Imperial Petroleum Inc. (NASDAQ: IMPP) reported record financial results for the second quarter ending June 30, 2026.
Quarterly revenue reached an all-time high of $87.1 million. This figure exceeded the consensus estimate of $72.07 million. Revenue grew 139.9% year-over-year. The company reported $36.3 million in revenue for the same period in 2025.
Net income reached $34.8 million. This figure marks the second-highest quarterly profit in company history. Net income increased 171.9% year-over-year. The company earned $12.8 million in the second quarter of 2025.
Basic earnings per share reached $0.75. This result beat the anticipated $0.73.
Cash and equivalents increased to $245.2 million.