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International Petroleum Corporation (TSE:IPCO)
TSX:IPCO
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 4.29%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements in investment, production, and safety measures offset by challenges in cash flow and commodity price exposure. Despite a negative free cash flow due to high capital expenditure, the company's operational and financial strategies show resilience and a focus on long-term growth.Company Guidance
During the 2024 year-end update call, IPC reported a record investment of $442 million, with $350 million allocated to the Blackrod Phase 1 development. The company's production averaged 47,400 barrels of oil equivalent per day, aligning with their guidance of 46,000 to 48,000 boes per day. Operating expenses were reported at $17 per barrel for the year, below the revised guidance of less than $18 per boe. IPC generated $342 million in operating cash flow and ended the year with a net debt of $209 million and gross cash of $247 million. The company completed its NCIB program by repurchasing 8.3 million shares and initiated a new program to buy back up to 7.5 million shares by December 2025. IPC also reported no significant health or environmental incidents and is on track to achieve its net emissions intensity reduction target by 2025.Record Investment Year
IPC achieved record investment of $442 million, with $350 million allocated to the Blackrod Phase 1 development, in line with original guidance.
Production Achievements
Annual production was 47,400 boes per day, in line with guidance of 46,000 to 48,000 boes per day.
Strong Cash Flow and Cost Control
Generated $342 million in operating cash flow with operating costs of $17 per boe for the full year, below initial guidance.
Successful Share Buyback
Completed 2023-2024 NCIB by repurchasing and canceling 8.3 million shares, with a new program to purchase up to 7.5 million shares.
Environmental and Safety Milestones
No material health or environmental incidents recorded, with a 35% reduction in total recordable incident rate.
Strong Balance Sheet
Net debt of $209 million with $247 million in gross cash and CAD180 million undrawn RCF.
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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
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TSE:IPCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 07, 2024 | C$17.36 | C$17.28 | -0.46% |
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.
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FAQ
When does International Petroleum Corporation (TSE:IPCO) report earnings?
International Petroleum Corporation (TSE:IPCO) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is International Petroleum Corporation (TSE:IPCO) earnings time?
International Petroleum Corporation (TSE:IPCO) earnings time is at May 06, 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 (Q1) is 0.18.
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