• Imperial Petroleum posted net income of USD 28.02 million for the first quarter ended March 31, 2026, up 86.7% from Q4 2025, with basic EPS of USD 0.60.
• Revenue rose to USD 61.71 million, up 20.7% from Q4 2025, while operating income climbed to USD 26.5 million, up 93.4%.
• Cash and cash equivalents including time deposits increased to USD 212.6 million as of March 31, 2026 from USD 179.1 million at the end of 2025.
• The fleet’s operational utilization was 88.7%, up 4.9 percentage points from Q4 2025, with about 59% of fleet calendar days on time charters.
• Under its USD 10 million stock repurchase program, it had bought back 855,769 shares for USD 3.8 million as of May 21, 2026, and CEO Harry Vafias said the company remains debt-free with 21 vessels on the water and five more scheduled for delivery by end-Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Imperial Petroleum Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605220920PRIMZONEFULLFEED1001183559) on May 22, 2026, and is solely responsible for the information contained therein.