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Imperial Petrole - IMPP STOCK NEWS

Welcome to our dedicated page for Imperial Petrole news (Ticker: IMPP), a resource for investors and traders seeking the latest updates and insights on Imperial Petrole stock.

Imperial Petroleum Inc (IMPP) provides essential seaborne transportation services for refined petroleum products and chemicals through its specialized fleet operations. This centralized news resource offers investors and industry professionals timely updates on corporate developments within the global energy logistics market.

Access comprehensive coverage of IMPP's operational milestones including fleet expansions, regulatory compliance achievements, and strategic partnerships. Our curated news collection features verified press releases alongside market analysis relevant to maritime fuel transportation and commodities logistics.

Key updates include contract announcements with oil producers, operational efficiency reports, and industry participation in energy supply chain initiatives. The content maintains focus on IMPP's core competencies in medium-range product tanker management and international shipping operations.

Bookmark this page for streamlined access to IMPP's evolving market position and operational updates. Regularly updated content ensures stakeholders remain informed about this critical player in petroleum product transportation.

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Imperial Petroleum Inc. announces repurchase of Class C and Class D warrants
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IMPERIAL PETROLEUM INC. announces dividend payment for Series A Preferred Shares
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IMPERIAL PETROLEUM INC. approves $10M share repurchase program and acquires two tanker vessels for $71M.
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IMPERIAL PETROLEUM INC. (NASDAQ: IMPP) Announces $17M Registered Direct Offering
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Imperial Petroleum Inc. announces unaudited Q2 2023 financial results, with revenues of $59.0 million, up 422.1% from Q2 2022. Net income of $16.8 million, up by $16.7 million compared to Q2 2022. Cash and cash equivalents of $98.6 million as of June 30, 2023. Spin-off of two drybulk carriers to C3is Inc. on June 21, 2023. Sold Aframax tanker to C3is Inc. for $43 million in July 2023.
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Imperial Petroleum Inc. will release its second quarter and six months financial results on August 10, 2023. The company will host a conference call at 11:00 am ET to discuss the results and its operations and outlook.
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Imperial Petroleum Inc. (Nasdaq:IMPP) has signed an agreement to sell the M/T Stealth Berana, an Aframax oil tanker, for $43 million to C3is Inc. The vessel, built in South Korea in 2010, has a cargo carrying capacity of approximately 115,800 dwt. 10% of the purchase price has been received, and the remaining balance is due within a year after the vessel’s delivery on July 14, 2023. The transaction was approved by the Company’s audit committee.
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Imperial Petroleum Inc. has completed the spin-off of its subsidiary, C3is Inc., effective June 21, 2023. Stockholders and warrantholders received one C3is common share for every eight shares of Imperial Petroleum's common stock. Fractional shares will be sold in the open market. Imperial Petroleum will retain an interest in C3is Inc. through its ownership of Series A Convertible Preferred Stock.
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Imperial Petroleum Inc. announces record date for spin-off distribution of shares of C3is Inc.
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Imperial Petrole

Nasdaq:IMPP

IMPP Rankings

IMPP Stock Data

82.97M
21.46M
33.92%
17.31%
8.12%
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