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. (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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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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