Imperial Petroleum, Inc. (IPMN.OB) reported full year net income of approximately $10.8 million or $0.64 per share, compared with a net loss of $2.59 million or $0.16 per share in the year-ago period. Operating Revenue for the year declined to $1.07 million, compared with $1.86 million last year.
Jeffrey Wilson, President of Imperial, said, "The sale of assets to retire our debt resulted in an overall gain for the year of about $13 million and resulted in a net gain of about $10.8 million".
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.