Imperial Petroleum reports Q4 adjusted EPS 12c vs 1c last year

Reports Q4 revenue $26.21M vs $29.88M last year. CEO Harry Vafias Commented, “For yet another year Imperial Petroleum (IMPP) demonstrated exceptional results; we continued to be consistent with profitability, cash flow generation and fleet growth across the quarters. Market conditions in 2024 were somewhat softer than 2023 when tanker rates oscillated around all time high levels. Nevertheless, our debt free fleet of eleven vessels managed to generate $50 million of profit and maintain an enviable cash base of $207 million. In the period ahead our key focus is to materialize our already announced fleet growth plans, sustain our profitable momentum and as always, seek opportunities to enhance the value of our Company.”