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.)