Imperial Petroleum Inc. Reports First Quarter 2024 Financial and Operating Results [Yahoo! Finance]
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: Yahoo! Finance
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 time deposits of $67.0 million as of March 31, 2024. On April 17, 2024, we agreed to sell our 2009 built aframax tanker Gstaad Grace II for
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IMPP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IMPP alerts
High impacting Imperial Petroleum Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
IMPP
News
- IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred SharesGlobeNewswire
- The one-year earnings decline is not helping Imperial Petroleum's (NASDAQ:IMPP share price, as stock falls another 12% in past week [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum: New Recovery Highs Following Strong Q1 Performance - Buy [Seeking Alpha]Seeking Alpha
- Imperial Petroleum Inc. Reports First Quarter 2024 Financial and Operating ResultsGlobeNewswire
- Imperial Petroleum Inc. Announces the Date for the Release of First Quarter 2024 Financial and Operating Results, Conference Call and WebcastGlobeNewswire
IMPP
Sec Filings
- 5/24/24 - Form 424B3
- 5/24/24 - Form 424B3
- 5/24/24 - Form 424B3
- IMPP's page on the SEC website