Imperial Petrole Stock Price, News & Analysis
Company Description
Imperial Petroleum Inc. (IMPP) is a ship-owning company in the deep sea freight transportation industry. According to company disclosures, Imperial Petroleum provides seaborne transportation services for petroleum products, crude oil and drybulk cargoes. The company’s activities place it within the Transportation and Warehousing sector, with a focus on international shipping across tanker and drybulk markets.
Imperial Petroleum states that it owns and operates a fleet that includes M.R. product tankers, suezmax tankers and drybulk carriers. Its product tankers carry refined petroleum products, while its crude oil and drybulk vessels serve broader energy and commodity trades. The company’s fleet composition has expanded over time through the acquisition of additional drybulk carriers and tankers, as reflected in its periodic operational updates.
Fleet and vessel types
Based on recent company press releases, Imperial Petroleum’s fleet includes:
- Seven M.R. product tankers
- Two suezmax tankers
- Multiple drybulk carriers, including handysize, supramax, kamsarmax and post panamax drybulk vessels
In one description, the company notes that it owns nineteen vessels on the water with a total capacity of 1,195,000 deadweight tons (dwt), consisting of seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers and two kamsarmax drybulk vessels, and that it has contracted to acquire additional handysize and post panamax drybulk carriers. In another release, Imperial Petroleum describes a fleet of nineteen vessels on the water and contracted acquisitions that would bring the total to 26 vessels with an aggregate capacity of about 1.5 million dwt. Earlier in 2025, the company reported owning thirteen vessels on the water and having contracted to acquire six additional Japanese-built drybulk carriers.
These disclosures indicate that Imperial Petroleum’s business model centers on owning and deploying a mixed fleet of tankers and drybulk carriers in international trade. The company’s operational highlights refer to time charter and spot activity, fleet calendar days, and fleet operational utilization for both its tanker and drybulk segments, underscoring its focus on commercial employment of vessels in different market arrangements.
Stock listing and capital structure
Imperial Petroleum reports that its common shares are listed on the Nasdaq Capital Market under the symbol "IMPP". It also has 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock listed on the Nasdaq Capital Market under the symbol "IMPPP". The company has announced dividends on its Series A Preferred Shares and has detailed the number of preferred shares outstanding in its dividend press releases.
In late 2025, Imperial Petroleum announced a registered direct equity offering to institutional investors, involving common stock (or pre-funded warrants in lieu thereof) and accompanying warrants. The company stated that gross proceeds from this offering were expected to be approximately $60 million before expenses, and that it intended to use the net proceeds for working capital and general corporate purposes. The offering was made pursuant to an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (SEC).
Net Asset Value and fleet-related metrics
In a December 2025 press release, Imperial Petroleum provided a management estimate of Net Asset Value (NAV). The company explained that the estimated NAV was based on estimates of the market value of the vessels in its fleet, its investment in C3is Inc., and cash balances as of a specified date, pro forma for a registered equity offering, less the liquidation value of outstanding preferred shares. Imperial Petroleum emphasized that this NAV represented a snapshot in time, would likely change, and did not represent the amount a stockholder would receive for shares of common stock. The company also noted that NAV calculations are based on assumptions and estimates that are inherently imprecise and may vary across industries and companies.
Across its quarterly reports, the company highlights operational measures such as fleet operational utilization, the split between time charter and spot days, and the average number of vessels owned during a period. It also reports on fleet book value, cash and cash equivalents (including time deposits), and the absence of bank debt in certain periods. These disclosures provide insight into how Imperial Petroleum evaluates its fleet deployment and financial position.
Operations and reporting
Imperial Petroleum issues unaudited financial and operating results for its quarters and year-to-date periods, typically via press releases that are later furnished to the SEC on Form 6-K. These releases discuss revenues, voyage expenses, vessel operating expenses, drydocking costs, general and administrative costs, depreciation, management fees, interest and finance costs, interest income, foreign exchange gains or losses, net income, and non-GAAP measures such as EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS. The company includes reconciliations of these non-GAAP measures to net income in its releases.
The company’s communications also reference time charter employment and spot employment for its vessels, indicating the proportion of fleet calendar days allocated to each. Fleet employment tables list vessel names, year and country built, vessel size in dwt, vessel type, employment status, and earliest charter expiration dates. These tables cover both tankers and drybulk carriers, such as M.R. product tankers, suezmax tankers, handysize drybulk carriers, supramax drybulk carriers and kamsarmax drybulk vessels.
Regulatory filings and corporate form
Imperial Petroleum files reports with the SEC as a foreign private issuer. Its recent filings include Form 6-K reports furnished under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. One Form 6-K incorporates a press release announcing unaudited financial and operating results for the three and nine months ended September 30, 2025. Another Form 6-K provides Management’s Discussion and Analysis of Financial Condition and Results of Operations and consolidated financial statements for the six months ended June 30, 2024 and 2025, along with related Inline XBRL exhibits.
The company identifies itself in SEC filings as Imperial Petroleum Inc. and indicates that it files annual reports under cover of Form 20-F. The filings list its principal executive office in Athens, Greece, reflecting its international shipping focus and corporate domicile as a foreign issuer.
Dividends on preferred stock
Imperial Petroleum has announced dividends on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. In its dividend press releases, the company specifies the dividend amount per share, the record date, the payment date, and the period to which the dividend relates. It also discloses the number of Series A Preferred Shares outstanding and reiterates that these preferred shares trade on the Nasdaq Capital Market under the ticker symbol "IMPPP".
Position within the deep sea freight transportation industry
Within the deep sea freight transportation industry, Imperial Petroleum’s disclosures show a focus on petroleum products, crude oil and drybulk cargoes. The company’s fleet composition, which combines M.R. product tankers, suezmax tankers and various sizes of drybulk carriers, positions it to participate in different shipping markets across energy and commodity trades. Its operational metrics and fleet employment data highlight how it manages vessel deployment between time charter contracts and spot voyages.
Investors and analysts following Imperial Petroleum can review its press releases, fleet employment tables and SEC filings for detailed information on fleet size, vessel types, employment status, financial performance and capital structure. The company’s communications emphasize recurring profitability, fleet growth through acquisitions, and the use of equity offerings and preferred stock as part of its financing approach.
FAQs about Imperial Petroleum Inc. (IMPP)
- What does Imperial Petroleum Inc. do?
Imperial Petroleum Inc. is described in its public communications as a ship-owning company that provides seaborne transportation services for petroleum products, crude oil and drybulk cargoes. It operates within the deep sea freight transportation industry and the broader Transportation and Warehousing sector.
- What types of vessels are in Imperial Petroleum’s fleet?
According to company press releases, Imperial Petroleum’s fleet includes M.R. product tankers, suezmax tankers, handysize drybulk carriers, supramax drybulk carriers, kamsarmax drybulk vessels and, in some disclosures, a post panamax drybulk carrier. The fleet composition has expanded over time as the company has acquired additional drybulk carriers and tankers.
- How many vessels does Imperial Petroleum own?
The company has reported different fleet sizes at various times. In early 2025, it stated that it owned thirteen vessels on the water and had contracted to acquire six additional drybulk carriers, which would bring the total to nineteen vessels. Later in 2025, it reported owning nineteen vessels on the water and having contracted to acquire additional vessels that would increase the fleet to 22 or 26 vessels, depending on the specific disclosure, with aggregate capacity reaching around 1.4 to 1.5 million dwt.
- On which exchange does Imperial Petroleum trade and what are its tickers?
Imperial Petroleum states that its common stock is listed on the Nasdaq Capital Market under the ticker symbol "IMPP". Its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock trades on the Nasdaq Capital Market under the ticker symbol "IMPPP".
- What cargoes does Imperial Petroleum transport?
Company descriptions indicate that Imperial Petroleum transports petroleum products, crude oil and drybulk cargoes. Earlier descriptions also refer to refined petroleum products and other cargoes carried by its product tankers, consistent with its role in deep sea freight transportation.
- How does Imperial Petroleum describe its fleet employment?
Imperial Petroleum’s operational updates distinguish between time charter activity and spot activity. The company reports the proportion of fleet calendar days allocated to time charter and spot employment, as well as fleet operational utilization for its tanker and drybulk fleets. Fleet employment tables list each vessel’s employment status and earliest charter expiration date.
- What information does Imperial Petroleum provide about its financial performance?
In its quarterly and year-to-date press releases, Imperial Petroleum reports revenues, voyage expenses, vessel operating expenses, drydocking costs, general and administrative costs, depreciation, management fees, interest and finance costs, interest income, foreign exchange gains or losses, net income and non-GAAP measures such as EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS. The company provides reconciliations of non-GAAP measures to net income.
- Does Imperial Petroleum pay dividends?
Imperial Petroleum has announced dividends on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The company’s dividend press releases specify the dividend per share, record date, payment date and the number of Series A Preferred Shares outstanding. The disclosures provided do not describe dividends on common stock.
- What regulatory filings does Imperial Petroleum submit to the SEC?
Imperial Petroleum files reports as a foreign private issuer. Recent filings include Form 6-K reports furnished under Rule 13a-16 or 15d-16, which incorporate press releases on financial and operating results and Management’s Discussion and Analysis with consolidated financial statements. The company indicates that it files annual reports under cover of Form 20-F.
- Where is Imperial Petroleum based?
In its SEC filings, Imperial Petroleum lists its principal executive office in Athens, Greece. This reflects its status as a foreign issuer with operations in international shipping markets.