Imperial Oil Limited (IMO) Earnings

metirFinance

Sep 2026upcoming

Next quarter

Reports Oct 30, 2026, before the open.

Consensus is $3.91 EPS for Sep 2026 across 2 estimates, ranging $3.35 to $4.48.

IMO Jun 2026

Reported Jul 31, 2026

: 9.36%
: -2.49%

: $2.99
: $3.27
: —
: $13.55B

Reported results

: $13.55B; from $9.56B
: $2.19B; from $949.00M
: $4.52; from $1.86

Highlights

Second-quarter revenue was C$15.981 billion, compared with C$11.208 billion in the same quarter of 2025; total revenues and other income were C$16.062 billion.
Net income was C$2.190 billion, or C$4.53 per basic share and C$4.52 diluted, versus net income of C$949 million and diluted earnings of C$1.86 per share in the prior-year quarter.
For the six months ended June 30, revenue was C$28.397 billion and net income was C$3.130 billion, compared with C$23.674 billion and C$2.237 billion, respectively, in 2025.
Operating cash flow was C$2.704 billion in the quarter, while additions to property, plant and equipment were C$530 million; six-month capex was C$1.005 billion.
Cash and cash equivalents increased to C$2.839 billion from C$1.142 billion at December 31, 2025. The supplied filing excerpt does not provide Upstream, Downstream or Chemical segment figures, subscriber or unit counts, or forward guidance ranges.

Analysis

No consensus figures are on file, so the quarter cannot be assessed against an external earnings estimate. Imperial reported a substantial year-over-year improvement: revenue increased from C$11.208 billion to C$15.981 billion, while net income rose from C$949 million to C$2.190 billion. Compared with the preceding quarter, revenue increased from C$9.83 billion and net income increased from C$0.94 billion. Higher revenue was accompanied by higher purchases of crude oil and products, which rose to C$10.641 billion from C$7.215 billion, and production and manufacturing costs increased to C$1.819 billion from C$1.664 billion. Selling and general expense declined to C$144 million from C$251 million, while federal excise tax and fuel charge fell to C$70 million from C$372 million. The supplied material does not identify which operating segments carried or dragged results, nor does it provide quarterly margin figures.

Guidance

No forward guidance was given in the supplied filing. Management provided no revenue, earnings, production, margin or capital-expenditure range for the remainder of 2026, and there is no prior guide in the material against which to compare. The report does provide actual spending: additions to property, plant and equipment were C$530 million in the second quarter and C$1.005 billion for the six months ended June 30, versus C$471 million and C$869 million in the comparable 2025 periods. These are reported results, not a forecast, and the excerpt contains no assumptions or caveats about future commodity prices, operating conditions or project timing.

What drove it

Revenue growth — Revenue rose to C$15.981 billion in the second quarter from C$11.208 billion a year earlier.
Earnings improvement — Net income increased to C$2.190 billion from C$949 million, with diluted earnings per share rising to C$4.52 from C$1.86.
Cost structure — Selling and general expense fell to C$144 million from C$251 million, while purchases of crude oil and products increased to C$10.641 billion from C$7.215 billion.
Capital spending — Additions to property, plant and equipment were C$530 million in the quarter and C$1.005 billion through six months.

Watch items

The filing provides no forward guidance ranges, leaving future revenue, earnings, production and capital spending expectations unspecified.
Purchases of crude oil and products increased to C$10.641 billion from C$7.215 billion, while production and manufacturing expense rose to C$1.819 billion from C$1.664 billion.
Accounts receivable increased to C$8.172 billion from C$4.371 billion at December 31, 2025, and the six-month change in accounts receivable used C$3.801 billion of operating cash flow.
Capital spending increased to C$1.005 billion for the first six months from C$869 million in the comparable 2025 period.

Imperial Oil Limited

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