TSX:IPCOOil and Gas
How Mixed Q2 Results And Ongoing Buybacks At International Petroleum (TSX:IPCO) Have Changed Its Investment Story
In early August 2026, International Petroleum Corporation reported second-quarter 2026 results showing sales rising to US$184.61 million while net income fell to US$9.91 million, alongside slightly lower production of 42,200 boepd and maintained full-year 2026 production guidance of 44,000–47,000 boepd.
Despite softer earnings, International Petroleum also continued its normal course issuer bid in August by repurchasing and cancelling 72,282 shares, which reduces the share count and...