InPlay Oil (IPO) Q3 2026 earnings summary

Executive summary

• Q3 production averaged 19,254 boe/d, up 3% QoQ; light oil and NGLs were 62% of volumes. Acquisition added 1,400 boe/d at closing and was 28% accretive to AFF and FAFF per share.

• A concentrated late-October to mid-November well start-up window and strong commodity prices are expected to support record Q4 AFF and FAFF and momentum into 2027.

Financial highlights

• Q3 oil and natural gas sales were $118.8 million vs. $79.3 million YoY; operating income was $61.7 million vs. $34.7 million.

• Q3 AFF reached a record $51.4 million, or $1.86/basic share, up 92% YoY; FAFF was $29.0 million.

• Q3 comprehensive loss was $2.1 million vs. $4.8 million; 9M comprehensive loss was $13.9 million vs. $10.9 million.

• 9M sales were $331.4 million vs. $209.9 million; AFF was $126.3 million vs. $83.7 million.

Outlook and guidance

• 2026 production guidance reiterated at 18,900–19,400 boe/d; forecast AFF raised 10% to $178–$184 million and FAFF raised 19% to $96–$104 million.

• 2027 preliminary guidance: capital $95–$105 million, production 20,100–21,000 boe/d, AFF $206–$218 million and FAFF $101–$123 million; subject to Board approval and refinement.

• 2027 oil production per-share growth is forecast at 15%, total production per-share growth at 8%; FAFF yield is forecast at 22%.

• 2027 capital plan targets oil-weighted drilling and Belly River development; activity may be advanced into December 2026 to retain rig and crew capacity.