EMPIRE PETROLEUM CORP
EPNYSEEnergy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $34.2M | $44.0M | $40.1M | $53.2M | $27.5M | $7.7M |
| Operating income | −$71.3M | −$13.7M | −$11.6M | $8.8M | −$473,370 | −$17.6M |
| Net income | −$72.1M | −$16.2M | −$12.5M | $7.1M | −$18.6M | −$16.8M |
| Total assets | $65.9M | $123.9M | $92.6M | $71.5M | $50.1M | $11.2M |
| Total liabilities | $70.5M | $61.1M | $57.7M | $48.3M | $40.3M | $29.7M |
| Equity | −$4.6M | $62.8M | $35.0M | $23.2M | $9.8M | −$18.4M |
| EPS (diluted) | $-2.12 | $-0.54 | $-0.55 | $0.30 | $-1.27 | — |
| Shares out. | 33.7M | 25.6M | 22.4M | 19.9M | 48.5M | 21.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −208.5%
- Net margin
- −210.7%
- Return on equity
- 1564.8%
- Return on assets
- −109.4%
- Return on capital (ROCE)
- −171.7%
- Liabilities / assets
- 107.0%
- Debt / equity
- —
- Book value / share
- $-0.14
- Revenue growth (YoY)
- −22.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -16.52distress
- Accruals / assets
- −103.4%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 17, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2006
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2005
- NT 10-Qmissed a reporting deadline ↗May 15, 2003
- NT 10-Kmissed a reporting deadline ↗Mar 27, 2003
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2002
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Morrisett Michael R.Activist (13D)Nov 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.4M | 32.2 | -8.8% |
| Apr 30, 2026 | 1.5M | 17.0 | -3.1% |
| Apr 15, 2026 | 1.6M | 20.3 | +0.3% |
| Mar 31, 2026 | 1.6M | 16.7 | +4.0% |
| Mar 13, 2026 | 1.5M | 13.0 | +4.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 15, 2026
- Entered a material agreementMay 1, 2026
- Other material eventMar 19, 2026
- Other material eventMar 18, 2026
- Results of operationsMar 16, 2026
- Other material eventFeb 25, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleFeb 23, 2026
- Other material eventFeb 2, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8K DATED MAY 15, 2026May 15, 2026
- 10-QMay 14, 2026
- 8-KFORM 8K DATED MAY 1, 2026May 1, 2026
- 424B5PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED 9-22-23May 1, 2026
- ARSEMPIRE PETROLEUM CORP - 2025 ANNUAL REPORTApr 30, 2026
- DEF 14AEMPIRE PETROLEUM CORPORATION - DEFINITIVE PROXY STATEMENTApr 30, 2026
- 5FORM 5 - PHIL MULACEKApr 28, 2026
- 4FORM 4 - PHIL MULACEKApr 28, 2026
- 4FORM 4 - ENERGY EVOLUTION MASTER FUNDApr 2, 2026
- 4MASON MATSCHKEApr 2, 2026
- 8-KFORM 8K DATED MARCH 19, 2026Mar 19, 2026
- 8-KFORM 8K DATED MARCH 18, 2026Mar 18, 2026
- 8-KFORM 8K DATED MARCH 16, 2026Mar 16, 2026
- 10-KMar 13, 2026
- 4FORM 4 - PHIL MULACEKMar 12, 2026
Event-driven situations (1)
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