Imperial Petroleum Inc. Reports First Quarter 2024 Financial and Operating Results
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: GlobeNewswire
ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today its unaudited financial and operating results for the three months ended March 31, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 80.6% in Q1 24’, an improved performance compared to Q4 23’, mainly due to a 29.3% (65 days) decrease in commercial idle days. In Q1 23’our operational utilization was 85.0%.75.0% of fleet calendar days, equivalent to 671 days, in Q1 24’ were dedicated to spot activity.Revenues of $41.2 million in Q1 24’, compared to $29.9 million in Q4 23’, equivalent to a 37.8% rise and $65.4 million of revenues in Q1 23’.Net Income of $16.7 million in Q1 24’ compared to net income of $6.5 million in Q4 23’ equivalent to a 157% increase- and net income of $35.7 million in Q1 23’.Cash and cash equivalents and tim
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News
- IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred SharesGlobeNewswire
- Imperial Petroleum Second Quarter 2024 Earnings: EPS: US$0.70 (vs US$0.90 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum: Good Quarter, Pristine Balance Sheet, Discounted Valuation - Buy [Seeking Alpha]Seeking Alpha
- Imperial Petroleum Inc. (IMPP) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Imperial Petroleum Inc. Reports Second Quarter and Six Months 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
IMPP
Sec Filings
- 9/20/24 - Form 424B3
- 9/20/24 - Form 424B3
- 9/20/24 - Form 424B3
- IMPP's page on the SEC website