Imperial Petroleum (NASDAQ:IMPP) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$47.0m (down 20% from 2Q 2023).

• Net income: US$19.5m (up 28% from 2Q 2023).

• Profit margin: 42% (up from 26% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.70.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Imperial Petroleum Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 14% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Imperial Petroleum (of which 1 is a bit concerning!) you should know about.

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