earnings
confidence high
sentiment negative
materiality 0.75
Imperial Oil Q1 net income $940M, EPS $1.94; Downstream capacity utilization 88%
IMPERIAL OIL LTD
2026-Q1 EPS reported
$1.94
revenue$12,446,000,000
- Net income $940M ($1.94 diluted EPS) vs $1,288M ($2.52) in Q1 2025, down 27%.
- Cash from ops $756M; cash from ops excl working capital $1,239M, down from $1,760M YoY.
- Upstream production 419,000 boe/d (flat YoY); Kearl gross 259,000 b/d, Cold Lake 155,000.
- Downstream throughput 384,000 b/d, capacity utilization 88% (91% Q1 2025); impacted by unplanned downtime.
- Returned $350M to shareholders via dividends; declared Q2 dividend $0.87/share; NCIB renewal planned June 2026.