Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today its unaudited financial and operating results for the three months ended March 31, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 80.6% in Q1 24', an improved performance compared to Q4 23', mainly due to a 29.3% decrease in commercial idle days [...]
Imperial Petroleum Inc. a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its first quarter financial results for the period ended March 31, 2024, before the market opens in New York on May 16, 2024. On May 16, 2024 at 09:00 am ET, the company's management will host a conference call to discuss the results and the company's [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock , payable on April 1, 2024 to holders of record as of March 26, 2024. The dividend payment relates to the period from the last dividend payment date for the Series A [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 68.5% in Q4 23' mainly due to vessel repositioning for commercial reasons and the drydocking [...]
Imperial Petroleum Inc. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its fourth quarter and twelve months financial results for the period ended December 31, 2023 before the market opens in New York on February 13, 2024. On February 13, 2024 at 11:00 am ET, the company's management will host a conference call to discuss [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, today announced that all 13,875 shares of its Series C Cumulative Convertible Perpetual Preferred Stock have been converted by the holder, Flawless Management Inc., into 6,932,043 shares of the Company's Common Stock. ABOUT IMPERIAL PETROLEUM INC. Imperial Petroleum Inc. is a ship-owning [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock , payable on January 2, 2024, to holders of record as of December 27, 2023. The dividend payment relates to the period from the last dividend payment date for the Series A [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 70.5% in Q3 23' as the Company faced commercial idle days due to seasonal factors and [...]
Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil and drybulk seaborne transportation services, announced today that it will release its third quarter and nine months financial results for the period ended September 30, 2023 before the market opens in New York on October 25, 2023. On October 25, 2023 at 11:00 am ET, the company's management will host a conference call to discuss [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today that it has agreed to repurchase 1,480,001 Class C Warrants and 1,100,003 Class D Warrants from certain institutional investors for an aggregate purchase price of approximately $0.62 million. About Imperial Petroleum Inc. Imperial Petroleum Inc. is a ship-owning company [...]
Imperial Petroleum Inc. , a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock , payable on October 2, 2023 to holders of record as of September 27, 2023. The dividend payment relates to the period from the last dividend payment date [...]
Imperial Petroleum Inc. today announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or [...]
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