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Imperial Petroleum
(NASDAQ:IMPP)
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Rating:85Outperform
Price Target:
$6.00
▲(23.71% Upside)
Action:Reiterated
Date:09/12/26
IMPP scores highly due to strong financial performance (high margins, strong TTM cash generation, and an effectively debt-free balance sheet) and supportive valuation (low P/E). Technicals are positive with price above key moving averages and a positive MACD, but elevated RSI/Stochastic suggest momentum is somewhat stretched. The latest earnings call was net positive with record results and strong liquidity, tempered by near-term utilization/cost headwinds from ongoing dry dockings and geopolitical/rate uncertainty.
Positive Factors
Strong Profitability and Growth
High margins combined with strong revenue growth indicate that IMPP is currently converting fleet capacity and market demand into substantial earnings. The Q2 record and first-half profitability provide evidence of improved scale and operating strength that can support reinvestment over the next several quarters.
Negative Factors
Cyclical Revenue and Cash Flow
Historical swings in revenue and free cash flow show that IMPP’s earnings power remains sensitive to freight rates, vessel utilization, and trade conditions. This cyclicality can make results less predictable and may reduce internally generated funds available for fleet growth during weaker market phases.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability and Growth
High margins combined with strong revenue growth indicate that IMPP is currently converting fleet capacity and market demand into substantial earnings. The Q2 record and first-half profitability provide evidence of improved scale and operating strength that can support reinvestment over the next several quarters.
Read all positive factors
Imperial Petroleum Key Performance Indicators (KPIs)
Any
Total Charter Days For Fleet
Measures the total days vessels are under charter, providing insight into contracted revenue stability and fleet demand.
Measures the total days vessels are under charter, providing insight into contracted revenue stability and fleet demand.
Data provided by:
The Fly
The FlyImperial Petroleum (IMPP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$228.34M
Dividend YieldN/A
Average Volume (3M)493.01K
Price to Earnings (P/E)2.4
Beta (1Y)-0.11
Revenue Growth89.03%
EPS Growth80.68%
CountryUS
Employees74
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)2.09
Shares Outstanding45,621,456
10 Day Avg. Volume482,412
30 Day Avg. Volume493,008
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.24
Price to Sales (P/S)0.78
P/FCF Ratio1.58
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$9.00Price Target Upside85.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.44
Revenue Forecast (FY)$269.01M
Imperial Petroleum Business Overview & Revenue Model
Company Description
Imperial Petroleum Inc. operates globally, offering maritime shipping solutions to a diverse clientele, including petroleum producers, refiners, and commodity traders. The company's vessels transport various goods such as refined petroleum product...
How the Company Makes Money
IMPP primarily makes money by chartering its tanker vessels to customers under commercial shipping agreements. Revenue is generated from (1) time charters, where a customer hires a vessel for a fixed period at an agreed daily hire rate, and (2) sp...
Imperial Petroleum Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call was strongly positive, supported by record revenue, substantial year-over-year profit growth, first-half earnings already exceeding full-year 2025 profitability, approximately $260 million of cash, a debt-free balance sheet, fleet expansion, and favorable tanker and dry bulk market conditions. The main challenges were lower utilization related to dry dockings, higher voyage and operating costs, remaining dry dockings, and significant geopolitical and market-rate uncertainty. Highlights significantly outweighed the lowlights.Positive Updates
Record Quarterly Revenue
Q2 2026 revenue reached an all-time high of $87.1 million, representing 41.2% sequential growth from Q1 2026 and a 140% increase year-over-year. Management attributed the improvement to fleet expansion and strong markets for both tankers and bulkers.
Negative Updates
Lower Operational Utilization
Operational utilization declined to 73.5% in Q2 2026, lower than in previous quarters. Technical off-hire accounted for 10.7% of total fleet calendar days, primarily in connection with the concentrated dry-docking schedule.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
Q2 2026 revenue reached an all-time high of $87.1 million, representing 41.2% sequential growth from Q1 2026 and a 140% increase year-over-year. Management attributed the improvement to fleet expansion and strong markets for both tankers and bulkers.
Read all positive updates
Company Guidance
The company said it has another 7 dry dockings to complete up until the end of the year and 4 additional vessels—3 handysize bulkers and 1 product tanker—to be delivered until the end of the year, expanding toward a 25-vessel target; it said restocking volumes are anticipated to sustain a strong tanker market for a period in excess of 12 months, while if the Strait of Hormuz remain closed for prolonged periods, markets will be short of cargoes and rates might suffer. It also cited order books of 30.8% for Suezmaxes, 16% for MR tankers, around 6.5% for Handysize dry bulk vessels, and 12.8% for Panamax vessels, with 31%, 26%, 18%, and 20.5% of those fleets, respectively, above 20 years of age.Imperial Petroleum Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 241.35M | 161.00M | 147.48M | 183.73M | 97.02M | 17.36M |
| Gross Profit | 90.14M | 46.21M | 50.40M | 73.37M | 32.64M | -2.34M |
| EBITDA | 119.31M | 78.23M | 67.55M | 88.58M | 43.41M | 5.18M |
| Net Income | 88.71M | 49.98M | 50.16M | 71.13M | 29.51M | -3.64M |
Balance Sheet | ||||||
| Total Assets | 645.08M | 547.41M | 449.51M | 376.83M | 366.58M | 128.47M |
| Cash, Cash Equivalents and Short-Term Investments | 245.23M | 179.05M | 206.73M | 124.03M | 118.90M | 3.39M |
| Total Debt | 100.98K | 0.00 | 78.76K | 0.00 | 69.96M | 27.84M |
| Total Liabilities | 58.14M | 16.59M | 28.84M | 14.53M | 84.17M | 31.72M |
| Stockholders Equity | 586.77M | 530.81M | 420.67M | 362.31M | 282.41M | 96.75M |
Cash Flow | ||||||
| Free Cash Flow | 115.95M | 79.07M | 3.02M | 51.39M | -77.78M | 5.10M |
| Operating Cash Flow | 117.68M | 80.78M | 77.70M | 79.53M | 40.90M | 5.24M |
| Investing Cash Flow | -158.35M | -35.07M | -106.65M | 12.29M | -186.68M | -142.60K |
| Financing Cash Flow | -83.53M | -107.72M | 4.81M | -57.40M | 196.95M | -6.37M |
Imperial Petroleum Technical Analysis
Negative
4.85
Price Trends
5.08
Negative
5.05
Negative
4.58
Positive
Market Momentum
>-0.01
Positive
39.15
Neutral
7.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMPP, the sentiment is Negative. The current price of 4.85 is below the 20-day moving average (MA) of 5.45, below the 50-day MA of 5.08, and above the 200-day MA of 4.58, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.15 is Neutral, neither overbought nor oversold. The STOCH value of 7.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IMPP.
Imperial Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $228.34M | 2.42 | 16.62% | ― | 89.03% | 80.68% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $140.20M | -47.24 | -3.80% | 13.75% | 0.59% | -345.77% | |
55 Neutral | $344.96M | -1.34 | -122.23% | ― | 2.69% | -289.33% | |
52 Neutral | $172.04M | 8.42 | 5.13% | 59.31% | -23.70% | 30.67% | |
42 Neutral | $89.03M | -1.01 | -474.82% | 4.17% | -9.01% | -293.99% |
* Energy Sector Average
IMPP
Imperial Petroleum
5.11
0.13
2.61%
EPM
Evolution Petroleum
3.54
-0.80
-18.49%
GTE
Gran Tierra Energy
9.86
5.26
114.35%
AMPY
Amplify Energy
4.21
-1.02
-19.50%
EP
Empire Petroleum
2.28
-2.11
-48.03%
Imperial Petroleum Corporate Events
Imperial Petroleum Updates H1 2026 Financials and Expanding Fleet in New SEC Filing
Sep 29, 2026
Imperial Petroleum filed a Form 6-K with the U.S. Securities and Exchange Commission on September 29, 2026, providing management’s discussion and analysis and unaudited consolidated financial statements for the six months ended June 30, 2026...
Imperial Petroleum Posts Record Q2 2026 Earnings on Fleet Expansion and Asset Sale
Sep 11, 2026
In a press release dated September 10, 2026, Imperial Petroleum reported unaudited results for the second quarter and six months ended June 30, 2026, showcasing record revenue growth and strong profitability driven by fleet expansion and favorable...
Imperial Petroleum Sets October 13, 2026 Annual Meeting, Releases 2025 Financials
Aug 28, 2026
Imperial Petroleum Inc. has filed a Form 6-K announcing its 2026 Annual Meeting of Stockholders, scheduled for Tuesday, October 13, 2026, at its Athens headquarters, with holders of common stock and Series B preferred stock of record as of August ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.