Welcome to our dedicated page for Imperial Petrole news (Ticker: IMPP), a resource for investors and traders seeking the latest updates and insights on Imperial Petrole stock.
Imperial Petroleum Inc (IMPP) provides essential seaborne transportation services for refined petroleum products and chemicals through its specialized fleet operations. This centralized news resource offers investors and industry professionals timely updates on corporate developments within the global energy logistics market.
Access comprehensive coverage of IMPP's operational milestones including fleet expansions, regulatory compliance achievements, and strategic partnerships. Our curated news collection features verified press releases alongside market analysis relevant to maritime fuel transportation and commodities logistics.
Key updates include contract announcements with oil producers, operational efficiency reports, and industry participation in energy supply chain initiatives. The content maintains focus on IMPP's core competencies in medium-range product tanker management and international shipping operations.
Bookmark this page for streamlined access to IMPP's evolving market position and operational updates. Regularly updated content ensures stakeholders remain informed about this critical player in petroleum product transportation.
Imperial Petroleum (Nasdaq: IMPP) has declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on March 31, 2025 to shareholders of record as of March 26, 2025.
The dividend covers the period from December 30, 2024, through March 29, 2025. Currently, there are 795,878 Series A Preferred Shares outstanding, trading on the Nasdaq Capital Market under the symbol 'IMPPP'. The company operates in the maritime sector, providing transportation services for petroleum products, crude oil, and drybulk cargo.
Imperial Petroleum (NASDAQ: IMPP) reported its Q4 and full-year 2024 financial results. Q4 revenues decreased 12.4% to $26.2 million compared to Q4 2023, with net income of $3.9 million versus $6.5 million in Q4 2023. The company experienced a $3.3 million foreign exchange loss in Q4 2024.
For the full year 2024, revenues declined 19.7% to $147.5 million, while net income reached $50.2 million. The company maintained strong liquidity with cash and cash equivalents of $206.7 million as of December 31, 2024, a 66.7% increase from the previous year. The company operates debt-free with a fleet operational utilization of 86.0% in Q4 2024.
The company recently added the product tanker Clean Imperial on January 10, 2025, bringing its tanker fleet to nine ships. IMPP has also contracted to acquire seven Japanese-built drybulk carriers, expected for delivery between February and May 2025.
Imperial Petroleum Inc., a shipping company specializing in petroleum products, crude oil, and drybulk seaborne transportation services, has announced its schedule for the release of Q4 and full-year 2024 financial results. The results will be released before the New York market opens on February 13, 2025.
The company will host a conference call at 10:00 am ET on the same day, where management will discuss the results, operations, and outlook. Participants must pre-register to receive dial-in numbers and a personal PIN. Additionally, a live webcast will be available through the company's website, with participants advised to register approximately 10 minutes before the start.
Imperial Petroleum (Nasdaq: IMPP), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, has announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on December 30, 2024 to shareholders of record as of December 24, 2024. This payment covers the period from September 30, 2024, through December 29, 2024. Currently, there are 795,878 Series A Preferred Shares outstanding, trading under the symbol 'IMPPP' on the Nasdaq Capital Market.
Imperial Petroleum reported Q3 2024 financial results with revenues of $33.0 million, up 12.2% from Q3 2023. Net income was $10.1 million, compared to $12.1 million in Q3 2023. The company's fleet operational utilization decreased to 65.6% from 70.5% year-over-year. Cash and cash equivalents reached nearly $200 million, a 58.7% increase from September 2023. For the nine months ended September 2024, total net income was $46.2 million with operating cash flows of $68.0 million. The company maintains zero debt and has contracted to acquire new vessels expected for delivery in early 2025.
Imperial Petroleum has scheduled the release of its Q3 and nine months 2024 financial results for December 2, 2024, before the New York market opens. The company will host a conference call at 10:00 am ET on the same day to discuss results, operations, and outlook. The event will include a live webcast through the company's website, and participants must pre-register to receive dial-in numbers and a personal PIN for call access.
IMPERIAL PETROLEUM INC. (Nasdaq: IMPP) has announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 25, 2024. This payment covers the period from June 30, 2024, to September 29, 2024. Currently, there are 795,878 Series A Preferred Shares outstanding. These shares are traded on the Nasdaq Capital Market under the ticker symbol 'IMPPP'. IMPERIAL PETROLEUM INC. is a ship-owning company that provides transportation services for petroleum products, crude oil, and drybulk cargo.
Imperial Petroleum Inc. (NASDAQ: IMPP) reported its Q2 and H1 2024 financial results. Key highlights include:
- Q2 2024 revenues of $47.0 million, up 14.1% from Q1 2024 but down 20.3% year-over-year
- Q2 2024 net income of $19.5 million, up $2.8 million from Q1 2024 and $2.7 million year-over-year
- Cash and cash equivalents of $129.8 million as of June 30, 2024
- Fleet operational utilization of 80.9% in Q2 2024
- Delivery of handysize drybulk carrier Neptulus on August 24, 2024
- Receipt of $39 million from C3is Inc. on July 15, 2024, increasing current cash balance to nearly $190 million
The company's performance was driven by strong product tanker markets west of Suez. CEO Harry Vafias noted the company's recurring profitability, strong cash position, and zero leverage provide flexibility for future growth.
Imperial Petroleum Inc. (IMPP), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, has announced the release date for its second quarter and six months 2024 financial results. The company will disclose its financial performance for the period ended June 30, 2024, before the New York market opens on August 27, 2024.
Following the release, Imperial Petroleum's management will host a conference call at 11:00 am ET on August 27, 2024, to discuss the results, operations, and outlook. Interested participants can pre-register for the call using a provided link to receive dial-in numbers and a personal PIN. Additionally, a live webcast of the conference call will be available through the company's website, with archived access afterwards.
IMPERIAL PETROLEUM (Nasdaq: IMPP) has announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid on July 1, 2024, to shareholders on record as of June 26, 2024. The dividend covers the period from March 30, 2024, to June 29, 2024. There are currently 795,878 Series A Preferred Shares outstanding, which trade on the Nasdaq Capital Market under the ticker 'IMPPP.'
