Empire Petroleum Corp (EP)
Empire Petroleum Corp brought in $31.1M of revenue over the twelve months to June 30, 2026, down 19.8% from a year earlier. It posted a net loss of $71.3M. At June 30, 2026 it held $3.1M in cash against $1.6M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about Empire Petroleum Corp
- Net worth
- Empire Petroleum Corp has a market value (market cap) of $100.6M at the latest share price, and shareholders' equity of $7.3M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $34.2M (-22.3% year on year), with a net loss of $72.1M. Over the 12 months to June 30, 2026: revenue $31.1M, net loss $71.3M.
- Cash flow
- In fiscal 2025 operations used $3.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Empire Petroleum Corp's next report is expected around November 16, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Empire Petroleum Corp does
Empire Petroleum Corp is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker EP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $34.2M | -$72.1M | -$2.12 | n/a |
| 2024 | $44M | -$16.2M | -$0.54 | n/a |
| 2023 | $40.1M | -$12.5M | -$0.55 | n/a |
| 2022 | $53.2M | $7.1M | $0.30 | n/a |
| 2021 | $27.5M | -$18.6M | -$1.27 | n/a |
| 2020 | $7.7M | -$16.8M | -$2.97 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where EP ranks in Energy
Latest SEC filings
What Empire Petroleum Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 27, 2026Activist stake changed SCHEDULE 13D/A
- September 18, 2026
- September 16, 2026Material agreement8-KEmpire Petroleum issued a $3,250,000 convertible promissory note to Petroleum Independent and Exploration.
- September 3, 2026
- August 17, 2026
- August 14, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.6% to $9.5M versus the same quarter last year; diluted EPS -$0.05 versus -$0.15.
- July 7, 2026Activist stake changed SCHEDULE 13D/A
- June 30, 2026
- June 22, 2026
- May 15, 2026
Insider trades
What the people running Empire Petroleum Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $625.2K and sold $15.6K worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 9, 2026 | Energy Evolution Master Fund, Ltd.10% owner | Bought | 9,417 | $23.8K |
| November 6, 2026 | Energy Evolution Master Fund, Ltd.10% owner | Bought | 33,771 | $82.9K |
| November 5, 2026 | Energy Evolution Master Fund, Ltd.10% owner | Bought | 48,025 | $97.1K |
| October 23, 2026 | Energy Evolution Master Fund, Ltd.10% owner | Other change | 514,064 | - |
| October 23, 2026 | Morrisett Michael R.President & CEO, Director | Other change | 6,277 | - |
| October 15, 2026 | Mulacek Phil EDirector, 10% owner | Boughtindirect | 2,603 | $8.3K |
| October 14, 2026 | Mulacek Phil EDirector, 10% owner | Boughtindirect | 69,427 | $222.2K |
| October 12, 2026 | Mulacek Phil EDirector, 10% owner | Boughtindirect | 20,073 | $64.2K |
Who owns EP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Energy Evolution Master Fund, Ltd.13D, may seek influence | 28.1% | October 27, 2026 |
| Phil E. Mulacek13D, may seek influence | 21.2% | November 27, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 33 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Vanguard Capital Management LLC | 662,546 | +87,289 |
| Geode Capital Management, LLC | 238,289 | -189,933 |
| BlackRock, Inc. | 211,830 | -695,599 |
| Millennium Management LLC | 155,999 | new |
| Vanguard Fiduciary Trust Co | 124,683 | +16,477 |
| &PARTNERS | 110,857 | 0 |
| Jane Street Group, LLC | 88,768 | new |
| Citadel Advisors LLC | 66,304 | +52,418 |
| Susquehanna International Group, Llp | 64,693 | new |
| Wellington Management Group Llp | 62,783 | +16,769 |
| Wealth Enhancement Advisory Services, LLC | 57,331 | 0 |
| State Street Corp | 53,772 | -159,120 |
| Goldman Sachs Group Inc | 53,419 | +9,698 |
| NewEdge Advisors, LLC | 51,064 | new |
| Northern Trust Corp | 48,906 | -82,939 |
| Bridgeway Capital Management, LLC | 45,300 | new |
| Cetera Investment Advisers | 40,412 | +1,603 |
| Qube Research & Technologies Ltd | 28,523 | new |
| UBS Group AG | 16,988 | -2,258 |
| Point72 Asset Management, L.P. | 14,797 | new |
Insiders
8 insiders reported holding 23,249,129 shares in total, about $56.3M at the last price.
| Holder | Shares |
|---|---|
| Energy Evolution Master Fund, Ltd.10% owner | 11,787,102 |
| Mulacek Phil EDirector, 10% owner | 10,472,4161,060,835 held indirectly |
| Matschke Mason H.Director | 442,302 |
| Morrisett Michael R.President & CEO, Director | 368,974 |
| Marchive Benjamin J. IIDirector | 73,000 |
| Lewis Andrew LloydDirector | 53,220 |
| Vann J KevinDirector | 38,115 |
| Watson Matthew E.Chief Accounting Officer | 14,000 |
Questions about EP
What does Empire Petroleum Corp do?
Empire Petroleum Corp is a company in the Energy sector, listed on NYSE as EP. Its shares trade on NYSE under the ticker EP.
What is Empire Petroleum Corp's net worth?
Empire Petroleum Corp has a market value (market cap) of $100.6M at the latest share price, and shareholders' equity of $7.3M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Empire Petroleum Corp profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $71.3M on revenue of $31.1M.
How much revenue does Empire Petroleum Corp make?
Over the twelve months to June 30, 2026 Empire Petroleum Corp reported revenue of $31.1M. That is 19.8% less than a year earlier.
When did Empire Petroleum Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Empire Petroleum Corp's next earnings report?
Empire Petroleum Corp's next report is expected around November 16, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Empire Petroleum Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.