Imperial Petroleum (NASDAQ:IMPP), Inc. is a diversified energy and retail convenience company that operates across multiple segments, including wholesale fuel distribution, retail convenience stores and commercial cardlock fueling. Founded in 2005 and headquartered in Chevy Chase, Maryland, Imperial Petroleum has grown through strategic acquisitions and organic expansion to serve customers along the Mid‐Atlantic corridor. The company sources gasoline, diesel and biofuel blends from major refineries and transports these products via an owned fleet of tank trucks, supplying both independent dealers and national fuel marketers.
In its retail segment, Imperial Petroleum owns and operates a network of convenience stores under various banners, featuring fuel points, quick‐service food, coffee bars and essential merchandise. These stores aim to meet the on‐the‐go needs of commuters, local residents and commercial drivers, offering branded and unbranded fuels alongside prepared foods and grocery staples. Through its retail footprint, the company emphasizes high‐margin in‐store sales and loyalty programs designed to drive repeat business and increase fuel throughput.
At the same time, Imperial Petroleum’s commercial and industrial customers rely on its cardlock fueling stations, bulk deliveries and fleet management services. The company’s cardlock network provides secure, 24‐hour access to fuel for trucking fleets, construction companies and municipal agencies, supported by integrated payment technologies and online reporting tools. Imperial Petroleum also supplies heating oil and on‐road diesel to businesses and homeowners in select markets, positioning itself as a one‐stop energy supplier.
Over the years, Imperial Petroleum has expanded its presence through targeted acquisitions, including the purchase of several regional fuel distributors and convenience store chains. The leadership team, led by Chief Executive Officer Jane M. Beaumont and Chief Financial Officer Michael L. Carter, brings decades of industry experience in logistics, retail operations and energy marketing. Imperial Petroleum continues to pursue growth opportunities in existing markets while evaluating new territories, maintaining its focus on operational efficiency, customer service and incremental margin enhancement.
