Empire Petroleum Q2 FY26 net loss narrows to $1.86 million; revenue rises to $11.11 million
Reuters2026/08/14 20:24- Empire Petroleum posted a GAAP net loss of USD 1.86 million for the quarter ended June 30, 2026, narrowing from USD 5.06 million.
- Total product revenues rose 26.98% to USD 11.11 million, driven by higher realized oil pricing despite lower volumes.
- Operating loss narrowed to USD 1.54 million from USD 4.9 million, while derivative losses totaled USD 1.61 million.
- Net production fell 22.55% to 166,118 Boe, with oil volumes down to 116,316 barrels.
- Liquidity included about USD 3.1 million cash and USD 2 million available under its credit facility, with borrowing capacity declining monthly.
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