Imperial Petroleum, Inc. (IMPP)
NASDAQ:IMPP
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Imperial Petroleum
(NASDAQ:IMPP)
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Rating:75Outperform
Price Target:
$5.00
▲(16.28% Upside)
Action:ReiteratedDate:04/01/26
The score is driven primarily by strong financial fundamentals (profitability turnaround and a near debt-free balance sheet) and very low valuation (P/E ~2.5). Earnings-call tone is positive with liquidity, utilization, and buyback support, but meaningful near-term capex commitments and geopolitical volatility add risk. Technicals are neutral-to-mixed and do not materially strengthen the overall view.
Positive Factors
Debt-free balance sheet
Imperial’s near‑debt‑free balance sheet materially reduces financial risk and increases strategic flexibility. With minimal leverage and a large equity base, the company can pursue organic fleet growth, absorb shipping-cycle shocks, fund capex or buybacks from cash, and avoid costly refinancing under stress.
Negative Factors
Large near-term capex
Substantial near‑term vessel payments will materially draw down cash or require financing despite current liquidity. These scheduled outflows compress optionality for additional buybacks or opportunistic investments, raise execution risk on deliveries, and could force leverage if market cash generation softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Imperial’s near‑debt‑free balance sheet materially reduces financial risk and increases strategic flexibility. With minimal leverage and a large equity base, the company can pursue organic fleet growth, absorb shipping-cycle shocks, fund capex or buybacks from cash, and avoid costly refinancing under stress.
Read all positive factors
Imperial Petroleum (IMPP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$191.99M
Dividend YieldN/A
Average Volume (3M)854.73K
Price to Earnings (P/E)2.5
Beta (1Y)0.08
Revenue Growth-9.98%
EPS Growth-19.48%
CountryUS
Employees74
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.39
Shares Outstanding44,648,740
10 Day Avg. Volume543,866
30 Day Avg. Volume854,727
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.24
Price to Sales (P/S)0.78
P/FCF Ratio1.58
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue0.93
Enterprise Value/Gross Profit3.24
Enterprise Value/Ebitda2.01
Forecast
1Y Price Target
$8.00Price Target Upside86.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.05
Revenue Forecast (FY)$239.58M
Imperial Petroleum Business Overview & Revenue Model
Company Description
Imperial 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 ...
How the Company Makes Money
Imperial Petroleum primarily makes money by leasing its tanker vessels to customers under charter arrangements. Key revenue streams include: (1) Time charter revenue, where a charterer hires a vessel for a set period and pays a fixed daily hire ra...
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 Earnings Call Summary
Earnings Call Date:Mar 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 16, 2026
Earnings Call Sentiment Positive
The call highlights strong top-line growth, meaningful profitability improvement, robust cash generation, successful and debt-free fleet expansion, and high fleet utilization — all driven by favorable tanker and drybulk market rates. Offsetting risks include rising voyage and running costs from fleet growth, significant near-term capital commitments, and elevated geopolitical and market volatility (notably the U.S.–Iran tensions) that could disrupt trade and insurance costs. Overall, positive operational and financial momentum is tempered by material short‑term cash commitments and geopolitical uncertainty.Positive Updates
Record Q4 Revenue and Strong YoY Growth
Q4 2025 revenues of $51.1 million, a 95% increase vs Q4 2024; net revenues for Q4 of ~$34.5 million, up 94% YoY.
Negative Updates
Higher Voyage Costs
Voyage costs in Q4 were $16.6 million, $8.0 million higher than Q4 2024, driven by increased fleet size and intensified ballasting activity (higher number of voyages) despite decreased spot activity.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Q4 Revenue and Strong YoY Growth
Q4 2025 revenues of $51.1 million, a 95% increase vs Q4 2024; net revenues for Q4 of ~$34.5 million, up 94% YoY.
Read all positive updates
Company Guidance
Management guided continued fleet growth and strong liquidity while cautioning about geopolitical risk: the fleet on the water is 20 ships (Post Marvel delivered Jan 12) with capital commitments for 7 vessels of ~$130M (≈$52M due by end‑Q3‑2026, ≈$78M by end‑2026) and another 6 deliveries planned in 2026 to bring the fleet toward ~26–30 vessels, all while remaining debt‑free; cash (including time deposits) was $179M at 12/31/25 and ~$198M today, FY‑2025 operating cash flow was $81M, EBITDA ~$71M and net income $50M (FY EPS $1.35), Q4 revenues were $51.1M (net revenues ~$34.5M), Q4 EBITDA $21.3M and Q4 net income $15M (Q4 EPS $0.37), Q4 fleet utilization was 91.8% (tankers 93.4%, drybulk 90.4%), commercial off‑hire days were cut 24.3% vs Q3, average Q4 TCE per voyage day ~ $27k (tankers) and ~$15k (drybulk), and management launched a $10M buyback (251,000 shares repurchased for $900k to date); they warned that the U.S.–Iran tensions (Strait of Hormuz arrivals down ~80% on Mar‑1) have already pushed Suezmax rates to ~ $180k/day (up 95% vs end‑Q4) and MR to ~ $50k/day (up 75%), and noted order‑book/age metrics (e.g., Suezmax OB 21% with 14.8% >20y; MR OB 14.8% with 16% >20y; Handysize OB 7.3% with 7.4% >20y; Supramax OB 9.5% with 9.8% >20y) will shape near‑term outlook.Imperial Petroleum Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 161.00M | 147.48M | 183.73M | 97.02M | 17.36M |
| Gross Profit | 46.21M | 50.40M | 73.37M | 32.64M | -2.34M |
| EBITDA | 64.95M | 67.55M | 88.58M | 43.41M | 5.18M |
| Net Income | 49.98M | 50.16M | 71.13M | 29.51M | -3.64M |
Balance Sheet | |||||
| Total Assets | 547.41M | 449.51M | 376.83M | 366.58M | 128.47M |
| Cash, Cash Equivalents and Short-Term Investments | 179.05M | 206.73M | 124.03M | 118.90M | 3.39M |
| Total Debt | 0.00 | 78.76K | 0.00 | 69.96M | 27.84M |
| Total Liabilities | 16.59M | 28.84M | 14.53M | 84.17M | 31.72M |
| Stockholders Equity | 530.81M | 420.67M | 362.31M | 282.41M | 96.75M |
Cash Flow | |||||
| Free Cash Flow | 79.07M | 3.02M | 51.39M | -77.78M | 5.10M |
| Operating Cash Flow | 80.78M | 77.70M | 79.53M | 40.90M | 5.24M |
| Investing Cash Flow | -35.07M | -106.65M | 12.29M | -186.68M | -142.60K |
| Financing Cash Flow | -107.72M | 4.81M | -57.40M | 196.95M | -6.37M |
Imperial Petroleum Technical Analysis
Neutral
4.30
Price Trends
4.12
Positive
4.27
Positive
4.12
Positive
Market Momentum
0.03
Positive
47.84
Neutral
40.09
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 4.3 is below the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.12, and above the 200-day MA of 4.12, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 40.09 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $242.64M | 4.20 | 10.56% | ― | -9.46% | -144.89% | |
75 Outperform | $191.99M | 2.50 | 10.70% | ― | -9.98% | -19.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $155.42M | 28.10 | 4.46% | 13.52% | -2.23% | -104.00% | |
56 Neutral | $267.21M | -0.78 | -56.05% | ― | -1.58% | -271.90% | |
43 Neutral | $105.74M | -1.44 | -177.26% | ― | -15.13% | 17.34% |
* Energy Sector Average
IMPP
Imperial Petroleum
4.30
1.94
82.20%
EPM
Evolution Petroleum
4.44
0.66
17.37%
GTE
Gran Tierra Energy
7.57
3.82
101.87%
AMPY
Amplify Energy
5.88
3.41
138.06%
EP
Empire Petroleum
2.87
-2.75
-48.90%
Imperial Petroleum Corporate Events
Imperial Petroleum’s Fleet Expansion Nearly Doubles Q4 2025 Revenue and Triples Profit
Mar 6, 2026
Imperial Petroleum reported strong unaudited results on March 6, 2026 for the fourth quarter and full year ended December 31, 2025, driven by aggressive fleet expansion and improved utilization across its tanker and dry bulk vessels. Fleet operati...
Imperial Petroleum Launches $10 Million Share Buyback Program
Feb 9, 2026
Imperial Petroleum Inc., a Nasdaq-listed Greek tanker and drybulk shipping company, reported on February 9, 2026, that its board has approved a share repurchase program authorizing the buyback of up to $10 million of its common stock. The move, wh...
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.