Research analysts who have asked questions during Imperial Petroleum Inc./Marshall Islands earnings calls.
Recent press releases and 8-K filings for IMPP.
Imperial Petroleum Announces Estimated Net Asset Value Per Share
IMPP
Guidance Update
New Projects/Investments
- Imperial Petroleum Inc. announced an estimated Net Asset Value (NAV) of $508.03 million as of September 30, 2025, pro forma for an equity offering completed on December 1, 2025.
- This estimated NAV translates to $11.38 per common share currently outstanding and $9.21 per common share on a fully diluted basis.
- The estimated NAV does not reflect agreements to acquire seven additional vessels entered into in August and December 2025.
- Harry Vafias, the company's CEO and Chairman, beneficially owns 30.1% of the outstanding Common Stock and has not sold any shares since the company's inception.
Dec 22, 2025, 2:10 PM
Imperial Petroleum Inc. announces vessel acquisition agreements
IMPP
New Projects/Investments
M&A
- Imperial Petroleum Inc. has entered into agreements to acquire one product tanker for $20.65 million and three handysize drybulk carriers for an aggregate of $57.26 million.
- These four vessels are being acquired from entities affiliated with Brave Maritime Corp Inc., with delivery expected between the second and third quarters of 2026.
- The company has the option to pay for the vessels one year after the purchase agreement date, without interest.
- Following these deliveries, Imperial Petroleum's fleet will total 26 vessels with an approximate aggregate capacity of 1.55 million dwt.
Dec 19, 2025, 10:00 PM
Imperial Petroleum Inc. Reports Strong Q3 and Nine Months 2025 Financial Results
IMPP
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Imperial Petroleum Inc. reported revenues of $41.4 million for Q3 2025, marking a 25.5% increase compared to Q3 2024, and net income of $11.0 million for the quarter.
- The company's EBITDA for Q3 2025 increased by 46.7% to $17.9 million.
- Operational highlights include the full integration of seven drybulk vessels in Q3 2025, which contributed to an 88.7% fleet operational utilization for the quarter.
- As of September 30, 2025, cash and cash equivalents, including time deposits, stood at $99.3 million, with a subsequent $60 million capital raise on December 1, 2025, intended for further fleet expansion.
Dec 12, 2025, 9:30 PM
Imperial Petroleum Reports Strong Q3 2025 Results and Announces Capital Raise
IMPP
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Imperial Petroleum reported Q3 2025 revenues of $41.4 million, marking a 25% increase compared to the same period last year, with net income of $11 million and basic earnings per share of $0.30. For the nine months of 2025, net income was $35 million and operating cash flow reached $57 million.
- The company's operating performance was significantly enhanced by the full integration of seven recently acquired dry bulk ships, leading to a 36.1% increase in fleet calendar days quarter-on-quarter and an 89% operational utilization in Q3 2025.
- On December 1st, Imperial Petroleum concluded a $60 million capital raise through a registered direct equity offering, with proceeds intended for further acquisitions to expand its fleet, ideally to 25 to 30 ships. The company maintains a debt-free balance sheet and reported $100 million in cash at the end of Q3 2025.
- Strong market rates in both the tanker and dry bulk segments, combined with 75% of voyage days under time charter in Q3 2025, contributed to the positive performance and a favorable outlook for the fourth quarter.
Dec 11, 2025, 3:00 PM
Imperial Petroleum Reports Strong Q3 2025 Results and Fleet Expansion
IMPP
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Imperial Petroleum reported strong Q3 2025 financial results, with revenues of $41.4 million, marking a 25% increase compared to Q3 2024, and net income of $11 million.
- The company's operating performance was significantly enhanced by the full integration of seven recently acquired dry bulk ships, leading to an 89% fleet operational utilization for Q3 2025 and a 36.1% increase in fleet calendar days quarter-on-quarter.
- Imperial Petroleum maintains a strong financial position with zero debt and a current cash base of $172 million, following a $60 million capital raise on December 1st, 2025, which is intended for further fleet acquisitions.
- The company anticipates continued strong performance in Q4 2025 due to favorable market rates in both tanker and dry bulk segments, with plans to expand its fleet to between 25 and 30 ships.
Dec 11, 2025, 3:00 PM
Imperial Petroleum Reports Strong Q3 2025 Results Driven by Fleet Expansion
IMPP
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Imperial Petroleum reported Q3 2025 revenues of $41.4 million, a 25% increase compared to Q3 2024, and a net income of $11 million, corresponding to a basic EPS of $0.30.
- The company's operating income for Q3 2025 significantly increased by 72% to $10.3 million compared to Q3 2024, primarily due to the full integration of seven recently acquired dry bulk ships.
- Imperial Petroleum maintains a strong financial position with $100 million in cash (including time deposits) as of September 2025 and zero debt. The company also completed a $60 million capital raise on December 1st, 2025, to fund further fleet expansion.
- The company noted strong market rates in both tanker and dry bulk segments, with Suezmax rates recently close to $80,000 a day and dry bulk rates for Supramaxes climbing to $16,000 a day in Q3 2025, leading to a favorable outlook for Q4.
Dec 11, 2025, 3:00 PM
Imperial Petroleum Inc. reports Q3 2025 financial and operational results
IMPP
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Imperial Petroleum Inc. reported revenues of $41.4 million in Q3 2025, a 25.5% increase from Q3 2024, and a net income of $11.0 million with basic EPS of $0.30.
- EBITDA for Q3 2025 was $17.9 million, marking a 46.7% increase compared to Q3 2024.
- The company completed the full integration of seven drybulk vessels in Q3 2025, contributing to a 36.1% increase in fleet calendar days and achieving an operational utilization of 88.7%.
- As of September 30, 2025, Imperial Petroleum held approximately $100 million in cash and cash equivalents including time deposits, and concluded a $60 million capital raise.
Dec 11, 2025, 3:00 PM
Imperial Petroleum Inc. Announces Pricing of $60.0 Million Registered Direct Offering
IMPP
- Imperial Petroleum Inc. announced a registered direct offering of 9,523,900 shares of common stock (or prefunded warrants) and accompanying Class F and Class G warrants to two institutional investors. The combined purchase price is $6.30 per share and accompanying warrants, with the warrants exercisable at $6.30 and expiring five years after issuance.
- The offering is expected to generate approximately $60.0 million in gross proceeds.
- The net proceeds from the offering are intended for working capital and general corporate purposes.
- The offering is anticipated to close on or about December 1, 2025.
Dec 1, 2025, 12:57 PM
Imperial announces third quarter 2025 financial and operating results
IMPP
Earnings
Dividends
Share Buyback
- Imperial reported third quarter 2025 net income of $539 million, or $1.07 per common share on a diluted basis, which includes a $306 million non-cash impairment charge and a $249 million restructuring charge. Excluding identified items, net income was $1,094 million.
- Cash flows from operating activities for the quarter increased to $1,798 million.
- The company returned $1,835 million to shareholders in the third quarter of 2025, consisting of $366 million in dividend payments and $1,469 million in share repurchases. A fourth quarter dividend of 72 cents per share was also declared.
- Upstream production reached 462,000 gross oil-equivalent barrels per day, marking the highest quarterly production in over 30 years, with Kearl achieving a record 316,000 total gross oil-equivalent barrels per day.
- Downstream operations maintained strong performance with refinery capacity utilization at 98 percent.
Oct 31, 2025, 11:55 AM
Imperial Announces Restructuring Plan
IMPP
Layoffs
Guidance Update
- Imperial announced a restructuring plan to enhance its strategy of increasing cash flow and delivering shareholder returns, leveraging technology and its relationship with ExxonMobil.
- The company anticipates achieving annual expense savings of $150 million by 2028.
- The restructuring is expected to reduce employee roles by approximately 20% by the end of 2027.
- A one-time restructuring charge of approximately $330 million before-tax is expected to be recorded in the third quarter of 2025.
- Imperial's corporate guidance for 2025 remains unchanged, and the company is committed to meeting or beating its production and cost targets.
Sep 29, 2025, 10:00 PM
Quarterly earnings call transcripts for Imperial Petroleum Inc./Marshall Islands.
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