Imperial Petroleum Inc (IMPP) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: Yahoo! Finance
Imperial Petroleum Inc ( NASDAQ:IMPP ) achieved a profit of close to $11 million in Q3 2024 despite a challenging market environment. The company reported a significant improvement in profitability, with adjusted net income increasing by 142% compared to Q3 2023. Imperial Petroleum Inc ( NASDAQ:IMPP ) maintains a strong liquidity position with approximately $200 million in cash and zero debt. The company generated $68 million in operating cash flow for the nine months of 2024, showcasing robust cash flow generation. Imperial Petroleum Inc ( NASDAQ:IMPP ) has a flexible capital structure with high liquidity and minimal liabilities, positioning it well to weather market conditions. The market environment was unexciting and seasonally weak, with a decline in prevailing rates for both product and Suezmax tankers. Operational utilization was low at 65.6%, impacted by dry docking and minor incidents involving their product tankers. Spot rates for product tankers and Suezmaxes
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News
- IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred SharesGlobeNewswire
- IMPERIAL PETROLEUM INC. Reports Third Quarter and Nine Months 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- IMPERIAL PETROLEUM INC. Reports Third Quarter and Nine Months 2024 Financial and Operating ResultsGlobeNewswire
- Imperial Petroleum Inc (IMPP) Q3 2024 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum Inc. Announces the Date for the Release of Third Quarter and Nine Months 2024 Financial and Operating Results, Conference Call and WebcastGlobeNewswire
IMPP
Sec Filings
- 12/3/24 - Form 424B3
- 12/3/24 - Form 424B3
- 12/3/24 - Form 424B3
- IMPP's page on the SEC website