Imperial Petroleum Inc. announces a $10 million share repurchase program approved by its Board of Directors.
Quiver AI Summary
Imperial Petroleum Inc. has announced a new share repurchase program approved by its Board of Directors, allowing the company to buy back up to $10 million of its common stock in open market or negotiated transactions at their discretion. The program remains flexible and can be suspended or ended at any time. The company operates a fleet of twenty vessels providing maritime transportation of petroleum and drybulk products, with plans to expand its fleet to a total of 26 vessels following the acquisition of additional ships. The company's shares are traded on the Nasdaq under the symbols "IMPP" and "IMPPP." The announcement includes forward-looking statements regarding the company's future strategies and performance, noting that actual results may vary due to uncertainties and risks.
Potential Positives
- The approval of a share repurchase program of up to $10,000,000 reflects the company's confidence in its financial position and commitment to return value to shareholders.
- Increasing the total number of vessels in the fleet to 26 with an aggregate capacity of about 1.5 million deadweight tons demonstrates significant growth and expansion in the company's operations.
- The company's shares are listed on the Nasdaq Capital Market, indicating a level of market credibility and visibility that can attract more investors.
Potential Negatives
- The approval of a share repurchase program may raise concerns among investors regarding the company's capital allocation strategy, suggesting potential instability in revenue generation or growth opportunities.
- The forward-looking statements disclaimer acknowledges significant uncertainties and contingencies, which could lead to skepticism about the company's future performance and strategic planning.
- The ability to suspend or discontinue the repurchase program at any time could create uncertainty about the company's commitment to shareholder value and raise questions about its financial stability.
FAQ
What is the approved share repurchase program by Imperial Petroleum?
Imperial Petroleum's Board has approved a program to repurchase up to $10 million of its common stock.
How will shares be repurchased by Imperial Petroleum?
Shares may be purchased in open market or privately negotiated transactions at times deemed appropriate by the Company.
What types of vessels does Imperial Petroleum own?
Imperial owns 20 vessels, including M.R. product tankers, suezmax tankers, and various drybulk carriers.
What is the total deadweight tonnage capacity of Imperial's fleet?
The current fleet has a total capacity of approximately 1,291,000 deadweight tons, expected to reach 1.5 million with upcoming acquisitions.
Where are Imperial Petroleum's stocks listed?
Imperial Petroleum's common stock is listed on the Nasdaq Capital Market under the symbol "IMPP."
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IMPP Hedge Fund Activity
We have seen 27 institutional investors add shares of $IMPP stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 384,005 shares (+1945.1%) to their portfolio in Q4 2025, for an estimated $1,390,098
- ACADIAN ASSET MANAGEMENT LLC added 273,523 shares (+79.4%) to their portfolio in Q3 2025, for an estimated $1,307,439
- SIMPLEX TRADING, LLC added 255,273 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,220,204
- JANE STREET GROUP, LLC added 245,024 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,171,214
- WEXFORD CAPITAL LP removed 232,557 shares (-12.8%) from their portfolio in Q3 2025, for an estimated $1,111,622
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 225,830 shares (+91.0%) to their portfolio in Q3 2025, for an estimated $1,079,467
- MERCER GLOBAL ADVISORS INC /ADV added 160,000 shares (+inf%) to their portfolio in Q3 2025, for an estimated $764,800
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$IMPP Analyst Ratings
Wall Street analysts have issued reports on $IMPP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Maxim Group issued a "Buy" rating on 09/10/2025
To track analyst ratings and price targets for $IMPP, check out Quiver Quantitative's $IMPP forecast page.
Full Release
ATHENS, Greece, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) today announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.
About Imperial Petroleum Inc.
IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of twenty vessels on the water - seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and a post panamax drybulk carrier - with a total capacity of approximately 1,291,000 deadweight tons (dwt) and has contracted to acquire an additional five handysize drybulk carriers and a product tanker of 223,700 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 26 vessels with an aggregate capacity of about 1.5 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements related to the Company’ share repurchase program and capital strategy, are forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include risks discussed in our filings with the SEC. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.
Company Contact:
Fenia Sakellaris
IMPERIAL PETROLEUM INC.
[email protected]
