Every material Form 8-K EMPIRE PETROLEUM CORP has filed with the SEC since June 22, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On September 10, 2026, Empire Petroleum Corporation issued a $3,250,000 promissory note to Petroleum Independent & Exploration, LLC, which has fully advanced the funds for general working capital. The note matures March 10, 2028 and carries 6% annual interest, and PIE may convert principal into common stock at $2.838 per share from November 9, 2026, which would issue 1,145,173 shares if fully converted. The filing adds debt and could dilute existing shareholders if converted, and it contains no revenue, profit or guidance figures.
$3,250,000 note issued September 10, 2026 to PIE; full amount advanced as of that date
6% annual interest, rising to 9% on any principal unpaid after the March 10, 2028 maturity; accrued interest payable in cash at maturity
Convertible at PIE's option from November 9, 2026 to maturity at $2.838 per share, for up to 1,145,173 shares
Prepayable without penalty on at least five business days' written notice; company will seek NYSE American approval for the underlying shares
Empire Petroleum reported second-quarter 2026 product revenue of $11.1 million, up from $8.7 million a year earlier, and a net loss of $1.9 million, or $0.05 per diluted share, compared with a $5.1 million loss, or $0.15 per share, in Q2 2025. The filing attributes the higher revenue mainly to higher realized oil pricing, partly offset by lower production, and the company gave qualitative operating updates without a numeric forecast.
Total product revenue was $11.1 million in Q2 2026, up from $8.7 million in Q2 2025 and $7.7 million in Q1 2026.
Net loss was $1.9 million, or $0.05 per diluted share, versus a $5.1 million loss, or $0.15 per share, in Q2 2025.
Adjusted EBITDA was $0.4 million, compared with negative $1.2 million in Q2 2025.
Cash on hand was $3.1 million at June 30, 2026; no shares had been sold under a $7.5 million at-the-market sales agreement with Roth Capital Partners.
At its June 17, 2026 annual meeting, Empire Petroleum stockholders approved a 2026 Stock and Incentive Compensation Plan reserving 1,200,000 shares, and no further awards will be made under the 2024 plan. Stockholders also elected three directors, approved executive pay on an advisory basis, and ratified Grant Thornton LLP as auditor for 2026.
2026 Plan reserves 1,200,000 shares of common stock; no further awards under the 2024 plan
Michael R. Morrisett received 20,291,265 votes for and 878,573 withheld; Vice Admiral Andrew L. Lewis (Ret.) and J. Kevin Vann were also elected
Advisory say-on-pay proposal passed with 20,676,312 votes for and 425,115 against
Holders of 30,408,848 shares (76.44% of outstanding) were present; Grant Thornton ratification received 30,104,778 votes for
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every EMPIRE PETROLEUM CORP filing is on SEC EDGAR ↗. 8-K briefs of other companies →