Greece-based Imperial Petroleum's Q2 revenue falls 22.8%

Imperial Petroleum

05/09/2025 14:31

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.)