Empire Petroleum Establishes At-The-Market Equity Sales Program

Empire Petroleum ( (EP) ) has issued an announcement.

On May 1, 2026, Empire Petroleum Corporation entered into a Sales Agreement with Roth Capital Partners that allows the company to sell up to $30 million of its common stock in at-the-market or privately negotiated transactions. The shares, issued off an effective shelf registration, may be sold from time to time at prevailing market prices, with Roth receiving a 3% commission and customary indemnification, giving Empire flexible, discretionary access to equity capital that could support its financial and operational needs without obligating it to complete any specific issuance.

Spark’s Take on EP Stock

According to Spark, TipRanks’ AI Analyst, EP is a Neutral.

The score is held down primarily by deteriorating financial performance (deeper losses, negative equity, and negative operating cash flow) and a weak technical setup (price below key moving averages with negative MACD). Corporate events provide some offset via improved liquidity from recent financings, but valuation remains constrained by ongoing losses and no dividend support in the provided data.

To see Spark’s full report on EP stock, click here.

More about Empire Petroleum

Empire Petroleum Corporation operates in the energy sector as an oil and gas company focused on exploration, development and production activities. The company’s primary business centers on producing and selling hydrocarbons into U.S. energy markets, with its common stock listed on the NYSE American exchange and used as a key vehicle for raising growth capital.

Average Trading Volume: 79,199

Technical Sentiment Signal: Sell

Current Market Cap: $103.2M

For detailed information about EP stock, go to TipRanks’ Stock Analysis page.