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Energean
(LSE:ENOG)
Energean (ENOG) vs. S&P 500 (SPY)
Energean Business Overview & Revenue Model
Energean Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.42B | 737.08M | 496.99M | 28.01M | 75.75M | Gross Profit |
| 660.09M | 376.94M | 151.29M | -20.50M | 10.20M | EBIT |
| 598.25M | 234.24M | 22.86M | -105.65M | -61.91M | EBITDA |
| 909.19M | 411.45M | 198.89M | -89.27M | -62.73M | Net Income Common Stockholders |
| 184.94M | 17.27M | -96.05M | -91.41M | -83.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 346.77M | 442.97M | 747.98M | 241.69M | 372.57M | Total Assets |
| 5.78B | 5.73B | 5.24B | 4.14B | 2.51B | Total Debt |
| 3.29B | 3.05B | 2.99B | 1.49B | 922.10M | Net Debt |
| 2.94B | 2.63B | 2.26B | 1.29B | 567.68M | Total Liabilities |
| 5.10B | 5.08B | 4.52B | 2.94B | 1.25B | Stockholders Equity |
| 686.12M | 650.20M | 717.12M | 928.09M | 1.00B |
| Cash Flow | Free Cash Flow | |||
| 115.12M | -123.60M | -271.00M | -402.50M | -860.87M | Operating Cash Flow |
| 656.19M | 272.15M | 132.50M | 1.47M | 36.28M | Investing Cash Flow |
| -416.46M | -307.94M | -642.78M | -597.56M | -952.12M | Financing Cash Flow |
| -327.35M | -267.48M | 1.06B | 436.05M | 1.05B |
Energean Technical Analysis
Energean Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £1.58B | 10.70 | 17.50% | 10.82% | -9.80% | -1.98% | |
64 Neutral | £499.14M | 6.83 | 11.29% | 18.11% | -9.79% | -46.17% | |
61 Neutral | £193.13M | 4.21 | ― | -11.70% | ― | ||
61 Neutral | £2.71B | 21.62 | -2.87% | 12.53% | 29.33% | ― | |
56 Neutral | $6.99B | 3.76 | -4.38% | 5.90% | -0.24% | -48.46% | |
53 Neutral | £148.59M | ― | -15.72% | ― | -14.44% | -22.34% |
Energean Corporate Events
Energean plc announced the grant of awards under its Deferred Bonus Share Plan and Long-Term Incentive Plan to Nicolas Katcharov, CEO of Energean International. These awards, which include conditional shares, are set to vest over the next few years and are tied to performance metrics, reflecting Energean’s commitment to aligning managerial incentives with long-term company performance.
Spark’s Take on GB:ENOG Stock
According to Spark, TipRanks’ AI Analyst, GB:ENOG is a Outperform.
Energean’s strong financial performance, attractive valuation, and positive corporate events, such as securing a significant gas supply deal, bolster its stock score. However, high leverage and neutral technical indicators suggest cautious optimism. Management’s focus on strategic growth and operational efficiency will be key to maintaining momentum.
To see Spark’s full report on GB:ENOG stock, click here.
Energean plc has published its Annual Report and Accounts for the year ending December 31, 2024, along with the notice for its 2025 Annual General Meeting (AGM). The AGM is scheduled for May 22, 2025, in London, and the documents are available on the company’s website and the National Storage Mechanism. This announcement is crucial for shareholders as it includes the Energean plc Long Term Incentive Plan, which will be submitted for approval at the AGM, potentially impacting the company’s strategic direction and shareholder value.
Energean plc has announced a new Gas Sale and Purchase Agreement with Kesem Energy Ltd for the supply of gas to a new power plant in Israel. The contract, valued at over $2 billion, is expected to provide around 12.5 bcm of gas over 17 years, contributing to Energean’s strategy of securing stable long-term cash flows and reinforcing its role in meeting Israel’s growing demand for natural gas.
Energean PLC has announced a change in the breakdown of its voting rights, with Efstathios Topouzoglou now holding a 9.050% stake, up from a previous 8.926%. This adjustment in voting rights indicates a shift in shareholder influence, potentially impacting the company’s governance and decision-making processes.
Energean plc announced a transaction involving the purchase of ordinary shares by OilCo Investments Limited, a company associated with Efstathios Topouzoglou. This transaction, involving 100,000 shares at an average price of £8.077, reflects strategic financial maneuvers within the company, potentially impacting its market positioning and stakeholder interests.
Energean plc announced the vesting and release of dividend equivalent shares under its Long-Term Incentive Plan (LTIP) and Deferred Bonus Plan (DBP) for the periods 2020-2022 and 2022-2024. This includes the release of shares related to the interim dividend announced in February 2025. The transactions involve key executives, including the CEO and CFO, who have sold shares to cover tax liabilities. This move reflects the company’s ongoing efforts to align executive compensation with shareholder interests and manage financial obligations.
Energean plc announced a transaction involving the sale of ordinary shares by Shlomi Levi, the CFO of Energean Israel. The transaction, which took place on March 28, 2025, involved the sale of 10,129 shares at an average price of £8.692 per share. This notification is part of the company’s regulatory requirements to disclose transactions by persons discharging managerial responsibilities.
Energean plc has announced that its total issued share capital consists of 184,280,959 ordinary shares, all of which carry voting rights. This update is crucial for shareholders as it determines the denominator for calculating their interests in the company under the FCA’s Disclosure Guidance and Transparency Rules.
Energean plc announced a transaction involving Martin Houston, an Independent Non-Executive Director, who purchased 12,000 ordinary shares at a price of £8.646 each. This transaction highlights insider confidence in the company’s prospects and could positively influence stakeholder perceptions of Energean’s market position.
Energean plc announced the release of shares under its Long Term Incentive Plan (LTIP) for the period 2020-2022, which includes dividend equivalent shares related to interim dividends paid over the past two years. The release also involves the sale of shares by certain executives to cover tax liabilities, reflecting the company’s ongoing commitment to aligning management incentives with shareholder interests.
Energean plc announced the vesting of shares under its Long-Term Incentive Plan (LTIP) for the period 2022-2024, which includes dividend equivalent shares related to interim dividends announced and paid between 2022 and 2024. The transactions involve key managerial personnel, including the CEO and CFO, who have vested shares and sold some to cover tax liabilities. This move reflects Energean’s commitment to aligning its leadership’s interests with long-term shareholder value, potentially impacting its market position and stakeholder confidence.
Energean plc announced the vesting of shares under its 2023 Deferred Bonus Plan, which includes dividend equivalent shares related to interim dividends announced and paid throughout 2023 and 2024. This transaction involves several key executives, including the CEO and CFO, who have sold shares to cover tax liabilities, reflecting the company’s ongoing commitment to aligning management incentives with shareholder interests.
Energean plc has announced the grant of conditional awards over shares to several key executives under its Deferred Bonus Share Plan. These awards, which will vest on the second anniversary of the grant date, include the right to receive dividend equivalents as shares for any future dividends before the vesting date. This move is part of Energean’s strategy to align management incentives with shareholder interests, potentially impacting the company’s operational focus and stakeholder engagement.
Energean plc has announced the grant of conditional awards over shares to several key executives under its Long-Term Incentive Plan. The awards, which are subject to a performance period ending on December 31, 2027, and a subsequent two-year holding period, reflect the company’s commitment to aligning management incentives with long-term shareholder value. This move is expected to enhance the company’s operational focus and strengthen its market position by ensuring that key personnel are motivated to achieve strategic goals.
Energean plc has announced a significant transaction involving the purchase of ordinary shares by OilCo Investments Limited, a company associated with Efstathios Topouzoglou. This transaction, involving a total of 200,000 shares at an average price of £8.491, reflects strategic financial maneuvers that may impact Energean’s market positioning and stakeholder interests.
Energean plc announced a transaction involving the purchase of ordinary shares by Growthy Holdings Co. Limited, a company associated with Mathios Rigas. The transaction involved multiple purchases at varying prices, aggregating to a total volume of 80,989 shares at an average price of £8.564. This move reflects a strategic investment by a key stakeholder, potentially impacting Energean’s market position and signaling confidence in the company’s future prospects.
Energean plc announced a transaction involving the purchase of 34,000 ordinary shares by Adobelero Holdings Co. Limited, a company associated with Panos Benos. This transaction reflects a strategic move in the company’s stock management, potentially impacting its market position and shareholder value.
Energean has announced the termination of its strategic sale of assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners due to unmet regulatory approvals. Despite the setback, Energean remains committed to its strategic direction and growth, emphasizing the importance of these regions as core pillars of its operations, and plans to continue investing and creating value in these markets.
Energean Israel Limited has released its consolidated financial statements for the year ending December 31, 2024. The independent auditor’s report confirms that the financial statements present a fair view of the company’s financial position and performance in accordance with IFRS. A significant audit focus was on the estimation of oil and gas reserves, which impacts key financial metrics such as decommissioning, recoverability, and depreciation. The audit process included a thorough review of the company’s reserve estimation methods and the integration of these estimates into financial reporting, ensuring transparency and accuracy for stakeholders.
Energean plc reported a significant increase in production and financial performance for 2024, with a 24% rise in group production and a 25% increase in revenues. The company continues to develop its assets, with key projects in Israel and Greece, and has secured substantial funding for its Prinos carbon storage project. Despite geopolitical challenges, Energean maintained high operational uptime and is focused on long-term growth and sustainability, supported by strong gas sales agreements and a commitment to reducing emissions.
Energean plc has applied for a block listing of 800,000 ordinary shares on the London Stock Exchange to support its Long Term Incentive Plan and Deferred Bonus Plan. This move is expected to enhance the company’s operational flexibility and align with its strategic goals, potentially impacting its market positioning and stakeholder interests.
Energean plc announced an update on its proposed sale of its portfolio in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The transaction faces potential termination due to pending regulatory approvals in Italy and Egypt, which have not been obtained by Carlyle. Energean is committed to maximizing shareholder returns and will explore strategic options if the sale does not proceed.
Energean plc has issued a correction regarding the ex-dividend date for its shares listed on the Tel Aviv Stock Exchange, moving it from 6 March 2025 to 9 March 2025 to comply with TASE requirements. This adjustment does not affect other details of the dividend declaration, and the payment date remains 31 March 2025, with dividends paid in US Dollars.
Energean plc has announced the signing of a $750 million, 10-year senior-secured term loan with Bank Leumi, aimed at refinancing its 2026 notes and providing liquidity for the Katlan development. This move is expected to enhance Energean’s financial resilience and optimize financing costs, reflecting confidence in its long-term cash flow generation and gas contracting strategy in Israel.
Energean plc announced the signing of a $750 million, 10-year senior-secured term loan with Bank Leumi, aimed at refinancing its 2026 notes and providing additional liquidity for the Katlan development. This loan, secured on Energean Israel’s assets, enhances the company’s financial resilience, optimizes financing costs, and extends the weighted average life of its debt to around seven years, with a blended cost of debt at approximately 7%.
Energean plc has announced a dividend of 30 US cents per share for the fourth quarter of 2024, with key dates for the dividend process outlined for both the London and Tel Aviv Stock Exchanges. This announcement reflects Energean’s ongoing commitment to returning value to shareholders and may enhance its attractiveness to investors, reinforcing its position in the energy sector.
Energean has announced the appointment of Sayma Cox as an Independent Non-Executive Director, effective 1 March 2025. With extensive experience in global energy operations and energy transition, Cox will join the Audit & Risk Committee and the Environment, Safety and Social Responsibility Committee, bringing strategic insights to drive Energean’s growth. Additionally, Andrew Bartlett and Kimberley Wood have been appointed to new roles within the company’s board committees, enhancing the leadership team.
Energean plc has issued a correction regarding a previous announcement about the transfer of shares involving its Chief Financial Officer, Panos Benos. The correction clarifies that 102,329 shares were transferred to Adobelero Holdings Co. Limited, a closely associated entity, while 131,579 shares moved to Benos’ personal account, though the total of 233,908 shares remains unchanged. This correction does not alter the beneficial ownership of the shares, providing clarity to stakeholders about the shareholding structure.
Energean plc announced the resignation of Amy Lashinsky from her role as Non-Executive Director, effective 28 February 2025, as she intends to focus on other commitments. Lashinsky played a crucial role in workforce engagement and contributed to the company’s strategic initiatives, including entering the Israeli gas market and managing challenges brought by COVID-19. Her departure will lead to a reassignment of her responsibilities, which will be announced later.
Energean has announced a transaction involving Maria Martin, the Corporate Finance Director, who has sold 2,100 ordinary shares at a price of £9.50 each, on 3rd February 2025. This transaction highlights managerial engagement with company equity, potentially impacting investor perspectives on leadership confidence and financial strategy.