Want to see IMPP full AI Analyst Report?
Top Page
Imperial Petroleum
(NASDAQ:IMPP)
Select Model
Select Model
Rating:84Outperform
Price Target:
$5.50
▲(29.41% Upside)
Action:Reiterated
Date:05/24/26
Score is driven primarily by strong financial performance (high profitability, strong FCF, and near-zero leverage) and an attractive valuation (very low P/E). Technicals are supportive with a clear uptrend, though momentum is near overbought levels. Earnings call commentary remains constructive but highlights key risks around rate/geopolitical volatility, rising costs, and upcoming vessel-related cash commitments.
Positive Factors
Balance Sheet Strength
Imperial's exceptionally conservative balance sheet and ~ $213M cash provide durable financial flexibility. Low leverage reduces refinancing and interest risk, supporting vessel deliveries, opportunistic buybacks, and ability to weather shipping downturns without forced asset sales or urgent external financing.
Negative Factors
Cyclical Cash Flow Volatility
Shipping earnings and free cash flow have shown material multi-year swings, reflecting sector cyclicality. Such volatility can strain planning, delay buybacks or capex in down cycles, and make multi-quarter profitability projections uncertain despite recent strong cash conversion in the current cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Imperial's exceptionally conservative balance sheet and ~ $213M cash provide durable financial flexibility. Low leverage reduces refinancing and interest risk, supporting vessel deliveries, opportunistic buybacks, and ability to weather shipping downturns without forced asset sales or urgent external financing.
Read all positive factors
Imperial Petroleum Key Performance Indicators (KPIs)
Any
Total Charter Days For Fleet
Measures the total days vessels are under charter, providing insight into contracted revenue stability and fleet demand.
Measures the total days vessels are under charter, providing insight into contracted revenue stability and fleet demand.
Data provided by:
The Fly
The FlyImperial Petroleum (IMPP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$211.86M
Dividend YieldN/A
Average Volume (3M)292.29K
Price to Earnings (P/E)2.9
Beta (1Y)0.07
Revenue Growth37.77%
EPS Growth13.02%
CountryUS
Employees74
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.68
Shares Outstanding44,648,740
10 Day Avg. Volume212,602
30 Day Avg. Volume292,287
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.24
Price to Sales (P/S)0.78
P/FCF Ratio1.58
Enterprise Value/Market Cap0.54
Enterprise Value/Revenue0.60
Enterprise Value/Gross Profit1.75
Enterprise Value/Ebitda1.17
Forecast
1Y Price Target
$9.00Price Target Upside111.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.44
Revenue Forecast (FY)$269.00M
Imperial Petroleum Business Overview & Revenue Model
Company Description
Imperial Petroleum Inc. operates globally, offering maritime shipping solutions to a diverse clientele, including petroleum producers, refiners, and commodity traders. The company's vessels transport various goods such as refined petroleum product...
How the Company Makes Money
IMPP primarily makes money by chartering its tanker vessels to customers under commercial shipping agreements. Revenue is generated from (1) time charters, where a customer hires a vessel for a fixed period at an agreed daily hire rate, and (2) sp...
Imperial Petroleum Earnings Call Summary
Earnings Call Date:May 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operating and financial quarter driven by favorable tanker and dry-bulk market conditions, fleet expansion, high utilization, strong margin and cash balances. Key risks include elevated voyage and running costs, near-term vessel payment commitments (~$130M), geopolitical uncertainty that could reverse tanker rate strength, and a pronounced discrepancy between reported NAV and market valuation. On balance, reported achievements and cash/earnings strength materially outweigh the risks discussed.Positive Updates
Strong Revenue and Profitability
Revenues of $61.7M in Q1 26, up 21% vs Q4 25 and ~92% vs Q1 25; net income of $28M (second-best quarterly performance); operating income $26.5M (increase of $12.8M or 94% vs Q4 25 and $18.7M or 240% vs Q1 25); EBITDA $34.4M; basic EPS $0.60 (vs $0.32 in prior comparable period).
Negative Updates
Higher Voyage and Running Costs
Transcript reports a large increase in voyage costs (stated as "$12.8 trillion higher than in Q1 2020 5" in the call, attributed to ~25% higher spot days and increased Suez transits) and running costs of $11.3M (an increase of $4.1M vs prior period) due to fleet growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue and Profitability
Revenues of $61.7M in Q1 26, up 21% vs Q4 25 and ~92% vs Q1 25; net income of $28M (second-best quarterly performance); operating income $26.5M (increase of $12.8M or 94% vs Q4 25 and $18.7M or 240% vs Q1 25); EBITDA $34.4M; basic EPS $0.60 (vs $0.32 in prior comparable period).
Read all positive updates
Company Guidance
Management’s guidance focused on preserving strong liquidity, continuing the share buyback and completing a modest capex schedule while remaining debt‑free: cash and equivalents were ~$213M (management also referenced liquidity “in excess of $220M”), free cash generation remains “robust” (management reported operating cash flow of $387M in Q1), and capital commitments for seven vessels total ~$130M (≈$52M due by end‑Q3 2026 and ~$78M due by end‑2026/early‑2027). The company reiterated fleet growth and high utilization (21 vessels on the water now, five more to be delivered soon, overall utilization 88.7% — 87.8% tankers, 89.5% drybulk), with ~48% of the fleet currently on time charter and ~59% of calendar days in Q1 dedicated to time charters. Market assumptions driving guidance include TCEs of ~$43k/day for tankers and ~$16k/day for drybulk versus cash‑flow breakevens of ~$88.5k/day (tankers) and ~$6.5k/day (dry), current spot rate levels (end‑Q1 Suezmax >$200k/day, product tankers ~ $56–60k/day, drybulk ≈$20k/day), and macro risks from the US‑Iran‑Israel conflict (potential Strait of Hormuz reopening, inventory rebuilding, changes to Middle East output and sanctions on Iran). Management also highlighted valuation upside (NAV ≈ $13/share vs market ≈ $5/share, >60% discount to NAV vs ~20% peer average) and committed to using profits (Q1 revenue $61.7M; EBITDA $34.4M; net income $28M; EPS $0.60; net income margin ~45%) to support the balance sheet and shareholder returns.Imperial Petroleum Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 190.63M | 161.00M | 147.48M | 183.73M | 97.02M | 17.36M |
| Gross Profit | 65.04M | 46.21M | 50.40M | 73.37M | 32.64M | -2.34M |
| EBITDA | 97.49M | 78.23M | 67.55M | 88.58M | 43.41M | 5.18M |
| Net Income | 66.71M | 49.98M | 50.16M | 71.13M | 29.51M | -3.64M |
Balance Sheet | ||||||
| Total Assets | 600.43M | 547.41M | 449.51M | 376.83M | 366.58M | 128.47M |
| Cash, Cash Equivalents and Short-Term Investments | 212.60M | 179.05M | 206.73M | 124.03M | 118.90M | 3.39M |
| Total Debt | 287.00K | 0.00 | 78.76K | 0.00 | 69.96M | 27.84M |
| Total Liabilities | 41.46M | 16.59M | 28.84M | 14.53M | 84.17M | 31.72M |
| Stockholders Equity | 558.97M | 530.81M | 420.67M | 362.31M | 282.41M | 96.75M |
Cash Flow | ||||||
| Free Cash Flow | 95.69M | 79.07M | 3.02M | 51.39M | -77.78M | 5.10M |
| Operating Cash Flow | 97.45M | 80.78M | 77.70M | 79.53M | 40.90M | 5.24M |
| Investing Cash Flow | -44.20M | -35.07M | -106.65M | 12.29M | -186.68M | -142.60K |
| Financing Cash Flow | -111.93M | -107.72M | 4.81M | -57.40M | 196.95M | -6.37M |
Imperial Petroleum Technical Analysis
Neutral
4.25
Price Trends
5.02
Negative
4.76
Negative
4.61
Positive
Market Momentum
-0.07
Positive
44.64
Neutral
21.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMPP, the sentiment is Neutral. The current price of 4.25 is below the 20-day moving average (MA) of 4.83, below the 50-day MA of 5.02, and below the 200-day MA of 4.61, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 44.64 is Neutral, neither overbought nor oversold. The STOCH value of 21.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IMPP.
Imperial Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $211.86M | 2.90 | 13.38% | ― | 37.77% | 13.02% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | $139.54M | -38.44 | -5.44% | 13.52% | -3.16% | -313.41% | |
54 Neutral | $166.39M | 16.46 | 2.78% | ― | -21.23% | -41.25% | |
52 Neutral | $244.34M | -0.87 | -107.19% | ― | -4.90% | -2372.77% | |
47 Neutral | $103.46M | -1.18 | -277.83% | ― | -23.13% | -316.13% |
* Energy Sector Average
IMPP
Imperial Petroleum
4.81
1.55
47.55%
EPM
Evolution Petroleum
4.00
-0.41
-9.24%
GTE
Gran Tierra Energy
7.27
2.68
58.39%
AMPY
Amplify Energy
4.10
0.25
6.49%
EP
Empire Petroleum
2.58
-2.34
-47.53%
Imperial Petroleum Corporate Events
Imperial Petroleum Delivers Second-Best Quarter Ever as Fleet Growth and Tanker Rates Power Q1 2026
May 22, 2026
Imperial Petroleum reported on May 22, 2026 that first-quarter 2026 was the second-best quarter in its history, with revenues surging 92.2% year-on-year to $61.7 million and net income rising to $28 million, or $0.60 basic EPS. The strong performa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.