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International Petroleum Corporation (IPCO:CA) Analyst/Investor Day Transcript

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Q4: 2026-02-10 Earnings Summary

EPS of -$0.04 misses by $0.17

 | Revenue of $238.86M (-16.04% Y/Y) misses by $2.54M

International Petroleum Corporation (IPCO:CA) Analyst/Investor Day February 10, 2026 9:00 AM EST

Company Participants

William Lundin – CEO, President & Director
Nicki Duncan – Chief Operating Officer
Christopher Hogue – Senior Vice President of Canada
Christophe Nerguararian – Chief Financial Officer
Rebecca Gordon – Senior Vice President of Corporate Planning & Investor Relations
Curtis White

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Conference Call Participants

Laique Ahmad Amir Arif – ATB Cormark Capital Markets Inc., Research Division

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Presentation

William Lundin
CEO, President & Director

Okay. So welcome, everybody, to IPC’s Capital Markets Day presentation for 2026. I would like to say thanks to everyone joining in person here in London today for the event and those tuning in on the web. We have a lot of material to get through today and an exciting outlook for the company. But before going into the agenda and the materials within the presentation, we’d like to show a little video edit that was recently put together, just demonstrating the importance of energy and what’s taking place at Blackrod as well. So a little 5-minute edit we’ll put up.

[Presentation]

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William Lundin
CEO, President & Director

Fantastic. Okay. So with that, motivational video that got put forward. I will then now go into the overall presentation. So starting with the agenda here in traditional format, I will begin with the overall introduction as well as the overview and strategy for the company. And I’ll pass it to Nicki and Chris, who will go into the operational assets as well as at the corporate level.

And then Christophe will touch on the financial overview, specifically for 2026. Following that, Rebecca Gordon will expand on the reserves evaluation for the year. I will conclude with a summary slide and we’ll take some Q&A.

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So jumping right into it, to touch on the 2025 highlights after this slide, majority of

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