FINWIRES · TerminalLIVE
FINWIRES

Inpex Q1 Production Misses Guidance; Oil Revenue Slips, Gas Sales Climb

By

Japanese oil company Inpex produced 635,000 barrels of oil equivalent per day in Q1, it said in an earnings update on Wednesday, falling short of the company's previous full-year 2026 outlook for 655,000 boe/d.

The company has, however, raised its production outlook for 2026 to 629,000 boe/d, it said.

Crude oil sales in Q1 were 33.3 million barrels, down from 34.2 million barrels in Q1 of 2025. Natural gas sales were up year over year at 130.02 billion cubic feet versus Q1 2025's 125.58 billion.

The company generated 859 million kilowatt-hours of electricity in Q1, up 44% from 595 million in Q1, 2025.

Related Articles

Commodities

Hindustan Petroleum Reports Decline in Fiscal Q4 Crude Throughput

Indian state-owned energy company and refiner Hindustan Petroleum on Wednesday reported fiscal Q4 crude throughput of 6.43 million metric tonnes, down from 6.74 MMT in the corresponding quarter last year.For the financial year ended March 31, the company reported crude throughput of 26.04 MMT, up from 25.27 MMT in the year-ago period.In Q4, the company reported domestic sales of 12.43 MMT, up from 12.11 MMT for the same period last year. For the fiscal year, domestic sales stood at 48.53 MMT, up from 47.29 MMT in the year before.For Q4, exports stood at 0.57 MMT, down from 0.59 MMT in the year-ago period, with the figure rising to 2.92 MMT for the fiscal year ended March 31, up from 2.53 MMT in the previous year.The company reported Q4 pipeline throughput of 6.48 MMT, down from 6.61 MMT in the year-ago period. For the full year, pipeline throughput was reported at 25.54 MMT, down from 26.90 MMT in the year-ago period.

Commodities

Verbund Reports Decline in Q1 Power Generation

Austrian energy company Verbund on Wednesday reported its own generation decreased year-on-year by 344 gigawatt-hours or 4.9% in Q1 to 6,629 GWh from 6,973 GWh in the year-ago period.In Q1, generation from hydropower plants fell by 6.8% year-on-year to 5,095 GWh, while wind generation saw a 24.6% jump year-on-year to 609 GWh.Electricity generation for the quarter ended March 31 through proprietary photovoltaic installations rose by 0.3% from the year-ago period to 88 GWh, while thermal generation fell by 9.5% year-on-year to 828 GWh.The company's electricity sales volume declined by 689 GWh or 4.5% year-on-year to 14,694 GWh in Q1, with sales to customers rising by 285 GWh, while sales to resellers fell by 369 GWh. Sales to traders recorded a 606 GWh decrease.Verbund's purchases of electricity from third parties for trading and sales in Q1 fell by 466 GWh from the year-ago period, while electricity purchased from third parties for grid loss and control power decreased by 80 GWh.In Q1, the company's electricity revenue declined by 357.5 million euros ($418.6 million) year-on-year to 1.54 billion euros ($1.80 billion).The company reported average sales price achieved for own generation from hydropower fell by 34.2 euros/megawatt-hour year-on-year to 92.6/MWh. "The significant decline is due to the high sales price in quarter 1/2025, which was mainly attributable to premature "limit" sales in 2023 at high wholesale prices," the company said.

Commodities

E.ON Plans Nearly $47 Billion on Energy Networks Through 2030, Reports Infrastructure Growth in Q1

E.ON, one of Europe's largest energy companies, plans to spend 40 billion euros ($46.79 billion) on core energy networks business from 2026 through 2030, out of a total capital expenditure of 48 billion euros, it said Wednesday.The company reported Q1 growth in its energy infrastructure segment, while performance across its other businesses remained largely flat year over year.The energy networks business reported 2.09 billion euros in adjusted EBITDA, compared to 2.10 billion euros in the prior year. The retail segment posted 942 million euros, up 1% compared with 933 million euros last year.Energy Infrastructure Solutions reported an adjusted EBITDA of 237 million euros, up 16% year-over-year, compared to 204 million euros.