Short answer
EMPIRE PETROLEUM CORP (EP) filed its Q2 2026 10-Q quarterly report on Aug 14, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $10M (up 8.6% year over year) with net income of −$2M.
Q2 2026 key financials · XBRL
- Revenue
- $10M
- +8.6% YoY · +86.3% QoQ
- Net income
- −$2M
- +63.3% YoY · +72.0% QoQ
- Operating margin
- -16.2%
- EPS (diluted)
- −$0.04
- +73.3% YoY · +77.8% QoQ
Source: XBRL data from the EMPIRE PETROLEUM CORP (EP) Q2 2026 10-Q on SEC EDGAR. USD.
EMPIRE PETROLEUM CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 product revenue $11.107M vs $8.747M YoY, driven by higher oil revenue
- Net loss $1.858M vs $5.056M YoY; operating loss $1.542M vs $4.903M
- Best line NGLs: revenue $614K vs $521K; realized price $21.08 vs $13.33 per barrel
- Worst line natural gas: revenue $(524)K vs $221K; realized price $(4.22) vs $0.93 per Mcf
- Cash $3.1M, credit availability $2.0M; six-month operating cash used $3.723M vs $1.525M
- Additional funding required; lower production, negative working capital $(16.349)M, and depressed New Mexico gas prices as headwinds
Risk Factors
- No risk factors provided; filing states “Not applicable”
- Unregistered equity issuance: 1,759,000 shares at $3.00 per share for a 25% working interest
- Securities-law compliance risk: issuance relied on Securities Act Section 4(a)(2) exemption
- No defaults upon senior securities reported
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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