Imperial Petroleum Inc./Marshall Islands (IMPP) Form 6-K — Sep 29, 2026
Imperial Petroleum's H1 2026 revenues more than doubled to $148.8 million, up 117.5% from $68.4 million a year earlier, driven by a 7.4-vessel increase in average fleet size and stronger tanker and drybulk charter rates. Net income surged to $62.8 million ($1.34 basic EPS) from $24.1 million ($0.67 EPS), with operating cash flow of $78.3 million. The balance sheet is exceptionally clean: no outstanding debt, $7.5 million cash plus $237.7 million in time deposits, and total equity of $586.8 million. The company sold the suezmax tanker Suez Enchanted for $48.5 million in August 2026, booking an approximately $32 million gain, and repurchased 1.7 million shares for $10.6 million.
Key figures
- Eps
- 1.34
- Revenue
- 148786861
- Net Income
- 62779787
- Total Debt
- 0
- Revenue Yoy
- 117.5% increase ($80.4M)
- Total Assets
- 645076589
- Cash Position
- $7.5M cash plus $237.7M time deposits
- Fleet size
- 21 vessels, ~1,197,000 dwt
- Diluted eps
- 1.27
- Fleet utilization
- 93.8%
- Share repurchases
- $10.6M (1,713,469 shares)
- Shares outstanding
- 44475268
- Gain on vessel sale
- $32 million (Suez Enchanted, $48.5M consideration)
- Operating cash flow
- 78270254
- Prior period revenue
- 68440445
- Fleet after deliveries
- 25 vessels, ~1.3 million dwt
- Prior period basic eps
- 0.67
- Prior period net income
- 24050420
- Committed vessel payments
- $59.7M cash plus $14.2M cash and 505,859 shares
- Remaining buyback authorization
- $6.2M of $10.0M program
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