Imperial Petroleum Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 59.04 million compared to USD 11.35 million a year ago. Net income was USD 16.83 million compared to USD 0.085719 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to basic loss per share from continuing operations of USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to diluted loss per share from continuing operations of USD 0.44 a year ago.
For the six months, sales was USD 124.47 million compared to USD 16.46 million a year ago. Net income was USD 52.55 million compared to USD 0.304101 million a year ago. Basic earnings per share from continuing operations was USD 3.17 compared to basic loss per share from continuing operations of USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 2.78 compared to diluted loss per share from continuing operations of USD 0.81 a year ago.