Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.
Company profile
Ticker
EP
Exchange
Website
CEO
Mr. Michael R. Morrisett
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AURORA CORP, EnerJex Resources, Inc., MILLENIUM PLASTICS CORP, MILLENNIUM PLASTICS CORP
SEC CIK
Corporate docs
Subsidiaries
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
Latest filings (excl ownership)
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
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
Entry into a Material Definitive Agreement
5 Aug 24
8-K
Departure of Directors or Certain Officers
18 Jun 24
8-K
Entry into a Material Definitive Agreement
31 May 24
8-K
Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results
16 May 24
10-Q
2024 Q1
Quarterly report
15 May 24
8-K
Departure of Directors or Certain Officers
13 May 24
Latest ownership filings
3
Matthew E. Watson
10 Sep 24
4
Phil E Mulacek
20 Aug 24
4
Change in insider ownership
14 Aug 24
SC 13D/A
Energy Evolution Master Fund, Ltd.
10 Jul 24
4
Change in insider ownership
2 Jul 24
4
Phil E Mulacek
1 Jul 24
SC 13D/A
Mulacek Phil E
28 Jun 24
4/A
Phil E Mulacek
20 Jun 24
4
Change in insider ownership
4 Jun 24
4
Benjamin J. Marchive II
31 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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) | 9.26 mm | 9.26 mm | 9.26 mm | 9.26 mm | 9.26 mm | 9.26 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.46 mm | 1.37 mm | 600.37 k | (no burn) |
Cash used (since last report) | n/a | n/a | 4.21 mm | 3.95 mm | 1.73 mm | n/a |
Cash remaining | n/a | n/a | 5.05 mm | 5.31 mm | 7.53 mm | n/a |
Runway (months of cash) | n/a | n/a | 3.4 | 3.9 | 12.5 | n/a |
Institutional ownership, Q2 2024
45.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 38 |
Opened positions | 36 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 16.93 bn |
Total shares | 14.20 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Energy Evolution Master Fund | 9.93 mm | $85.16 mm |
Puckett Land | 1.00 mm | $22.90 mm |
BLK BlackRock | 857.54 k | $4.42 bn |
Vanguard | 719.75 k | $3.71 bn |
Mariner | 529.33 k | $2.73 bn |
Geode Capital Management | 392.36 k | $2.02 bn |
STT State Street | 181.16 k | $934.78 mm |
NTRS Northern Trust | 130.08 k | $671.20 mm |
Wiley Bros.-aintree Capital | 110.86 k | $572.02 mm |
BK The Bank of New York Mellon Corporation | 44.99 k | $232.16 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 24 | Mulacek Phil E | Common Stock | Grant | Acquire A | Yes | No | 5.16 | 205,427 | 1.06 mm | 740,363 |
8 Aug 24 | Energy Evolution Master Fund | Common Stock | Other | Acquire J | No | No | 0 | 16,800 | 0.00 | 9,942,615 |
28 Jun 24 | Energy Evolution Master Fund | Common Stock | Acquire X | No | No | 5 | 128,800 | 644.00 k | 9,925,815 | |
28 Jun 24 | Energy Evolution Master Fund | Common Stock Warrant Common Stock | Dispose X | No | No | 5 | 128,800 | 644.00 k | 0 | |
28 Jun 24 | Mulacek Phil E | Common Stock | Buy | Acquire P | Yes | No | 5.62 | 600 | 3.37 k | 534,936 |
28 Jun 24 | Mulacek Phil E | Common Stock | Buy | Acquire P | No | No | 5.39 | 4,648 | 25.05 k | 4,705,120 |
25 Jun 24 | Mulacek Phil E | Common Stock | Buy | Acquire P | No | No | 5.29 | 33,295 | 176.13 k | 4,700,472 |