Imperial announces third quarter 2026 financial and operating results
Business Wire•30/10/2026•07:55 ET
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Key Highlights
- ➤Q3 net income C$2,454 million, up C$1,915 million year over year
- ➤Q3 operating cash flow C$3,228 million, up from C$1,798 million
- ➤Shareholder returns C$2,506 million; C$2,086 million through share repurchases
- ➤2026 Kearl production target cut to 280,000 gross barrels per day
- ➤Downstream earnings reached C$1,555 million on improved refining margins
Expert Statements
John Whelan, chairman, president and chief executive officer of Imperial
“Imperial's advantaged integrated business model continues to deliver strong financial results across all operating segments”
John Whelan, chairman, president and chief executive officer of Imperial
“Downstream performance was enhanced by our investment in the Renewable Diesel facility at the Strathcona refinery which delivered high-value, low-carbon, locally-produced renewable diesel fuel to Canadian markets.”
John Whelan, chairman, president and chief executive officer of Imperial
“In the quarter, we increased our cash balance to $2.9 billion while funding our capital expenditures, dividend payments, and accelerated share repurchases”
John Whelan, chairman, president and chief executive officer of Imperial
“We're on pace to complete our NCIB by year end and are well positioned to return additional surplus cash to shareholders in the new year.”
Imperial announces third quarter 2026 financial and operating results
* Cash flows from operating activities of $3,228 million and cash flows from operating activities excluding working capital(1) of $2,957 million
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