IMPP Earnings Prediction
The chart below shows how IMPP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IMPP sees a -8.14% change in stock price 10 days leading up to the earnings, and a +4.58% change 10 days following the report. On the earnings day itself, the stock moves by +9.47%. This data can give you a slight idea of what to expect for the next quarter's release.
IMPP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
29.88M
-21.19%
1.71%
Gross Margin
43.26%
-31.39%
-7.37%
Operating Margin
9.79%
-73.15%
1.03%
Net Margin
21.63%
-40.38%
-47.56%
EPS
0.21
-86.96%
-54.35%
No Data Available
IMPP Earnings Analysis
Imperial Petroleum Inc. Corporation (IMPP.O) Earnings Conference Call
Positive
- Despite facing market challenges in Q4, Imperial Petroleum Inc. demonstrated significant revenue growth in 2023, with revenues increasing by 90% compared to 2022, reaching $184 million. This growth is supported by impressive financial performance, including an EBITDA of $82 million and a net income of $71 million, marking a 141% increase in profitability over the previous year.
- The company's share buyback program, initiated in September 2023, has been successful in enhancing shareholder value. Imperial Petroleum Inc. has repurchased a total of 4.2 million shares for $8.3 million, leading to a nearly doubled share price since the announcement. In December 2023, the company also repurchased 3.2 million outstanding warrants, reflecting a commitment to increasing shareholder value.
- Market prospects for Imperial Petroleum Inc. remain positive, with ongoing geopolitical pressures such as the Russia-Ukraine conflict stimulating ton mile demand. Despite market challenges, strong fundamentals in terms of demand growth and a lower order book indicate a promising future outlook for the tanker market. The company's strategic fleet repositioning and focus on spot market activities also position it well to capitalize on market opportunities.
- Imperial Petroleum Inc. maintains a solid financial position with a cash balance of approximately $124 million as of the end of 2023. The company's equity to asset ratio is at 96%, indicating minimal liabilities and a strong balance sheet. Active treasury management, utilizing excess cash for time deposits, has resulted in favorable interest income of $5 million in 2023, contributing to the company's overall financial stability.
Negative
- Q4 2023 results were lower than expected due to weaker market conditions in the East, leading to operational challenges like idle time and lower utilization rates.
- Net income for Q4 2023 decreased to $6.5 million from $13.8 million in Q4 2022, indicating a 53% drop.
- Despite a strong performance in 2023, Q4 results were impacted by reduced revenues of $29.9 million compared to $37.9 million in the same period of the previous year, a 31% decrease.
- Encounter challenges with two vessels undergoing scheduled dry dockings in Q4, leading to additional idle time and increased drydocking costs of $2.5 million.
- Earnings per share (EPS) for Q4 2023 was negatively affected by a deemed dividend, resulting in an EPS loss of $0.02 per share.
- While the company's financial position remains healthy, the weaker market conditions and operational challenges in Q4 2023 highlight potential vulnerabilities in the business model.
