International Petroleum (TSE:IPCO) Releases Earnings Results

International Petroleum (TSE:IPCO) released its quarterly earnings results on Tuesday. The company reported C$0.74 EPS for the quarter, FiscalAI reports. International Petroleum had a net margin of 2.81% and a return on equity of 2.33%. The firm had revenue of C$301.74 million during the quarter.

Here are the key takeaways from International Petroleum’s conference call:

• Blackrod is ramping ahead of expectations, with production exceeding 10,000 barrels per day and well pairs performing in line with or slightly above type-curve estimates. IPC continues to target 30,000 barrels per day by the end of 2027, with potential future expansion from 2028.
• Q3 operating cash flow was $79 million and free cash flow was $27 million, while net debt declined to $473 million and leverage fell to below 1.8 times trailing EBITDA. Full-year 2026 operating cash flow guidance is $275 million-$350 million, with free cash flow guidance of $35 million-$110 million.
• IPC raised 2026 capital expenditure guidance to $185 million from $163 million to fund additional thermal projects, including Onion Lake infill wells, Southern Alberta drilling and Blackrod resource maturation. Most of the resulting production contribution is expected in late 2026 and 2027.
• The company remains largely unhedged to benchmark Brent and WTI prices, preserving upside to strong oil prices, while maintaining more than $200 million of available Canadian bank liquidity. IPC also repurchased 1.3 million shares and plans to renew its normal-course issuer bid in December.

International Petroleum Stock Performance

IPCO opened at C$36.91 on Tuesday. The firm has a market cap of C$4.12 billion, a P/E ratio of 194.26 and a beta of 0.17. International Petroleum has a 1-year low of C$22.25 and a 1-year high of C$40.93. The company has a 50 day simple moving average of C$36.45 and a two-hundred day simple moving average of C$33.99. The company has a debt-to-equity ratio of 56.91, a current ratio of 0.97 and a quick ratio of 3.93.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IPCO. TD set a C$38.00 target price on shares of International Petroleum and gave the stock a “hold” rating in a report on Friday, September 11th. Scotiabank set a C$38.00 price target on shares of International Petroleum and gave the company a “sector outperform” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$38.20.

Insider Transactions at International Petroleum

In other International Petroleum news, Director William A.W. Lundin acquired 33,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average cost of C$30.69 per share, for a total transaction of C$1,012,770.00. Following the completion of the transaction, the director directly owned 624,012 shares of the company’s stock, valued at approximately C$19,150,928.28. The trade was a 5.58% increase in their ownership of the stock. Insiders own 35.60% of the company’s stock.

About International Petroleum

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.