Imperial Petroleum Inc. (IMPP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Welcome to the Q1 2026 Imperial Petroleum Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that this conference is being recorded. I would now like to hand the conference over to your speaker today, Imperial Petroleum CEO, Mr. Harry Bafias. Please go ahead. Good morning, everyone, and thank you all for joining us for our first quarter 26 conference call of Imperial Petroleum. I'm Harry Vaches, the CEO of Imperial Petroleum, and joining me on the call today is Mr. Kalarik, who will be discussing our financial performance. Before we commence our discussion, I would like all to read the safe harbor disclaimer on slide 2. In essence, it is made clear that this presentation may contain some forward-looking statements as defined by the Private Securities Litigation Act. We raise the attention of our investors the fact that such forward-looking statements are based upon the time, beliefs and expectations of Imperial Petroleum and are subject to risk and uncertainty which could cause future results to differ materially from these forward-looking statements. In addition, we would like to clarify that during this call we will quote monetary amounts unless explicitly stated otherwise all in US dollars. In slide 3, we summarize our key operational and financial highlights for Q126. The year 26 commenced in an extremely favorable way for Imperial Petroleum. Our enhanced fleet of tankers and drive-up ships, fully capitalized upon the firm rates prevailing throughout the period. This quarter, with revenues of $61.7 million and a net income of $28 million, we marked our second best quarterly performance in our history. We view our results as a solid proof that our strategic decision to expand our fleet wa...