Imperial Petroleum Inc. (IMPP), a ship-owning company providing petroleum products, crude oil, and dry bulk seaborne transportation services, Friday, posted second quarter results.
Net income of $12.8 million, down from $19.5 million in the same quarter last year. Earnings per share were $0.35 on a diluted basis, compared with $0.56 a year earlier.
Revenues for the quarter fell to $36.3 million from $47.0 million a year ago. For the first half of 2025, the company reported net income of $24.1 million, compared with $36.2 million in the prior-year period, as revenues declined to $68.4 million from $88.2 million.
IMPP is currently trading at $3.56, up $0.10 or 3.03 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.