Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Feb. 13, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational utilization of 68.5% in Q4 23’ mainly due to vessel repositioning for commercial reasons and the drydocking of two vessels.76% of fleet calendar days equivalent to 629 days in Q4 23’ were dedicated to spot activity.Revenues of $29.9 million in Q4 23’ compared to $37.9 million in Q4 22’ mainly due to a lower average number of vessels and softer market conditions, particularly in the East.Net Income of $6.5 million in Q4 23’ compared to net income of $13.8 million in Q4 22’.Revenues of $183.7 million in 12M 23’, an $86.7 million or 89.4% increase compared to 12M 22’, due to
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News
- IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred SharesGlobeNewswire
- Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum Inc. Announces the Date for the Release of Fourth Quarter and Twelve Months 2023 Financial and Operating Results, Conference Call and WebcastGlobeNewswire
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Analyst Actions
- 2/27/24 - MAXIM
IMPP
Sec Filings
- 5/2/24 - Form EFFECT
- 5/2/24 - Form EFFECT
- 5/2/24 - Form EFFECT
- IMPP's page on the SEC website