Empire Petroleum Corporation has released its first quarter 2025 financial and operational results. The company reported a net loss of $4.2 million for Q1 2025, compared to a net loss of $4.0 million in the same period last year. Total product revenue for the quarter amounted to $9.0 million. The company experienced a decrease in net equivalent sales, reporting 2,049 barrels of oil equivalent per day (Boe/d), down 13% from 2,356 Boe/d in Q4 2024 and 7% from 2,207 Boe/d in Q1 2024. Net oil sales also saw a decline to 1,329 barrels per day (Bbls/d), a 16% decrease from 1,581 Bbls/d in Q4 2024, and a 7% decrease from 1,437 Bbls/d in Q1 2024. The realized price per barrel of oil equivalent was $48.76, reflecting a 5% increase from the previous quarter but a 4% decrease from the first quarter of the previous year. Empire's Chairman of the Board, Phil Mulacek, noted that the first-quarter results were impacted by temporary production losses due to severe weather and operational disruptions. However, Empire remains focused on advancing its operational initiatives, including efforts in enhanced oil recovery $(EOR.AU)$ in North Dakota and securing new regulatory approvals in Texas. The company is also evaluating horizontal well designs to maximize production from prospective pay zones. In Q1 2025, Empire invested approximately $2.7 million in capital expenditures, mainly for its Starbuck Drilling Program in North Dakota. As of March 31, 2025, the company had approximately $1.1 million in cash and around $7.8 million available on its credit facility. Adjusted EBITDA for the quarter was reported at negative $0.6 million, slightly improved from negative $0.7 million in Q1 2024.