Imperial Petroleum Inc./Marshall Islands
IMPP, IMPPP · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Grade
B71Profitable, debt-free product/drybulk tanker operator with top-quartile asset returns and pristine liquidity in a cyclical industry.
Strengths
- Top-quartile ROA 9.1% (74th pct); profitable and debt-free with unencumbered vessels
- Exceptional liquidity: current/quick ratio ~12x (100th pct)
- High fleet utilization 87.5% and strong 2025 tanker rates
Risks
- ROE only 9.4% (mid-pack, 55th pct); revenue below the 2023 peak
- Aging fleet versus global average; heavy spot-market and cyclical exposure
- Small cash balance with dilution/preferred-stock overhang
Notable findings
- Restatement• Our restated articles of incorporation and amended and restated bylaws contain anti-takeover provisions that may discourage, delay or prevent (1) our merger or acquisition and/or (2) the removal 8-K ↗
Key metrics
Return on equity
9.4%
Return on assets
9.1%
Net-income growth
-0.4%
Current ratio
12.0×
Tangible book value
$531M
Cash & investments
$6M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-29 | 2025-12-31 | 0001193125-26-192203 ↗ |
| 20-F | 2025-04-29 | 2024-12-31 | 0001193125-25-104005 ↗ |
| 20-F | 2024-04-12 | 2023-12-31 | 0001193125-24-094635 ↗ |
| 20-F | 2023-04-03 | 2022-12-31 | 0001193125-23-089710 ↗ |
| 20-F | 2022-03-29 | 2021-12-31 | 0001193125-22-088105 ↗ |