EP Empire Petroleum Corporation

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Empire Petroleum Corporation

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$EP

Oil & Gas Production

Energy

IPO Year: 2022

Exchange: NYSE

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Empire Petroleum Corporation Financials

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Empire Petroleum Announces Results for Third Quarter of 2022
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today reported operational and financial results for the third quarter of 2022. KEY THIRD QUARTER 2022 HIGHLIGHTS Increased sales volumes by 3% to 2,232 barrels of oil equivalent per day ("Boe/d") (60% oil, 19% natural gas and 21% natural gas liquids ("NGLs")) from 2,158 Boe/d (62% oil, 18% natural gas and 20% NGLs) for the second quarter of 2022; Recorded revenue of $14.8 million that resulted in net income of $0.2 million, or $0.01 per diluted share, and Adjusted Net Income1 of $3.7 million, or $0.16 per diluted share; Generated Adjusted EBITDA1 of $4.8 million, or $23.36 per barrel of oil equivalent ("Boe"); Increased cash
11/14/22 9:27:00 PM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Timing of Third Quarter 2022 Earnings Release and Conference Call
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today announced that it will release its financial and operational results for the third quarter of 2022 after the market closes on Monday, November 14, 2022. An investor conference call to review its results will be held on Tuesday, November 15, 2022, at 12:00 p.m. Eastern (11:00 a.m. Central). The call will be hosted by Tommy Pritchard, the Company's Chief Executive Officer, and Mike Morrisett, Empire's President. Details for the conference call are as follows: Date: Tuesday, November 15, 2022 Time: 12:00 p.m. Eastern (11:00 a.m. Central) Telephone: 1-877-270-2148 (Toll free); 1-412-902-6510 (International); participants should as
11/10/22 5:00:00 PM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Second Quarter 2022 Financial Results
Revenue from Oil and Gas Sales of $16.5 million, Net Income Reaches $5.5 million Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced the Company's financial results for the second quarter of 2022, ended June 30, 2022. Second Quarter 2022 Financial Highlights Revenue from oil, natural gas, and natural gas liquids sales was $16.5 million for the second quarter, triple the $4.9 million revenue reported in the 2021 comparable period. Net income for the quarter was $5.5 million compared to a net loss of $5.3 for the second quarter of 2021, a positive swing of
8/16/22 8:00:00 AM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Corporation Announces Second Quarter 2022 Earnings Conference Call
Conference Call on Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced that the Company will hold a quarterly conference call to discuss its second quarter 2022 financial results on Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT. The second quarter 2022 financial results press release will be issued premarket the morning of Tuesday, August 16, 2022. Teleconference Date/Time Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT Teleconference and Webcast Information To participate, please ca
8/10/22 8:00:00 AM ET
$EP
Oil & Gas Production
Energy

Empire Petroleum Corporation Press Releases

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Empire Petroleum Increases Revolver Loan Facility with Equity Bank to $20 Million in Support of Strategic Growth Initiatives
Amended current revolver commitment from $10 Million to $20 Million Initially provides additional financial capacity of over $11 Million Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company") today announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank ((Equity Bancshares, NYSE:EQBK), increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. Currently, Empire has approximately $8.4 million borrowed on the $20.0 million facility. The loan is secured by assets from two of the Company's subsidiaries, Empire North Dakota, LLC, and Empire ND Acquisition, LLC. The increase h
11/22/24 7:30:00 AM ET
$EP
$EQBK
Oil & Gas Production
Energy
Major Banks
Finance
Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 third quarter results and progress on its North Dakota development program. THIRD QUARTER 2024 HIGHLIGHTS Delivered Q3-2024 net production volumes of 2,460 barrels of oil equivalent per day ("Boe/d") including 1,573 barrels of oil per day ("Bbl/d") Boe/d is comprised of 64% oil, 17% natural gas liquids ("NGLs"), and 19% natural gas; Completed the first stage of Enhanced Oil Recovery ("EOR") activities for Empire's Starbuck Drilling Program ("Starbuck") in North Dakota, successfully converting three w
11/14/24 7:30:00 AM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Full Subscription of Rights Offering
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its previously announced rights offering (the "Rights Offering") was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on October 24, 2024. The Company received subscriptions for more than 100% of the shares available in the Rights Offering. Accordingly, stockholders will receive their basic subscription rights. However, since there are not enough shares to satisfy all oversubscriptions, remaining shares will be allocated pro-rata, af
10/25/24 8:30:00 AM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Extension of Previously Announced Rights Offering
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has extended the expiration date of its previously announced subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company has extended the Expiration Date in order to allow its stockholders to have more time to consider their participation and arrange finances for the Rights Offering. A contributing factor is requests by Company stockholders as a result of the recent disruption caused by Hurricane Mi
10/10/24 6:32:00 AM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Commencement of Previously Announced Rights Offering
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company is distributing at no charge to holders of its common stock, par value $0.001 per share ("Common Stock"), as of the close of business on September 30, 2024 (the record date for the Rights Offering), one subscription right for each share of Common Stock held. Each subscription right entitles the holder
10/1/24 8:05:00 AM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Record Date for Proposed Rights Offering
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on September 30, 2024 as the record date (the "Record Date") for a subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10 million. The Company will distribute at no charge to holders of its common stock, par value $0.001 per share ("Common Stock"), as of the close of business on the Record Date one subscription right for each share of Common Stock held. Each subscri
9/20/24 6:37:00 PM ET
$EP
Oil & Gas Production
Energy
Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EP
Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Empire Petroleum Corporation ("Empire" or the "Company") (NYSE:EP) into potential breaches of fiduciary duty by the Company's Board of Directors (the "Board"). Empire, headquartered in Tulsa, OK, is a conventional oil and natural gas producer with a main focus in the US onshore. Newman Ferrara's investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company's lackluster performance, it is clear that the Board lacks the ability to fairly assess an
8/19/24 5:09:00 PM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Reports Q2 2024 Results and Provides an Update for North Dakota Drilling Program
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 second quarter results and progress on its North Dakota development drilling program. SECOND QUARTER 2024 HIGHLIGHTS Q2-2024 net production volumes rose 20% sequentially and 24% year-over-year to 2,638 barrels of oil equivalent per day ("Boe/d"); Average daily oil sales volumes grew by 23% sequentially and 25% year-over-year with largest increase from North Dakota operations 67% oil, 16% natural gas liquids ("NGLs"), and 17% natural gas; Completion of the first stage of the North Dakota horizontal
8/14/24 4:35:00 PM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today provided an update on its North Dakota development drilling program and reported results for the first quarter of 2024. FIRST QUARTER 2024 HIGHLIGHTS Reported Q1-24 net sales volumes of 2,207 barrels of oil equivalent per day ("Boe/d"); 65% oil, 17% natural gas liquids ("NGLs"), and 18% natural gas Average daily oil sales volumes grew by 11% sequentially and 8% year-over-year Commenced $20.66M Rights Offering at $5.00 per share to fund current drilling, 3-D seismic imaging, other strategic initiatives, and ope
5/15/24 4:42:00 PM ET
$EP
Oil & Gas Production
Energy
Empire Petroleum Announces Full Subscription of Rights Offering
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today its previously announced rights offering (the "Rights Offering") was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on April 10, 2024. The Company received subscriptions for more than 100% of the shares available in the Rights Offering. Accordingly, stockholders will receive their basic subscription privilege but, because there are not enough shares to satisfy all oversubscriptions, remaining shares will be allocated pro-rata, after el
4/11/24 4:15:00 PM ET
$EP
Oil & Gas Production
Energy

Empire Petroleum Corporation Leadership Updates

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Empire Petroleum Provides Business Update and Announces First Quarter 2022 Financial Results
Revenue from Oil and Gas Sales at $13.1 million and Net Income $3.6 million Recent Acquisitions Add Immediate Accretive Cash Flow & Increased Scale with Minimal Incremental Overhead Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced the Company's financial results for the first quarter of 2022, ended March 31, 2022. Recent Highlights First Quarter 2022 Financial Results Revenue from oil, natural gas, and natural gas liquids sales was $13.1 million for the first quarter compared to $2.4 million in the 2021 comparable period. Net income for the quarter w
5/17/22 8:00:00 AM ET
$EP
Oil & Gas Production
Energy
Vice Admiral Andrew Lewis Appointed as Board Member
Lewis' Leadership Spans Over 36 Years of Distinguished Military Service Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, announced today the appointment of Vice Admiral Andrew Lewis as Board Member, effective immediately. Vice Admiral Lewis replaces Anthony Kamin, who has served Empire as a Director since December 2016 and recently as Co-Chairman of the Board. Vice Admiral Andrew Lewis was raised in Los Altos, California, and is a 1985 graduate of the U.S. Naval Academy. He was designated a Naval Aviator in April 1987 and has flown over 100 combat missions, accumulating o
5/2/22 8:30:00 AM ET
$EP
Oil & Gas Production
Energy
PROS Holdings, Inc. Announces Appointment of Leland T. Jourdan to Board of Directors
Seasoned business leader brings operational and DEI expertise to fuel next phase of corporate growth PROS Holdings, Inc. (NYSE:PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced the appointment of Leland T. "Lee" Jourdan to its board of directors effective June 1, 2021. Jourdan joins the board as an independent director. Jourdan is a seasoned business development and diversity, equity and inclusion (DEI) leader within the Oil & Gas industry. Recently retired from Chevron (NYSE:CVX), he spent the past 18 years in senior management roles including Chief Diversity and Inclusion Officer, Senior Management Sponsor, and Vice President, Commerc
6/1/21 8:00:00 AM ET
$EP
$CVX
$PRO
$D
Oil & Gas Production
Energy
Integrated oil Companies
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Empire Petroleum Corporation

Recent Analyst Ratings for Empire Petroleum Corporation

Empire Petroleum Corporation

Recent Analyst Ratings for Empire Petroleum Corporation

Empire Petroleum Corporation Financials

Live finance-specific insights

Empire Petroleum Announces Results for Third Quarter of 2022

Empire Petroleum Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

Empire Petroleum Announces Second Quarter 2022 Financial Results

Empire Petroleum Corporation Announces Second Quarter 2022 Earnings Conference Call

Empire Petroleum Corporation Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Mulacek Phil E exercised 687,860 shares at a strike of $5.05, increasing direct ownership by 11% to 5,214,780 units (SEC Form 4)

Director Matschke Mason H. exercised 36,054 shares at a strike of $5.05 (SEC Form 4)

Large owner Energy Evolution Master Fund, Ltd. exercised 790,413 in-the-money shares at a strike of $5.05, increasing direct ownership by 8% to 10,733,028 units (SEC Form 4)

Director Mulacek Phil E bought $10,661 worth of shares (2,114 units at $5.04), increasing direct ownership by 0.04% to 4,707,234 units (SEC Form 4)

SEC Form 3 filed by new insider Watson Matthew E.

Director Mulacek Phil E was granted 205,427 shares (SEC Form 4)

Large owner Energy Evolution Master Fund, Ltd. acquired 16,800 shares, increasing direct ownership by 0.17% to 9,942,615 units (SEC Form 4)

Large owner Energy Evolution Master Fund, Ltd. exercised 128,800 in-the-money shares at a strike of $5.00, increasing direct ownership by 1% to 9,925,815 units (SEC Form 4)

Director Mulacek Phil E bought $204,555 worth of shares (38,543 units at $5.31), increasing direct ownership by 0.81% to 4,705,120 units (SEC Form 4)

Amendment: Director Mulacek Phil E exercised 7,937 shares at a strike of $5.00 (SEC Form 4)

Empire Petroleum Corporation Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Empire Petroleum Corporation

Amendment: SEC Form SC 13D/A filed by Empire Petroleum Corporation

Amendment: SEC Form SC 13D/A filed by Empire Petroleum Corporation

SEC Form SC 13D/A filed by Empire Petroleum Corporation (Amendment)

SEC Form SC 13D/A filed by Empire Petroleum Corporation (Amendment)

SEC Form SC 13D/A filed by Empire Petroleum Corporation (Amendment)

Empire Petroleum Corporation Press Releases

Fastest customizable press release news feed in the world

Empire Petroleum Increases Revolver Loan Facility with Equity Bank to $20 Million in Support of Strategic Growth Initiatives

Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates

Empire Petroleum Announces Full Subscription of Rights Offering

Empire Petroleum Announces Extension of Previously Announced Rights Offering

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

Empire Petroleum Announces Record Date for Proposed Rights Offering

Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EP

Empire Petroleum Reports Q2 2024 Results and Provides an Update for North Dakota Drilling Program

Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results

Empire Petroleum Announces Full Subscription of Rights Offering

Empire Petroleum Corporation SEC Filings

Empire Petroleum Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Regulation FD Disclosure

Empire Petroleum Corporation filed SEC Form 8-K: Results of Operations and Financial Condition

SEC Form 10-Q filed by Empire Petroleum Corporation

SEC Form 8-K filed by Empire Petroleum Corporation

SEC Form 424B5 filed by Empire Petroleum Corporation

SEC Form 8-K filed by Empire Petroleum Corporation

SEC Form 424B5 filed by Empire Petroleum Corporation

SEC Form S-8 filed by Empire Petroleum Corporation

SEC Form 8-K filed by Empire Petroleum Corporation

Empire Petroleum Corporation filed SEC Form 8-K: Results of Operations and Financial Condition

Empire Petroleum Corporation Leadership Updates

Live Leadership Updates

Empire Petroleum Provides Business Update and Announces First Quarter 2022 Financial Results

Vice Admiral Andrew Lewis Appointed as Board Member

PROS Holdings, Inc. Announces Appointment of Leland T. Jourdan to Board of Directors

Empire Petroleum Corporation Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Mulacek Phil E bought $10,661 worth of shares (2,114 units at $5.04), increasing direct ownership by 0.04% to 4,707,234 units (SEC Form 4)

Director Mulacek Phil E bought $204,555 worth of shares (38,543 units at $5.31), increasing direct ownership by 0.81% to 4,705,120 units (SEC Form 4)

Marchive Benjamin J. Ii bought $16,701 worth of shares (2,000 units at $8.35), increasing direct ownership by 4% to 51,000 units (SEC Form 4)

Marchive Benjamin J. Ii bought $21,951 worth of shares (2,000 units at $10.98), increasing direct ownership by 4% to 49,000 units (SEC Form 4)

Energy Evolution Master Fund, Ltd. bought $10,054,656 worth of shares (1,256,832 units at $8.00), increasing direct ownership by 23% to 6,790,469 units (SEC Form 4)