Welcome to our dedicated page for Imperial Petroleum 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares news (Ticker: IMPPP), a resource for investors and traders seeking the latest updates and insights on Imperial Petroleum 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares stock.
Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers carrying refined petroleum products, edible oils, and chemicals. Apart from the existing vessels, the company is set to acquire two additional tankers, expanding its fleet to eleven vessels with a total capacity of 791,716 deadweight tons. The company's shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market under the symbols “IMPP” and “IMPPP” respectively.
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Imperial Petroleum Inc. (IMPP) reported operational and financial results for Q4 2023, with a fleet operational utilization of 68.5%. Revenues were $29.9 million, down from $37.9 million in Q4 2022, attributed to market conditions. Net income was $6.5 million, a decrease from $13.8 million in Q4 2022. For the 12 months ended December 31, 2023, revenues were $183.7 million, up 89.4% from the previous year, while net income increased by 141% to $71.1 million. The company held $124 million in cash and equivalents as of December 31, 2023.
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Imperial Petroleum Inc. will release its Q4 and twelve months financial results on February 13, 2024, followed by a conference call to discuss operations and outlook. Participants can pre-register for the call and access the webcast on the company's website.
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Imperial Petroleum Inc. (Nasdaq: IMPP) announced the conversion of 13,875 shares of its Series C Convertible Preferred Stock into 6,932,043 shares of Common Stock by Flawless Management Inc.
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Imperial Petroleum Inc. (IMPP) announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on January 2, 2024. The dividend payment relates to the period from September 30, 2023, through December 29, 2023, with 795,878 Series A Preferred Shares outstanding.
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Imperial Petroleum Inc. (NASDAQ: IMPP) has repurchased 2,457,989 Class C Warrants and 693,335 Class D Warrants from institutional investors for $0.85 million.
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IMPERIAL PETROLEUM INC. announces Q3 23’ financial results with net income of $12.1 million and revenues of $29.4 million. Cash and cash equivalents of $125.9 million, 3 times higher than market cap. Share buyback program and repurchase of outstanding warrants. Nine months 2023 results show net income of $64.7 million and revenues of $153.8 million.
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Imperial Petroleum Inc. to release Q3 and 9-month financial results and host conference call
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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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FAQ
What is the current stock price of Imperial Petroleum 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (IMPPP)?
The current stock price of Imperial Petroleum 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (IMPPP) is $25.66 as of December 23, 2024.
What does Imperial Petroleum Inc specialize in?
Imperial Petroleum Inc provides seaborne transportation services to oil producers, refineries, and commodities traders.
How many vessels does Imperial Petroleum Inc own and operate?
Imperial Petroleum Inc owns and operates a fleet of six medium-range product tankers and is set to acquire two additional tankers.
Where are the shares of Imperial Petroleum Inc listed?
The shares of Imperial Petroleum Inc are listed on the Nasdaq Capital Market under the symbols “IMPP” and “IMPPP.”
What is the total capacity of Imperial Petroleum Inc's fleet after the acquisition of additional tankers?
Imperial Petroleum Inc's fleet will consist of eleven vessels with an aggregate capacity of 791,716 deadweight tons.
What kind of products does Imperial Petroleum Inc transport?
Imperial Petroleum Inc carries refined petroleum products, edible oils, and chemicals.
How can I contact Imperial Petroleum Inc for further information?
You can reach out to Fenia Sakellaris at info@imperialpetro.com for any inquiries regarding Imperial Petroleum Inc.
Where is Imperial Petroleum Inc headquartered?
Imperial Petroleum Inc is based out of 4180 Luna Pier Rd, Luna Pier, Michigan, United States.
What are the symbols for Imperial Petroleum Inc's common stock and preferred stock?
The symbols for Imperial Petroleum Inc's common stock and preferred stock are “IMPP” and “IMPPP” respectively.
What is the core business of Imperial Petroleum Inc?
Imperial Petroleum Inc's core business involves providing seaborne transportation services for petroleum products, crude oil, and drybulk commodities.
What recent expansion plans has Imperial Petroleum Inc announced?
Imperial Petroleum Inc has announced the acquisition of two additional tankers, expanding its fleet and capacity.
Imperial Petroleum Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares
Nasdaq:IMPPP
IMPPP Rankings
IMPPP Stock Data
795.88k
0.7%
Oil & Gas Midstream
Industrial Organic Chemicals
United States of America
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