InPlay Oil (IPO) Q2 2026 earnings summary

Executive summary

• Achieved record quarterly adjusted funds flow (AFF) of $44.7 million, up 48% from Q1 2026, and highest in company history.

• Quarterly production averaged 18,663 boe/d (62% light crude oil and NGLs), a 2% increase from Q1 2026.

• Light oil production rose 6% sequentially to 9,382 bbl/d, exceeding internal forecasts.

• Returned $7.6 million to shareholders via dividends (7.2% yield) and repurchased 0.5% of shares outstanding.

• Entered agreement to acquire a private oil and gas producer for $54.25 million, adding 1,400 boe/d and 50 drilling locations.

Financial highlights

• Oil and natural gas sales reached $124.1 million in Q2 2026, up from $91.6 million in Q2 2025.

• Net income was $22.9 million ($0.82 per basic share), including a $37 million unrealized gain on hedges.

• Operating income was $68.4 million, a 50% increase from Q1 2026, with a 55% profit margin.

• Free adjusted funds flow (FAFF) was $28.4 million.

• Net debt stood at $216.0 million at quarter-end.

Outlook and guidance

• 2026 average annual production guidance raised to 18,900–19,400 boe/d (61–63% light oil and NGLs).

• 2026 AFF guidance increased 12% to $165 million (mid-point), FAFF guidance up 9% to $84 million.

• FAFF yield projected at 20% (mid-point); net debt to Q4 2026 EBITDA forecasted at 1.25x.

• Capital program expanded to drill 17.0 net horizontal wells in 2026.