EnergyReader · 2026-08-07 08:46

Inpex Raises Full-Year Profit Guidance 45% Above Prior Midpoint on Ichthys Stability and Yen Weakness — JKM Supply Risk Minimal, Buy 1605 JP on Dips

By EnergyReader Newsroom · August 7, 2026

Inpex's H1 2026 result delivered ¥263.1bn in profit attributable to owners of parent, up 17.7% year-on-year, on flat operating profit of ¥618.7bn (+0.3%) — a clean beat driven by lower income taxes (¥359.8bn vs ¥402.7bn in H1 2025) and a ¥158.37/$ average exchange rate that added ¥55.6bn to yen-denominated top line. The full-year guidance revision is the trade: Inpex now guides to ¥510bn in attributable profit, sitting 13% above the top of the prior ¥350–450bn range and 45.7% above the prior range midpoint. That's not a tweak — that's a structural reset of earnings expectations.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

Connected coverage

OEUK: UK Leaves £14.9 Billion on Table by Delaying North Sea Tax Transition 17m ago · United Kingdom same desk BP North Sea sale hangs over a board that has lost two chairs in three years 1h ago · BP same desk UxC Long-Term Uranium Indicator Hits Nominal Record as Scandinavian Exploration Advances 3h ago · Uranium same desk IEA Tallies 507 Million Barrel Draw as Saudi Pipeline Outage Adds Supply Risk 4h ago · IEA same desk Hormuz Throughput Has Doubled From Its September Low, But Brent Is Still Above $100 5h ago · Brent same desk Saudi Arabia Sent Conflicting Production and Supply Signals to OPEC as Oil Prices Eased 6h ago · OPEC same desk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

Inpex Ichthys LNG JKM