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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.