EP EMPIRE PETROLEUM CORP Insider Trading

Director Mason H. Matschke buys 7,777 shares of EMPIRE PETROLEUM (EP) at $2.54; stock down -58.3% from 52-week high amid -21.6% revenue decline and $-6.6M net loss.

Mason H. Matschke purchased 7,777 shares at $2.54 on 2026-05-29, bringing his holdings to 426,525 shares. The transaction occurs while Empire Petroleum is under significant pressure: the company reported $-6.6M net income over its most recent full fiscal year and faces -21.6% annual revenue decline, with the latest quarter posting $5,103,000.00 in revenue. The stock is trading 58.3% below its 52-week high of $6.31 and down 22.6% over the past 90 days. This open-market purchase by a director in a capital-intensive, unprofitable company with deteriorating financials represents a material commitment to a distressed equity position.

Director Mulacek bought 6,800 shares across 3 transactions totaling $20,363.40 at blended avg $2.99, stock now $2.93 (-62.3% from 52-week high)

Phil E Mulacek, Director of Empire Petroleum, executed 3 separate purchases totaling 6,800 shares for $20,363.40 between 2025-12-31 and 2026-01-02 at prices averaging $2.99. His post-transaction holdings of 6,173,732 shares represent a +0.1% increase. The company is currently unprofitable with net income of $-3,844,000.00 against revenue of $9,388,000.00, and the stock trades at $2.93, down 27.5% over 90 days and -62.3% from its 52-week high of $7.78. Mulacek's cross-ticker track record shows mixed results (20 prior buys, 50.00% 90-day win rate, average 90d return -1.1%), and his recent same-ticker activity at EP spans five purchases in late November and December with measurable outcomes limited to one modest 30-day gain of +1.4% and two flat-to-negative 30-day periods. The rapid-fire sequence of purchases into a steep downtrend at an unprofitable company warrants close observation of the underlying rationale.

Director Phil E Mulacek bought 5,451 shares at $3.00 over 2 days (Dec 29–30); post-transaction holdings 6,166,932 shares; company unprofitable ($-3.8M net income), stock down 60.9% from 52-week high.

Director Mulacek purchased 5,451 shares totaling $16,353.00 across two separate transactions on 2025-12-29 and 2025-12-30, increasing his holdings to 6,166,932 shares (+0.1%). The purchases occurred at $3.00 per share, while the current price stands at $3.04, within the 52-week range of $2.86–$7.78; the stock is currently 60.9% below its 52-week high and down 25.3% over the past 90 days. EMPIRE PETROLEUM CORP remains unprofitable with a net income of $-3.8M in its most recent full fiscal year, despite posting quarterly revenue of $9.4M and annual revenue growth of +8.9%. Prior trades at this ticker show two recent buys on 2025-12-31 (outcomes not yet measurable) and mixed near-term performance on earlier December purchases, with no established pattern of well-timed buying at the 90-day mark.

Director Mulacek Phil E buys 7,223 shares of EP at $3.00 on 2025-12-02; stock down 59.6% from 52-week high.

Mulacek Phil E, a director, purchased 7,223 shares at $3.00 on 2025-12-02, increasing his holdings from 6,154,258 to 6,161,481 shares. The purchase occurred as Empire Petroleum trades at $3.14, down 59.6% from its 52-week high of $7.78 and down 36.7% over the past 90 days. Notably, this marks his fourth buy within the past six weeks—following purchases on 2025-11-28, 2025-11-26, and earlier dates—yet his prior three measurable same-ticker buys at EP (from 2025-10-22, 2025-10-20, and 2025-11-05) have underperformed, recording 30-day returns of -13.1%, -15.2%, and -16.7% respectively. The company remains unprofitable with a net loss of $3,844,000.00 against quarterly revenue of $9,388,000.00, and while annual revenue grew 8.9%, the operational losses and sustained stock decline despite multiple insider purchases suggest deteriorating market confidence that recent insider accumulation has not reversed.

Director Phil E Mulacek buys 3,059 shares at $3.00 across 2 purchases; EP unprofitable, stock down 60.9% from 52-week high.

Phil E Mulacek, a director at Empire Petroleum Corp, made 2 separate purchases totaling 3,059 shares for $9,177.00 on November 26 and November 28, 2025, at a blended average price of $3.00. The purchases occur in the context of significant headwinds: the company reported a net loss of $3,844,000.00 in its latest quarter and was unprofitable over its most recent full fiscal year, while the stock trades at $3.04, down 60.9% from its 52-week high of $7.78. At the same ticker, Mulacek's prior 5 open-market purchases (September 16–November 5, 2025) all produced negative returns within 30 days, ranging from -10.7% to -15.2%, with none yet measurable at the 90-day mark. The cross-ticker track record shows an 81.82% 90-day win rate and +17.4% average 90-day return, but this pattern has not transferred to Empire Petroleum trades to date. The addition of 3,059 shares represents only +0.0% growth versus the director's pre-transaction holdings of 6.15M shares.

Director Benjamin Marchive buys 2,000 shares of Empire Petroleum at $3.14; stock down -61.0% from 52-week high, insider's prior trades at EP were underwater.

Director Benjamin J. Marchive II purchased 2,000 shares on 2025-11-18 at $3.14, increasing his holdings to 63,000 shares. The current price of $3.03 is -61.0% below the 52-week high of $7.78, and the stock has declined -18.6% over 30 days and -36.3% over 90 days. At Empire Petroleum, Marchive's prior purchase on 2024-05-29 showed a 90-day return of -35.7%, and his prior buy on 2023-12-29 posted a 90-day return of -53.4%, establishing a pattern where 0 of 2 prior buys at this ticker were well-timed. Fundamentally, the company reported a net loss of $-3.8M on quarterly revenue of $9.4M and was unprofitable over its most recent full fiscal year, creating material headwinds that may explain the sustained price decline and the insider's repeated accumulation against a deteriorating backdrop.

Director Mulacek buys 187,084 shares of EMPIRE PETROLEUM at $3.77; stock down 59.4% from 52-week high, company unprofitable.

Director Phil E Mulacek purchased 187,084 shares at $3.77 on 2025-11-05, increasing his holdings to 6.15M shares. The purchase occurred as EP trades at $3.16, down 59.4% from its 52-week high of $7.78 and down 23.7% over the past 30 days. The company is unprofitable, reporting net income of $-5.1M against quarterly revenue of $8.8M, creating a financially stressed backdrop. Notably, Mulacek's five most recent open-market purchases at EP (from September 15 through October 22) have produced negative 30-day returns ranging from -1.7% to -12.7%, contrasting sharply with his cross-ticker track record of 75% 90-day win rate and +7.2% average 30-day return, suggesting his timing at this specific ticker has diverged materially from his historical pattern.

President & CEO Morrisett sold 187.1K shares at $3.77 (-35.1% of holdings); stock down -59.4% from 52-week high.

Michael R. Morrisett, President & CEO of Empire Petroleum, sold 187,084 shares for $705,306.68, reducing his holdings by 35.1% from 533,172 to 346,088 shares. The sale occurred at $3.77 per share, while the stock now trades at $3.16—below the transaction price—and has declined 59.4% from its 52-week high of $7.78. The company reported a net loss of $5,056,000 on revenue of $8,754,000 in the latest quarter and has been unprofitable over its most recent full fiscal year. This substantial reduction in CEO holdings coincides with deteriorating stock price momentum (down 23.7% over 30 days and 30.1% over 90 days) and a company in financial distress, presenting a material signal of capital redeployment at a juncture of operational underperformance.

Director Mulacek buys 12,190 shares ($44,282.53) at EP amid stock down 50.8% from 52-week high; latest 5 buys all underwater

Phil E Mulacek, Director at Empire Petroleum, executed 2 separate purchases totaling 12,190 shares for $44,282.53 at a blended average price of $3.63 on October 20–22, 2025. This transaction adds 0.2% to his post-transaction holdings of 5,375,015 shares. The purchases occur as the stock trades at $3.83, down 50.8% from its 52-week high of $7.78 and down 16.6% over the past 30 days. At the same ticker, Mulacek's 5 prior open-market buys (all executed in September 2025) have each experienced negative 30-day returns ranging from -1.7% to -12.7%, with none yet measurable at the 90-day mark. His cross-ticker track record shows a 64.29% 90-day win rate on 20 prior buys with an average 90-day return of +12.6%, but his Empire Petroleum-specific entry pattern suggests a timing disconnect at this particular security. The company reported a net loss of $-5,056,000.00 in the latest quarter on revenue of $8,754,000.00 and remains unprofitable on a full-year basis, despite 8.9% annual revenue growth.

Director Mulacek buys 36,946 shares at $4.02 average over 3 days; stock at -47.9% from 52-week high, company unprofitable

Director Phil E Mulacek executed 3 separate open-market purchases totaling 36,946 shares for $148,656.90 on Sep 15-17, with a blended average price of $4.02, adding 0.7% to his holdings of 5.36M shares. The purchases occurred while the stock trades at $4.05, down 47.9% from its 52-week high of $7.78 and down 29.6% over the prior 90 days, despite the company reporting annual revenue growth of 8.9%. At the same ticker, Mulacek's prior two measurable purchases (May 22-23) each yielded positive 30-day and 90-day returns of approximately +36.5% and +16.8%-+17.5%, establishing a pattern of well-timed accumulation at this company. However, the current backdrop differs materially: the company remains unprofitable with a net loss of $5.1M in the latest quarter against revenue of $8.8M, and the stock has suffered a 29.6% decline in the past 90 days—creating uncertainty about whether prior timing patterns remain predictive.