Risk factors
Empire Petroleum (EP) risk factors
Item 1A of every Empire Petroleum Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors49 risks13 new4 dropped8 reworded
Severe liquidity constraints and a negative working capital of $16.2 million raise going concern doubts.
Filed Mar 13, 2026 - FY2024 10-K risk factors40 risks
Total indebtedness reached $11.3 million under a $19.8 million Credit Facility at year-end 2024. Four customers generated 78 percent of total oil, natural gas, and NGLs revenues. Proved reserves and operations are concentrated in New Mexico, North Dakota, Montana, Texas, and Louisiana. Energy Evolution and Phil Mulacek serve as the two largest stockholders providing crucial capital.
Filed Mar 27, 2025