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Companies / Energy / EMPIRE PETROLEUM CORP
EP

EMPIRE PETROLEUM CORP

EnergyOil & Gas Extraction
Ticker EPTULSA, OKFiscal year ends DecemberBook value per share $0.19Diluted shares 38.7M

Empire Petroleum Corporation (NYSE American: EMP) operates as an independent energy company focused on unlocking value in developed oil and natural gas assets across the United States. The company's website is www.empirepetroleumcorp.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$34.20M
−21.6% year over year
Last 12 mo $31.06M
-208.51%
−177.2 percentage points
Last 12 mo -224.05%
$-72.07M
−345.0% year over year
Last 12 mo $-71.30M
451.26%
+477.1 percentage points
Last 12 mo -974.54%
Cash & financing
$-3.95M
−164.1% year over year
Last 12 mo $-6.14M
$-8.75M
+81.4% year over year
Last 12 mo $-11.45M
-3.55
Was 0.19× a year earlier
Last 12 mo 2.07
34.1M
+13.3% year over year
Last 12 mo 38.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What EMPIRE PETROLEUM CORP does

In the company’s own words

Empire Petroleum Corporation (NYSE American: EMP) operates as an independent energy company focused on unlocking value in developed oil and natural gas assets across the United States. The company's website is www.empirepetroleumcorp.com.

Empire operates through four wholly-owned subsidiaries: Empire New Mexico LLC, Empire North Dakota LLC, Empire Texas LLC, and Empire Louisiana LLC. The company functions as a single operating segment engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids.

The company's primary business strategy centers on cost-effectively optimizing well production, reducing unit operating costs, and targeting proved developed producing acquisitions in predictable fields with historically low production decline and long reserve lives. Empire's portfolio consists of approximately 1,077 gross wells (753 net wells) across its operating regions.

Empire New Mexico represents the company's largest asset base with approximately 709 gross wells on 48,000 gross acres in Lea County, primarily producing oil from the Grayburg and San Andres formations. Empire North Dakota operates approximately 243 gross wells on 24,200 gross acres, with recent focus on enhanced oil recovery development in the Starbuck Field. Empire Texas holds concentrated acreage in the East Texas Basin with 118 gross wells on 43,000 gross acres, while Empire Louisiana operates seven gross wells in the Gulf Coast region.

During 2025, the company produced 524,646 barrels of oil, 860,599 thousand cubic feet of natural gas, and 150,224 barrels of natural gas liquids, representing total production of 818,303 barrels of oil equivalent. The company employs 61 full-time employees and maintains corporate headquarters in Tulsa, Oklahoma, with field offices in North Dakota, Texas, and New Mexico.

Empire's proved developed reserves totaled 7,625 million barrels of oil equivalent at December 31, 2025. The company markets its production to third-party purchasers through standard energy industry practices, with oil sold via truck transport or pipeline and natural gas and NGLs sold primarily at lease locations using market-based pricing.

Company details
Sector
Energy
Industry
Oil & Gas Extraction
Headquarters
TULSA, OK
Fiscal year end
December
CIK
887396
SIC
1311

Financial performance, year by year

Fiscal 2013–2025 · USD
$-84.57M$-47.08M$-9.59M$27.89M$65.38M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns EMPIRE PETROLEUM CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

37
funds hold it
0 of 35
superinvestors hold it
$3.51M
held by funds, at market
3.2%
of shares held by funds

Largest fund holders · EMPIRE PETROLEUM CORP’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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