Empire Petroleum Corporation (EP) reported second-quarter 2026 total revenue of $9.5 million and a net loss of $1.9 million, or $0.05 per basic and diluted share. Total product revenue was $11.1 million, compared with $8.7 million in the prior-year quarter.
The company reported net equivalent sales volumes of 1,825 barrels of oil equivalent per day, down 23% from 2,357 Boe/d in Q2 2025. Empire said it brought five wells online during the quarter through reactivations, recompletions and well-deepening activities.
- Q2 product revenue increased 27% year over year to $11.1 million.
- Net loss narrowed from $5.1 million, or $0.15 per diluted share, in Q2 2025.
- Adjusted EBITDA was $0.4 million, versus a loss of $1.2 million a year earlier.
- Cash on hand totaled approximately $3.1 million as of June 30, 2026, with approximately $2.0 million available on its credit facility.
- Empire expects Louisiana program completions in Q4 2026 and expects to generate revenue from that program during the remainder of 2026.
$EP Hedge Fund Activity
We have seen 19 institutional investors add shares of $EP stock to their portfolio, and 32 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 695,599 shares (-76.7%) from their portfolio in Q2 2026, for an estimated $1,864,205
- GEODE CAPITAL MANAGEMENT, LLC removed 189,933 shares (-44.4%) from their portfolio in Q2 2026, for an estimated $509,020
- STATE STREET CORP removed 159,120 shares (-74.7%) from their portfolio in Q2 2026, for an estimated $426,441
- MILLENNIUM MANAGEMENT LLC added 155,999 shares (+inf%) to their portfolio in Q2 2026, for an estimated $418,077
- JANE STREET GROUP, LLC added 88,768 shares (+inf%) to their portfolio in Q2 2026, for an estimated $237,898
- NORTHERN TRUST CORP removed 82,939 shares (-62.9%) from their portfolio in Q2 2026, for an estimated $222,276
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 64,693 shares (+inf%) to their portfolio in Q2 2026, for an estimated $173,377
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
