Ithaca Energy PLC
ITH
ISIN GB00BPJHV584 / Valor 122951361
Ithaca Energy PLC
UMushroom community rating:
About company
Ithaca Energy PLC, founded in 2004, has experienced significant growth in recent years through M&A transactions and organic expansion, establishing itself as one of the leading independent oil and gas companies in the UKCS. With a focus on operations with substantial scale and longevity, Ithaca Energy ranks second in resources and third in production in the region.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (06.08.2024):
Adjusted EBITDAX
Ithaca Energy PLC reported an adjusted EBITDAX of $339.0 million for Q1 2024, a decrease from $518.1 million in Q1 2023. This decline reflects the operational challenges faced during the quarter.
Net Income
The statutory net income for Ithaca Energy PLC in Q1 2024 was $42.7 million, down from $158.4 million in Q1 2023. This reduction is attributed to various operational issues and market conditions.
Cash Flow
Ithaca Energy PLC generated robust net cash flow from operating activities amounting to $313.8 million in Q1 2024, compared to $351.4 million in Q1 2023. This demonstrates the company's strong cash generation capabilities despite the challenges.
Operating Costs
The company maintained strong cost control, with Q1 2024 operating costs totaling $122 million, equating to $22.9 per barrel of oil equivalent (boe). This is an increase from $20.3 per boe in Q1 2023, reflecting the ongoing efforts to manage expenses effectively.
Net Debt
As of March 31, 2024, Ithaca Energy PLC's adjusted net debt stood at $461.1 million, a significant reduction from $571.8 million at the end of December 2023 and $899.6 million in March 2023. This highlights the company's focus on deleveraging and strengthening its balance sheet.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2206 M
Market cap (USD)
623,553
Daily traded volume (Shares)
1.05 / 1.026
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
