Canada's InPlay Oil Q1 revenue more than doubles on higher output and prices

InPlay Oil

08/05/2026 12:38

Overview

Canada oil producer's Q1 revenue more than doubled yr/yr on higher production and prices

Adjusted funds flow for Q1 rose 80% from a year earlier

Company posted a net loss due to a large unrealized hedging loss

Outlook

InPlay Oil reiterates 2026 average annual production guidance of 18,600–19,200 boe/d

Company raises 2026 AFF forecast to C$147 mln (mid-point) from C$125 mln

Company increases 2026 FAFF forecast to C$77 mln (mid-point) from C$55 mln

Result Drivers

PRODUCTION GROWTH - Q1 production more than doubled yr/yr, driven by new Pembina ERH wells exceeding internal estimates

HIGHER OIL PRICES - Company benefited from significantly higher crude oil prices, especially in March and April

HEDGING LOSSES - Realized hedging losses offset some gains from higher prices and production

Company press release: ID:nCNW40T5ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$88.44 mln
C$75.46 mln (2 Analysts)
Q1 Net Income
-C$34.60 mln
Q1 Operating Income
C$45.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for InPlay Oil Corp is C$19.75, about 15.6% above its May 7 closing price of C$17.09

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)