IM
Imperial Petroleum Inc. Common Shares
IMPP
Reported:
Key takeaways
- Fleet expanded by 56% with the delivery of seven dry bulk ships, increasing total fleet book value to approximately $350 million.
- Achieved earnings per share of $0.36, marking a quarter-over-quarter improvement despite historically weak seasonality for tankers.
- 80% of the fleet under time charter, bolstering cash flow and minimizing idle time.
- Strong liquidity with $212.2 million in cash and cash equivalents, supporting ongoing operational stability.
- Market sentiment remains affected by geopolitical tensions, yet rates for both tankers and dry bulk vessels are above the ten-year averages, indicating a cautiously optimistic outlook for the remainder of 2025.