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Fleet Operational Utilization Rate
Indicates how effectively the fleet is being used, highlighting potential revenue generation and operational efficiency.Utilization plunged from near-100% in early 2022 to the mid‑60s by late‑2023, then staged a durable recovery through 2024–25, reaching ~92% by year‑end 2025. That swing suggests earlier demand shortfalls or operational disruptions have been largely resolved and the company is driving better asset deployment—which should lift revenue-per-asset and margins. However, the historical volatility warns that capacity or contract timing remains a key risk; sustained high utilization may force incremental capex or constrain growth if unmet demand reappears.
Date | Fleet Operational Utilization Rate |
|---|---|
Mar 31, 2026 | 88.70 |
Dec 31, 2025 | 91.80 |
Sep 30, 2025 | 88.70 |
Jun 30, 2025 | 83.10 |
Mar 31, 2025 | 83.80 |
Dec 31, 2024 | 86.00 |
Sep 30, 2024 | 65.60 |
Jun 30, 2024 | 80.90 |
Mar 31, 2024 | 80.60 |
Dec 31, 2023 | 68.50 |