. The Form 4 lists this derivative security with a transaction value of $3,000,000 and classifies the transaction as an acquisition rather than an open-market purchase or sale.
Empire Petroleum Corporation entered into a new financing arrangement by issuing a $3,000,000 promissory note to Phil E. Mulacek on February 19, 2026. The note carries 5.5% annual interest, matures on May 19, 2026, and then accrues interest at 9% if unpaid.
Mr. Mulacek can convert any or all principal into common stock at $2.99 per share, which would result in 1,003,344 shares if fully converted, with interest paid in cash. The company plans to use the proceeds to repay debt and fund general working capital, and will seek NYSE American approval to list the underlying shares. The transaction was conducted as a private offering under Section 4(a)(2) of the Securities Act.
Empire Petroleum Corporation is launching a $6.0 million registered rights offering. Stockholders of record as of February 2, 2026 receive one non-transferable subscription right for each whole common share they own.
Each right allows the holder to buy 0.057 shares at $2.99 per share, with no fractional shares issued. Investors who fully use their basic rights also get an oversubscription privilege to request additional shares at the same price, subject to availability and pro-rata allocation. The subscription rights expire at 5:00 p.m. Eastern time on February 27, 2026, unless extended.
Empire Petroleum Corporation is conducting a rights offering of up to 2,006,689 shares of common stock at $2.99 per share, for gross proceeds of up to $6.0 million. Existing stockholders as of February 2, 2026 receive one non-transferable right for each share owned, allowing them to buy 0.057 new shares per share held.
Holders who fully exercise their basic rights may request additional shares through an over-subscription right, allocated pro rata if demand exceeds remaining shares. If fully subscribed, shares outstanding would rise from 35,202,507 to about 37.2 million, a 5.7% increase. Net proceeds are intended for current and future drilling, workover activity, and general corporate purposes.
The rights offering is expected to expire at 5:00 p.m. Eastern Time on February 27, 2026, though the company may extend, amend, or terminate it. Energy Evolution Master Fund, Ltd., which owns approximately 32.1% of the common stock, has indicated an intent to fully exercise its rights and over-subscription rights, and Chairman Phil E. Mulacek has also indicated an intent to participate.
Empire Petroleum Corporation plans a registered rights offering of up to $6.0 million. The company set a record date of February 2, 2026, after which holders of its common stock will receive one subscription right for each share they own as of the close of business on that date. Each subscription right will allow its holder to purchase 0.057 shares of common stock at a subscription price of $2.99 per whole share. Details of the rights offering will be provided in a prospectus supplement to be filed when the offering is launched.