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Imperial Petroleum, Inc. (IMPP)
NASDAQ:IMPP
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Imperial Petroleum
(NASDAQ:IMPP)
Rating:72Outperform
Price Target:―
Positive Factors
Cash Position
IMPP ended with $227.4M in cash and no debt, which is anticipated to fund the acquisitions of seven dry bulk ships.
Financial Performance
IMPP reported better results than expected due to the use of short-term tanker spot contracts to take advantage of periodic spikes in rates.
Negative Factors
Revenue
Revenue declined year-over-year as market rates were stronger last year due to higher demand for dry bulk and tanker cargoes.
Shipping Rates
The decrease in demand from China for dry bulk and oil has led to sharply lower shipping rates.
Imperial Petroleum (IMPP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$118.04M
Dividend YieldN/A
Average Volume (3M)124.93K
Price to Earnings (P/E)2.5
Beta (1Y)0.21
Revenue Growth-13.25%
EPS Growth-26.62%
CountryUS
Employees74
SectorEnergy
Sector Strength64
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)N/A
Shares Outstanding34,415,234
10 Day Avg. Volume109,668
30 Day Avg. Volume124,927
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap-1.21
Enterprise Value/Revenue-0.97
Enterprise Value/Gross Profit-2.61
Enterprise Value/Ebitda-2.12
Forecast
1Y Price Target
$5.50Price Target Upside60.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Imperial Petroleum Business Overview & Revenue Model
Company DescriptionImperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.
How the Company Makes MoneyImperial Petroleum, Inc. makes money by providing marine transportation services to oil and gas companies, refineries, and other industrial entities that require the movement of liquid cargoes. The company earns revenue primarily through the chartering of its vessels, which can be contracted on a time charter or spot charter basis. Time charters involve leasing vessels for a fixed period, providing steady and predictable income, while spot charters are typically shorter-term agreements that allow the company to capitalize on fluctuating market rates. Additionally, IMPP may engage in strategic partnerships with other shipping companies or stakeholders in the oil and gas industry to optimize fleet utilization and expand market reach. Factors such as global oil demand, fuel prices, and regulatory changes in maritime shipping can significantly influence the company's earnings.
Imperial Petroleum Earnings Call Summary
Earnings Call Date:Jul 23, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Oct 28, 2025
Earnings Call Sentiment Positive
Despite a challenging market environment with declining rates and geopolitical uncertainties, Imperial Petroleum achieved significant revenue and net income growth, maintained a strong cash position, expanded its fleet, and remained debt-free. The company's strategic decisions appear to be paying off, positioning it well for future growth.Q1-2025 Updates
Positive Updates
Revenue and Net Income Growth
Revenues increased by $5.9 million (22.5%) compared to Q4 '24, reaching $32.1 million, while net income rose by $7.4 million, an increase of almost 190%.
Strong Cash Position
Imperial Petroleum ended Q1 '25 with a cash base close to $227 million, which is about three times higher than its current market cap.
Fleet Expansion
Imperial Petroleum is expanding its fleet from four to 19 vessels by Q2 '25, with an addition of 7 ships, increasing fleet size by 60%.
Debt-Free Status
The company remains debt-free, contributing to its strong financial position and ability to generate profit.
Strategic Fleet Additions
Imperial Petroleum is adding dry bulk carriers to its fleet, which have lower operational costs and can contribute additional cash flow.
Negative Updates
Decline in Market Rates
Average rates for Suezmax and product tankers were about 25% lower than the same period last year, leading to a 22% decline in revenue compared to Q1 '24.
Trade and Geopolitical Uncertainties
U.S. tariffs, sanctions on tankers involved in Russian oil, and geopolitical factors such as the Russian-Ukraine war contributed to market volatility.
Uneven Revenue Generation
About 55% of revenues in Q1 '25 were generated in March, indicating uneven performance throughout the quarter.
Company Guidance
During the Q1 2025 conference call for Imperial Petroleum, the company provided a comprehensive update on its operational and financial performance, despite facing a volatile market environment influenced by geopolitical factors. CEO Harry Vafias and Interim CFO Fenia Sakellari reported a quarterly revenue of $32.1 million and a net income of $11.3 million, marking a 22.5% increase in revenue and a 190% rise in net income compared to Q4 2024. The company's strong cash position was emphasized, with $227 million in cash reserves, which is three times higher than its market cap, and a debt-free balance sheet. The fleet expansion strategy was highlighted, with the addition of seven new ships, increasing the fleet size to 19 vessels. Despite a 22% revenue decline compared to Q1 2024 due to lower market rates, Imperial Petroleum maintained profitability, driven by strategic fleet employment and an improved market in March 2025. The presentation also noted the impact of geopolitical events, such as U.S. sanctions and trade tariffs, on tanker rates, while operational efficiencies, including increased time charter activity, helped reduce voyage costs. Overall, the company expressed confidence in its growth trajectory and operational strategy, focusing on diversifying its fleet and capitalizing on market opportunities.Imperial Petroleum Financial Statement Overview
Summary
Imperial Petroleum demonstrates strong profitability and financial stability, with high profit margins and a robust balance sheet featuring a high equity ratio and minimal debt. However, the decline in revenue and free cash flow poses a challenge.Income Statement
Imperial Petroleum has shown strong revenue growth over the years with a significant increase in gross profit and net income. The 2024 annual report shows a gross profit margin of 45.7% and a net profit margin of 34.0%, indicating strong profitability. However, the revenue decreased from 2023 to 2024, suggesting a potential challenge in maintaining growth. EBIT and EBITDA margins are also healthy, supporting operational efficiency.75
Positive
Balance Sheet
The company exhibits a robust balance sheet with a high equity ratio of 93.6% in 2024, indicating strong financial stability and low reliance on debt. The return on equity (ROE) is impressive at 11.9%, showcasing effective use of equity to generate profits. The debt-to-equity ratio is negligible due to low total debt, reducing financial risk.80
Positive
Cash Flow
Cash flow analysis shows a decline in free cash flow from 2023 to 2024, with a free cash flow growth rate of -94.1%. The operating cash flow to net income ratio is favorable at 1.55, indicating strong cash generation relative to income. However, the decrease in free cash flow poses a potential liquidity concern.68
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 147.48M | 183.73M | 97.02M | 17.36M | 20.30M |
| Gross Profit | 50.40M | 73.37M | 32.64M | -2.34M | 367.66K |
| EBITDA | 67.55M | 88.58M | 43.41M | 5.18M | 8.25M |
| Net Income | 50.16M | 71.13M | 29.51M | -3.64M | -394.00K |
Balance Sheet | |||||
| Total Assets | 449.51M | 376.83M | 366.58M | 128.47M | 138.12M |
| Cash, Cash Equivalents and Short-Term Investments | 206.73M | 124.03M | 118.90M | 3.39M | 6.45M |
| Total Debt | 78.76K | 0.00 | 69.96M | 27.84M | 0.00 |
| Total Liabilities | 28.84M | 14.53M | 84.17M | 31.72M | 4.06M |
| Stockholders Equity | 420.67M | 362.31M | 282.41M | 96.75M | 134.06M |
Cash Flow | |||||
| Free Cash Flow | 3.02M | 51.39M | -77.78M | 5.10M | 8.14M |
| Operating Cash Flow | 77.70M | 79.53M | 40.90M | 5.24M | 8.87M |
| Investing Cash Flow | -106.65M | 12.29M | -186.68M | -142.60K | -728.00K |
| Financing Cash Flow | 4.81M | -57.40M | 196.95M | -6.37M | -9.33M |
Imperial Petroleum Technical Analysis
Positive
3.43
Price Trends
3.14
Positive
2.93
Positive
2.90
Positive
Market Momentum
0.06
Negative
71.15
Negative
90.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMPP, the sentiment is Positive. The current price of 3.43 is above the 20-day moving average (MA) of 3.13, above the 50-day MA of 3.14, and above the 200-day MA of 2.90, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 71.15 is Negative, neither overbought nor oversold. The STOCH value of 90.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IMPP.
Imperial Petroleum Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $118.04M | 2.55 | 11.07% | ― | -13.25% | -26.62% | |
65 Neutral | $15.54B | 7.27 | 2.96% | 5.23% | 4.26% | -62.58% | |
62 Neutral | $55.92M | 4.24 | 11.44% | ― | 3.93% | 3997.14% | |
53 Neutral | $164.70M | 11.05 | 3.66% | ― | -10.36% | -43.83% | |
| ― | $52.74M | 9.45 | 227.87% | 9.22% | ― | ― | |
54 Neutral | $66.83M | 21.54 | 6.98% | 3.23% | 45.14% | -59.41% | |
| ― | $46.58M | 4.75 | 82.21% | 18.43% | ― | ― |
* Energy Sector Average
Performance Comparison
IMPP
Imperial Petroleum
3.43
-0.99
-22.40%
AMPY
Amplify Energy
4.07
-3.06
-42.92%
CRT
Cross Timbers Royalty
8.80
-0.08
-0.90%
PVL
Permianville Royalty
1.98
0.27
15.79%
PED
Pedevco
0.61
-0.25
-29.07%
VOC
VOC Energy
2.71
-1.66
-37.99%
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.