Ithaca Energy PLC

ITH

Equity

ISIN GB00BPJHV584 / Valor 122951361

LSE London Stock Exchange, SETS (2025-11-21)

GBP 2.03-13.1%

Ithaca Energy PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Ithaca Energy PLC, founded in 2004, is a leading independent oil and gas exploration and production company operating primarily within the UK Continental Shelf (UKCS). Over the past five years, the company has expanded significantly through strategic mergers and acquisitions, including a notable business combination with Eni UK completed in October 2024. This growth has positioned Ithaca Energy as the largest oil and gas operator in the UKCS by resource base and the second largest independent operator by production volume. The company focuses on discovering, developing, and producing hydrocarbon resources, leveraging its extensive portfolio and operational scale to sustain long-term growth and maintain its prominent standing in the UK energy sector.

Summarized from source with an LLMView SourceSector: Finance

Production Growth

Production for H1 2025 averaged 123,566 boe/d, more than doubling from H1 2024’s 53,046 boe/d, with a balanced split of 59% oil and 41% gas.

Adjusted EBITDAX and Profitability

Adjusted EBITDAX reached $1.117 billion in H1 2025, up from $533 million in H1 2024. Profit before tax surged to $513.4 million from $189.4 million, while adjusted net income increased to $128.7 million.

Shareholder Returns

Ithaca declared a $167 million interim dividend and accelerated a second interim dividend of $133 million to December 2025, reaffirming the full-year dividend target of $500 million.

Operational Efficiency

Unit operating expenditure decreased by 36% to $17.5/boe in H1 2025, demonstrating improved operational efficiency and lower cost per barrel.

Safety and Environmental Performance

The company reported zero Tier 1 and Tier 2 process safety events and a significant reduction in the Total Recordable Injury Rate (TRIR) to 1.14, more than halving from 2024. Additionally, gross operated emissions intensity decreased to 16.9 kgCO2e/boe, advancing their decarbonisation goals.

Summarized from source with an LLMView Source

Key figures

86.2%1Y

4.64%3Y

%5Y

Performance

49.4%1Y

43.8%3Y

43.8%5Y

Volatility