Empire Petroleum (EP)

Empire Louisiana LLC • Empire New Mexico LLC • Empire EMSU LLC • Empire EMSU-B LLC • Empire AGU LLC • Empire NM Assets LLC • Empire North Dakota LLC • Empire ND Acquisition LLC • Empire Northwest Shelf LLC • Empire Texas LLC ...

IRS number

731238709

EP stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

Entry into a Material Definitive Agreement

22 Nov 24

8-K

Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates

13 Nov 24

Empire Petroleum Announces Full Subscription of Rights Offering

28 Oct 24

424B5

Prospectus supplement for primary offering

Prospectus supplement for primary offering

1 Oct 24

S-8

Registration of securities for employees

13 Sep 24

8-K

Departure of Directors or Certain Officers

6 Sep 24

8-K

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

15 Aug 24

Transcripts

Earnings call transcript

2022 Q3

15 Nov 22

Earnings call transcript

2022 Q2

16 Aug 22

Latest ownership filings

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Change in insider ownership

Change in insider ownership

14 Aug 24

SC 13D/A

Energy Evolution Master Fund, Ltd.

10 Jul 24

Change in insider ownership

2 Jul 24

Phil E Mulacek

1 Jul 24

Financial summary

Financial statements Chart EP financial data

Quarter (USD)	Sep 24	Jun 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.15 mm	3.15 mm	3.15 mm	3.15 mm	3.15 mm	3.15 mm
Cash burn (monthly)	2.04 mm	386.90 k	1.21 mm	1.31 mm	(no burn)	(no burn)
Cash used (since last report)	5.68 mm	1.08 mm	3.39 mm	3.65 mm	n/a	n/a
Cash remaining	-2.53 mm	2.07 mm	-236.18 k	-503.23 k	n/a	n/a
Runway (months of cash)	-1.2	5.4	-0.2	-0.4	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

EP institutional ownership history Ownership history

50.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	21	38	-44.7%
Opened positions	4	36	-88.9%
Closed positions	21	0	NEW
Increased positions	10	0	NEW
Reduced positions	2	0	NEW

13F shares	Current	Prev Q	Change
Total value	2.83 bn	16.54 bn	-82.9%
Total shares	11.46 mm	14.15 mm	-19.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Energy Evolution Master Fund	9.93 mm	$85.16 mm	0.0%
Puckett Land	1.00 mm	$22.90 mm	0.0%
STT State Street	181.16 k	$934.78 mm	+5.1%
Wiley Bros.-aintree Capital	110.86 k	$572.02 mm	0.0%
BK The Bank of New York Mellon Corporation	44.99 k	$232.16 mm	+37.6%
MS Morgan Stanley	41.65 k	$214.90 mm	+7.0%
Verdence Capital Advisors	41.54 k	$214.33 mm	0.0%
Nadler Financial	17.09 k	$88.21 mm	0.0%
Rhumbline Advisers	16.30 k	$84.10 mm	+11.0%
Deutsche Bank AG - Registered Shares	15.12 k	$78.04 mm	+143.6%

Largest transactions	Bought/sold	Change
BLK BlackRock	-757.59 k	EXIT
Vanguard	-658.53 k	EXIT
Mariner	-528.98 k	EXIT
Geode Capital Management	-313.28 k	EXIT
NTRS Northern Trust	-122.95 k	EXIT
GWM Advisors	-75.00 k	EXIT
Nuveen Asset Management	-62.72 k	EXIT
Boothbay Fund Management	-59.30 k	EXIT
Alpine Global Management	-59.30 k	EXIT
Cetera Advisor Networks	-38.51 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

EP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Nov 24	Mulacek Phil E	Common Stock	Option exercise	Acquire M	Yes	No	5.05	4,172	21.07 k	42,833
25 Nov 24	Mulacek Phil E	Common Stock	Option exercise	Acquire M	Yes	No	5.05	49,687	250.92 k	485,202
25 Nov 24	Mulacek Phil E	Common Stock	Option exercise	Acquire M	Yes	No	5.05	49,556	250.26 k	526,300
25 Nov 24	Mulacek Phil E	Common Stock	Option exercise	Acquire M	Yes	No	5.05	76,899	388.34 k	817,262
25 Nov 24	Mulacek Phil E	Common Stock	Option exercise	Acquire M	No	No	5.05	507,546	2.56 mm	5,214,780
25 Nov 24	Mulacek Phil E	Subscription Rights Common Stock	Option exercise	Dispose M	Yes	No	5.05	38,661	195.24 k	0
25 Nov 24	Mulacek Phil E	Subscription Rights Common Stock	Option exercise	Dispose M	Yes	No	5.05	435,515	2.20 mm	0
25 Nov 24	Mulacek Phil E	Subscription Rights Common Stock	Option exercise	Dispose M	Yes	No	5.05	476,744	2.41 mm	0
25 Nov 24	Mulacek Phil E	Subscription Rights Common Stock	Option exercise	Dispose M	Yes	No	5.05	740,363	3.74 mm	0
25 Nov 24	Mulacek Phil E	Subscription Rights Common Stock	Option exercise	Dispose M	No	No	5.05	4,707,234	23.77 mm	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Kuehn Law Encourages Investors of Empire Petroleum Corp to Contact Law Firm

12 Dec 24

NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Empire Petroleum Corp (NYSE:EP) breached their fiduciary duties to

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

22 Nov 24

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

Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates

14 Nov 24

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

Empire Petroleum Announces Full Subscription of Rights Offering

25 Oct 24

Empire Petroleum Announces Extension of Previously Announced Rights Offering

10 Oct 24