Imperial Petroleum reports Q2 adjusted EPS 38c vs. 73c last year

Reports Q2 revenue $36.3M vs. $47M last year. Fleet operational utilization of 83.1% in Q2 25′ versus 80.9% in Q2 24′. About 60% of fleet calendar days in Q2 25′ were dedicated to time charter activity while 36.8% to spot activity. CEO Harry Vafias Commented: “We are proud for completing our recent fleet expansion; this is an important milestone for us. Imperial Petroleum (IMPP) now operates a combined, diversified fleet of nine tankers and ten drybulk carriers- all non – Chinese built vessels. In terms of our financials, we remain profitable, debt free and as of the end of Q2 25′ we held about $212 million in cash. In the first half of 2025 we generated $24.1 million of net profit and $42 million of operating cash flow. Market rates for both tankers and drybulk carriers are currently favorable therefore we hope that we will be able to take advantage of the second half of 2025, utilize our fleet at full speed and produce even better results.”