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International Petroleum Corporation (TSE:IPCO)
TSX:IPCO
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 5.24%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a strong operational and financial performance with strategic progress in key projects like Blackrod Phase 1. Effective hedging strategies and a successful share repurchase program further highlight the company's robust management. However, negative free cash flow, increased net debt, and market volatility present challenges that the company must navigate.Company Guidance
During IPC's 2025 First Quarter Results Update Presentation, the company provided a robust set of metrics reflecting strong performance. The portfolio achieved a production rate of 44,000 barrels of oil equivalent per day, aligning with the guidance for the quarter. The full year production guidance remains unchanged at 43,000 to 45,000 barrels per day. Operating costs for Q1 were $17.30 per barrel, slightly below the full year guidance of $18 to $19. Capital expenditure for 2025 is set at US$320 million, with nearly $100 million spent in Q1, including $77 million on the Blackrod Phase 1 project. The company generated $75 million in operating cash flow for the first quarter, with a negative free cash flow of $43 million due to growth capital expenditure. The full year operating cash flow is projected to be between $240 million and $270 million. Net debt stood at US$314 million, with gross cash resources of US$140 million. The company has hedged 50% of its WTI to WCS differential exposure at $14 per barrel and 40% of its Canadian crude at a WTI price of $71. The share repurchase program has seen significant progress, with 5.7 million shares repurchased since December 2024, nearing three-quarters completion of the buyback program.Strong Production and Financial Performance
The company delivered 44,000 barrels of oil equivalent per day in Q1, in line with guidance. Operating cash flow for Q1 was $75 million, with an EBITDA of $71 million.
Blackrod Phase 1 Progress
Significant progress on the Blackrod Phase 1 project, with $77 million spent in Q1. The project is on time and on budget, expected to deliver First Oil in 2026.
Effective Hedging Strategy
About 50% of WTI to WCS differential exposure hedged at $14 a barrel, 40% of Canadian crude at $71 WTI, and 40% of Brent exposure at $76, providing downside protection.
No Material Safety Incidents
No material safety incidents were reported in the first quarter, indicating strong health and safety management.
Share Repurchase Program
Purchased 75 million shares since inception at significantly low prices, creating value through buybacks. The company is close to completing its NCIB program.
International Petroleum Corporation (TSE:IPCO) Earnings, Revenues Date & History
TSE:IPCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:IPCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | C$18.33 | C$18.92 | +3.22% |
Feb 11, 2025 | C$19.81 | C$18.89 | -4.64% |
Nov 05, 2024 | C$16.06 | C$15.75 | -1.93% |
Jul 30, 2024 | C$19.34 | C$19.48 | +0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does International Petroleum Corporation (TSE:IPCO) report earnings?
International Petroleum Corporation (TSE:IPCO) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is International Petroleum Corporation (TSE:IPCO) earnings time?
International Petroleum Corporation (TSE:IPCO) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IPCO EPS forecast?
TSE:IPCO EPS forecast for the fiscal quarter 2025 (Q2) is 0.1.