Imperial Petroleum Second Quarter 2024 Earnings: EPS: US$0.70 (vs US$0.90 in 2Q 2023)

Simply Wall St · 08/30 10:44

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.
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NasdaqCM:IMPP Earnings and Revenue Growth August 30th 2024

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

We should say that we've discovered 2 warning signs for Imperial Petroleum (1 makes us a bit uncomfortable!) that you should be aware of before investing here.