Imperial Petroleum Inc./Marshall Islands

Imperial Petroleum Inc. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is payable on June 30, 2026, to holders of record as of June 25, 2026, covering the period from March 30, 2026, through June 29, 2026. The company, which provides petroleum products, crude oil, and drybulk seaborne transportation services, currently operates twenty-one vessels and has plans to expand its fleet to 26 vessels.

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.

Imperial Petroleum Inc. reported its second-best quarterly performance in Q1 2026, with net income surging 147.8% year-over-year to $28.0 million and basic EPS reaching $0.60. Revenues increased 92.2% to $61.7 million, driven by an expanded fleet and higher tanker rates due to geopolitical tensions. The company also continued its fleet expansion, delivering one dry bulk carrier and expecting five more by Q3 2026. Additionally, Imperial Petroleum repurchased $3.8 million in common shares under its stock repurchase program.

Imperial Petroleum Inc. announced it will release its first quarter financial and operating results for the period ended March 31, 2026, before the market opens in New York on May 22, 2026. Following the release, the company's management will host a conference call at 10:00 am ET on the same day to discuss the results, operations, and outlook. Participants are required to pre-register for the call, and a live webcast will also be available on the company's website. Imperial Petroleum currently operates a fleet of 21 vessels and has plans to expand to 26 vessels with an aggregate capacity of about 1.5 million dwt.