Imperial Oil Limited reported record quarterly net income of $2,454 million for the fiscal quarter ended September 30, 2026. This figure represents a significant increase from the $539 million reported in the same period of the previous year. The company also reported diluted earnings per share of $5.11 for the quarter, up from $1.07 in the prior year.
Operating cash flow for the quarter totaled $3,228 million, a substantial rise from $1,798 million generated in the third quarter of 2025. Excluding the impact of working capital changes, cash flows from operating activities were $2,957 million. Capital and exploration expenditures for the quarter were $668 million, an increase from $505 million in the prior year.
Upstream production averaged 418,000 gross oil-equivalent barrels per day during the quarter. Production at the Kearl oil sands mine averaged 282,000 total gross barrels per day, with Imperial’s share at 200,000 barrels per day. Cold Lake production averaged 139,000 barrels per day, and the company’s share of Syncrude production averaged 70,000 barrels per day.
Downstream operations saw record quarterly earnings, with refinery capacity utilization reaching 88 percent. Refinery throughput averaged 381,000 barrels per day. The company’s Renewable Diesel facility at the Strathcona refinery achieved its highest canola throughput.
During the quarter, Imperial returned $2,506 million to shareholders. This included $420 million in dividend payments and $2,086 million in share repurchases under its accelerated normal course issuer bid (NCIB) program. The company declared a fourth-quarter dividend of 87 cents per share. Imperial also increased its cash balance to $2.9 billion.
The company anticipates completing its NCIB program prior to the end of the year.
