2023-05-08 09:23:48 ET
- Imperial Petroleum press release ( NASDAQ: IMPP ): Q1 GAAP EPS of $2.31.
- Revenue of $65.4M (+1,182% Y/Y).
- Fleet operational utilization of 85% in Q1 23’ with 6 days of technical off hire and 495 of our fleet days dedicated to spot activity.
- EBITDA of $39.9 million in Q1 23’ up $37.3 million or 1,435% from Q1 22’.
- An average of 10.10 vessels were owned by the Company during the three months ended March 31, 2023 compared to 4.04 vessels for the same period of 2022.
- Cash and cash equivalents, including time deposits, of $114.1 million as of March 31, 2023 of which approximately $45.5 million were utilized within April 2023 for the repayment of all outstanding loans.
For further details see:
Imperial Petroleum GAAP EPS of $2.31, revenue of $65.4M