Imperial Petroleum Inc. Reports Second Quarter and Six Months 2024 Financial and Operating Results
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Aug. 27, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 80.9% in Q2 24’- a stable performance when compared to the 80.6% utilization achieved in Q1 24’. In Q2 23’ our operational utilization was lower in the order of 75.4%.79.5% of fleet calendar days equivalent to 744 days in Q2 24’ were dedicated to spot activity.Delivery from an affiliated entity of the handysize drybulk carrier, the Neptulus (2012 built), on August 24, 2024Revenues of $47.0 million in Q2 24’ compared to $41.2 million in Q1 24’ equivalent to a 14.1% rise- and $59.0 million of revenues in Q2 23’.Net income of $19.5 million in Q2 24’- our second best performance
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News
- Retail investors account for 44% of Imperial Petroleum Inc.'s (NASDAQ:IMPP) ownership, while private companies account for 32% [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum: Downgrading On Aggressive Move Into Dry Bulk - Hold [Seeking Alpha]Seeking Alpha
- 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
IMPP
Sec Filings
- 11/8/24 - Form SC
- 10/29/24 - Form SC
- 9/30/24 - Form 424B3
- IMPP's page on the SEC website