Imperial Petroleum Inc. (IMPP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Imperial Petroleum Q1 2025 results conference call and webcast. All participants will be in a listen-only mode during the conference with no question and answer session. Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, Mr. Harry Vafia, CEO of Imperial Petroleum. Please go ahead. Good morning, everybody, and thank you all for joining us at our Q125 conference call for Imperial Petroleum. I'm Harry Vafias, the CEO of the company. Joining me on the call is Mrs. Fenia Sakilaris, who will be discussing our financial performance. Before we commence our discussion, please read the Safe Harbor disclaimer on slide two. In essence, it's 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 incentives which would cause future results to differ materially from these forward-looking statements. In addition, we'd like to clarify that during this call, we will quote monetary amounts. These, unless explicitly stated otherwise, are all denominated in U.S. dollars. On slide three, we're summarizing our key operational and financial highlights for Q125. The first quarter of this year was quite eventful with policies such as U.S. tariffs, sanctions on tankers involved in Russian oil, and UST port fees on Chinese-built vessels. These terminal events, along with ongoing geopolitical factors such as the Russian-Ukraine war, brought volatility to the rates, particularly for tankers. The quarter commenced...