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/Mis Actual Consensu

s s

Estimate

Q2 $36.30

Revenue mln

Q2 $13.40

Adjusted mln

Net

Income

Q2 Net $12.80

Income mln

Q2 $17.70

Adjusted mln

EBITDA

Q2 $17.10

EBITDA 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 ( IMPP ) 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:

(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.)