Empire Petroleum Corporation (EP)

Over the past six months, Empire Petroleum Corp.'s stock price has been impacted by several events, including the announcement of a rights offering to raise up to $6 million and the extension of its $20 million credit facility with Equity Bank through December 2028. Insider trading activity occurred, with director Phil E. Mulacek purchasing shares. The company reported its third-quarter 2025 operational and financial results, indicating advancements in development and strategic positioning for 2026 growth. Despite these activities, the stock has underperformed the broader US Oil and Gas industry and the overall US Market over the past year.

The provided information does not explicitly detail the specific demand seasonality for Empire Petroleum Corp.'s products and services. One source mentions "EP Seasonality" in the context of monthly stock returns but does not elaborate on the seasonality of product demand.

Empire Petroleum Corp. (EP) is a U.S. onshore-focused conventional oil and natural gas producer that engages in the exploration, development, optimization, and production of oil and natural gas. The company emphasizes economical well rehabilitation, stimulation, field maintenance, and management to generate cash flows, operating within the Energy sector and the Oil & Gas Exploration & Production (E&P) industry. Its primary products include oil, with natural gas and natural gas liquids (NGLs) produced as accompanying byproducts.

Empire Petroleum's operations are concentrated in the U.S. onshore, specifically across the Permian Basin, Bakken region, and the central Gulf Coast region. The company holds producing assets in the states of New Mexico, North Dakota, Montana, Louisiana, and Texas, with production from wells in specific counties and parishes within these states. Empire Petroleum maintains significant acreage, including approximately 48,000 gross acres in the Permian Central Basin Platform, 20,000 acres in the North Dakota/Montana Williston Basin, and 30,000 acres in the East Texas basin, which encompasses Woodbine, Eagle Ford, and Buda-Rose plays.

Empire Petroleum's brand reputation has faced challenges, with an August 2025 analysis rating the company as a "Strong Sell" due to its heavy reliance on oil prices, lack of diversification, and a history of losses outside of periods with high oil prices. The company announced a "unanimous victory to advance CO2 development and protect EMSU assets," which could contribute positively to its operational reputation. The reporting of Q3 2025 results, which included advancements in development and strategic positioning for 2026 growth, could also be viewed favorably.

Empire Petroleum's stock ownership is distributed among institutional investors, insiders, and public companies/individual investors. Institutional investors hold approximately 7.09% of the company's stock, with major shareholders including BlackRock, Inc. and Vanguard Group Inc. Insiders hold a significant portion, owning approximately 59.18% of the company's stock. Public companies and individual investors collectively own about 33.73% of the stock. Phil E. Mulacek, the Independent Chairman of the Board, is a notable individual owner.