Empire Petroleum Corp. (EP)
NYSE · Crude Petroleum & Natural Gas · Mining · CIK 887396 · fiscal year ends in Dec
Closing price $2.67 on 30 Oct 2026; 52-week range $2.08 to $3.77.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $31.1M
- Revenue growth
- -20.8%
- Net income, last twelve months
- -$71.3M
- Earnings per share
- -$2.05
- Operating margin
- -224.1%
- Net margin
- -229.6%
- Free cash flow
- -$6.3M
- Return on equity
- -974.5%
- Market value
- $111.0M
- Cash
- $3.1M
- Debt
- $15.1M
- Debt to equity
- 2.07
- Shares outstanding
- 41.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $34.2M | -$71.3M | -$72.1M | -$2.12 | -$4.0M | 10-K filed 13 Mar 2026 |
| FY2024 | 31 Dec 2024 | $43.7M | -$13.7M | -$16.2M | -$0.54 | $6.0M | 10-K filed 27 Mar 2025 |
| FY2023 | 31 Dec 2023 | $40.1M | -$11.6M | -$12.5M | -$0.55 | – | 10-K filed 28 Mar 2024 |
| FY2022 | 31 Dec 2022 | $52.9M | $8.8M | $7.1M | $0.30 | – | 10-K filed 31 Mar 2023 |
| FY2021 | 31 Dec 2021 | $27.1M | -$473.4K | -$18.6M | -$1.27 | – | 10-K filed 31 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $9.5M | -$1.9M | -$0.05 |
| Q1 FY2026 | 31 Mar 2026 | $5.1M | -$6.6M | -$0.18 |
| Q4 FY2025 | 31 Dec 2025 | $7.1M | -$59.0M | -$1.71 |
| Q3 FY2025 | 30 Sep 2025 | $9.4M | -$3.8M | -$0.11 |
| Q2 FY2025 | 30 Jun 2025 | $8.8M | -$5.1M | -$0.15 |
| Q1 FY2025 | 31 Mar 2025 | $9.0M | -$4.2M | -$0.12 |
| Q4 FY2024 | 31 Dec 2024 | $10.1M | -$4.2M | -$0.13 |
| Q3 FY2024 | 30 Sep 2024 | $11.4M | -$3.6M | -$0.12 |
Company events
The newest 8-K filings of 154 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 16 Sep 2026 | 8-K | Material agreement, New debt, Share sale | 1.01, 2.03, 3.02, 9.01 |
| 17 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 22 Jun 2026 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 15 May 2026 | 8-K | Results | 2.02, 9.01 |
| 1 May 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 19 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
| 18 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
| 16 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 25 Feb 2026 | 8-K | Other events | 8.01, 9.01 |
| 23 Feb 2026 | 8-K | Material agreement, New debt, Share sale | 1.01, 2.03, 3.02, 9.01 |
| 2 Feb 2026 | 8-K | Other events | 8.01, 9.01 |
| 21 Jan 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 410 held.
| Filed | Form | Period |
|---|---|---|
| 25 Sep 2026 | EFFECT | – |
| 18 Sep 2026 | S-3/A | – |
| 16 Sep 2026 | 8-K | 10 Sep 2026 |
| 3 Sep 2026 | S-3 | – |
| 17 Aug 2026 | 8-K | 17 Aug 2026 |
| 14 Aug 2026 | 10-Q | 30 Jun 2026 |
| 30 Jun 2026 | S-8 | – |
| 22 Jun 2026 | 8-K | 17 Jun 2026 |
| 15 May 2026 | 8-K | 15 May 2026 |
| 14 May 2026 | 10-Q | 31 Mar 2026 |
| 1 May 2026 | 8-K | 1 May 2026 |
| 30 Apr 2026 | ARS | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 15 Oct 2026 | Mulacek Phil E, Director | Purchase | 2,603 | $3.20 | $8.3K | 1,060,835 | 19 Oct 2026 |
| 14 Oct 2026 | Mulacek Phil E, Director | Purchase | 69,427 | $3.20 | $222.2K | 1,058,232 | 19 Oct 2026 |
| 12 Oct 2026 | Mulacek Phil E, Director | Purchase | 20,073 | $3.20 | $64.2K | 988,805 | 19 Oct 2026 |
| 9 Oct 2026 | Mulacek Phil E, Director | Purchase | 5,878 | $3.08 | $18.1K | 962,732 | 19 Oct 2026 |
| 8 Oct 2026 | Mulacek Phil E, Director | Purchase | 4,281 | $2.82 | $12.1K | 956,854 | 13 Oct 2026 |
| 7 Oct 2026 | Mulacek Phil E, Director | Purchase | 4,023 | $2.72 | $10.9K | 952,573 | 13 Oct 2026 |
| 6 Oct 2026 | Mulacek Phil E, Director | Purchase | 2,315 | $2.72 | $6.3K | 948,550 | 13 Oct 2026 |
| 5 Oct 2026 | Mulacek Phil E, Director | Purchase | 14,508 | $2.67 | $38.8K | 946,235 | 13 Oct 2026 |
| 30 Sep 2026 | Mulacek Phil E, Director | Purchase | 11,915 | $2.25 | $26.8K | 931,727 | 5 Oct 2026 |
| 11 Sep 2026 | Matschke Mason H., Director | Purchase | 5,777 | $2.38 | $13.7K | 442,302 | 15 Sep 2026 |
| 8 Sep 2026 | Watson Matthew E., Chief Accounting Officer | Sale outside a trading plan | 3,288 | $3.13 | $10.3K | 14,000 | 9 Sep 2026 |
| 4 Sep 2026 | Watson Matthew E., Chief Accounting Officer | Sale outside a trading plan | 1,712 | $3.12 | $5.3K | 17,288 | 9 Sep 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Oct 2026 | Energy Evolution Master Fund, Ltd. | 13D amended | 28.1% | 11.7M |
| 7 Jul 2026 | Energy Evolution Master Fund, Ltd. | 13D amended | 30.7% | 12.2M |
| 7 Nov 2025 | Michael R. Morrisett | 13D amended | 2.49% | 866.1K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 187.3K | -6.07% | 3.3 |
| 30 Sep 2026 | 199.4K | -23.91% | 6.69 |
| 15 Sep 2026 | 262.0K | +6.08% | 5.62 |
| 31 Aug 2026 | 247.0K | -18.36% | 7.33 |
| 14 Aug 2026 | 302.5K | -25.71% | 12.51 |
| 31 Jul 2026 | 407.2K | -19.58% | 13.87 |
| 15 Jul 2026 | 506.4K | -23.28% | 6.59 |
| 30 Jun 2026 | 660.1K | -41.52% | 2.29 |
Funds that hold it
From each fund's latest Form 13F.
55 funds held it at 30 Jun 2026: 19 added and 10 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Vanguard Capital Management LLC | 662,546 | $1.8M | +87,289 |
| Geode Capital Management, LLC | 238,289 | $639.0K | -189,933 |
| BlackRock, Inc. | 211,830 | $567.7K | -695,599 |
| Millennium Management LLC | 155,999 | $418.1K | +155,999 |
| Vanguard Fiduciary Trust Co. | 124,683 | $334.1K | +16,477 |
| &partners | 110,857 | $297.1K | 0 |
| Jane Street Group, LLC | 88,768 | $237.9K | +88,768 |
| Citadel Advisors LLC | 66,304 | $177.7K | +52,418 |
| Susquehanna International Group, LLP | 64,693 | $173.4K | +64,693 |
| Wellington Management Group LLP | 62,783 | $168.3K | +16,769 |
Peers
Companies in the same industry.
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- Petróleo Brasileiro S.A. (Petrobras) (PBR): revenue $89.2B, market value $142.2B
- Canadian Natural Resources Limited (CNQ): revenue $27.8B, market value $116.8B
- Eni S.p.A. (E): revenue $92.9B, market value $89.9B
- EOG Resources Inc. (EOG): revenue $27.0B, market value $86.9B
- Occidental Petroleum Corp. (OXY): revenue –, market value $64.0B
- Diamondback Energy, Inc. (FANG): revenue $17.1B, market value $59.5B
- Devon Energy Corp. (DVN): revenue $19.7B, market value $57.4B
- Woodside Energy Group Ltd. (WDS): revenue $13.0B, market value $44.8B