Financial Performance - Revenues for Q2 2023 were $59.0 million, an increase of $47.7 million or 422.1% compared to Q2 2022[5] - Net income for Q2 2023 was $16.8 million, up by $16.7 million compared to Q2 2022[5] - Adjusted net income for Q2 2023 was $26.6 million, a 26,500% increase compared to Q2 2022[5] - For the first half of 2023, the company generated a net income of $52.6 million, corresponding to a basic EPS of $3.17[8] - Revenues for the first half of 2023 amounted to $124.5 million, an increase of $108.0 million or 654.5% compared to the same period in 2022[8] - Revenues surged from $11.35 million in Q2 2022 to $59.04 million in Q2 2023, marking a 419.5% increase[25] - Adjusted net income rose significantly from $85,719 in Q2 2022 to $26.61 million in Q2 2023, an increase of 30,974.5%[24] - EBITDA increased from $3.02 million in Q2 2022 to $21.03 million in Q2 2023, reflecting a growth of 594.5%[24] - Net income for the six-month period ended June 30, 2023, was $52,550,587, a significant increase from $304,101 in the same period of 2022, representing a growth of approximately 17,200%[27] Cash and Assets - Cash and cash equivalents as of June 30, 2023, were $98.6 million, with zero debt on the balance sheet[5] - Total assets as of December 31, 2023, amounted to $365.82 billion, an increase from $344.64 billion on June 30, 2022[26] - Current assets totaled $133.87 billion, with cash and cash equivalents at $50.90 billion[26] - Non-current assets reached $231.95 billion, with investments in related parties at $12.65 billion[26] - The company reported restricted cash of $5.60 billion, indicating liquidity management strategies[26] - The company has a total of $2.26 billion in inventories, which is crucial for operational efficiency[26] - Total cash, cash equivalents, and restricted cash at the end of the period decreased to $36,713,632 in 2023 from $82,121,446 in 2022, reflecting a decline of approximately 55.3%[27] Fleet and Operations - The average number of vessels owned during Q2 2023 was 11.8, compared to 6.0 vessels in Q2 2022[7] - Average number of vessels increased from 6.0 in Q2 2022 to 11.8 in Q2 2023, representing a 96.7% increase[19] - The number of owned vessels in the fleet increased from 8 at the end of Q2 2022 to 10 at the end of Q2 2023[19] - Total voyage days for the fleet increased from 539 in Q2 2022 to 1,044 in Q2 2023, a growth of 93.6%[19] - Fleet utilization decreased slightly from 99.4% in Q2 2022 to 97.4% in Q2 2023[19] - Total charter days for the fleet increased from 346 in Q2 2022 to 310 in Q2 2023, a decrease of 10.4%[19] Expenses and Liabilities - Total expenses rose from $11.08 million in Q2 2022 to $42.45 million in Q2 2023, an increase of 283.5%[25] - Current liabilities were reported at $24.38 billion, with trade accounts payable at $8.11 billion[26] - Total current liabilities included accrued liabilities of $1.98 billion and current portion of long-term debt at $10.17 billion[26] - The company incurred an impairment loss of $9.0 million related to the spin-off of two drybulk carriers to C3is Inc.[8] - The company reported an impairment loss of $8,996,023 in 2023, which was not present in the previous year, indicating potential challenges in asset valuation[27] Strategic Actions - The company sold its Aframax tanker to C3is Inc. for $43 million in July 2023[5] - CEO Harry Vafias indicated that the company is significantly undervalued with a fleet valued at approximately $225 million and about $100 million in cash[10] - Distribution of net assets of C3is Inc. to shareholders and warrantholders amounted to $20,957,952, indicating strategic asset management[27] Cash Flow and Financing - Cash flows from operating activities provided $63,816,346 in 2023, compared to $1,270,841 in 2022, indicating a substantial increase in operational efficiency[27] - Cash used in investing activities was $20,197,305 in 2023, a decrease from $79,022,533 in 2022, suggesting a reduction in capital expenditures[27] - Proceeds from equity offerings decreased to $12,095,253 in 2023 from $167,572,515 in 2022, indicating a decline in capital raising efforts[27] - Loan repayments increased significantly to $70,438,500 in 2023 from $2,402,000 in 2022, highlighting a shift in financing strategy[27] - Interest paid rose to $1,735,054 in 2023 from $305,349 in 2022, reflecting increased borrowing costs[27] - The company reported a non-cash financing activity of $185,000 related to dividends declared on Preferred Shares Series C in 2023[27]

IMPERIAL PETROLEUM INC. IMPERIAL PETROLEUM INC. REPORTS RECORD NET INCOME OF $35.7 MILLION FOR THE FIRST QUARTER OF 2023, FINANCIAL AND OPERATING RESULTS First Quarter 2023 Results: ATHENS, GREECE, May 8, 2023 - 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 HIGH ...

Imperial Petroleum Inc. (NASDAQ:IMPP) Q1 2023 Earnings Conference Call May 8, 2023 11:00 AM ET Company Participants Harry Vafias - Chief Executive Officer Ifigeneia Sakellari - Interim Chief Financial Officer Conference Call Participants Thomas Randall - Tribco Partners Scott Shepherd - Black Castle Jeff Friedrich - Imperial Petroleum Ross Haberman - RLH Investments Lance Gad - Gad Foundation Operator Good day, and thank you for standing by. Welcome to the Q1 2023 Imperial Petroleum Results Call. At this ti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41095 IMPERIAL PETROLEUM INC. (Exact name of Registrant as sp ...

IMPERIAL PETROLEUM INC. IMPERIAL PETROLEUM INC. REPORTS FOURTH QUARTER AND TWELVE MONTHS 2022 NET INCOME OF $13.8 AND $29.5 MILLION RESPECTIVELY, FINANCIAL AND OPERATING RESULTS ATHENS, GREECE, February 15, 2023—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 fourth quarter ended December 31, 2022. In November 2021, StealthG ...

Imperial Petroleum Inc. EARNINGS VISIBILITY Russian Crude Oil Exports by Destination Disclaimer Imperial Petroleum Inc. Oil Demand Growth 2023 (m b/d) Source: Braemar 0 0.2 0.4 0.6 0.8 1 1.2 USA Europe China Rest of APAC India Middle East FINANCIAL & OPERATING RESULTS Q4 22' February 15, 2023 • Revenues of $37.9 million in Q4 22'- up c.$ 34 million or 946% from Q4 21'. • Net income of $13.8 million in Q4 22'up compared to Q4 21'by 1,020%. • TCE revenues of $27.4 million in Q4 22'corresponding to an average ...

E x h i b i t 9 9 . 2 U p t o $ 3 0 , 7 9 2 , 5 0 0 S e c u r e d L o a n A g r e e m e n t D a t e d 2 5 N o v e m b e r, 2 0 2 2 ( 1 ) I n t e r c o n t i n e n t a l C r u d e a n d P r o d u c t E n t e r p r i s e s I n c . P e t r o l e u m Tr a d i n g a n d S h i p p i n g I n c . ( a s B o r r o w e r s ) ( 2 ) N a t i o n a l B a n k o f G r e e c e S . A . ( a s L e n d e r ) C o n t e n t s | P | a | g | e | S | e | c | t | i | o | n | 1 | I | n | t | e | rp | r | e | t | a | t | i | o | n | 2 | ...

Exhibit 99.1 IMPERIAL PETROLEUM INC. IMPERIAL PETROLEUM INC. REPORTS THIRD QUARTER AND NINE MONTHS 2022 FINANCIAL AND OPERATING RESULTS ATHENS, GREECE, October 24, 2022—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 third quarter ended September 30, 2022. In November 2021, StealthGas Inc. contributed to the Company four sub ...

Call Start: 11:00 January 1, 0000 11:33 AM ET Imperial Petroleum Inc. (NASDAQ:IMPP) Q1 2022 Earnings Conference Call June 14, 2022 11:00 ET Company Participants Harry Vafias - Chief Executive Officer Fenia Sakellaris - Chief Financial Officer Conference Call Participants Operator Thank you for standing by, and welcome to the Imperial Petroleum Q1 2022 Financial and Operating Results Conference Call and Webcast. At this time, all participants are in listen-only mode. [Operator Instructions] I must advise you ...

First Quarter 2022 Results: Exhibit 99.1 • As of June 10, 2022, we had raised $135 million in total net proceeds, after underwriting discounts, from our public offerings. In addition, on June 13, 2022, we entered into agreements for warrant exercises expected to result in additional net proceeds to us of $21 million. • On March 28, 2022, we took delivery of the product tanker Clean Nirvana. • Subsequent to March 31, 2022 we took delivery of three additional tanker vessels: the product tanker Clean Justice w ...