Imperial Petroleum Inc. reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported sales was USD 26.21 million compared to USD 29.88 million a year ago. Net income was USD 3.92 million compared to USD 6.46 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the full year, sales was USD 147.48 million compared to USD 183.73 million a year ago. Net income was USD 50.16 million compared to USD 71.13 million a year ago. Basic earnings per share from continuing operations was USD 1.54 compared to USD 3.22 a year ago. Diluted earnings per share from continuing operations was USD 1.4 compared to USD 2.93 a year ago.