Imperial Petroleum (NASDAQ:IMPP) announced its financial results for the third quarter (Q3) and nine months (9M) ended September 30, 2025, on December 11, 2025.
The company reported a strong performance with Q3 revenue of $41.4 million, reflecting a 25.5% year-over-year increase.
EBITDA for the quarter was $17.9 million, up 46.7% compared to the same period last year.
Operating income also saw a significant rise, reaching $10.3 million, a 71.7% increase from Q3 2024.
The company’s fleet calendar days for Q3 2025 increased by 36.1% compared to the previous quarter, with an average fleet of 19 vessels during the period.
Imperial Petroleum’s strong cash position was highlighted by $99.3 million in cash and time deposits as of September 30, 2025.
Following a $60 million registered direct equity offering completed on December 1, 2025, the company’s current cash position is approximately $172 million, with no debt as of September 30, 2025.