Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
International Petroleum Corporation (TSE:IPCO)
TSX:IPCO
Holding TSE:IPCO?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 19.24%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, a robust balance sheet, and progress in strategic projects like Blackrod. However, challenges such as negative free cash flow due to high capital expenditure and low gas prices were noted. The company remains optimistic about future growth and sustainability goals.Company Guidance
During IPC's Q3 2024 earnings call, the company provided detailed guidance on various financial and operational metrics. The company maintained its full-year production guidance between 46,000 to 48,000 BOE per day, with Q3 production averaging 45,000 BOE per day. Operating costs were reported at $17.90 per BOE, slightly below guidance, leading to a revised full-year forecast of below $18 per BOE. IPC anticipates full-year operating cash flow to range from $335 million to $342 million, despite Q3 free cash flow showing a deficit of $38 million, or a positive $44 million excluding Blackrod growth spending. The company highlighted its investment in growth, particularly the Blackrod Phase 1 development, with $245 million spent year-to-date and a total 2024 CapEx guidance of $437 million. Additionally, IPC underscored its robust balance sheet with net debt at $157 million and gross cash resources nearing $300 million. The company also emphasized its commitment to sustainability, reporting no material safety incidents and progress towards emissions reduction targets. On shareholder returns, IPC has repurchased 7.5 million shares and plans to renew its buyback program in December 2024.Production and Operational Performance
Average production of 45,000 BOEs per day in Q3, in line with the forecast. Full year 2024 production guidance is maintained at 46,000 to 48,000 BOEs per day. Operating costs for the quarter were slightly below guidance at $17.90 per BOE, with full-year costs expected below $18 per BOE.
Strong Balance Sheet and Liquidity
Net debt at USD 157 million, with gross cash resources of nearly USD 300 million. The company also has access to a CAD 180 million revolving credit facility.
Continued Share Buybacks
7.5 million shares purchased under the NCIB program by the end of September. Approval received to renew the NCIB program in December.
Progress at Blackrod Phase 1
USD 485 million spent on the project to date, with progress in line with schedule and budget. First oil expected in 2026.
Sustainability Achievements
No material safety incidents in Q3. On track to achieve a net emissions intensity reduction target by 2025, extended through to 2028.
---
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 |
|---|---|---|---|
| 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% |
| Feb 06, 2024 | C$14.36 | C$13.57 | -5.50% |
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 Feb 11, 2025, TBA Not Confirmed.
What is International Petroleum Corporation (TSE:IPCO) earnings time?
International Petroleum Corporation (TSE:IPCO) earnings time is at Feb 11, 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 2024 (Q4) is 0.3.
---