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EMPIRE PETROLEUM CORP

CIK:0000887396|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Loss on Derivatives	$ (1,612)		$ (4,203)
Total Revenue	9,505	$ 8,754	14,608	$ 17,756
Costs and Expenses:
Lease Operating Expense	5,037	6,387	10,197	12,153
Production and Ad Valorem Taxes	938	768	1,445	1,480
Depreciation, Depletion & Amortization	1,444	2,576	2,861	4,802
Accretion of Asset Retirement Obligations	542	534	1,077	1,060
General and Administrative:
General and Administrative	2,878	2,906	5,754	6,103
Stock-Based Compensation	208	486	397	1,017
Total General and Administrative	3,086	3,392	6,151	7,120
Total Cost and Expenses	11,047	13,657	21,731	26,615
Operating Loss	(1,542)	(4,903)	(7,123)	(8,859)
Other Income and (Expense):
Interest Expense	(329)	(334)	(809)	(630)
Loss on Extinguishment of Debt (Note 8)			(659)
Other Income (Expense)	13	181	91	212
Loss Before Taxes	(1,858)	(5,056)	(8,500)	(9,277)
Net Loss	$ (1,858)	$ (5,056)	$ (8,500)	$ (9,277)
Net Loss per Common Share:
Basic (in dollars per share)	$ (0.05)	$ (0.15)	$ (0.22)	$ (0.27)
Diluted (in dollars per share)	$ (0.05)	$ (0.15)	$ (0.22)	$ (0.27)
Weighted-Average Number of Common Shares Outstanding:
Basic (in shares)	41,274,853	33,853,310	38,653,838	33,837,377
Diluted (in shares)	41,274,853	33,853,310	38,653,838	33,837,377
Total Product Revenues
Revenue:
Total Product Revenues	$ 11,107	$ 8,747	$ 18,791	$ 17,739
Oil Sales
Revenue:
Total Product Revenues	11,017	8,005	18,319	16,054
Gas Sales
Revenue:
Total Product Revenues	(524)	221	(339)	769
Natural Gas Liquids Sales
Revenue:
Total Product Revenues	614	521	811	916
Other
Revenue:
Total Product Revenues	$ 10	$ 7	$ 20	$ 17