Imperial Petroleum Inc. (IMPP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Q2 and 6th month 2025 Financial Operating Results of Imperium Petroleum Results Conference Call and Webcast. At this time, all participants are in a listen-only mode with no question and answer session. Please note that today's conference is being recorded. I would now like to have the conference over to your first speaker, Mr. Harry Vafias, CEO of Imperium Petroleum. Please go ahead. Good morning, everyone, and thank you for joining us on our second quarter and six months 2025 conference call. I'm Harry Vafsias, the CEO of Imperial Petroleum, and joining me on today is Fenia Sakellaris, 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 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 incentives which could cause future results to differ materially from these forward-looking statements. In addition, we'd like to clarify, we will quote monetary amounts unless explicitly stated otherwise in U.S. dollars. On slide three, we're summarizing our key operational and financial highlights for Q2-25. What governed Q2 2025 was our impressive fleet expansion, as within a single quarter we took delivery of seven dry bulk ships, expanding our fleet by about 56% and reaching 19 non-Chinese built vessels. Imperial Petroleum is now a company of a material size that operates a combined fleet of tanker and dry bulk ships. The majority of these dry bulk ...