Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 -0.00983606557377057
Stock impact report

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 Show less Read more
Impact Snapshot
Event Time:
IMPP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for IMPP alerts
Opt-in for
IMPP alerts

from News Quantified
Opt-in for
IMPP alerts

from News Quantified