Greece-based Imperial Petroleum's Q2 revenue falls 22.8%

Reuters
Sep 05
Greece-based <a href="https://laohu8.com/S/IMPP">Imperial Petroleum</a>'s <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls 22.8%

Overview

  • Imperial Petroleum Q2 25' rev declines 22.8% yr/yr due to weaker market rates

  • Co expands fleet from 12 to 19 vessels, boosting operational capacity

Outlook

  • Company expects favorable market rates for tankers and drybulk carriers in H2 2025

  • Company plans to utilize fleet at full speed in H2 2025

Result Drivers

  • FLEET EXPANSION - Co expanded fleet from 12 to 19 vessels, increasing operational capacity

  • WEAKER MARKET RATES - Decline in revenue attributed to weaker market rates for tankers

  • TIME CHARTER SHIFT - Increased time charter activity reduced spot market exposure, lowering voyage expenses

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$36.30 mln

Q2 Adjusted Net Income

$13.40 mln

Q2 Net Income

$12.80 mln

Q2 Adjusted EBITDA

$17.70 mln

Q2 EBITDA

$17.10 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the renewable fuels peer group is "buy"

  • Wall Street's median 12-month price target for Imperial Petroleum Inc is $5.50, about 37.1% above its September 4 closing price of $3.46

  • The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release: ID:nGNX9plW59

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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