Empire Petroleum Corporation (NYSE American: EP) has released its financial results for the fourth quarter and full year 2025, revealing a net loss of $72.1 million, or $2.12 per diluted share, compared to a net loss of $16.2 million, or $0.54 per diluted share in 2024. The company reported total product revenue of $34.2 million for 2025, a decrease from $44.0 million in 2024, primarily due to lower average oil and natural gas liquids (NGLs) realized pricing and reduced oil production. The company’s net equivalent sales for Q4-2025 were 2,161 barrels of oil equivalent per day (Boe/d), down 10% from Q3-2025. The decrease in production was attributed to redrilling efforts in North Dakota and natural declines in production, alongside weather-related disruptions in New Mexico. Empire's year-end 2025 proved reserves were reported at 7.6 million barrels of oil equivalent (MMBoe), down from 9.2 MMBoe at year-end 2024. The company is currently focused on a multi-phase development program in Texas, aiming to reactivate and work over multiple wells to enhance production capacity. Despite the challenges faced in 2025, Empire is optimistic about the natural gas market's recovery and is implementing a disciplined hedging strategy to secure better pricing for its oil production in 2026. The company is also pursuing additional capital through a rights offering to improve liquidity and support its operational initiatives.

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