Operator

Good day, and thank you for standing by. Welcome to the Q1 2026 Imperial Petroleum Results Conference Call. [Operator Instructions] Please be advised that this conference is being recorded.

I would now like to hand the conference over to your speaker today, Imperial Petroleum CEO, Mr. Harry Vafias. Please go ahead.

Harry Vafias
CEO, President & Chairman

Good morning, everyone, and thank you all for joining us for our first quarter '26 conference call of Imperial Petroleum. I'm Harry Vafias, the CEO of Imperial Petroleum. And joining me on the call today is Ms. Sakellari, who will be discussing our financial performance.

Before we commence our discussion, we'd like all to read the safe harbor disclaimer on Slide 2. In essence, it's made clear that this presentation may contain some forward-looking statements as defined by the Private Securities Litigation Act. We raise the attention of our investors the fact that such forward-looking statements are based upon the current beliefs and expectations of Imperial Petroleum and are subject to risks and uncertainties which could cause future results to differ materially from these forward-looking statements.

In addition, we'd like to clarify that during this call, we will quote monetary amounts, unless explicitly stated otherwise, all in U.S. dollars.

In Slide 3, we summarize our key operational and financial highlights for Q1 '26. The year '26 commenced in an extremely favorable way for Imperial Petroleum. Our enhanced fleet of tankers and drybulk ships fully capitalized upon the firm rates prevailing throughout the period. This quarter, with revenues of $61.7 million and a net income of $28 million, we marked our second best quarterly performance in our history. We view our results as