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0 0 0.00598802395209581 -0.0568862275449102 -0.0449101796407187 -0.0299101796407187 -0.0389221556886227 -0.0745209580838323
Stock impact report

IMPERIAL PETROLEUM INC. Reports Third Quarter and Nine Months 2024 Financial and Operating Results

Imperial Petroleum Inc. - Common Shares (IMPP) 
Company Research Source: GlobeNewswire
ATHENS, Greece, Dec. 02, 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 third quarter and nine months ended September 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 65.6% in Q3 24’ versus 70.5% in Q3 23’.Increased idle time in Q3 24’ compared to the same period of last year mainly due to seasonal factors, the drydocking of a product tanker and the minor incident of one of our product tankers which, remained off hire for the whole of Q3 24’.Spot activity in Q3 24’ in the order of 65.7%, reduced compared to previous quarter, due to a rise in tanker time charter activity.Revenues of $33.0 million in Q3 24’ compared to $29.4 million in Q3 23’ equivalent to a 12.2% increase.Net income of $10.1 million in Q3 24’ compared to $12.1 million in Q Show less Read more
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