Fleet Expansion
Imperial Petroleum expanded its fleet by 56% with the delivery of seven dry bulk ships, reaching a total of 19 non-Chinese-built vessels.
Increased Profitability
The company generated a profit of $12.8 million in Q2 2025, an increase of 13% against Q1 2025, corresponding to an earnings per share of $0.36.
Strong Liquidity Position
Imperial Petroleum maintains a strong liquidity position with $212.2 million in cash and cash equivalents.
Debt-Free Balance Sheet
The company continues to operate with a debt-free balance sheet, enhancing its financial stability.
Favorable Market Rates
Market rates for both tankers and bulkers are currently favorable, with Supramax vessel earnings about 30% higher and product tankers about 15% higher than the ten-year average.