Imperial Petroleum Announces Management Estimate of Net Asset Value Per Share and Fleet Update
Key Highlights
- ➤Estimated NAV $691.1 million, or $14.93 per outstanding share
- ➤Fully diluted estimated NAV $11.72 per share, including warrant and option exercises
- ➤Three vessels delivered, expanding fleet to 24 vessels on the water
- ➤Additional handysize drybulk carrier contracted, bringing planned fleet to 25 vessels
- ➤Imperial Petroleum remains debt free with approximately 1.3 million dwt capacity
ATHENS, Greece, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, announced today that the Company’s management estimates Imperial Petroleum Inc’s Net Asset Value (“NAV”) to be $691.1 million. This translates to a NAV of $14.93 per common share currently outstanding and $11.72 per common share on a fully diluted basis (assuming exercise of outstanding warrants and options for cash),
The Company also announced that it has recently taken delivery of three additional vessels, for which it had previously announced acquisition agreements. The drybulk carrier Eco Cathar (2012 built) and the product tanker Clean Raider (2010 built) were delivered to the Company in late September 2026. The drybulk carrier Eco Nemesis (2015 built) was delivered to the Company in early October 2026. With these deliveries, Imperial Petroleum has a total of 24 vessels on the water.
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