EarningsQ2 2026 Earnings Report
IPXHF Q2 2026 EPS Results
Actual EPS$0.84
Consensus EPS$0.80
Beat/MissBeat by +$0.03
One Year Ago EPS$0.51
IPXHF Q2 2026 Revenue Results
Actual Revenue$3.16B
Expected Revenue$4.85B
Beat/MissMissed by -$1.69B
YoY Revenue Growth-2.59%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
IPXHF Upcoming Earnings
INPEX's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
IPXHF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: record H1 profit, a record full-year profit target (JPY 510 billion), strong operating cash flow (>JPY 1 trillion), clear progress on major growth projects (Abadi FEED ~80%, Ichthys performance), and a robust shareholder return program (DPS JPY112, JPY140 billion buyback). Management also candidly discussed risks: a ~30% reduction in Abu Dhabi sales volume from the Strait of Hormuz closure (partially offset by portfolio and higher prices), one-off impairments (~JPY 20 billion), uncertainty around Abadi final CapEx/IRR and Indonesian negotiations, and regulatory/geopolitical risks in Australia and the Middle East. On balance, the positive items (record earnings, cash generation, project progress, shareholder returns) outweigh the challenges, though timing and policy risks remain material.Company Guidance
Record profit and strong full-year forecast
Net profit (H1) reached JPY 263.1 billion (highest on record); management forecasts full-year profit of JPY 510 billion (record high) and ROE above 10%.
Robust operating cash flow and disciplined investment plan
Operating cash flow exceeded JPY 1 trillion for the period. Full-year investment cash flow guidance is JPY 859 billion, with growth investments largely on track and cash reserves being accumulated for major projects.
Abadi project: meaningful progress and marketing momentum
Abadi FEED reported ~80% complete; FID expected around mid next year. Project design targets 9.5 million tonnes/year LNG with ~8 million tonnes expected under long-term contracts; key term sheets signed with major buyers (BP, Shell, Indonesian national company). Management targeting mid-teens equity IRR (hurdles noted).
Ichthys operations performing well; cargoes and production up
Ichthys reported steady operations, increased cargo sales (cited additional cargo volumes and uplift in sales volume), minimal disruption from labor action (4‑year enterprise agreement signed); Ichthys materially contributed to H1 earnings and cash flow.
Significant cash reserve built for Abadi
Company targets accumulating ~JPY 770 billion of cash reserves for Abadi development by the end of the fiscal year to support upstream funding needs.
Shareholder returns: higher dividend and buyback program
Full-year dividend guidance of JPY 112 per share (up JPY 12 year-over-year) and a share buyback program of JPY 140 billion; total payout ratio guided at ~53%.
Portfolio diversification and near-term growth M&A
Continued asset additions and interest acquisitions (e.g., Malaysia Sarawak Block 2E, Azerbaijan ACG interest, Indonesia and other producing/near-producing assets) expected to add several billion yen of annual EBITDA prior to Abadi start-up.
Progress on CCUS / hydrogen and R&D pilots
CCS plant operational and methanation/green methane projects underway; metropolitan CCS and onshore drilling work progressing to validate storage capacity, demonstrating technology diversification beyond hydrocarbons.
IPXHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed