Imperial Petroleum Inc. (IMPP) Reports Q1 Results

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Go back to Imperial Petroleum Inc. (IMPP) Reports Q1 Results

Imperial Petroleum Inc. Reports Record Net Income of $35.7 Million for the First Quarter of 2023 Financial and Operating Results

May 8, 2023 9:10 AM EDT

ATHENS, Greece, May 08, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the Company), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2023.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Fleet operational utilization of 85% in Q1 23 with 6 days of technical off hire and 495 (54%) of our fleet days dedicated to spot activity.Delivery of 2 Handysize dry bulk carriers, the Glorieuse and the Eco Wildfire, towards the end of March 2023 - expanding our... More