Imperial announces third quarter 2026 financial and operating results
Imperial posted record Q3 2026 net income of $2,454 million (CAD), up from $539 million a year ago, on diluted EPS of $5.11 versus $1.07 — prior-year results included $555M of identified items. Revenues rose 34% YoY to $16.2 billion on higher commodity prices and record downstream earnings, with the Strathcona renewable diesel facility a standout contributor. Operating cash flow was $3.23 billion and free cash flow $2.57 billion. Upstream production of 418,000 boe/d was down from 462,000 a year ago, and Imperial cut its 2026 Kearl gross production target to 280,000 bpd after a third-party pipeline outage; refinery utilization was 88% vs 98%.
Key figures
- Eps
- 5.11
- Revenue
- 16205000000
- Guidance
- Kearl 2026 total gross production target of 280,000 barrels per day (199,000 Imperial's share), reduced due to third-party pipeline outage and ore grade
- Revenue Yoy
- 34%
- Buybacks
- 2086000000
- Net income
- 2454000000
- Cash balance
- 2893000000
- Dividends paid
- 420000000
- Free cash flow
- 2566000000
- Chemical net income
- 52000000
- Operating cash flow
- 3228000000
- Shareholder returns
- 2506000000
- Net income yoy change
- +1,915M CAD
- Q4 dividend per share
- 0.87 CAD
- Cold lake production kbd
- 139000
- Refinery utilization pct
- 88
- Operating cash flow ex wc
- 2957000000
- Kearl gross production kbd
- 282000
- Upstream production kboe d
- 418000
AI analysis
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