Empire Petroleum Corp

Empire Petroleum Corp. engages in the exploration and development of oil and natural gas. The company possesses long-life, low operational cost, mature, producing assets with slow decline profiles in the Permian Basin, Bakken region and central Gulf Coast region, in the states of New Mexico, North Dakota, Montana, Louisiana, and Texas. Empire focuses on economical well rehabilitation, stimulation, field maintenance and management to generate low-risk cash flows that provides stability and growth for shareholders. The company was founded in August 1983 and is headquartered in Tulsa, OK.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: 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 shar.

Empire Petroleum Announces Full Subscription of Rights Offering

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana today announced operational and financial results for the fourth quarter and full year of 2023, including year-end 2023 proved reserves. KEY Q4 AND FULL YEAR HIGHLIGHTS Produced fourth quarter 2023 net sales volumes of 2,011 barrels of oil equivalent per day (“Boe/d”) (64% oil, 16% natural gas liq.

Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: 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 modified the terms of its previously announced subscription rights offering (“Rights Offering”). The Company has distributed at no charge to holders of its common stock, par value $0.001 per share (“Common Stock”), as of the close of business on Mar.

Empire Petroleum Announces Modification of Terms of Previously Announced Rights Offering

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana today announced that the Company is scheduled to participate in the 36th Annual ROTH Conference to be held at the Ritz Carlton Laguna Nigel in Dana Point, California, on March 17-19, 2024. Michael Morrisett, President & Chief Executive Officer of Empire, will host one-on-one meetings with inves.

Empire Petroleum to Participate in the 36th Annual ROTH Conference

TULSA, Okla., March 7, 2024 – Empire Petroleum Corporation (NYSE American: 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 $25.0 million.

EMPIRE PETROLEUM ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED RIGHTS OFFERING

TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- Empire Petroleum Corporation (NYSE American: 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 $25.0 million.

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: 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 a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $2.

Empire Petroleum Issues Correction for Previously Announced Proposed Rights Offering

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: 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 March 7, 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 $25 million. T.

Empire Petroleum Announces Record Date for Proposed Rights Offering

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: 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 program to further develop its Starbuck Field located in North Dakota (the “Starbuck Drilling Program”). In addition, the Company announced preliminary operational and financial results for Q4 2023. Empire expects 2024 to be a year of progress as it continues to adv.

Empire Petroleum Announces Operational Update and Preliminary Financial Results for Fourth Quarter 2023

Cool Co Ltd

ENGlobal

Hallador Energy

Vertex Energy

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Top 5 Energy Stocks That May Explode In February

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana, today announced operational and financial results for the third quarter of 2023. In addition, the Company provided an update on its targeted drilling program underway at its Starbuck field in North Dakota (the “Starbuck Drilling Program”). KEY THIRD QUARTER 2023 AND RECENT HIGHLIGHTS Posted net sa.

Empire Petroleum Announces Results for Third Quarter 2023

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today announced the formal commencement of its 2023 drilling program with the recent spud of a new well at its North Dakota asset (the “Starbuck” Field). The Company's capital development programs in 2023 and 2024 have been designed to ensure cost-effective production growth w.

Empire Petroleum Commences 2023 Development Program

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana, today announced operational and financial results for the second quarter of 2023. KEY SECOND QUARTER AND RECENT HIGHLIGHTS Grew average daily oil sales volumes by 6% sequentially and 4% year-over-year; Produced sales volumes of 2,135 barrels of oil equivalent per day (“Boe/d”) (66% oil, 16% natura.

Empire Petroleum Announces Results for Second Quarter 2023

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: 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 on August 9, 2023, it closed on the acquisition of COERT Holdings 1 LLC's (“COERT”) interests in Empire's three New Mexico assets, Eunice Monument South Unit A, Eunice Monument South Unit B, and Arrowhead Grayburg Unit, all of which are located in Lea County (the “Tra.

Empire Petroleum Announces Acquisition of Additional Interests in New Mexico Units

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced operational and financial results for the first quarter of 2023. KEY FIRST QUARTER HIGHLIGHTS Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day (“Boe/d”) (61% oil, 19% natural gas liquids (“NGLs”) and 20% natural gas) from 2,112 Boe/d (60% oil, 19% NGLs, and 21% natural gas) for the first quarter of 2022; Reported revenue of $10.1 million.

Empire Petroleum Announces Results for First Quarter 2023

Enviva Partners

Gran Tierra Energy

Scorpio Tankers

Valero Energy

Top 5 Energy Stocks You'll Regret Missing This Month - Enviva (NYSE:EVA), Empire Petroleum (AMEX:EP)

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced that Stephen L. (“Larry”) Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin (“Kevin”) Vann has been named to the Company's Board of Directors as an independent director. Both appointments were effective April 28, 2023; both were part of a proven operational team that helped develop the former WPX Energy, Inc. into a multi-billion dollar company before.

Empire Petroleum Welcomes Larry Faulkner as Chief Financial Officer and Kevin Vann to the Board of Directors

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced operational and financial results for the fourth quarter and full year of 2022, including year-end 2022 proved reserves.

Empire Petroleum Announces Results for Fourth Quarter and Full Year 2022

Amplify Energy Corp.

Abraxas Petroleum

Battalion Oil Corp

Evolution Petroleum

Epsilon Energy Ltd

PEDEVCO

PHX Minerals

PrimeEnergy

Twenty-one micro-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, YOY Revenue Growth, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. I would advise only those investors with a high risk tolerance to consider micro-cap energy producers.

Micro-Cap Energy Stocks Ranked By Quality

Empire Petroleum Corporation (NYSE:EP ) Q3 2022 Results Conference Call November 15, 2022 12:00 PM ET Company Participants Wes Harris - Al Petrie Advisors Tommy Pritchard - Chief Executive Officer and Director Mike Morrisett - President and Director Eugene Sweeney - Chief Operating Officer Kevin Vann - Vice President of Finance and Strategic Planning Operator Good day, and welcome to the Empire Petroleum Corporation Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Empire Petroleum Corporation (EP) Q3 2022 Earnings Call Transcript

TULSA, Okla.--( BUSINESS WIRE )--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today reported operational and financial results for the third quarter of 2022.

Empire Petroleum Announces Results for Third Quarter of 2022

TULSA, Okla.--( BUSINESS WIRE )--Empire Petroleum (NYSE American: 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:

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

Empire Petroleum Expands Executive Management Team

Empire's general and administrative expense (excluding stock-based compensation) is over $14 per BOE currently. It probably needs to get its production over 8,000 BOEPD to make its G&A costs per BOE competitive.

Empire Petroleum: A Need To Scale Up Production Levels

Empire Petroleum Corp (NYSE:EP ) Q2 2022 Earnings Conference Call August 16, 2022 11:00 AM ET Company Participants Stephanie Prince - ProActive Capital Group Thomas Pritchard - CEO, Secretary & Director Michael Morrisett - President, Treasurer & Director Eugene Sweeney - COO Conference Call Participants Operator Good day, and welcome to the Empire Petroleum Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

News for Empire Petroleum Corp Stock (EP)