Cash Flow, before changes in "Operating Assets and Liabilities" was $211 mm or $0.25/share dil. We had estimated $323 mm or $0.38/share dil. (Bloomberg average of 9 estimates was $0.37/share dil.). Relative to our forecasts, oil price realizations were weaker than modeled (a consistent theme so far with 1Q16 reporting), while current taxes were a modest expense (we had modeled a modest recovery), partially offset by stronger Downstream than modeled (better utilization, better unit margins).
29 Apr 2016
1Q16 RESULTS & DIVIDEND INCREASE
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1Q16 RESULTS & DIVIDEND INCREASE
Imperial Oil Limited (IMO:TSE) | 0 0 (-1.4%) | Mkt Cap: 28,420m
- Published:
29 Apr 2016 -
Author:
Michael P. Dunn -
Pages:
4
Cash Flow, before changes in "Operating Assets and Liabilities" was $211 mm or $0.25/share dil. We had estimated $323 mm or $0.38/share dil. (Bloomberg average of 9 estimates was $0.37/share dil.). Relative to our forecasts, oil price realizations were weaker than modeled (a consistent theme so far with 1Q16 reporting), while current taxes were a modest expense (we had modeled a modest recovery), partially offset by stronger Downstream than modeled (better utilization, better unit margins).