The earnings call highlighted strong production performance, effective cost management, and significant progress on the Blackrod Phase 1 project. However, the company faced challenges with negative free cash flow and increased net debt due to lower oil prices. The overall sentiment is balanced with both positive operational achievements and financial challenges.

Company Guidance -

Q3 2025

During IPC's second-quarter results update for 2025, the company maintained its full-year production guidance at 43,000 to 45,000 barrels of oil equivalent per day, with Q2 production averaging 43,600 BOE per day. Operating costs for Q2 were slightly below guidance at $17.80 per BOE, while full-year operating expenditure is expected to be between $18 and $19 per barrel. Capital expenditure for the year remains projected at USD 320 million, with USD 199 million spent in the first half, including USD 138 million allocated to the Blackrod Phase 1 development. The company reported operating cash flow of USD 55 million for the quarter, with a full-year outlook of USD 245 million to USD 260 million, assuming Brent prices of $60 to $75 per barrel. Despite a negative free cash flow of USD 58 million in Q2, IPC remains financially stable with a net debt of USD 375 million and gross cash of USD 79 million, alongside an undrawn revolving credit facility of CAD 250 million. The company also progressed 85% through its share repurchase program, with plans to complete it by December 2025.

Strong Production Performance

Average daily production rates were 43,600 barrels of oil equivalent per day, in line with guidance. The full-year production guidance is maintained at 43,000 to 45,000 barrels per day.

Operational Cost Management

Operating costs for the quarter were slightly below guidance at $17.80 per barrel. The full-year operating expenditure outlook is maintained between $18 and $19 a barrel.

Blackrod Phase 1 Development Progress

Significant progress on the Blackrod Phase 1 development with $138 million out of the $199 million spent in the first 6 months allocated towards it. The project is on time and on budget.

Hedging Strategy

Increased oil hedging exposure with 4,000 barrels per day for the second half of 2025 in the form of 0 cost collars between $65 and $75 a barrel WTI.

Share Repurchase Program

85% progress through the NCIB program with an average repurchase price of SEK 140 per share. Intention to complete the program before expiry in December.

International Petroleum Corporation (TSE:IPCO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:IPCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.17 / -	0.263	―	―	―
Aug 05, 2025	2025 (Q2)	0.08 / 0.17	0.494	-66.60% (-0.33)	―	―
May 06, 2025	2025 (Q1)	0.18 / 0.19	0.371	-49.60% (-0.18)	―	―
Feb 11, 2025	2024 (Q4)	0.26 / 0.00	0.301	―	―	―
Nov 05, 2024	2024 (Q3)	0.32 / 0.26	0.75	-64.93% (-0.49)	―	―
Jul 30, 2024	2024 (Q2)	0.44 / 0.49	0.333	48.35% (+0.16)	―	―
May 07, 2024	2024 (Q1)	0.30 / 0.37	0.391	-5.12% (-0.02)	―	―
Feb 06, 2024	2023 (Q4)	0.30 / 0.30	0.628	-52.07% (-0.33)	―	―
Oct 31, 2023	2023 (Q3)	0.53 / 0.75	0.845	-11.24% (-0.09)	―	―
Aug 01, 2023	2023 (Q2)	0.39 / 0.33	0.875	-61.94% (-0.54)	―	―

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
Aug 05, 2025	C$22.83	C$23.12	+1.27%
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%

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 Nov 04, 2025, Before Open (Confirmed).

What is International Petroleum Corporation (TSE:IPCO) earnings time?

International Petroleum Corporation (TSE:IPCO) earnings time is at Nov 04, 2025, Before Open (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 (Q3) is 0.17.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing