Canada's InPlay Oil Q2 revenue rises on higher output and prices

InPlay Oil

13/08/2026 12:43

Overview
Canada light oil producer's Q2 revenue rose yr/yr, driven by higher production and prices
Adjusted funds flow for Q2 reached record levels, supported by strong operational execution

Outlook
InPlay Oil raises 2026 average annual production guidance to 18,900-19,400 boe/d
Company increases 2026 AFF forecast by 12% to C$165 mln (mid-point)
2026 free adjusted funds flow now expected at C$84 mln (mid-point), up from C$77 mln

Result Drivers
HIGHER OIL PRICES - Co said increased realized oil prices contributed to higher revenue and record adjusted funds flow
STRONG PRODUCTION - Light oil production rose 6% from Q1 and exceeded internal forecasts, supporting improved financial results
OPERATIONAL EXECUTION - Drilling and completion operations were completed under budget and ahead of schedule, boosting efficiency

Company press release: ID:nCNW4Mwf6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Oil and natural gas sales
Beat
C$124.10 mln
C$104 mln (1 Analyst)
Q2 Net Income
 
C$22.90 mln
 
Q2 Operating Income
 
C$68.37 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$24.00, about 48.5% above its August 12 closing price of C$16.16
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 34 three months ago

Reuters Recommended Reads
Aug 11 - Canada's Questerre Energy Q2 revenue rises on higher production, oil prices
Aug 11 - Canada's Meren Energy Q2 net income rises on low-cost production; raises 2026 EBITDAX outlook
Aug 12 - Canada's Prairie Provident Q2 net loss narrows; debt covenant breached

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(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.)