Quarterly ResultMay 22, 2026, 04:38 PM
Imperial Petroleum Q1 Net Income $28M, Second Best in History
AI Summary
Imperial Petroleum Inc. reported its second-best quarterly results in history for Q1 2026, with net income reaching $28.0 million, an 86.7% increase from Q4 2025 and 147.8% from Q1 2025. Revenues surged 92.2% year-over-year to $61.7 million, driven by an expanded fleet and higher tanker rates due to Middle East conflict. The company also continued its fleet expansion and share repurchase program, maintaining strong liquidity.
Key Highlights
- Net income was $28.0 million in Q1 2026, up 147.8% from $11.3 million in Q1 2025.
- Revenues increased 92.2% to $61.7 million in Q1 2026 from $32.1 million in Q1 2025.
- Basic EPS was $0.60 in Q1 2026, compared to $0.32 in Q1 2025.
- Operating income rose 239.7% to $26.5 million in Q1 2026 from $7.8 million in Q1 2025.
- Cash and cash equivalents, including time deposits, reached $212.6 million as of March 31, 2026.
- Repurchased 855,769 common shares for $3.8 million under a $10 million program.
- Fleet expanded to 21 vessels, with 5 more scheduled for delivery by end of Q3 2026.
- EBITDA for Q1 2026 amounted to $34.4 million.
Price Impact
More from IMPP