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Imperial Petroleum Inc (IMPPP) provides international seaborne transportation services for refined petroleum products and liquid commodities. This news hub offers investors and industry professionals timely updates on corporate developments, operational milestones, and strategic initiatives within the maritime logistics sector.
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Key content categories include financial performance disclosures, vessel acquisitions, charter agreements, and market positioning updates. Each update is sourced directly from verified company communications to maintain accuracy and relevance.
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Imperial Petroleum (NASDAQ:IMPP), a shipping company specializing in petroleum products, crude oil, and drybulk transportation, has declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on September 30, 2025 to shareholders of record as of September 25, 2025.
The dividend covers the period from June 30, 2025, through September 29, 2025. Currently, there are 795,878 Series A Preferred Shares outstanding, trading under the symbol "IMPPP" on the Nasdaq Capital Market.
Imperial Petroleum (NASDAQ:IMPP) reported Q2 2025 financial results, marking significant fleet expansion and strong financial position. The company's fleet grew from 12 to 19 vessels in Q2, with a 54.4% increase in fleet book value to over $350 million. Despite a 22.8% revenue decline to $36.3 million compared to Q2 2024, IMPP maintained profitability with net income of $12.8 million.
Key financial highlights include $212.2 million in cash and cash equivalents (80% higher than current market cap), zero debt, and H1 2025 results showing $24.1 million in net income and $42.0 million in operating cash flow. The company achieved 83.1% fleet operational utilization, with 60% of fleet calendar days dedicated to time charter activity.
The company's expanded fleet now comprises nine tankers and ten drybulk carriers, with three additional drybulk carriers expected for delivery between September 2025 and August 2026.
Imperial Petroleum Inc. (NASDAQ:IMPP), a ship-owning company specializing in petroleum products, crude oil, and drybulk seaborne transportation services, has scheduled its Q2 and H1 2025 financial results release for September 5, 2025, before the New York market opens.
The company will host a conference call at 10:00 AM ET on the same day to discuss results and business outlook. Participants must pre-register online to receive dial-in information. A live webcast will be available through the company's website, with registration required approximately 10 minutes before the start.
Imperial Petroleum Inc. (IMPP), a ship-owning company specializing in petroleum products, crude oil, and drybulk seaborne transportation services, has scheduled the release of its first quarter 2025 financial results for May 23, 2025, before the New York market opens.
The company will host a conference call at 10:00 am ET on the same day, where management will discuss the quarterly results, operations, and outlook. Participants must pre-register online to receive dial-in numbers and a personal PIN. The event will also be available via live and archived webcast through Imperial Petroleum's website.
Imperial Petroleum (Nasdaq: IMPP) has declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on March 31, 2025 to shareholders of record as of March 26, 2025.
The dividend covers the period from December 30, 2024, through March 29, 2025. Currently, there are 795,878 Series A Preferred Shares outstanding, trading on the Nasdaq Capital Market under the symbol 'IMPPP'. The company operates in the maritime sector, providing transportation services for petroleum products, crude oil, and drybulk cargo.
Imperial Petroleum (NASDAQ: IMPP) reported its Q4 and full-year 2024 financial results. Q4 revenues decreased 12.4% to $26.2 million compared to Q4 2023, with net income of $3.9 million versus $6.5 million in Q4 2023. The company experienced a $3.3 million foreign exchange loss in Q4 2024.
For the full year 2024, revenues declined 19.7% to $147.5 million, while net income reached $50.2 million. The company maintained strong liquidity with cash and cash equivalents of $206.7 million as of December 31, 2024, a 66.7% increase from the previous year. The company operates debt-free with a fleet operational utilization of 86.0% in Q4 2024.
The company recently added the product tanker Clean Imperial on January 10, 2025, bringing its tanker fleet to nine ships. IMPP has also contracted to acquire seven Japanese-built drybulk carriers, expected for delivery between February and May 2025.
Imperial Petroleum Inc., a shipping company specializing in petroleum products, crude oil, and drybulk seaborne transportation services, has announced its schedule for the release of Q4 and full-year 2024 financial results. The results will be released before the New York market opens on February 13, 2025.
The company will host a conference call at 10:00 am ET on the same day, where management will discuss the results, operations, and outlook. Participants must pre-register to receive dial-in numbers and a personal PIN. Additionally, a live webcast will be available through the company's website, with participants advised to register approximately 10 minutes before the start.
Imperial Petroleum (Nasdaq: IMPP), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, has announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on December 30, 2024 to shareholders of record as of December 24, 2024. This payment covers the period from September 30, 2024, through December 29, 2024. Currently, there are 795,878 Series A Preferred Shares outstanding, trading under the symbol 'IMPPP' on the Nasdaq Capital Market.