Inpex Corp

1605: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|W$	LOCK\|tql	LOCK\|pLT>fL

Inpex Earnings: High Prices More Than Counter Middle East Volume Constraints

Mark Taylor

Nov 13, 2026

Japanese oil and gas producer Inpex's underlying NPAT for the nine months to September 2026 increased 39% from the same period a year ago to JPY 408 billion. Performance reflects a 22% rise in Brent crude price and a 1,200-basis-point improvement in EBITDA margin to 86%. Shares rose 20%.

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Inpex Corp

Inpex Earnings: High Prices More Than Counter Middle East Volume Constraints

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