Camber Energy Inc 2025年度报告

FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended:December 31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ to ___________ Commission File Number:001-32508 CAMBER ENERGY, INC. (Exact name of registrant as specified in its charter) 20-2660243(I.R.S. EmployerIdentification No.) (State of other jurisdiction ofincorporation or organization) 12 Greenway Plaza, Suite 1100,Houston, Texas(Address of principal executive offices) 77046(Zip code) Registrant’s telephone number, including area code:(281) 404-4387 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated FilerEmerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that require a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of June 30, 2025 (the date of the registrant’s most recently completed second quarter), the aggregate market value of the shares ofthe registrant’s common equity held by non-affiliates was approximately $7,936,585 using the June 30, 2025 closing price of theregistrant’s common stock of $0.03 per share on such date. Shares of the registrant’s common stock held by each executive officer anddirector and by each person who beneficially owns 10 percent or more of the registrant’s outstanding common stock have beenexcluded in that such persons may be deemed to be “affiliates” of the registrant for purposes of the above calculation. Thisdetermination of affiliate status is not a conclusive determination for other purposes. There were281,686,525 shares of the registrant’s common stock outstanding as of March30, 2026. Documents incorporated by reference:None. TABLE OF CONTENTS PageCautionary Note Regarding Forward-Looking Statements3Where You Can Find More Information4General Information4PART IITEM 1.Business5ITEM 1A. Risk Factors10ITEM 1CCybersecurity18ITEM 2.Properties18ITEM 3.Legal Proceedings18ITEM 4.Mine Safety Disclosures18PART IIITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities19ITEM 6.[Reserved]19ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations19ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk27ITEM 8.Financial Statements and Supplementary Data28ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure29ITEM 9A. Controls and Procedure