Imperial Petroleum Inc.(IMPP)Earnings, Financials & Key Ratios

IMPP•NASDAQ

$4.63

3.6× P/E·Price updated Jul 2, 2026

SectorEnergy IndustryOil & Gas E&P Sub-IndustryInternational emerging market upstream producers

AboutImperial 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.Show more

Revenue$161M+9.2%
EBITDA$66M+7.7%
Net Income$50M-0.4%
EPS (Diluted)1.29-7.9%
Gross Margin28.7%-16.0%
EBITDA Margin40.89%-1.4%
Operating Margin24.78%-17.2%
Net Margin31.04%-8.7%
ROE10.51%-18.0%

IMPP Price & Volume

Imperial Petroleum Inc. (IMPP) stock price & volume — 10-year historical chart

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Rapid Fleet Expansion Drives Volatile Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Accelerating

Profitability:Moderate

Financial:Healthy

Cash Flow:Robust

Primary Risk:Equity-funded fleet dilution

Key Thesis Takeaways

Imperial Petroleum demonstrates aggressive top-line expansion, evidenced by a 92.3% year-over-year revenue increase in 2026Q1, though this growth is heavily reliant on equity-funded vessel acquisitions that introduce significant dilution risks.
While the company maintains a clean balance sheet with a 0.00 debt-to-equity ratio, the reliance on spot market rates creates structural margin volatility that investors should monitor closely.
Future performance remains tethered to the company's ability to manage its $349.3 million net PPE asset base while navigating potential governance risks associated with its management structure.

Verdict Logic

while the stock trades at a low 3.77 P/E TTM, the historical reliance on equity-funded growth and the volatility of spot market-driven margins suggest that investors should exercise caution regarding potential future dilution.

IMPP Growth Metrics

Imperial Petroleum Inc. (IMPP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years56.26%

5 Years51.31%

3 Years18.39%

TTM37.77%

Profit CAGR

10 Years-

5 Years-

3 Years19.2%

TTM48.92%

EPS CAGR

10 Years-

5 Years-

3 Years-23.49%

TTM15.67%

Return on Capital

10 Years-33.6%

5 Years9.71%

3 Years12.8%

Last Year8.39%

IMPP Recent Earnings

Imperial Petroleum Inc. (IMPP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (90%)●Beat Revenue 5/12 qtrs (50%)

Q2 2026Latest

May 22, 2026

Metric

Actual

Est

EPS

$0.58+70.6%

$0.34

Rev

$62M+28.3%

$48M

Q2 2026

Mar 6, 2026

Metric

Actual

Est

EPS

$0.39+14.7%

$0.34

Rev

$51M+12.2%

$46M

Q4 2025

Dec 11, 2025

Metric

Actual

Est

EPS

$0.31+181.8%

$0.11

Rev

$41M-0.2%

$42M

Q4 2025

Sep 5, 2025

Metric

Actual

Est

EPS

$0.37+766.5%

$0.04

Rev

$36M+22.3%

$30M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 22, 2026	$0.58vs $0.34+70.6%	$62Mvs $48M+28.3%
Q2 2026	Mar 6, 2026	$0.39vs $0.34+14.7%	$51Mvs $46M+12.2%
Q4 2025	Dec 11, 2025	$0.31vs $0.11+181.8%	$41Mvs $42M-0.2%
Q4 2025	Sep 5, 2025	$0.37vs $0.04+766.5%	$36Mvs $30M+22.3%

Based on last 12 quarters of dataView full earnings history →

Latest IMPP News

Recent stock market news and headlines for Imperial Petroleum Inc. (IMPP)

Seeking Alpha·Jun 20, 2026

Imperial Petroleum: Deep Discount To NAV Outshines Concerns

Imperial Petroleum remains deeply undervalued, with a robust, growing fleet and significant net cash providing a margin of safety. IMPP's mixed charter profile and spot exposure position it to capitalize on strong tanker and dry bulk markets, supporting healthy near-term earnings. Despite governance and related-party risks, the current discount to NAV is excessive, with NAV per share well-above the stock price.

Peers Comparison

Key metrics vs top competitors for Imperial Petroleum Inc. (IMPP)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
IMPPImperial Petroleum Inc.Current	$4.63	$174.05M	3.59	9.17%	31.04%	10.51%	1.04%
TOPSTop Ships Inc.	$0.78	$3.62M	1.17	-6.63%	5.6%	6.25%	—
GLBSGlobus Maritime Limited	$3.11	$67.12M	-36.80	26.77%	1.72%	0.47%	—
ESEAEuroseas Ltd.	$66.43	$468.72M	3.37	7.03%	58.31%	29.7%	—
NVGSNavigator Holdings Ltd.	$18.62	$1.21B	12.67	3.58%	18.84%	8.68%	—
CTRMCastor Maritime Inc.	$2.13	$120.19M	5.90	23.51%	103.17%	12.71%	—

Compare IMPP vs Peers

Imperial Petroleum Inc. (IMPP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TOPS

Most directly comparable listed peer for IMPP.

Scale Benchmark

vs FRO

Larger-name benchmark to compare IMPP against a more recognizable public peer.

Peer Set

Compare Top 5

vs TOPS, GLBS, ESEA, NVGS

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IMPP Frequently Asked Questions

Imperial Petroleum Inc. (IMPP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Imperial Petroleum Inc.'s revenue?

Imperial Petroleum Inc. (IMPP) reported $190.6M in revenue for fiscal year 2025. This represents a 1194673% increase from $0.0M in 1997.

How fast is Imperial Petroleum Inc. growing?

Imperial Petroleum Inc. (IMPP) grew revenue by 9.2% over the past year. This is steady growth.

Is IMPP profitable?

Yes, Imperial Petroleum Inc. (IMPP) is profitable, generating $66.7M in net income for fiscal year 2025 (31.0% net margin).

Dividend & Returns

Does IMPP pay dividends?

Yes, Imperial Petroleum Inc. (IMPP) pays a dividend with a yield of 1.04%. This makes it attractive for income-focused investors.

What is IMPP's return on equity?

Imperial Petroleum Inc. (IMPP) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

What is Imperial Petroleum Inc.'s free cash flow?

Imperial Petroleum Inc. (IMPP) generated $95.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in IMPP back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 22, 2026

$0.58vs $0.34+70.6%

$62Mvs $48M+28.3%

Q2 2026

Mar 6, 2026

$0.39vs $0.34+14.7%

$51Mvs $46M+12.2%

Q4 2025

Dec 11, 2025

$0.31vs $0.11+181.8%

$41Mvs $42M-0.2%

Q4 2025

Sep 5, 2025

$0.37vs $0.04+766.5%

$36Mvs $30M+22.3%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

IMPPImperial Petroleum Inc.Current

$4.63

$174.05M

3.59

9.17%

31.04%

10.51%

1.04%

TOPSTop Ships Inc.

$0.78

$3.62M

1.17

-6.63%

5.6%

6.25%

—

GLBSGlobus Maritime Limited

$3.11

$67.12M

-36.80

26.77%

1.72%

0.47%

—

ESEAEuroseas Ltd.

$66.43

$468.72M

3.37

7.03%

58.31%

29.7%

—

NVGSNavigator Holdings Ltd.

$18.62

$1.21B

12.67

3.58%

18.84%

8.68%

—

CTRMCastor Maritime Inc.

$2.13

$120.19M

5.90

23.51%

103.17%

12.71%

—