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Canada's InPlay Oil Q3 revenue jumps on higher output, prices

By Reuters News


Overview

  • Canada oil producer's Q3 revenue rose yr/yr, supported by higher oil production and prices

  • Adjusted funds flow for Q3 rose 92% yr/yr

  • Company repurchased and cancelled 0.7% of shares in Q3


Outlook

  • InPlay Oil maintains 2026 average annual production guidance at 18,900–19,400 boe/d

  • Company raises 2026 AFF forecast to C$178–184 mln and FAFF to C$96–104 mln

  • InPlay Oil sees 2027 production at 20,100–21,000 boe/d and AFF at C$206–218 mln


Result Drivers

  • ACQUISITION IMPACT - Co said Q3 results benefited from acquisition of a private oil and gas producer, expanding asset base and drilling inventory

  • WELL PERFORMANCE - Cardium wells brought on in Q3 performed ahead of internal expectations, contributing to production growth

  • OIL PRICES - Higher oil prices and increased light oil output supported improved adjusted funds flow


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

C$118.80 mln

C$113.10 mln (1 Analyst)

Q3 Operating Income

C$61.74 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$25.00, about 42.1% above its November 4 closing price of C$17.59

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 33 three months ago


Reuters Recommended Reads

  • Nov 5 - Canadian Natural Resources Q3 profit surges on record production

  • Nov 3 - Canada's Spartan Delta Q3 oil and gas sales jump 145% on liquids growth, increased Duvernay activity

  • Nov 4 - Canada's Tourmaline Oil Q3 earnings jump


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.)

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