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0 -0.00245098039215681 -0.00735294117647065 -0.019828431372549 -0.00737745098039216 0.00367647058823543 0.0151960784313726 0
Stock impact report

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2024 Financial and Operating Results [Yahoo! Finance]

Imperial Petroleum Inc. - Common Shares (IMPP) 
Company Research Source: Yahoo! Finance
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, 2024 Revenues 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 thus far- up by $2.8 million when compared to Q1 24' and $2.7 million when compared to Q2 23'. Cash and cash equivalents including time depos Show less Read more
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