Imperial Petroleum Inc. · NASDAQ:IMPP
Imperial Petroleum — Q1 2026 Earnings Presentation
10 slides from Imperial Petroleum's earnings presentation, May 22, 2026
Slide 1: Q1 2026 Financial & Operating Results
Q1 2026 Financial & Operating Results May 22, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deeme
Slide 3: Key Highlights
Key Highlights Operations & Growth ❑ Fleet operational utilization of 88.7% in Q1 26’ versus 91.8% in Q4 25’. In Q1 25’ our operational utilization was 83.8%. ❑ Looking at our fleet sub-segments, operational utilization for Q1 26’ was 87.8% for our tanker fleet and 89.5% for our drybulk fleet. ❑ Abo
Slide 4: Fleet Employment Status
Fleet Employment Status ❑ About 48% of our fleet is currently under time charter employment; as customarily the majority of our drybulk vessels are on short TCs. ❑ We employ six product tankers and two suezmaxes in the spot market; one product tanker is under period employment up to September 2027.
Slide 5: Charter Rates
Charter Rates ❑ In Q1 26’ market rates surged for tankers and strengthened further for drybulk vessels. ❑ Even before the US – Iran- Israel conflict outbreak towards end of February, tanker rates were strong at the back of added OPEC supply and the return of Venezuelan cargoes. Looking at product ta
Slide 6: Tanker Market
Tanker Market • In Q1’ 2026 the disruption in the Middle East was the key focal point of the shipping industry, heavily affecting all shipping segments but especially tankers. Crude Tankers Hormuz Transit • The blockage of the strait of Hormuz has caused major trade disruptions; about 10% of the com
Slide 7: Drybulk Market
Drybulk Market 14% Global Shipment Volumes % Increase 12.40% 12% • Q1 26’ had a strong start in both volumes and rates in spite of the seasonal factors such (Jan- April 2026 vs Jan- April 2025) as the Chinese New Year which typically cause a market slowdown. 10% • Global shipment volumes increased y
Slide 8: Financial Results Q1 25’ & Q1 26’
Financial Results Q1 25’ & Q1 26’ Inc om e Statem ent Q1 Q1 Q1 25’ Vs Q1 26’ (Am ounts in USD'000s ) 2025 2026 • Revenues of $61.7 million up by 92% mainly due to our fleet expansion Voyage revenues 32,092 61,713 and an improvement in rates for both tankers and drybulk vessels. Voyage costs (10,456)
Slide 9: Financial Results 12M 25’ & Q1 26’
Financial Results 12M 25’ & Q1 26’ Balanc e Sheet • Free cash (incl. time deposits) as of March 31, 2026 of about $213 (Amounts in $'000s ) 12M 2025 Q1 2026 million. As s ets • Current cash base of c.$221 million. Cash & cash equivalents 5,772 71,781 • Flexible capital structure governed by liquidit
Slide 10: Financial Snapshot
Financial Snapshot Liquidity and Gearing Profitability, Growth and Values Market Considerations TCE for Q1 26’ per Will US – IRAN conflict continue? $221 million of cash fleet voyage day What will happen with to date c. $43,000 for tankers the Straits of Hormuz? c. $16,000 for drybulk Operating cash