IMPERIAL PETROLEUM INC. will announce third quarter financial results on December 2, 2024, followed by a management conference call.
Quiver AI Summary
IMPERIAL PETROLEUM INC. announced it will release its financial results for the third quarter and nine months ending September 30, 2024, before the market opens in New York on December 2, 2024. The company will hold a conference call at 10:00 am ET on the same day to discuss the results and its operations, and participants must pre-register to obtain access details. IMPERIAL PETROLEUM INC. operates a fleet of eleven vessels that include product tankers and drybulk carriers, with plans to expand its fleet further. The company's stock trades on the Nasdaq Capital Market under the symbols “IMPP” and “IMPPP.”
Potential Positives
- Upcoming release of third quarter and nine months financial results signals transparency and commitment to shareholder communication.
- Management will host a conference call to discuss financial results and company outlook, indicating proactive engagement with investors.
- Company expanding fleet with the acquisition of additional vessels, which may enhance capacity and operational capabilities.
- IMPERIAL PETROLEUM INC.'s stock is publicly traded on the Nasdaq, providing accessibility for investors and potential for market visibility.
Potential Negatives
- Company has not provided any preliminary indicators or forecasts about the expected financial results, which may raise concerns among investors about poor performance.
- Announcement of the financial results release indicates a lack of transparency in sharing financial health and operational performance ahead of the scheduled results call.
- The reliance on a conference call for results discussion may limit broader access for shareholders and interested parties who cannot tune in, potentially affecting stakeholder engagement.
FAQ
When will Imperial Petroleum Inc. release its financial results?
Imperial Petroleum Inc. will release its financial results before the market opens on December 2, 2024.
What time is the conference call on December 2, 2024?
The conference call will take place at 10:00 am ET on December 2, 2024.
How can I participate in the conference call?
Participants should pre-register to receive the dial-in numbers and a personal PIN required for the call.
Where can I find the webcast of the conference call?
The webcast will be available on the Imperial Petroleum Inc. website, with live and archived access.
What is the current fleet size of Imperial Petroleum Inc.?
Currently, Imperial Petroleum Inc. owns eleven vessels, with plans to add more, totaling 19 vessels after future deliveries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IMPP Hedge Fund Activity
We have seen 19 institutional investors add shares of $IMPP stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIMPLEX TRADING, LLC added 592,569 shares (+2829.6%) to their portfolio in Q3 2024
- DEUTERIUM CAPITAL MANAGEMENT, LLC added 572,191 shares (+143.6%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 528,360 shares (+101.0%) to their portfolio in Q3 2024
- GROUP ONE TRADING, L.P. added 353,259 shares (+inf%) to their portfolio in Q2 2024
- CITADEL ADVISORS LLC added 171,861 shares (+296.2%) to their portfolio in Q3 2024
- ALLEGHENY FINANCIAL GROUP LTD added 155,994 shares (+inf%) to their portfolio in Q3 2024
- WEXFORD CAPITAL LP added 92,105 shares (+41.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATHENS, Greece, Nov. 27, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its third quarter and nine months financial results for the period ended September 30, 2024 before the market opens in New York on December 2, 2024.
On December 2, 2024 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.
Conference Call details:
Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.
Online Registration:
https://register.vevent.com/register/BI58bf738ae0ac4adfb87e3222819503a9
Slides and audio webcast:
There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.imperialpetro.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
ABOUT IMPERIAL PETROLEUM INC.
IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of eleven vessels on the water - six M.R. product tankers, two suezmax tankers and three handysize drybulk carriers - with a total capacity of 711,000 deadweight tons (dwt), and has contracted to acquire an additional 40,000 dwt M.R. product tanker and an additional seven drybulk carriers of 443,000 dwt aggregate capacity. Following these deliveries the Company’s fleet will count a total of 19 vessels. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.
Company Contact:
Fenia Sakellaris
IMPERIAL PETROLEUM INC.
info@imperialpetro.com
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