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IMPP

Imperial Petroleum Inc.

IMPP

Imperial Petroleum Inc. • NASDAQ
$4.69 ▼ -21.83% (-1.31)
Market Cap $163.42 M
52w High $6.57
52w Low $2.12
Dividend Yield 0%
P/E 4.74
Volume 2.78M
Outstanding Shares 34.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $36.349M ▲ $1.63M ▼ $12.759M ▲ 35.103% ▼ $0.38 ▲ $19.344M ▲
Q1-2025 $32.092M ▲ $1.689M ▼ $11.291M ▲ 35.183% ▲ $0.32 ▲ $16.9M ▲
Q4-2024 $26.212M ▼ $5.907M ▲ $3.918M ▼ 14.947% ▼ $0.1 ▼ $8.661M ▼
Q3-2024 $33.023M ▼ $1.637M ▲ $10.061M ▼ 30.467% ▼ $0.32 ▼ $14.465M ▼
Q2-2024 $47.042M $1.578M $19.524M 41.503% $0.7 $23.738M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $212.19M ▼ $594.779M ▲ $149.371M ▲ $445.408M ▲
Q1-2025 $227.421M ▲ $483.045M ▲ $50.633M ▲ $432.412M ▲
Q4-2024 $206.732M ▲ $449.505M ▲ $28.837M ▲ $420.668M ▲
Q3-2024 $199.17M ▲ $444.328M ▲ $28.261M ▲ $416.067M ▲
Q2-2024 $129.751M $412.581M $13.776M $398.805M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $12.759M ▲ $21.347M ▲ $17.042M ▼ $-37.225M ▼ $1.163M ▼ $21.322M ▲
Q1-2025 $11.291M ▲ $20.677M ▲ $38.402M ▲ $-342.616K ▼ $58.737M ▲ $20.673M ▲
Q4-2024 $3.918M ▼ $9.079M ▼ $-108.409M ▼ $-35.486K ▼ $-99.365M ▼ $9M ▼
Q3-2024 $10.061M ▼ $29.315M ▲ $61.765M ▲ $6.329M ▲ $97.41M ▲ $27.579M ▲
Q2-2024 $19.524M $20.658M $12.385M $1.365M $34.407M $20.058M

Revenue by Products

Product Q2-2022Q4-2022
Bareboat Revenues
Bareboat Revenues
 $0 ▲$0 ▲
Time Charter Revenues
Time Charter Revenues
 $10.00M ▲$20.00M ▲
Voyage Charter Revenues
Voyage Charter Revenues
 $0 ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Imperial Petroleum has shifted from loss-making in its early days to consistently profitable over the last few years. Revenue has grown steadily from a very small base, and profitability has improved along with it, suggesting better fleet utilization and stronger freight markets. Margins look healthy for a shipping company, reflecting disciplined cost control and a focus on operating efficiency. That said, earnings per share look volatile, partly influenced by the reverse stock split and the company’s rapid scaling, and partly because shipping is a highly cyclical business where day rates can swing quickly. Overall, recent performance is solid but still heavily tied to market conditions rather than long-term contracts or recurring revenue.

Balance Sheet

Balance Sheet The balance sheet is a relative bright spot. Assets and shareholder equity have expanded as the fleet has grown, and the company currently carries no financial debt, which is unusual in such a capital‑intensive industry. This debt‑free stance gives it more resilience during downturns and reduces pressure from interest costs. Cash levels appear reasonable for a company of its size, adding another layer of safety. The trade‑off is that growth is more dependent on internally generated funds or equity rather than easy borrowing, and the asset base is concentrated in vessels whose values can move with shipping cycles and regulatory changes.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, indicating that the core business is generating real cash rather than just accounting profits. However, the company is investing heavily in its fleet, so cash used for capital expenditures has been sizable. As a result, free cash flow has been uneven: sometimes solidly positive, sometimes close to breakeven or negative when investment spikes. This pattern is typical for a growing shipping operator but means that cash generation can look quite strong in quiet investment years and much weaker during fleet expansion phases. Future flexibility will depend on balancing growth ambitions with maintaining a cash cushion.

Competitive Edge

Competitive Edge Imperial Petroleum operates in a very competitive, largely commoditized shipping market where many players offer similar services. Its primary differentiator is financial, not operational: a debt‑free structure in an industry often burdened with heavy borrowing. This can make the company more resilient in downturns and more opportunistic when vessel prices fall. The fleet is described as modern and versatile, which should help on efficiency and regulatory compliance, but there is no clear indication of a unique service or technology advantage. The company remains relatively small versus global peers, so its bargaining power and brand recognition are limited, and its performance will be highly sensitive to freight rates and fleet deployment decisions.

Innovation and R&D

Innovation and R&D The company’s strategy today is not centered on breakthrough technology or formal research and development; instead, it focuses on acquiring and operating modern, efficient vessels. Any innovation is mainly incremental—better hull designs, fuel‑efficient engines, and operational optimization—rather than proprietary systems. Its main “innovation” is really its financial model: growing a fleet without using debt. Over time, regulatory pressures on emissions and fuel standards may push Imperial toward more explicit investment in green technologies and digital optimization, but based on current information, technology is a supporting tool rather than a core strategic pillar.

Summary

Imperial Petroleum has rapidly transitioned from a small, loss‑making newcomer to a profitable, growing shipping company with a clean balance sheet. The strengths are clear: improving earnings, consistent cash generation from operations, no financial debt, and a more substantial fleet than just a few years ago. The key risks are equally clear: exposure to highly cyclical shipping markets, dependence on asset values and freight rates, and an expansion strategy that requires ongoing capital outlays. Its edge is more about financial discipline and timing of fleet acquisitions than about unique technology or brand. Overall, it looks like a financially conservative operator in a volatile industry, with results that will largely follow the ups and downs of global oil and dry bulk shipping demand.

NEWS

September 12, 2025 · 9:20 AM UTC

Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

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September 5, 2025 · 9:20 AM UTC

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2025 Financial and Operating Results

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