Empire Petroleum (AMEX:EP) reported quarterly losses of $(0.15) per share. This is a 87.5 percent decrease over losses of $(0.08) per share from the same period last year. The company reported $9.39 million in sales this quarter. This is a 6.61 percent decrease over sales of $10.05 million the same period last year.
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8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
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8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
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
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
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
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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
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
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
Empire Petroleum (AMEX:EP) reported quarterly losses of $(0.15) per share. This is a 87.5 percent decrease over losses of $(0.08) per share from the same period last year. The company reported $9.39 million in sales this quarter. This is a 6.61 percent decrease over sales of $10.05 million the same period last year.
Empire Petroleum (AMEX:EP) reported quarterly losses of $(0.24) per share. This is a 300 percent decrease over losses of $(0.06) per share from the same period last year. The company reported $11.17 million in sales this quarter. This is a 4.10 percent increase over sales of $10.73 million the same period last year.
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
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
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
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