Empire Petroleum (EP)
Produces oil, natural gas and natural-gas liquids from mature U.S. onshore wells.
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Produces and sells crude oil, natural gas and natural-gas liquids from mature U.S. onshore properties, pursuing value through acquisitions and field optimization. The portfolio depends on market-linked commodity prices, external capital and third-party infrastructure.
Operates U.S. onshore developed oil and natural-gas properties, acquiring producing wells and seeking to improve output through field management, workovers, recompletions and selective drilling. Production comes from New Mexico, North Dakota, western Montana, Texas and Louisiana and is sold as crude oil, natural gas and natural-gas liquids to third-party purchasers.
Builds around low-decline, long-life properties, with oil providing most product revenue. It does not transport, refine or process production; oil is sold at lease locations under market-based contracts.
Depends on external capital, third-party infrastructure, contractors and a concentrated customer base. Six Series A voting preferred shares give their holders the right to elect half of the board.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.1M · Total debt $16.0M · Total assets $81.1M · Shareholders' equity $7.3M
- Revenue
- $11.1M
- Operating income
- $70.0K
- Net income
- −$1.9M
No dividends on record.
| Institutions46 holders · as of Mar 31, 2026 | 7.65% | 3.18M shares | |
| Strategic holders1 holder · as of Jul 7, 2026 | 29.37% | 12.21M shares | |
| Otherremainder | 62.98% | 26.19M shares |
41.58M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Energy Evolution Master Fund, Ltd.Strategic | 29.37% | 12.21M | 13Dfiled Jul 7, 2026 ↗ |
BlackRock, Inc.Institution | 2.18% | 907,429 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 1.38% | 575,257 | 13Fas of Mar 31, 2026 |
Geode Capital Management, LLCInstitution | 1.03% | 428,222 | 13Fas of Mar 31, 2026 |
State Street CorpInstitution | 0.51% | 212,892 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Ring Energy
Conventional Permian oil assets and acquisition targets overlap.
- Riley Exploration Permian
Direct overlap in conventional Permian oil and New Mexico expansion.
- Matador Resources
Scale competitor for southeast New Mexico oil assets and inputs.
- Permian Resources
Large Delaware Basin acquirer in the same New Mexico oil market.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Empire Petroleum | $3.10 | +0.98% | $121.8M | — | — | 3.5 | +27.0% |
| Ring Energy | $1.53 | +2.00% | $390.8M | — | 7.4 | 1.2 | +26.7% |
| Riley Exploration Permian | $41.03 | −0.32% | $894.3M | 7.5 | 5.5 | 1.8 | +94.2% |
| Matador Resources | $60.31 | +1.25% | $7.40B | 10.2 | 7.8 | 1.9 | +28.2% |
| Permian Resources | $23.84 | +0.06% | $19.94B | 15.7 | 10.7 | 3.5 | +55.2% |
| Median | 10.2 | 7.6 | 1.9 | +41.7% |