Imperial Petroleum Q4 Revenues Rise 95% to $51.1M, Net Income $15M
Imperial Petroleum increased Q4 2025 revenues to $51.1M, up 95% y/y, driving operating income to $13.7M and net income to $15.0M, boosts of 174% and 285%, respectively. The company raised fleet utilization to 91.8%, delivered a 20th vessel on Jan 12 and secured agreements to acquire three handysize drybulkers and one product tanker.
1. Q4 2025 Financial Results
In Q4 2025, revenues reached $51.1 million, a 95% increase year-on-year, driven by fleet expansion and stronger spot rates. Operating income rose 174% to $13.7 million, net income surged 285% to $15.0 million, and EBITDA climbed 233% to $21.3 million.
2. Fleet Operations and Utilization
Fleet operational utilization improved to 91.8% in Q4, up from 88.7% in Q3 and 86.0% in Q4 2024, while idle days dropped 24.3%. The drybulk fleet achieved 90.4% utilization and the tanker fleet 93.4%, with 71% of calendar days on time charters.
3. Full-Year 2025 Performance and Share Buyback
For the 12 months ended December 31, 2025, net income totaled $50.0 million, EBITDA reached $71.0 million, and operating cash flow was $80.8 million. Cash reserves stood at $179.1 million year-end (approximately $198 million currently), alongside a $10 million share repurchase program, of which $0.9 million has been deployed.
4. Vessel Deliveries and Acquisitions
The drybulk carrier Post Marvel was delivered on January 12, bringing the fleet to 20 vessels. The company also agreed in December 2025 to acquire three handysize drybulk carriers and one product tanker, further expanding capacity.