Empire Petroleum Corp.
- EP ยท NYSE
- Crude Petroleum & Natural Gas
- Tulsa, OK
- 61 employees
- CIK 0000887396
Updated from SEC filings through
Top things to know
Executives
- Michael R. Morrisett President and Chief Executive Officer (Principal Financial Officer) 10-Q, 2026-08-14
- Matthew E. Watson Chief Accounting Officer 4, 2026-09-09
Empire Petroleum Corp is a U.S. public company in crude petroleum & natural gas (SIC 1311), headquartered in Tulsa, OK. It trades as EP on NYSE. Revenue was $34.2M in the fiscal year ending December 31, 2025, -21.6% from the year before. It reported about 61 employees. Michael R. Morrisett is President and Chief Executive Officer (Principal Financial Officer).
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $34.2M 10-K, 2026-03-13 | $43.6M 10-K, 2026-03-13 | $40.1M 10-K, 2025-03-27 | $52.9M 10-K, 2024-03-28 | $27.1M 10-K, 2023-03-31 |
| Operating income | -$71.3M 10-K, 2026-03-13 | -$13.7M 10-K, 2026-03-13 | -$11.6M 10-K, 2025-03-27 | $8.8M 10-K, 2024-03-28 | -$473K 10-K, 2023-03-31 |
| SG&A | $13.4M 10-K, 2026-03-13 | $14.7M 10-K, 2026-03-13 | $15.2M 10-K, 2025-03-27 | $12.3M 10-K, 2024-03-28 | $8.5M 10-K, 2023-03-31 |
| Net income | -$72.1M 10-K, 2026-03-13 | -$16.2M 10-K, 2026-03-13 | -$12.5M 10-K, 2025-03-27 | $7.1M 10-K, 2024-03-28 | -$18.6M 10-K, 2023-03-31 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Michael R. Morrisett President and Chief Executive Officer at Empire Petroleum Corporation | President and Chief Executive Officer (Principal Financial Officer) | 10-Q, 2026-08-14 |
| Matthew E. Watson | Chief Accounting Officer | 4, 2026-09-09 |
| Phil E. Mulacek | Director and Chairman of the Board | 10-K, 2026-03-13 |
| Andrew L. Lewis | Director | 10-K, 2026-03-13 |
| Benjamin J. Marchive II | Director | 10-K, 2026-03-13 |
| J. Kevin Vann | Director | 10-K, 2026-03-13 |
| Mason H. Matschke | Director | 10-K, 2026-03-13 |
What Empire Petroleum Corp does
Empire Petroleum Corporation is an independent energy company that engages in unlocking value in developed assets.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 41.6 million (as of August 11, 2026) | 10-Q, August 14, 2026 |
|---|---|---|
| Public float | $76.9M (as of June 30, 2025) | 10-K, March 13, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 14, 2026 |
| Latest proxy statement | Meeting June 17, 2026 (filed April 30, 2026) | DEF 14A, April 30, 2026 |
| Auditor | Grant Thornton LLP (Tulsa, Oklahoma) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| October 15, 2026 | Phil E. Mulacek Director | Buy | 97,981 | $313K | Form 4, October 19, 2026 |
| October 8, 2026 | Phil E. Mulacek Director | Buy | 25,127 | $68K | Form 4, October 13, 2026 |
| September 30, 2026 | Phil E. Mulacek Director | Buy | 11,915 | $27K | Form 4, October 5, 2026 |
| September 11, 2026 | Mason H. Matschke Director | Buy | 5,777 | $14K | Form 4, September 15, 2026 |
| September 8, 2026 | Matthew E. Watson Chief Accounting Officer | Sale | 5,000 | $16K | Form 4, September 9, 2026 |
| May 29, 2026 | Mason H. Matschke Director | Buy | 7,777 | $20K | Form 4, June 2, 2026 |
| January 2, 2026 | Phil E. Mulacek Director | Buy | 6,800 | $20K | Form 4, January 5, 2026 |
| December 30, 2025 | Phil E. Mulacek Director | Buy | 5,451 | $16K | Form 4, December 31, 2025 |
Recent 8-K events
- 8-K filed 2026-09-16
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-08-17
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-22
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-15
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-01
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-03-19
- Item 8.01 Other events
- 8-K filed 2026-03-18
- Item 8.01 Other events
- 8-K filed 2026-03-16
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-25
- Item 8.01 Other events
- 8-K filed 2026-02-23
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
Frequently asked questions about Empire Petroleum Corp
- What does Empire Petroleum Corp do?
- In its own words, from Item 1 of its 10-K: "Empire Petroleum Corporation is an independent energy company that engages in unlocking value in developed assets."
- What is Empire Petroleum Corp's revenue?
- $34.2M for the fiscal year ending December 31, 2025, from its 10-K filed March 13, 2026.
- Is Empire Petroleum Corp profitable?
- Empire Petroleum Corp reported net income of -$72.1M for the fiscal year ending December 31, 2025.
- How many employees does Empire Petroleum Corp have?
- About 61 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Empire Petroleum Corp?
- Michael R. Morrisett, President and Chief Executive Officer (Principal Financial Officer), as named in a 10-Q filed August 14, 2026.
- Where is Empire Petroleum Corp headquartered?
- Tulsa, OK.
- What is Empire Petroleum Corp's stock ticker?
- EP on NYSE.
- What industry is Empire Petroleum Corp in?
- Crude Petroleum & Natural Gas, SIC code 1311.
- What is Empire Petroleum Corp's website?
- empirepetroleumcorp.com.
- When does Empire Petroleum Corp report earnings next?
- November 16, 2026. Source: pg_future_events.
- Is Empire Petroleum Corp a public company?
- Yes. Empire Petroleum Corp files with the SEC under CIK 0000887396 and trades as EP.
- Who audits Empire Petroleum Corp?
- Grant Thornton LLP, Tulsa, Oklahoma, as named in its latest annual report (10-K).
- How many shares of Empire Petroleum Corp are outstanding?
- 41.6 million shares as of August 11, 2026, from its 10-Q filed August 14, 2026.
- What is Empire Petroleum Corp's public float?
- $76.9M as of June 30, 2025, as reported on the cover of its 10-K filed March 13, 2026.
- How many business segments does Empire Petroleum Corp report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 14, 2026.
- When is Empire Petroleum Corp's annual shareholder meeting?
- June 17, 2026, per its proxy statement (DEF 14A) filed April 30, 2026.
- Have Empire Petroleum Corp insiders traded stock recently?
- Since September 4, 2025, officers and directors reported 4 open-market sales worth about $744K and 14 purchases worth about $1.5M on Forms 4 and 5. The most recent: Phil E. Mulacek (Director) bought 97,981 shares on October 15, 2026.