2 insiders bought €375k of shares over the last 90 days, the latest by Mulacek Phil E, filed 19 Oct 2026.
Empire Petroleum Corp belongs to the Energy sector. Filings by its managers are published through SEC (Form 4). The last twelve months, up to 24 October 2026, brought 41 filings signed by 8 insiders.
Purchases and sales both appear in the filings: 20 purchases (3 insiders, €1.1M) and 3 sales (2 insiders, €628k). Netting one side against the other leaves €425k of net buying. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. One trade stands out by size: a purchase of €614k from Mulacek Phil E, disclosed on 7 November 2025. Those buying include 3 senior executives.
Across the 2,023 companies tracked on its exchange, the median is 41 filings; at 41 filings, this issuer sits right on that mark. Looking back to 2006, when coverage begins, insiders filed 98 purchases and 15 sales. The 10-K for the year ended 31 December 2025 shows 34.2 m USD of revenue and -72.1 m USD of net income.
In the case of 10 purchases, another manager of the company was buying within the same 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The latest purchase is recent: it was published 6 days ago, on 19 October 2026. Filings reach the SEC (Form 4) feed a median of 4 days after the trade. For comparison, the SEC allows two business days to file a Form 4.
For comparison within the same sector, see the insider buying recorded at Compagnie de l'Odet and E.ON SE. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
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Empire Petroleum Corp. is an independent oil and natural gas producer listed on the U.S. market, specifically NYSE American under the ticker EP, in the United States. For French-speaking investors in France, Belgium, or Switzerland, the company should be viewed as a small-cap onshore energy operator whose core thesis is not exploration-led growth, but the value uplift of mature producing assets. Empire was incorporated in 1985 in Delaware, and its more recent operating history accelerated after the acquisition of central Louisiana assets in 2018, followed by additional transactions in subsequent years. The company’s corporate headquarters are in Tulsa, Oklahoma, with a corporate office in The Woodlands, Texas, and field presence across several U.S. production regions.
Empire’s business model is centered on maximizing output from existing wells through low-cost field optimization, maintenance discipline, and selective operational enhancements. Management describes the company as a proved developed producing focused platform, meaning it prioritizes long-life assets with relatively low decline rates over high-risk drilling campaigns. Its operating footprint is concentrated in the United States, with producing assets in New Mexico, North Dakota and Montana, Louisiana, and Texas. The company highlights exposure to established onshore basins such as the Permian, Bakken, and central Gulf Coast regions. It operates as a single operating segment, which makes the story easy to follow but also leaves the business highly exposed to crude oil and natural gas pricing, lifting costs, and the operational performance of a relatively concentrated asset base.
From a competitive standpoint, Empire is not a large integrated oil company, nor does it compete at the scale of the dominant U.S. shale consolidators. Instead, it occupies a niche position as a value-oriented operator focused on extracting incremental returns from mature fields. That strategy can work well when commodity prices are supportive and field-level execution is strong, but it also implies higher financial and operational sensitivity than larger, more diversified peers. The investment case is therefore largely dependent on management’s ability to improve production efficiency, control costs, and selectively add assets that fit the existing portfolio.
Recent developments have been important. In March 2026, Empire announced the full subscription of its rights offering, followed by participation in a new Louisiana oil and gas development program. The company also released fourth-quarter and full-year 2025 results, then first-quarter 2026 results with an operational update. These disclosures suggest a continued focus on capital access, asset development, and portfolio optimization. For investors, Empire’s profile remains that of a U.S.-listed, mature-assets producer with a relatively narrow operating base and a strategy built around incremental operational improvement rather than transformational expansion.
Purchases our model currently ranks for the recommendations list.
All recommendationsInsider filings
Over the last 90 days, 12 filings published between 9 September and 19 October 2026: 10 open-market purchases by insiders for €375k, 2 sales for €13k. Largest amounts: Mulacek Phil E (Director), purchases of €363k; Watson Matthew E. (Chief Accounting Officer), sales of €13k; Matschke Mason H. (Director), purchases of €12k.
Summary written automatically from public filings, without human review. General information, identical for every reader: it is not investment advice or a recommendation to buy or sell. Investing involves a risk of capital loss. Generated on 20 October 2026 (UTC)
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 34.2 m USD | -72.1 m USD | -2.12 USD | 10-K |
| Dec 2024 | 43.6 m USD | -16.2 m USD | -0.54 USD | 10-K |
| Dec 2023 | 40.1 m USD | -12.5 m USD | -0.55 USD | 10-K |
| Dec 2022 | 52.9 m USD | 7.1 m USD | 0.30 USD | 10-K |
| Dec 2021 | 27.1 m USD | -18.6 m USD | -1.27 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.