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Empire Petroleum
(NYSE MKT:EP)
Empire Petroleum (EP) vs. SPDR S&P 500 ETF (SPY)
Empire Petroleum Business Overview & Revenue Model
Empire Petroleum Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.75M | 44.04M | 40.14M | 53.27M | 27.68M | 5.99M |
| Gross Profit | 9.18M | 3.47M | 5.38M | 23.80M | 9.79M | 2.52M |
| EBITDA | -5.08M | -4.89M | -8.08M | 10.02M | -7.37M | -12.27M |
| Net Income | -17.11M | -16.20M | -12.47M | 7.08M | -18.61M | -16.84M |
Balance Sheet | ||||||
| Total Assets | 124.66M | 123.87M | 92.62M | 71.55M | 50.09M | 11.25M |
| Cash, Cash Equivalents and Short-Term Investments | 2.29M | 2.25M | 7.79M | 11.94M | 3.61M | 157.69K |
| Total Debt | 15.50M | 11.88M | 6.68M | 8.00M | 9.44M | 9.65M |
| Total Liabilities | 70.15M | 61.10M | 57.66M | 48.31M | 39.26M | 29.69M |
| Stockholders Equity | 54.51M | 62.77M | 34.96M | 23.24M | 9.83M | -18.44M |
Cash Flow | ||||||
| Free Cash Flow | -20.75M | -47.71M | -26.88M | 4.61M | -16.74M | -2.24M |
| Operating Cash Flow | 2.53M | 6.16M | -9.89M | 18.06M | 3.17M | -1.72M |
| Investing Cash Flow | -26.57M | -53.87M | -14.77M | -11.41M | -24.72M | 856.29K |
| Financing Cash Flow | 17.08M | 42.17M | 20.50M | 1.69M | 25.00M | 1.02M |
Empire Petroleum Technical Analysis
Empire Petroleum Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $181.86M | 2.74 | 8.08% | ― | -13.66% | -4.85% | |
65 Neutral | $14.81B | 7.14 | 3.01% | 5.53% | 4.29% | -62.49% | |
64 Neutral | $124.63M | 24.20 | 5.18% | 4.34% | 45.90% | -2.29% | |
57 Neutral | $166.39M | 89.30 | -1.24% | 9.82% | 3.79% | -131.01% | |
53 Neutral | $152.96M | 10.40 | 3.66% | ― | -10.36% | -43.83% | |
52 Neutral | $156.29M | ― | -30.24% | ― | -10.49% | 17.74% | |
43 Neutral | $134.81M | 21.67 | -16.06% | ― | -5.53% | -216.84% |
Empire Petroleum Corporate Events
On August 21, 2025, Empire Petroleum announced the successful full subscription of its rights offering, which expired on August 20, 2025. The offering generated approximately $2.5 million in gross proceeds, with the potential for an additional $2.5 million from future warrant exercises. The company’s chairman, Phil E. Mulacek, fully subscribed to his rights and oversubscription privileges, highlighting strong insider confidence. This financial maneuver strengthens Empire’s position in the oil and gas sector, potentially enhancing its growth and acquisition strategies.
On August 19, 2025, Empire Petroleum Corporation announced the extension of the expiration date for its $5.0 million rights offering, which includes $2.5 million from the exercise of warrants. This extension, now set to expire on August 20, 2025, allows stockholders more time to finalize documentation and finances. The rights offering is part of Empire’s strategy to raise capital, and significant shareholder Phil E. Mulacek has expressed his intent to fully participate, indicating confidence in the company’s direction. This move could potentially strengthen Empire’s financial position and enhance its market operations.
On August 15, 2025, Empire Petroleum announced a unanimous and favorable ruling from the New Mexico Oil Conservation Commission regarding its rights to the Residual Oil Zone in the Eunice Monument South Unit in Lea County, New Mexico. This decision allows Empire to proceed with a CO2 enhanced oil recovery pilot project and denies several applications from Goodnight Midstream Permian, LLC, reinforcing Empire’s position in New Mexico and paving the way for sustained production and asset protection.
On July 25, 2025, Empire Petroleum Corporation announced the extension of its $5.0 million registered rights offering expiration date, with a revised subscription price of $0.07367 per unit. This adjustment aims to align more closely with the intended terms, impacting stockholders who must hold a specific number of shares to participate. The rights offering will expire on August 18, 2025, unless extended, potentially affecting stakeholders’ investment strategies and the company’s capital-raising efforts.
On July 24, 2025, Empire Petroleum announced the extension of the expiration date for its $5.0 million rights offering to July 30, 2025, allowing stockholders more time to consider participation. The offering includes $2.5 million from warrant exercises, and stockholders as of July 10, 2025, receive subscription rights to purchase units at $5.30 each, with options for over-subscription. Chairman Phil E. Mulacek plans to fully participate, indicating confidence in the offering.
On July 10, 2025, Empire Petroleum Corporation announced a $5.0 million registered rights offering, with $2.5 million expected from warrant exercises. The offering grants stockholders one non-transferable subscription right per share owned, allowing them to purchase units at $5.30 each, comprising shares and warrants. This move aims to strengthen the company’s financial position and potentially increase shareholder value, with the rights expiring on July 25, 2025.
Empire Petroleum Corporation announced a registered rights offering on June 30, 2025, with a record date set for July 10, 2025. The offering aims to raise up to $5.0 million, including $2.5 million from the exercise of warrants, by distributing subscription rights to existing common stockholders, allowing them to purchase additional shares and warrants.
On June 17, 2025, Empire Petroleum Corporation issued a Promissory Note for $4,000,000 to Phil E. Mulacek, with an initial advance of $2,000,000. The note matures on June 17, 2027, with an interest rate of 5.5% per annum, increasing to 9% after maturity. The company can request additional advances and has provisions for repayment upon equity sales.
On June 12, 2025, Empire Petroleum Corporation held its Annual Meeting of Stockholders, where 87.15% of outstanding shares were represented. Stockholders elected three directors, approved executive compensation, and ratified Grant Thornton LLP as the independent accounting firm for 2025.