Greece's Imperial Petroleum Q3 revenue up 25.5% yr/yr

Imperial Petroleum

11/12/2025 14:31

Overview

Greece-based ship-owning firm's Imerpial Petroleum's Q3 revenue rose 25.5% yr/yr

Adjusted EPS for Q3 was flat from a year ago

Company raised $60 mln for fleet expansion through equity offering

Outlook

Company plans to use $60 mln capital raise for fleet expansion

Imperial Petroleum sees solid market rates for tankers and drybulk in upcoming quarters

Company aims for better performance in Q4 2025 with debt-free balance sheet

Result Drivers

FLEET EXPANSION - Integration of seven drybulk vessels increased fleet calendar days by 36.1% compared to Q2, boosting revenue and operational utilization

TIME CHARTER SHIFT - Increased time charter activity reduced voyage expenses, as 75% of fleet calendar days were dedicated to time charters

OPERATIONAL UTILIZATION - Fleet operational utilization improved to 88.7% in Q3 25' from 65.6% in Q3 24', enhancing income and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$41.42 mln
$41.50 mln (1 Analyst)
Q3 Adjusted EPS
Beat
$0.32
$0.11 (1 Analyst)
Q3 Adjusted Net Income
Beat
$11.80 mln
$3.90 mln (1 Analyst)
Q3 Net Income
$11 mln
Q3 Adjusted EBITDA
Beat
$18.70 mln
$10.20 mln (1 Analyst)
Q3 EBITDA
$17.90 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $6.00, about 33.9% above its December 10 closing price of $4.48

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

Press Release: ID:nGNXCvyY9

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(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.)