Imperial Petroleum Announces $10 Million Share Repurchase Program

Rhea-AI Summary

Imperial Petroleum (Nasdaq: IMPP) announced that its Board approved a share repurchase program authorizing officers to buy up to $10,000,000 of common stock.

Shares may be repurchased in the open market or via privately negotiated transactions, at times and prices the company deems appropriate. The program may be suspended or discontinued at any time.

Positive

• Authorized repurchase of $10,000,000 of common stock
• Permits open-market and privately negotiated share purchases for execution flexibility

Negative

• No firm timeline or minimum repurchase commitment disclosed
• Buybacks may be suspended or discontinued at the company’s discretion

Market Reaction

+11.11% $3.70 2.2x vol

15m delay 22 alerts

+11.11% Since News

+7.3% Peak in 24 min

$3.70 Last Price

$3.52 $3.97 Day Range

+$17M Valuation Impact

$165M Market Cap

2.2x Rel. Volume

Following this news, IMPP has gained 11.11%, reflecting a significant positive market reaction. Argus tracked a peak move of +7.3% during the session. Our momentum scanner has triggered 22 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $3.70. This price movement has added approximately $17M to the company's valuation. Trading volume is elevated at 2.2x the average, suggesting notable buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Share repurchase authorization: $10,000,000 Current share price: $3.33 Price change: 3.42% +5 more

8 metrics

Share repurchase authorization $10,000,000 Maximum common stock buyback under new program

Current share price $3.33 Pre-news trading level

Price change 3.42% 24-hour price change before announcement

Today’s volume 373,093 shares Compared with 20-day average of 665,682

20-day avg volume 665,682 shares Liquidity benchmark for recent trading

52-week high $6.57 Stock is 49.32% below this level

52-week low $2.117 Stock is 57.3% above this level

NAV estimate $508.03M Management NAV as of Sept 30, 2025 (prior event)

Market Reality Check

Price: $3.33 Vol: Volume 373,093 is below t...

low vol

$3.33 Last Close

Volume Volume 373,093 is below the 20-day average of 665,682 (relative volume 0.56x). low

Technical Trading below its 200-day MA at 3.83 and 49.32% under the 52-week high of 6.57.

Peers on Argus

IMPP is up 3.42% while close peers show mixed moves: DLNG -1.83%, MMLP +3.68%, K...

IMPP is up 3.42% while close peers show mixed moves: DLNG -1.83%, MMLP +3.68%, KNOP +0.29%, SMC +1.79%, TEN +3.29%. The pattern points to stock-specific factors rather than a uniform sector move.

Historical Context

5 past events · Latest: Dec 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 22	NAV estimate update	Positive	+0.3%	Management published NAV estimate per share and total NAV figure.
Dec 11	Earnings release	Positive	-4.9%	Reported higher Q3 2025 revenue, EBITDA and operating income.
Dec 05	Results webcast date	Neutral	-0.8%	Announced timing for Q3 2025 results release and conference call.
Nov 28	Equity offering	Negative	-21.8%	Priced $60M registered direct offering with accompanying warrants.
Sep 12	Preferred dividend	Positive	+9.6%	Declared cash dividend on 8.75% Series A preferred shares.

Pattern Detected

Recent history shows positive reactions to shareholder-friendly actions (preferred dividend, NAV update) and a sharp selloff on equity offerings, with a mixed response to strong earnings.

Recent Company History

Over the past months, Imperial Petroleum reported stronger Q3 2025 results with higher revenue, EBITDA and operating income, but the stock fell 4.91%. A registered direct equity offering in November 2025 coincided with a -21.83% move, highlighting sensitivity to dilution. By December 22, 2025, management estimated NAV at $508.03M, with a modest 0.26% reaction. A preferred dividend announcement on September 12, 2025 saw a stronger 9.56% gain. The new buyback fits within this mix of capital actions and shareholder returns.

Market Pulse Summary

The stock is surging +11.1% following this news. A strong positive reaction aligns with shareholder-...

Analysis

The stock is surging +11.1% following this news. A strong positive reaction aligns with shareholder-focused capital actions such as this $10,000,000 buyback authorization. Past events showed sharp downside on equity offerings and better support around dividends and NAV news. With shares trading below the 200-day MA and 49.32% under the 52-week high, investors have weighed dilution history against current capital returns when assessing sustainability.

Key Terms

share repurchase program, common stock

2 terms

share repurchase program financial

"has approved a share repurchase program and authorized the officers of the Company"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

common stock financial

"up to $10,000,000 of the Company's common stock. Shares may be purchased"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

AI-generated analysis. Not financial advice.

ATHENS, Greece, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) today announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.

About Imperial Petroleum Inc.

IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of twenty vessels on the water - seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and a post panamax drybulk carrier - with a total capacity of approximately 1,291,000 deadweight tons (dwt) and has contracted to acquire an additional five handysize drybulk carriers and a product tanker of 223,700 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 26 vessels with an aggregate capacity of about 1.5 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements related to the Company’ share repurchase program and capital strategy, are forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include risks discussed in our filings with the SEC. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

Company Contact:

Fenia Sakellaris
IMPERIAL PETROLEUM INC.
info@ImperialPetro.com

FAQ

What did Imperial Petroleum (IMPP) authorize in the February 9, 2026 share repurchase program?

The company authorized officers to repurchase up to $10,000,000 of common stock. According to the company, purchases can occur in the open market or via privately negotiated transactions at times and prices deemed appropriate.

How will Imperial Petroleum (IMPP) execute the $10 million buyback?

Imperial Petroleum may repurchase shares in open-market or privately negotiated transactions. According to the company, officers are authorized to time purchases as they consider appropriate, providing flexibility in execution and pricing.

Does Imperial Petroleum (IMPP) guarantee a set timetable for the repurchases under the $10 million program?

No, there is no guaranteed timetable for repurchases under the program. According to the company, the program may be suspended or discontinued at any time, and buys will occur at management’s discretion.

What immediate effect should IMPP shareholders expect from the $10,000,000 repurchase authorization?

Immediate effect is limited because buys are discretionary and not guaranteed. According to the company, the authorization enables potential share reduction but actual timing, amount, and market impact depend on future repurchase activity.