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EMPR Empire Petroleum

Empire Petroleum Corporation, a Delaware corporation, was incorporated in the State of Utah in August 1983 under the name Chambers Energy Corporation and domesticated in Delaware in March 1985 under the name Americomm Corporation.  The name was changed to Americomm Resources Corporation in July 1995.  On May 29, 2001, Americomm Resources Corporation acquired Empire Petroleum Corporation, which became a wholly owned subsidiary of Americomm Resources Corporation.  On August 15, 2001, Americomm Resources Corporation and Empire Petroleum Corporation merged and the resulting entity’s name was changed to Empire Petroleum Corporation. Empire Petroleum Corporation has two wholly owned subsidiaries, Empire Louisiana LLC (“Empire Louisiana”) and Empire North Dakota LLC (“Empire North Dakota”). The consolidated financial statements of Empire Petroleum Corporation and subsidiaries (“Empire”, the “Company”, “we”) include the accounts of the Company and its wholly owned subsidiaries.

Company profile

Ticker
EMPR
Exchange
CEO
Tommy W. Pritchard
Employees
Incorporated
Location
Fiscal year end
Former names
AMERICOMM RESOURCES CORP, AMERICOMM CORP
SEC CIK
IRS number
731238709

EMPR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

17 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.91M 3.91M 3.91M 3.91M 3.91M 3.91M
Cash burn (monthly) (positive/no burn) (positive/no burn) 286.78K 1.59M 208.7K 139.18K
Cash used (since last report) n/a n/a 1.18M 6.5M 855.28K 570.37K
Cash remaining n/a n/a 2.74M -2.58M 3.06M 3.34M
Runway (months of cash) n/a n/a 9.6 -1.6 14.7 24.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jul 21 Puckett Land Common Stock Sell Dispose S No No 0.75 1,000,000 750K 4,000,000
18 Jun 21 Mulacek Phil E Common Stock Buy Aquire P No No 1.8779 1,000 1.88K 8,559,185
27 May 21 Morrisett Michael R. Common Stock Sell Dispose S No No 0.75 300,000 225K 1,693,128
27 May 21 Morrisett Michael R. Common Stock Aquire X No No 0.25 300,000 75K 1,993,128
27 May 21 Morrisett Michael R. Common Stock Warrant Common Stock Dispose X No No 0.25 300,000 75K 200,000
27 May 21 Pritchard Thomas W. Common Stock Sell Dispose S No No 0.75 300,000 225K 0
27 May 21 Pritchard Thomas W. Common Stock Aquire X No No 0.25 300,000 75K 300,000
27 May 21 Pritchard Thomas W. Common Stock Warrant Common Stock Dispose X No No 0.25 300,000 75K 200,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • The Company's primary business is the exploration and development of oil and natural gas interests. The Company has incurred significant losses from operations, and there is no assurance that it will achieve profitability or obtain the funds necessary to finance its operations. For all periods presented, the Company's effective tax rate is 0%. The Company has generated net operating losses since inception, which would normally reflect a tax benefit in the condensed consolidated statement of operations and a deferred asset on the condensed consolidated balance sheet. However, because of the current uncertainty as to the Company's ability to achieve profitability, a valuation reserve has been established that offsets the amount of any tax benefit available for each period presented in the condensed consolidated statements of operations.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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