The earnings call presented a balanced view with significant progress in operational stability, strategic investments, and stakeholder engagement. However, financial challenges, such as negative free cash flow and increased net debt, due to heavy capital expenditure at Blackrod, were highlighted. The company remains confident in meeting its production guidance and is strategically positioned with its hedging and investment plans.

Company Guidance -

Q3 2025

In the second quarter of 2025, IPC delivered robust operational and financial performance, maintaining an average daily production rate of 43,600 barrels of oil equivalent per day, in line with their guidance of 43,000 to 45,000 barrels for the year. Operating costs were $17.80 per barrel, slightly below the annual forecast of $18 to $19. The company spent $199 million on capital expenditures in the first half of the year, with $138 million allocated to the Blackrod Phase 1 development, which remains on schedule and budget. Operating cash flow for Q2 was $55 million, consistent with expectations, and the full-year outlook is between $245 million and $260 million. However, free cash flow for the quarter was negative $58 million, with an annual forecast of negative $135 million to $120 million, factoring in significant Blackrod investments. IPC's net debt stood at $375 million, with an undrawn revolving credit facility of CAD 250 million, indicating solid liquidity. The company continued its share repurchase program, progressing 85% at an average price of SEK 140 per share. They reiterated their commitment to complete this program by December, aligning with their strategy of shareholder returns through buybacks, given the 40% discount to intrinsic value.

Production In Line with Guidance

The company maintained its production guidance with an average daily production rate of 43,600 barrels of oil equivalent per day, consistent with the forecasted range of 43,000 to 45,000 BOE per day.

Successful Investor Engagement

The company hosted a successful investor and analyst site visit to the Blackrod Phase 1 development, which was well-received, showcasing the world-class asset.

Strong Operating Cash Flow

The operating cash flow for the quarter was USD 55 million, in line with expectations, with a full-year forecast between USD 245 million to USD 260 million.

Operational Stability and No Incidents

There were no material safety or environmental incidents reported during the quarter, and the company released its sixth annual sustainability report.

Significant Share Repurchase Progress

The company made significant progress in its NCIB program, with 85% completion, and aims to complete it by December.

Strategic Hedging Decisions

The company increased its oil hedging exposure during a price spike due to geopolitical tensions, adding 4,000 barrels per day for the second half of 2025 with 0 cost collars between $65 and $75 a barrel WTI.

No Tariff Impact on Canadian Crude

The company confirmed that recent U.S. tariffs do not impact crude imports from Canada, ensuring stability in its key markets.

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)	0.16 / -	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 Co (TSE:IPCO) report earnings?

International Petroleum Co (TSE:IPCO) is schdueled to report earning on Nov 04, 2025, Before Open (Confirmed).

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

International Petroleum Co (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 0.16.

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