Imperial Oil Limited: EPS $3.65 vs $3.43 expected; revenue $11.4B vs $12.4B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 3.65 | 3.43 | +6.4% | 1.57 |
| Revenue (USD bn) | 11.38 | 12.42 | −8.4% | 8.65 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Q3 FY2026 | 3.65 | 3.43 | +6.4% | 11.38 | 12.42 | −8.4% |
| Jul 31, 2026 | Q2 FY2026 | 3.27 | 2.99 | +9.4% | 11.31 | 10.92 | +3.5% |
| May 1, 2026 | Q1 FY2026 | 1.41 | 1.73 | −18.5% | 8.95 | 8.61 | +3.9% |
| Jan 30, 2026 | Q4 FY2025 | 1.41 | 1.36 | +3.7% | 8.21 | 8.78 | −6.5% |
| Oct 31, 2025 | Q3 FY2025 | 1.57 | 1.44 | +9.0% | 8.65 | 9.45 | −8.4% |
| Aug 1, 2025 | Q2 FY2025 | 1.34 | 1.22 | +9.8% | 5.99 | 6.51 | −8.1% |
| May 2, 2025 | Q1 FY2025 | 1.75 | 1.52 | +15.1% | 6.30 | 6.78 | −7.0% |
| Jan 31, 2025 | Q4 FY2024 | 1.69 | 1.36 | +24.3% | 5.94 | 6.71 | −11.5% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures. Figures are in USD as carried for this US-traded line; the company reports in another currency.
Imperial Oil Limited results: EPS $3.65 vs $3.43 expected; revenue $11.4B vs $12.4B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 6.4%; revenue below the estimate by 8.4%. Figures are in USD as carried for this US-traded line; the company reports in CAD.
Revenue was up 31.6% from $8.7 billion a year earlier (Q3 FY2025). EPS was up 132.5% from $1.57 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
Imperial Oil Limited combines oil and gas extraction with crude refining and petroleum product marketing. Reading its results therefore requires understanding how production, refining and distribution contribute to profitability; revenue alone does not explain the performance of this integrated model.
Production is sensitive to oil and gas prices and extraction costs, while refining depends on the spread between crude costs and the value of products sold. Its transportation network, distribution assets and fuel stations provide channels to consumers, industrial customers and transportation businesses, making sales mix and operating costs important to understanding profitability.
What to watch on the earnings call: Watch for management's explanation of how production, refining and marketing contributed to profitability, alongside comments on fuel demand, refining margins, and extraction and transportation costs. Discussion of product mix, asset operating efficiency and spending priorities would help clarify the operating drivers behind the results.
For the full analysis of Imperial Oil Limited stock — valuation, scores and financial statements — see the stock page linked with this story.