Imperial Petroleum Inc. (IMPP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Q3 2025 Imperial Petroleum Results Conference call and webcast. At this time, all participants are in a listen-only mode with no question and answer session at the end. Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, Mr. Harry Vakia, CEO of Imperial Petroleum. Please go ahead, sir. Good morning, everyone, and thank you for joining us for our third quarter, nine-month, 2025 conference call. I'm Harry Vafios, the CEO of Imperial Petroleum, and joining us today is Mrs. Sakellari, 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 Privacy Critics 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 would 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 three, we're summarizing our key operational financial highlights for Q3-25. Our operating performance in the third quarter was most satisfactory. This was the first quarter that our recently acquired seven dry box 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 compa...