Filing Flows › Imperial Oil (IMO) › Q1 2026
Imperial Oil (IMO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Imperial Oil (IMO) reported revenue of $12.4B for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and +10% from the quarter before. Operating margin was 9.9%, net earnings $940M (7.6% of revenue).
Imperial Oil, Q1 2026: revenue $12.4B (-0.6% year over year), operating margin 9.9%, net earnings $940M, operating cash flow $756M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4B | +10% | -0.6% |
| Operating profit | $1.2B | +96% | -27% |
| Net earnings | $940M | +91% | -27% |
| Operating cash flow | $756M | -61% | -50% |
| Free cash flow | $281M | -78% | -75% |
What changed
Revenue was C$12.4B in Q1 2026, down 1% year over year and up 10% from the previous quarter.
Operating profit was C$1.2B, a 9.9% margin (down 3.6 points year over year). Total costs grew 4% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+53%). Net earnings were C$0.94B, down 27% year over year. The effective tax rate was 23.7%.
Operating cash flow was C$0.76B (down 50% year over year), 80% of net earnings. Non-cash charges added back C$0.52B of depreciation and amortization. Working capital and other items used C$0.70B. Capital expenditures of C$0.47B left free cash flow of C$0.28B.
Questions
What was Imperial Oil's revenue in the first quarter 2026?
Imperial Oil (IMO) reported revenue of $12.4B for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and +10% from the quarter before.
Was Imperial Oil profitable in the first quarter 2026?
Operating profit was $1.2B (9.9% of revenue) and net earnings $940M.
Source: Imperial Oil 10-Q on SEC EDGAR.