International Petroleum posts Q2 FY26 net profit of USD 9.92 million; revenue rises to USD 185.74 million

Reuters2026/08/04 05:30

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International Petroleum posted Q2 net result of USD 9.92 million, down 28% from a year earlier, as revenue rose 17% to USD 185.74 million.
Operating cash flow increased 21% to USD 66.52 million, while free cash flow swung to USD 3.9 million from a negative USD 58.25 million.
Average net production was 42,200 boepd, with operating costs of USD 19.1 per boe.
Blackrod Phase 1 achieved first oil in May 2026 ahead of schedule and on budget, with 30,000 bopd plateau now expected by late 2027.
Full-year guidance was maintained for production at 44,000-47,000 boepd and operating costs at USD 18-20 per boe; OCF outlook was revised to USD 230-330 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Petroleum Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040130PRIMZONEFULLFEED9802642) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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International Petroleum posts Q2 FY26 net profit of USD 9.92 million; revenue rises to USD 185.74 million

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