Imperial Petroleum Inc. (IMPP) Q3 2025 Earnings Call Prepared Remarks Transcript
Summarize this article with:
SA Transcripts157.31K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Imperial Petroleum Inc. (IMPP) Q3 2025 Earnings Call December 11, 2025 10:00 AM EST Company Participants Harry Vafias - CEO, President & ChairmanIfigeneia Sakellari - Interim CFO & Secretary Presentation Operator Good day, and thank you for standing by. Welcome to the Q3 2025 Imperial Petroleum Results Conference Call and Webcast. [Operator Instructions] Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, Mr. Harry Vafias, CEO of Imperial Petroleum. Please go ahead, sir. Harry VafiasCEO, President & Chairman Good morning, everyone, and thank you for joining us for our third quarter 9 months 2025 Conference Call. I'm Harry Vafias, the CEO of Imperial Petroleum. And joining us today is Ms. Sakellari, who will be discussing our financial performance. Before we commence our discussion, please read the safe harbor disclaimer on Slide 2. In essence, it's made clear that this presentation may contain some forward-looking statements as defined by the Private Securities Litigation Reform Act. We raise the attention of our investors to the fact that such forward-looking statements are based upon the current beliefs and expectations of Imperial Petroleum and are subject to risks and uncertainties, which could cause future results to differ materially from these forward-looking statements. In addition, we'd like to clarify that during this conference call, we will quote monetary amounts unless explicitly stated otherwise, are all denominated in U.S. dollars. On Slide 3, we're summarizing our key operational and financial highlights for Q3 '25. Our operating performance in the third quarter was most satisfactory. This was the first quarter that our recently acquired 7 drybulk ships were fully integrated. Due to this integration, our fleet calendar days increased by 36.1% quarter-on-quarter. Our fleet operational utilization for Q3 '25 was quite high, about 89%, much improved compared to the same quarter of last year when Recommended For You