International Petroleum Corp's latest earnings report shows a significant shortfall in expected profits, raising concerns about its future performance.
International Petroleum Corp (IPCO.TO) reported its second-quarter earnings on August 3, 2026, with earnings per share (EPS) of $0.09, falling short of analyst estimates by 59.1%. This stark decline contrasts sharply with previous quarters and raises questions about the company's operational efficiency and market positioning.
Recent earnings trend
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International Petroleum Corp
IPCO.TO
IPCO.TO
International Petroleum Corp
WealthAwesomeMarket cap
$3.42B
P/E
97.8x
52W high
$39.47
52W low
$20.74
1W change
-3.60%
Beta
0.90
Analyst Price Targets
Based on analyst covering IPCO
Wall Street analysts forecast IPCO stock price to rise 37.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$40.51
+37.4% Upside
Current Price
C$29.48
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IPCO's historical volatility
30-Day Vol
35.3%
Annualized
90-Day Vol
40.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$24.66
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$27.78 | C$24.59 – C$31.38 |
| 60 trading days | C$26.17 | C$22.03 – C$31.10 |
| 90 trading days | C$24.66 | C$19.96 – C$30.46 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 0.4800 | — |
| 2026-06-30 | 2026-08-03 | 0.0900 | 0.2200 | -59.1% |
| 2026-03-31 | 2026-05-05 | 0.1100 | 0.0800 | +37.5% |
| 2025-12-31 | 2026-02-10 | -0.0300 | 0.1000 | -130.0% |
| 2025-09-30 | 2025-11-04 | 0.0300 | 0.1300 | -76.9% |
| 2025-06-30 | 2025-08-05 | 0.1200 | 0.0800 | +50.0% |
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Investor takeaway: The substantial earnings miss indicates potential operational challenges for IPCO, even as it achieves important milestones like the first oil at Blackrod. Investors should keep a close eye on the company's production growth, cash flow management, and debt levels moving forward.
EPS Misses by 59.1%
With an EPS of $0.09 compared to an estimate of $0.22, IPCO's earnings performance has alarmed investors, suggesting potential inefficiencies and market challenges.
Bull case
The company successfully achieved first oil at its Blackrod project ahead of schedule and is on track to meet its full-year production guidance. The expected increase in production could lead to better cash flows and improved operational efficiency in the latter half of 2026.
Bear case
The significant EPS miss raises concerns about how well IPCO manages its operational costs and its exposure to market fluctuations, especially given high net debt levels and a cautious approach to production guidance despite reaching key milestones.
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