IMPP
Imperial Petroleum Inc.
IMPP's fundamentals are strong: revenue grew 89% and its operating margin rose 13 points to 35%. At 2.3x earnings, it's trading below its usual 2.6x.
IMPP Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Healthy |
IMPP's revenue, profitability, cash flow and balance sheet are all currently healthy.
IMPP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.2x | $4.11 | -7.2% |
| Current | 2.3x | $4.43 | — |
| Fair | 2.6x | $5.04 | +14% |
| Expensive | 3.5x | $6.61 | +49% |
Historical ranges are pointers, not guarantees.
IMPP's PE is in its cheap range at 2.3x.
IMPP Forward outlook
There aren't enough analyst estimates for IMPP to show an outlook.
IMPP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.91 | +79% |
| Q1 2026 | $1.55 | +16% |
| Q4 2025 | $1.31 | -15% |
| Q3 2025 | $1.07 | -14% |
| Q2 2025 | $1.07 | -24% |
| Q1 2025 | $1.34 | -16% |
| Q4 2024 | $1.55 | -55% |
IMPP's earnings per share have fallen from their peak: $1.91 over the past year, against $3.42 in late 2023.
IMPP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $87.1M | +140% |
| Q1 2026 | $61.7M | +92% |
| Q4 2025 | $51.1M | +95% |
| Q3 2025 | $41.4M | +25% |
| Q2 2025 | $36.3M | -23% |
| Q1 2025 | $32.1M | -22% |
| Q4 2024 | $26.2M | -12% |
| Q3 2024 | $33M | +12% |
IMPP's revenue has grown year over year for four quarters in a row: $87M last quarter, up 140% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 38% | +15 points |
| Q1 2026 | 43% | +19 points |
| Q4 2025 | 27% | +7.6 points |
| Q3 2025 | 25% | +6.5 points |
| Q2 2025 | 22% | -15 points |
| Q1 2025 | 24% | -13 points |
| Q4 2024 | 19% | +9.3 points |
| Q3 2024 | 18% | -19 points |
IMPP's operating margin was 38% last quarter, up 15 points from the same quarter a year ago.
IMPP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $41.6M | +95% |
| Q1 2026 | $36.4M | +76% |
| Q4 2025 | $23.7M | +163% |
| Q3 2025 | $14.2M | -48% |
| Q2 2025 | $21.3M | +6.3% |
| Q1 2025 | $20.7M | +$74.1M |
| Q4 2024 | $9M | +82% |
| Q3 2024 | $27.6M | +224% |
IMPP generated $116M in free cash flow over the past year, up 48% from the year before.
IMPP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +513K shares |
| 1 year | +37% | +13M shares |
| 3 years | +125% | +26.8M shares |
IMPP has 48M diluted shares, up 37% from a year ago, despite $11M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $8.4M |
| Q1 2026 | $2.2M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $60,894 |
| Q3 2024 | $36,178 |
IMPP spent $11M buying back its own shares over the past year, more than ten times what it spent the year before.
IMPP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -2.0x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
| Q3 2024 | -2.4x | Net Cash |
IMPP has more cash than debt.
IMPP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 20.8 | Neutral |
IMPP's weekly RSI is 43 (neutral) and its Stochastic is 21 (neutral).
IMPP PE vs Energy Sector
| Metric | IMPP | Sector median | Relative |
|---|---|---|---|
| PE | 2.3x | 13x | 82% below |
| PE % | 26 | 61 | 35 pts below |
IMPP is trading at 2.3x earnings, a 82% discount to the Energy sector's median of 13x.
IMPP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.96 | 11% below |
| 20 week MA | $5.01 | 12% below |
| 50 week MA | $4.62 | 4.1% below |
| 100 week MA | $4.01 | 10% above |
| 200 week MA | $3.54 | 25% above |
IMPP has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 25% above its 200-week average.
IMPP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $40.2 | $31.7 | -21% |
| 2022 | $31.7 | $4.11 | -87% |
| 2023 | $4.11 | $2.64 | -36% |
| 2024 | $2.64 | $2.90 | +9.8% |
| 2025 | $2.90 | $3.72 | +28% |
| 2026 YTD | $3.72 | $4.43 | +19% |
IMPP has finished lower in three of the last five years. It's up 19% so far in 2026.