Tearsheet

Imperial Petroleum (IMPP)

Market Price (11/8/2025): $5.34 | Market Cap: $177.6 Mil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Imperial Petroleum (IMPP)

Market Price (11/8/2025): $5.34
Market Cap: $177.6 Mil
Sector: Energy
Industry: Oil & Gas Storage & Transportation

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 44%	Weak multi-year price returns 3Y Excs Rtn is -83%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -23%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -119%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 63%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62%
3	Low stock price volatility Vol 12M is 50%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 44%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -119%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 63%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62%
3	Low stock price volatility Vol 12M is 50%
4	Weak multi-year price returns 3Y Excs Rtn is -83%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -23%

Market Valuation & Key Metrics

	11/8/25	2024	2023	2022	2021
Share Price CYE	$5.34	$3.01	$2.64	$3.25	$28.86
Market Cap CYE ($ Mil)	177.6	98.6	62.4	41.4	9.2
Total Debt ($ Mil)	0.0	0.1	0.0	70.0	27.8
Total Cash ($ Mil)	212.2	206.7	124.0	118.9	3.4
Enterprise Value ($ Mil)	-34.5	98.7	62.4	111.4	37.0
Valuation Ratios
P/S TTM	1.4	0.6	0.3	0.3	0.5
P/EBIT TTM	4.5	1.8	0.7	0.9	-2.6
P/E TTM	4.7	1.8	0.7	0.9	-2.5
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5	1.2	1.3
P/EBIT TTM (Sector)	6.8	6.5	5.4	4.0	4.4
P/E TTM (Sector)	10.4	9.4	8.1	5.2	3.6

	11/8/25	2024	2023
Share Price CYE	$5.34	$3.01	$2.64
Market Cap CYE ($ Mil)	177.6	98.6	62.4
Total Debt ($ Mil)	0.0	0.1	0.0
Total Cash ($ Mil)	212.2	206.7	124.0
Enterprise Value ($ Mil)	-34.5	98.7	62.4
Valuation Ratios
P/S TTM	1.4	0.6	0.3
P/EBIT TTM	4.5	1.8	0.7
P/E TTM	4.7	1.8	0.7
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5
P/EBIT TTM (Sector)	6.8	6.5	5.4
P/E TTM (Sector)	10.4	9.4	8.1

	IMPP	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.1
Rev Chg Q	-22.7%	7.2%
Rev Chg LTM	-13.4%	6.0%
Rev Chg 3Y Avg	230.6%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	21.2%	18.8%
CFO/Rev LTM	63.0%	20.5%
Net Inc Mgn	29.8%	13.0%
VALUATION	VERY LOW
P/S	1.4	3.2
P/CFO	2.2	15.2
P/FCF	2.3	20.0
P/E	4.7	23.6
STABILITY	VERY GOOD
Debt/Equity	0.00	0.21
Cash/Assets	0.36	0.07

AI Generated Analysis | Feedback

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IMPP Stock

Return (1M):

Factor Drivers of Stock Movement

The 78.7% change in IMPP stock from 8/8/2025 to 11/7/2025 was primarily driven by a 112.6% change in the company's P/E Multiple.

	8082025	11072025	Change
Stock Price ($)	3.01	5.38	78.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	138.37	127.68	-7.73%
Net Income Margin (%)	32.37%	29.79%	-7.99%
P/E Multiple	2.21	4.71	112.59%
Shares Outstanding (Mil)	32.94	33.27	-0.98%
Cumulative Contribution			78.72%

LTM = Last Twelve Months as of date shown

The 96.4% change in IMPP stock from 5/9/2025 to 11/7/2025 was primarily driven by a 163.1% change in the company's P/E Multiple.

	5092025	11072025	Change
Stock Price ($)	2.74	5.38	96.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	147.48	127.68	-13.43%
Net Income Margin (%)	34.01%	29.79%	-12.42%
P/E Multiple	1.79	4.71	163.07%
Shares Outstanding (Mil)	32.75	33.27	-1.58%
Cumulative Contribution			96.30%

LTM = Last Twelve Months as of date shown

The 47.0% change in IMPP stock from 11/7/2024 to 11/7/2025 was primarily driven by a 151.8% change in the company's P/E Multiple.

	11072024	11072025	Change
Stock Price ($)	3.66	5.38	46.99%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	147.51	127.68	-13.44%
Net Income Margin (%)	37.13%	29.79%	-19.77%
P/E Multiple	1.87	4.71	151.80%
Shares Outstanding (Mil)	27.97	33.27	-18.96%
Cumulative Contribution			41.71%

LTM = Last Twelve Months as of date shown

The -7.3% change in IMPP stock from 11/8/2022 to 11/7/2025 was primarily driven by a -1164.4% change in the company's Shares Outstanding (Mil).

	11082022	11072025	Change
Stock Price ($)	5.80	5.38	-7.25%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	20.57	127.68	520.72%
P/S Multiple	0.74	1.40	88.92%
Shares Outstanding (Mil)	2.63	33.27	-1164.39%
Cumulative Contribution			-12581.86%

LTM = Last Twelve Months as of date shown

Why The Stock Moved

AI Generated Analysis | Feedback

Here are the key points for why Imperial Petroleum (IMPP) stock moved by 75.2% during the approximate time period from July 31, 2025, to November 8, 2025:

1. Imperial Petroleum reported strong second-quarter 2025 financial and operating results on September 5, 2025. The company announced a net income of $12.8 million for Q2 2025 and an earnings per share (EPS) of $0.37, significantly surpassing analyst estimates of $0.04. This performance demonstrated recurring profitability and exceeded market expectations, likely boosting investor confidence.

2. The company announced a massive fleet expansion in the second quarter of 2025. Imperial Petroleum's fleet increased from 12 to 19 vessels, marking a 56% expansion, through the delivery of seven drybulk ships. Furthermore, after the second quarter, the company agreed to acquire three additional dry bulk carriers for $51.6 million, which would bring the total fleet to 22 vessels upon their expected delivery between September 2025 and August 2026. This significant increase in operational capacity and asset base contributed to the stock's upward movement, with the fleet book value increasing by 54.4% to over $350 million.

3. Imperial Petroleum maintained robust liquidity and a debt-free balance sheet. As of June 30, 2025, the company reported $212.2 million in cash and cash equivalents, which was approximately 80% higher than its market capitalization of about $120 million at that time. The maintenance of a debt-free capital structure and strong cash flow generation enhanced financial stability and investor appeal.

4. Favorable market conditions in the tanker and dry bulk shipping sectors provided a positive operational backdrop. Reports indicated that market rates for both tankers and dry bulk carriers were strong, with Suezmax vessel earnings, for example, being 30% higher than the 10-year average. This environment supported Imperial Petroleum's profitability and future revenue potential.

5. Positive analyst sentiment and a perception of undervaluation contributed to the stock's appreciation. A Seeking Alpha article published on September 7, 2025, upgraded Imperial Petroleum, citing strong near-term prospects in the tanker and dry bulk markets. It also highlighted that the company continued to trade at a substantial discount to its estimated net asset value, suggesting significant upside potential even with existing valuation gaps.

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
IMPP Return	-	-	-89%	-19%	14%	86%	-81%
Peers Return	-30%	3%	-2%	19%	-18%	7%	-26%
S&P 500 Return	16%	27%	-19%	24%	23%	14%	108%
Monthly Win Rates [3]
IMPP Win Rate	-		17%	50%	42%	60%
Peers Win Rate	22%	35%	27%	40%	25%	47%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
IMPP Max Drawdown	-	-	-89%	-63%	0%	-26%
Peers Max Drawdown	-37%	-8%	-21%	-18%	-32%	-15%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FRO, BANL, TMDE, TOPS, ENB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/7/2025 (YTD)

How Low Can It Go

Unique Key	Event	IMPP	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-98.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	8259.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to FRO, BANL, TMDE, TOPS, ENB

In The Past

Imperial Petroleum's stock fell -98.8% during the 2022 Inflation Shock from a high on 12/6/2021. A -98.8% loss requires a 8259.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Imperial Petroleum (IMPP)

Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.

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Better Bets than Imperial Petroleum (IMPP)

	IMPP	Better Performance than IMPP
Metric	Value	Industry (Oil & Gas Storage & Transporta)
Rev Chg LTM	-13.4%	ENB (32.3%), WMB (9.0%), KMI (8.3%), TRP (24.5%), LNG (17.8%)
Rev Chg 3Y Avg	230.6%
Op Mgn LTM	21.2%	WMB (34.3%), KMI (27.2%), TRP (43.1%), LNG (37.2%), PBA (36.5%)
CFO/Rev LTM	63.0%	DTM (73.0%), AM (72.8%), VNOM (74.9%), GLNG (154.4%)
FCF/Rev LTM	61.5%
Total Yield	21.2%	TRMD (32.0%)

	IMPP	Better Performance than IMPP
Metric	Value	Sector (Energy)
Rev Chg LTM	-13.4%	XOM (-3.3%), CVX (-3.6%), COP (8.2%), ENB (32.3%), BP (-4.0%)
Rev Chg 3Y Avg	230.6%	UEC (10082.6%), URG (21494.7%), VIVK (1966.8%)
Op Mgn LTM	21.2%	WMB (34.3%), KMI (27.2%), EOG (34.2%), TRP (43.1%), LNG (37.2%)
CFO/Rev LTM	63.0%	TPL (72.3%), DTM (73.0%), PR (68.9%), AM (72.8%), VNOM (74.9%)
FCF/Rev LTM	61.5%
Total Yield	21.2%	APA (22.0%), CIVI (30.3%), TRMD (32.0%), NOG (36.6%), SM (36.8%)

	IMPP	Better Performance than IMPP
Metric	Value	All Other Sectors
Rev Chg LTM	-13.4%	NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	230.6%	QXO (2715.8%), BBIO (727.6%), CYTK (818.6%), AXSM (296.0%), OTF (470.5%)
Op Mgn LTM	21.2%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM	63.0%	RY (135.4%), SCHW (82.3%), CME (65.0%), SPG (65.3%), O (67.1%)
FCF/Rev LTM	61.5%	RY (131.7%), SCHW (79.4%), CME (63.8%), O (67.1%), ARES (83.9%)
Total Yield	21.2%	BABA (37.9%), TM (2207.0%), CMCSA (27.3%), BIDU (65.1%), HMC (2433.3%)

		Best Bets In Energy Sector
	IMPP	TPL	AM	INSW	CTRA	DTM	EOG	WHD	WMB	CHRD	EQT
What You Pay
P/E	4.7	47.4	17.9	12.1	12.3	28.7	10.0	17.0	30.7	29.3	20.3
P/EBIT	4.5	38.5	10.1	10.3	9.0	16.1	7.6	11.5	15.7	10.9	11.6
What You Get
Rev Chg Q	-22.7%	17.0%	8.7%	-12.8%	33.7%	26.6%	-11.2%	-10.0%	10.2%	-9.5%	49.8%
Rev Chg LTM	-13.4%	12.5%	8.7%	-23.6%	25.1%	20.4%	-5.4%	-3.8%	9.0%	8.4%	64.8%
Rev Chg 3Y Avg	230.6%	5.7%	9.0%	16.7%	-5.3%	9.6%	-5.1%	22.9%	0.8%	18.1%	-2.8%
FCF/Rev 3Y Avg	22.2%	47.9%	46.6%	29.6%	24.8%	25.8%	24.3%	23.5%	22.5%	19.5%	23.5%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Imperial Petroleum Stock Up 21%, Buy Or Wait?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to IMPP. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	8.0%	8.0%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.9%	-0.9%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	25.5%	25.5%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.0%	-2.0%	-5.7%
SLB_10102025_Dip_Buyer_FCFYield	10102025	SLB	SLB	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	15.6%	15.6%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	8.0%	8.0%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.9%	-0.9%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	25.5%	25.5%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.0%	-2.0%	-5.7%
SLB_10102025_Dip_Buyer_FCFYield	10102025	SLB	SLB	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	15.6%	15.6%	0.0%

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1 Day Top Gainers

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ORGO	Organogenesis	0.7	44.7%	75.9%
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KODK	Eastman Kodak	0.6	33.2%	18.6%
GCT	GigaCloud Technology	1.3	30.0%	78.8%
FROG	JFrog	6.9	27.0%	104.0%
PGNY	Progyny	1.9	24.2%	29.7%
TNDM	Tandem Diabetes Care	1.1	22.0%	-54.9%
OS	OneStream	4.1	19.2%	-20.3%
FLGT	Fulgent Genetics	0.8	18.2%	42.7%
UAMY	United States Antimony	1.0	17.8%	370.1%

1 Day Top Losers

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AIRS	AirSculpt Technologies	0.4	-41.7%	17.9%
FOXF	Fox Factory	0.7	-25.5%	-45.9%
ASTH	Astrana Health	1.3	-23.5%	-19.0%
CERT	Certara	1.4	-23.1%	-18.6%
NTLA	Intellia Therapeutics	1.0	-22.7%	-18.4%
DNA	Ginkgo Bioworks	0.5	-20.8%	-8.9%
SIGA	SIGA Technologies	0.5	-20.0%	20.2%
UI	Ubiquiti	37.0	-19.4%	85.3%
EVCM	EverCommerce	1.7	-19.3%	-15.1%
PSIX	Power Solutions International	1.5	-19.1%	120.8%

1 Week Top Gainers

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TERN	Terns Pharmaceuticals	1.7	123.6%	233.4%
GDEN	Golden Entertainment	0.8	44.7%	-4.9%
FSLY	Fastly	1.7	39.4%	22.5%
GMED	Globus Medical	11.3	38.9%	1.4%
CSIQ	Canadian Solar	1.9	37.1%	156.0%
HAE	Haemonetics	3.3	36.7%	-12.4%
ESTA	Establishment Labs	1.9	35.6%	41.1%
APPN	Appian	3.0	34.6%	22.2%
XMTR	Xometry	3.3	33.1%	51.9%
ORGO	Organogenesis	0.7	32.5%	75.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QURE	uniQure	1.5	-58.9%	57.4%
ASPN	Aspen Aerogels	0.3	-52.6%	-67.5%
BHVN	Biohaven	0.8	-52.0%	-77.9%
DD	DuPont de Nemours	16.7	-51.3%	-46.9%
SOC	Sable Offshore	0.5	-48.9%	-76.7%
BLZE	Backblaze	0.3	-43.7%	-3.7%
CCOI	Cogent Communications	1.1	-43.1%	-67.5%
NVTS	Navitas Semiconductor	1.6	-41.8%	119.6%
AIRS	AirSculpt Technologies	0.4	-41.2%	17.9%
ACVA	ACV Auctions	0.9	-40.5%	-75.0%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PRAX	Praxis Precision Medicines	3.6	207.2%	118.6%
INBX	Inhibrx Biosciences	1.2	130.5%	424.0%
VTYX	Ventyx Biosciences	0.6	127.2%	300.5%
TERN	Terns Pharmaceuticals	1.7	117.3%	233.4%
PUMP	ProPetro	1.1	95.6%	15.1%
SNDK	SanDisk	34.7	84.7%
REPL	Replimune	0.8	79.5%	-31.4%
CSIQ	Canadian Solar	1.9	78.3%	156.0%
VICR	Vicor	3.9	66.2%	80.9%
ESTA	Establishment Labs	1.9	62.0%	41.1%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SOC	Sable Offshore	0.5	-72.8%	-76.7%
NTLA	Intellia Therapeutics	1.0	-62.6%	-18.4%
QURE	uniQure	1.5	-56.3%	57.4%
FMC	FMC	1.8	-53.2%	-69.9%
BHVN	Biohaven	0.8	-52.1%	-77.9%
ASPN	Aspen Aerogels	0.3	-51.4%	-67.5%
LRN	Stride	3.1	-50.3%	-30.7%
FI	Fiserv	35.1	-49.4%	-69.0%
WOLF	Wolfspeed	2.8	-49.3%
ELF	e.l.f. Beauty	4.2	-49.1%	-41.3%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ORGO	Organogenesis	0.7	44.7%	75.9%
GMED	Globus Medical	11.3	35.9%	1.4%
KODK	Eastman Kodak	0.6	33.2%	18.6%
GCT	GigaCloud Technology	1.3	30.0%	78.8%
FROG	JFrog	6.9	27.0%	104.0%
PGNY	Progyny	1.9	24.2%	29.7%
TNDM	Tandem Diabetes Care	1.1	22.0%	-54.9%
OS	OneStream	4.1	19.2%	-20.3%
FLGT	Fulgent Genetics	0.8	18.2%	42.7%
UAMY	United States Antimony	1.0	17.8%	370.1%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AIRS	AirSculpt Technologies	0.4	-41.7%	17.9%
FOXF	Fox Factory	0.7	-25.5%	-45.9%
ASTH	Astrana Health	1.3	-23.5%	-19.0%
CERT	Certara	1.4	-23.1%	-18.6%
NTLA	Intellia Therapeutics	1.0	-22.7%	-18.4%
DNA	Ginkgo Bioworks	0.5	-20.8%	-8.9%
SIGA	SIGA Technologies	0.5	-20.0%	20.2%
UI	Ubiquiti	37.0	-19.4%	85.3%
EVCM	EverCommerce	1.7	-19.3%	-15.1%
PSIX	Power Solutions International	1.5	-19.1%	120.8%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TERN	Terns Pharmaceuticals	1.7	123.6%	233.4%
GDEN	Golden Entertainment	0.8	44.7%	-4.9%
FSLY	Fastly	1.7	39.4%	22.5%
GMED	Globus Medical	11.3	38.9%	1.4%
CSIQ	Canadian Solar	1.9	37.1%	156.0%
HAE	Haemonetics	3.3	36.7%	-12.4%
ESTA	Establishment Labs	1.9	35.6%	41.1%
APPN	Appian	3.0	34.6%	22.2%
XMTR	Xometry	3.3	33.1%	51.9%
ORGO	Organogenesis	0.7	32.5%	75.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QURE	uniQure	1.5	-58.9%	57.4%
ASPN	Aspen Aerogels	0.3	-52.6%	-67.5%
BHVN	Biohaven	0.8	-52.0%	-77.9%
DD	DuPont de Nemours	16.7	-51.3%	-46.9%
SOC	Sable Offshore	0.5	-48.9%	-76.7%
BLZE	Backblaze	0.3	-43.7%	-3.7%
CCOI	Cogent Communications	1.1	-43.1%	-67.5%
NVTS	Navitas Semiconductor	1.6	-41.8%	119.6%
AIRS	AirSculpt Technologies	0.4	-41.2%	17.9%
ACVA	ACV Auctions	0.9	-40.5%	-75.0%

Peer Comparisons for Imperial Petroleum

Financials

	IMPP	FRO	BANL	TMDE	TOPS	ENB	Median
Name	Imperial.	Frontline	CBL Inte.	TMD Ener.	TOP Ships	Enbridge
Mkt Price	5.38	23.66	0.42	0.71	5.85	47.71	5.62
Mkt Cap	0.2	5.3	-	-	-	104.1	5.3
Rev LTM	128	1,824	-	-	2	64,234	976
Op Inc LTM	27	387	-	-	-5	11,199	207
FCF LTM	79	615	-	-	-	4,054	615
FCF 3Y Avg	32	-179	-	-	-	6,707	32
CFO LTM	80	624	-	-	-	12,821	624
CFO 3Y Avg	80	726	-	-	-	13,191	726

Growth & Margins

	IMPP	FRO	BANL	TMDE	TOPS	ENB	Median
Name	Imperial.	Frontline	CBL Inte.	TMD Ener.	TOP Ships	Enbridge
Rev Chg LTM	-13.4%	-5.3%	-	-	-95.8%	32.3%	-9.4%
Rev Chg 3Y Avg	230.6%	35.9%	-	-	-49.4%	8.6%	22.2%
Rev Chg Q	-22.7%	-13.7%	-	-	-77.1%	-1.6%	-18.2%
QoQ Delta Rev Chg LTM	-7.7%	-4.0%	-	-	-67.4%	-0.4%	-5.9%
Op Mgn LTM	21.2%	21.2%	-	-	-208.7%	17.4%	19.3%
Op Mgn 3Y Avg	30.9%	34.6%	-	-	-55.9%	19.1%	25.0%
QoQ Delta Op Mgn LTM	-6.4%	-5.7%	-	-	-202.2%	0.1%	-6.0%
CFO/Rev LTM	63.0%	34.2%	-	-	-	20.0%	34.2%
CFO/Rev 3Y Avg	50.2%	38.3%	-	-	-	25.6%	38.3%
FCF/Rev LTM	61.5%	33.7%	-	-	-	6.3%	33.7%
FCF/Rev 3Y Avg	22.2%	-8.7%	-	-	-	13.5%	13.5%

Valuation

	IMPP	FRO	BANL	TMDE	TOPS	ENB	Median
Name	Imperial.	Frontline	CBL Inte.	TMD Ener.	TOP Ships	Enbridge
Mkt Cap	0.2	5.3	-	-	-	104.1	5.3
P/S	1.4	2.9	-	-	-	1.6	1.6
P/EBIT	4.5	10.0	-	-	-	8.0	8.0
P/E	4.7	22.1	-	-	-	17.3	17.3
P/CFO	2.2	8.4	-	-	-	8.1	8.1
Total Yield	21.2%	10.2%	-	-	-	13.6%	13.6%
Dividend Yield	0.0%	5.7%	-	-	-	7.8%	5.7%
FCF Yield 3Y Avg	43.6%	1.3%	-	-	-	8.3%	8.3%
D/E	0.0	0.7	-	-	-	1.0	0.7
Net D/E	-1.2	0.6	-	-	-	1.0	0.6

Returns

	IMPP	FRO	BANL	TMDE	TOPS	ENB	Median
Name	Imperial.	Frontline	CBL Inte.	TMD Ener.	TOP Ships	Enbridge
1M Rtn	12.3%	6.3%	-42.0%	-20.9%	-1.3%	-2.7%	-2.0%
3M Rtn	78.7%	25.6%	-41.0%	-18.3%	2.3%	3.0%	2.6%
6M Rtn	96.4%	39.9%	-48.7%	-45.0%	-1.4%	6.6%	2.6%
12M Rtn	47.0%	30.0%	-60.3%	-	-25.9%	19.3%	19.3%
3Y Rtn	-7.3%	128.8%	-	-	-85.8%	45.2%	19.0%
1M Excs Rtn	13.6%	3.0%	-41.9%	-16.3%	0.8%	-0.5%	0.1%
3M Excs Rtn	74.4%	24.5%	-44.7%	-22.8%	-7.7%	-3.7%	-5.7%
6M Excs Rtn	77.5%	21.1%	-67.6%	-63.9%	-20.3%	-12.3%	-16.3%
12M Excs Rtn	33.1%	16.3%	-74.3%	-	-42.1%	7.0%	7.0%
3Y Excs Rtn	-83.3%	64.6%	-	-	-167.5%	-28.3%	-55.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	9/5/2025	4/29/2025	4/12/2024	4/3/2023	3/29/2022	2/1/2022	3/29/2022
Key Financials
Total Revenue	128	147	184	97	17	20	13
EBITDA	59	68	89	43	5	8	8
Operating Income	27	46	67	30	-3	-0	-0
Net Income	38	50	71	30	-4	-0	-0
EPS	1.07	1.54	3.22	2.89	-11.87	-0.15	-0.14
Growth Rates
Total Revenue Growth	-13.4%	-19.7%	89.4%	458.8%	-14.5%	52.3%	-87.9%
EBITDA Growth	-15.1%	-23.7%	104.1%	738.1%	-37.3%	0.2%	-8.3%
Operating Income Growth	-33.2%	-31.6%	124.1%	955.4%	-880.8%	5.2%	-104.7%
Net Income Growth	-30.6%	-29.5%	141.0%	910.7%	-824.4%	-5.0%	-106.2%
Margins
EBITDA Margin	46.5%	45.8%	48.2%	44.7%	29.8%	40.7%	61.9%
Operating Income Margin	21.2%	31.0%	36.4%	30.7%	-20.1%	-1.8%	-2.8%
Net Income Margin	29.8%	34.0%	38.7%	30.4%	-21.0%	-1.9%	-2.8%
Cash & Debt
Total Cash	212	207	124	119	3	6	9
Total Debt	0	0	0	70	28	0	0
Net Debt / (Cash)	-212	-207	-124	-49	24	-6	-9
Cash Flows
Net Cash from Operations	80	78	80	41	5	9	9
Free Cash from Operations	79	3	51	-78	5	8	9
Returns to Shareholders
Dividends	0	2	2	2	26	-0	-0
Share Repurchases	-0	3	6	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	9/5/2025	5/23/2025	4/29/2025	12/3/2024	8/28/2024	5/16/2024	4/12/2024	10/27/2023	8/10/2023	5/12/2023	4/3/2023	12/2/2022
Key Financials Quarterly
Total Revenue	36	32	26	33	47	41	30	29	59	65	38	43
Ebitda	19	17	9	14	24	21	10	16	22	41	19	19
Operating Income	8	8	5	6	19	15	3	3	26	36	14	15
Net Income	13	11	4	10	20	17	6	12	17	36	14	15
EPS	0.36	0.32	0.10	0.29	0.64	0.56	-0.02	0.56	0.91	2.31	1.05	1.18
Key Financials TTM
Total Revenue TTM	128	138	147	151	148	160	184	192	205	157	97	63
Ebitda TTM	59	64	68	69	70	68	89	97	101	82	43	26
Operating Income TTM	27	38	46	44	40	47	67	78	90	65	30	15
Net Income TTM	38	45	50	53	55	52	71	78	82	65	30	14
Growth Rates Quarterly
Total Revenue Growth	-22.7%	-22.1%	-12.3%	12.4%	-20.3%	-37.0%	-21.2%	-31.1%	420.3%	1178.7%	846.3%	932.7%
EBITDA Growth	-18.5%	-18.3%	-13.0%	-7.1%	8.5%	-49.8%	-46.5%	-18.6%	614.4%	1485.7%	2160.8%	1437.8%
Operating Income Growth	-57.6%	-49.3%	70.8%	111.7%	-24.6%	-56.5%	-78.8%	-81.4%	9263.1%	8308.1%	1123.7%	1765.7%
Net Income Growth	-34.6%	-32.2%	-39.4%	-17.0%	16.0%	-53.4%	-53.0%	-21.6%	19529.8%	16258.5%	1027.6%	1764.4%
Margins Quarterly
EBITDA Margin	53.2%	52.7%	33.0%	43.8%	50.5%	50.2%	33.3%	53.0%	37.1%	62.9%	49.1%	44.9%
Operating Income Margin	22.5%	24.4%	19.1%	18.3%	41.0%	37.5%	9.8%	9.7%	43.3%	54.3%	36.5%	35.9%
Net Income Margin	35.1%	35.2%	14.9%	30.5%	41.5%	40.4%	21.6%	41.3%	28.5%	54.6%	36.3%	36.2%
Cash & Debt
Total Cash	212	227	207	199	130	67	124	126	99	114	119	92
Total Debt	0	0	0	0	0	0	0	0	0	46	70	42
Net Debt / (Cash)	-212	-227	-207	-199	-130	-67	-124	-126	-99	-68	-49	-50
Cash Flows Quarterly
FCF from Operations	21	21	9	29	21	19	6	10	33	31	19	21
Cash Flows TTM
FCF from Operations TTM	80	80	78	74	55	67	80	93	103	69	41	24
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	3	6	0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	58.7%	78.7%	33.5%	36.5%	60.3%	32.9%	8.7%	8.4%	69.8%	68.8%	27.1%	30.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	48.5%	95.8%	76.7%	66.1%	31.7%	24.9%	49.6%	57.5%	61.6%	31.4%	14.6%	7.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	184	97
Bareboat revenues			3	3	6
Other income/(expenses)			0	0	-0
Time charter revenues			11	10	8
Voyage charter revenues			4	8
Total	184	97	17	20	13

Price Behavior

Price Behavior

Market Price	$5.38
Market Cap ($ Bil)	0.2
First Trading Date	12/06/2021
Distance from 52W High	-6.1%
	50 Days	200 Days
DMA Price	$4.70	$3.29
DMA Trend	up	up
Distance from DMA	14.5%	63.4%
	3M	1YR
Volatility	65.5%	49.8%
Downside Capture	-7.72	-11.19
Upside Capture	307.64	29.73
Correlation (SPY)	36.1%	18.0%

IMPP Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	3.38	2.75	2.02	0.52	0.44	0.78
Up Beta	4.97	4.54	2.86	0.57	0.62	0.63
Down Beta	2.24	3.15	2.70	1.37	0.68	0.73
Up Capture	460%	430%	323%	121%	20%	53%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	13	25	37	69	110	335
Down Capture	304%	33%	-17%	-150%	-15%	100%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	10	19	28	55	132	389

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

null

Based On 5-Year Data

null

Based On 10-Year Data

null

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	2,876,024
Short Interest: % Change Since 9302025	-1.8%
Average Daily Volume	272,847
Days-to-Cover Short Interest	10.54
Basic Shares Quantity	33,267,487
Short % of Basic Shares	8.6%

Returns Analyses

	Title
0	Imperial Petroleum Stock Up 21%, Buy Or Wait?

SEC Filings

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Report Date	Filing Date	Filing
6302025	9052025	6-K 6/30/2025
3312025	5232025	6-K 3/31/2025
12312024	4292025	20-F 12/31/2024
9302024	12032024	6-K 9/30/2024
6302024	8282024	6-K 6/30/2024
3312024	5162024	6-K 3/31/2024
12312023	4122024	20-F 12/31/2023
9302023	10272023	6-K 9/30/2023
6302023	8102023	6-K 6/30/2023
3312023	5122023	6-K 3/31/2023
12312022	4032023	20-F 12/31/2022
9302022	12022022	6-K 9/30/2022
6302022	7272022	6-K 6/30/2022
3312022	6142022	6-K 3/31/2022
12312021	3292022	20-F 12/31/2021
9302020	12232021	6-K 9/30/2020

Insider Activity

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Imperial Petroleum (IMPP)

Market Price (11/8/2025): $5.34 | Market Cap: $177.6 MilSector: Energy | Industry: Oil & Gas Storage & Transportation

Imperial Petroleum (IMPP)

Market Price (11/8/2025): $5.34Market Cap: $177.6 MilSector: EnergyIndustry: Oil & Gas Storage & Transportation

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IMPP Stock

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Market Price (11/8/2025): $5.34 | Market Cap: $177.6 Mil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Market Price (11/8/2025): $5.34
Market Cap: $177.6 Mil
Sector: Energy
Industry: Oil & Gas Storage & Transportation