Short answer
EMPIRE PETROLEUM CORP (EP) filed its Q1 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5M (down 43.3% year over year) with net income of −$7M.
Q1 2026 key financials · XBRL
- Revenue
- $5M
- −43.3% YoY
- Net income
- −$7M
- −57.4% YoY
- Operating margin
- -109.4%
- EPS (diluted)
- −$0.18
- −50.0% YoY
Source: XBRL data from the EMPIRE PETROLEUM CORP (EP) Q1 2026 10-Q on SEC EDGAR. USD.
EMPIRE PETROLEUM CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Product revenue $7.684M, down 15% YoY from $8.992M
- Operating loss $5.581M vs $3.956M; net loss $6.642M vs $4.221M
- Worst product line gas: sales $185K, down 66% YoY; realized price $0.79 vs $2.74 per Mcf
- Operating cash flow used $970K vs $1.613M provided YoY
- Cash $8.8M; rights offering net proceeds $9.9M; additional funding required over next 12 months
Risk Factors
- Risk Factors section marked “Not applicable,” with no new or changed risks disclosed
- $3.0 million promissory note due May 19, 2026
- May 1, 2026 sales agreement with Roth Capital Partners, LLC
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other EMPIRE PETROLEUM CORP quarterly reports
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