Imperial Petroleum Inc. (IMPP) CEO and President Harry Vafias exercised options on October 19, 2026, for 117,188 common shares at an exercise price of $3.20 per share. His reported direct common-stock holdings after the exercise were 3,918,196 shares.
The option footnote states that 50% of the shares subject to the option are vested and exercisable; the remaining 50% vest and become exercisable on January 8, 2027, subject to continuous service. Indirect holdings listed through Arethusa Properties LTD (3,307,452 shares) and Flawless Management Inc. (6,991,255 shares); Vafias controls both entities and disclaims beneficial ownership for Section 16 purposes except to the extent of any pecuniary interest.
Imperial Petroleum Inc. (IMPP) reported revenue of $148.8 million for the six months ended June 30, 2026, up 117.5% from $68.4 million in the same 2025 period. The company attributed the increase primarily to 7.4 more average vessels and higher tanker charter rates, while drybulk rates mostly improved in the second quarter. Net income was $62.8 million, compared with $24.1 million, and net cash provided by operating activities was $78.3 million, versus $42.4 million.
As of June 30, 2026, cash and cash equivalents were $7.5 million and time deposits were $237.7 million; the company reported no outstanding debt. Through the report date, it had repurchased 1,713,469 common shares for $10.6 million. After June 30, it received $48.5 million for the Suez Enchanted, delivered August 7, and reported an approximately $32 million net gain. As of September 25, the fleet included 21 vessels, with four contracted vessels scheduled for delivery in 2026.
Imperial Petroleum Inc. (IMPP) reported very strong growth for the quarter and six months ended June 30, 2026. Second-quarter revenues were $87.1 million, up from $36.3 million a year earlier, with net income rising to $34.8 million from $12.8 million. Basic EPS increased to $0.75 from $0.36. For the first half of 2026, revenues reached $148.8 million versus $68.4 million, and net income climbed to $62.8 million from $24.1 million, with basic EPS of $1.34 versus $0.67.
Adjusted EBITDA grew to $41.7 million in Q2 2026 and $76.7 million for the first half, compared with $17.7 million and $33.3 million in the prior-year periods. Cash and time deposits totaled about $245.2 million at June 30, 2026, and stockholders’ equity was $586.8 million against total liabilities of $58.3 million. The company operated 21 vessels with approximately 1,197,000 dwt and has contracted four additional vessels that will bring the fleet to 25 vessels and about 1.3 million dwt.
Imperial Petroleum Inc. (IMPP) furnished a Form 6-K providing its 2025 audited financial statements and proxy materials for the 2026 annual meeting. Stockholders will vote on electing Class II director John Kostoyannis to a new three-year term and on ratifying Deloitte Certified Public Accountants S.A. as auditor for the year ending December 31, 2026.
For 2025, Imperial reported total revenues of $161.0 million, up from $147.5 million in 2024, and net income of $50.0 million, broadly flat versus 2024. Basic earnings per share were $1.35. Operating cash flow was strong at $80.8 million, while significant vessel acquisitions and related seller-financing repayments contributed to a reduction in year-end cash to $5.8 million. Shareholders’ equity increased to $530.8 million, supported by equity issuance and retained earnings.
At December 31, 2025, the company operated a fleet of 19 vessels across product tankers, crude tankers and dry bulk carriers, with substantial related-party activity in vessel management and asset transactions. Common shareholders and Series B preferred holders of record as of August 18, 2026 are entitled to vote at the October 13, 2026 meeting in Athens.
Imperial Petroleum Inc./Marshall Islands (symbol: IMPP) is the issuer of record for a Form 4 filing submitted to the SEC.
Anson Funds Management LP, Anson Management GP LLC, Anson Advisors Inc., and individuals Tony Moore, Amin Nathoo, and Moez Kassam filed Amendment No. 2 reporting their beneficial ownership in Imperial Petroleum Inc. common stock.
The group reports beneficial ownership of 1,580,490 shares of common stock, representing 3.6% of the class, based on 44,648,737 shares outstanding as reported in Imperial Petroleum’s Form 20-F. These shares are held by one or more private funds for which Anson Funds Management LP and Anson Advisors Inc. act as co-investment advisors. Each reporting person may share voting and dispositive power over the same 1,580,490 shares, and none reports sole voting or dispositive power. The filing indicates ownership of 5 percent or less of Imperial Petroleum’s common stock.
Imperial Petroleum’s chairman and CEO, Harry N. Vafias, and affiliated entities filed Amendment No. 11 to update their ownership of the company’s common stock. Vafias is reported as beneficially owning 14,266,903 shares, or 31.9% of the class.
Flawless Management Inc. is shown with 6,991,255 shares, or 15.7%, and Arethusa Properties LTD with 3,307,452 shares, or 7.4%. Arethusa acquired 241,225 shares in open‑market purchases for $1,039,977.71. Vafias also received 33,627 shares as a family transfer and 440,000 restricted shares plus options on 299,000 shares as compensatory awards, while reserving the right to buy or sell shares over time.
Imperial Petroleum Inc. CEO and President Harry Vafias reported a mix of equity awards, a gift, and updated indirect holdings in the company’s common stock.
He received a grant of 440,000 restricted shares and 299,000 stock options with a $4.95 exercise price, both vesting 50% on June 22, 2027 and 50% on June 22, 2028, subject to continued service. He made a bona fide gift of 33,627 shares and now holds 3,651,506 shares directly and 299,000 options. Indirectly, entities he controls hold 6,991,255 shares through Flawless Management Inc. and 3,307,452 shares through Arethusa Properties LTD, with beneficial ownership of those shares disclaimed except for any pecuniary interest.
IMPERIAL INC. reported very strong Q1 2026 results, with net income of $28.0 million and basic EPS of $0.60, described as the second-best quarter in its history. Revenue rose to $61.7 million from $32.1 million in Q1 2025, while adjusted EBITDA increased to $34.9 million.
The company expanded its fleet, averaging 19.88 vessels in Q1 2026 versus 11.90 a year earlier, and ending the period with 20 owned vessels and total capacity of about 1,324,000 dwt. It has contracted five additional vessels that will lift capacity to roughly 1.5 million dwt across 26 ships.
Liquidity remained strong, with cash and cash equivalents of $71.9 million and time deposits of $140.7 million at March 31, 2026. Management highlighted an active share repurchase program, ample liquidity in excess of $220 million, and a completely debt-free balance sheet.
Imperial Petroleum Inc. ownership update: Anson Funds Management LP and affiliated filers report beneficial ownership of 3,466,680 shares of Common Stock, representing 7.8% of the outstanding Common Stock. The percentage is calculated using 44,648,737 shares outstanding as of April 29, 2026, per the issuer's Annual Report on Form 20-F.
The filing states that Anson Funds Management LP and Anson Advisors Inc. serve as co-investment advisors to funds that hold the shares; related entities and individuals (Anson Management GP LLC, Tony Moore, Anson Advisors Inc., Amin Nathoo and Moez Kassam) may direct voting and disposition of the 3,466,680 shares.