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Ithaca Energy PLC
(LSE:ITH)
Ithaca Energy PLC (ITH) vs. S&P 500 (SPY)
Ithaca Energy PLC Business Overview & Revenue Model
Ithaca Energy PLC Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.98B | 2.32B | 2.60B | 1.43B | 1.11B | Gross Profit |
| 842.21M | 1.00B | 1.25B | 549.06M | 311.46M | EBIT |
| 523.75M | 486.06M | 1.13B | 462.20M | 245.32M | EBITDA |
| 1.04B | 1.15B | 1.79B | 918.11M | 618.15M | Net Income Common Stockholders |
| 153.15M | 215.63M | 1.03B | 620.62M | -467.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 178.08M | 156.54M | 253.82M | 44.85M | 1.20M | Total Assets |
| 8.27B | 6.25B | 6.76B | 4.73B | 4.26B | Total Debt |
| 1.07B | 768.71M | 1.27B | 1.40B | 1.85B | Net Debt |
| 899.98M | 615.49M | 1.02B | 1.35B | 1.85B | Total Liabilities |
| 5.23B | 3.80B | 4.30B | 4.06B | 3.72B | Stockholders Equity |
| 3.04B | 2.44B | 2.46B | 676.51M | 542.47M |
| Cash Flow | Free Cash Flow | |||
| 389.20M | 811.97M | 1.34B | 643.06M | 593.21M | Operating Cash Flow |
| 853.28M | 1.29B | 1.72B | 912.66M | 735.27M | Investing Cash Flow |
| -390.91M | -492.40M | -1.40B | -220.15M | -198.96M | Financing Cash Flow |
| -449.48M | -900.73M | -107.45M | -650.74M | -549.87M |
Ithaca Energy PLC Technical Analysis
Ithaca Energy PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £148.03B | 14.52 | 7.41% | 4.34% | -4.09% | -20.79% | |
73 Outperform | £241.12M | 3.40 | 18.48% | ― | -21.23% | ― | |
72 Outperform | £2.20B | 12.91 | 5.54% | 12.74% | -16.96% | -34.52% | |
61 Neutral | £193.13M | 4.21 | ― | -11.70% | ― | ||
61 Neutral | £2.71B | 21.62 | -2.87% | 12.53% | 29.33% | ― | |
61 Neutral | £54.69B | 183.44 | -1.85% | 6.91% | -9.08% | -113.54% | |
56 Neutral | $7.00B | 3.44 | -4.86% | 5.89% | -0.09% | -48.37% |
Ithaca Energy PLC Corporate Events
Ithaca Energy PLC announced the granting of deferred bonus awards to its directors and persons discharging managerial responsibilities (PDMRs) under the company’s Deferred Share Bonus Plan. The awards, which are nil-cost options to acquire ordinary shares, are set to vest on the third anniversary of the grant date. This move aligns with the company’s strategy to incentivize its leadership team, potentially impacting its operational focus and stakeholder interests by aligning management incentives with long-term company performance.
Spark’s Take on GB:ITH Stock
According to Spark, TipRanks’ AI Analyst, GB:ITH is a Outperform.
Ithaca Energy’s overall score reflects strong corporate events and reasonable valuation, offset by moderate financial performance and technical indicators. The company’s strategic growth initiatives and high dividend yield are key strengths, while declining revenue and free cash flow pose significant risks.
To see Spark’s full report on GB:ITH stock, click here.
Ithaca Energy announced the payment of a third interim dividend of $200 million, equivalent to $0.1209 per ordinary share, to be distributed to shareholders on 25 April 2025. The dividend, converted to sterling at a rate of £1 = US$1.2830, will amount to 9.4232 pence per share, reflecting the company’s ongoing commitment to delivering attractive returns to its investors.
Ithaca Energy PLC has published its 2024 Annual Report and Accounts, along with the Notice of its 2025 Annual General Meeting, which will be held on May 14 in Aberdeen, Scotland. The publication of these documents is in accordance with UK Financial Conduct Authority regulations, and they are available on the company’s website and the FCA’s National Storage Mechanism. This announcement underscores Ithaca Energy’s commitment to transparency and regulatory compliance, while also highlighting its strategic focus on energy security and sustainable operations in the UK North Sea.
Ithaca Energy PLC announced that on April 7, 2025, purchases of its ordinary shares were made under the company’s Share Incentive Plan (SIP) by Computershare Share Plan Trustees Limited on behalf of the company’s key managerial personnel. This plan allows employees to buy shares using salary deductions, aligning employee interests with company performance. The transactions were conducted on the London Stock Exchange, reflecting the company’s commitment to employee engagement and stakeholder alignment.
Ithaca Energy PLC announced that dividends paid on shares held within their Share Incentive Plan (SIP) in April and September 2024 were reinvested to purchase additional shares. This transaction involved key company figures, including the Chief Financial Officer and a former Executive Chairman, and was conducted in accordance with SIP rules on the London Stock Exchange.
Ithaca Energy PLC announced a transaction involving its Chief Financial Officer, Iain Lewis, who exercised a vested nil-cost option award over 114,274 ordinary shares, which he subsequently sold. This transaction, conducted under the company’s Long Term Incentive Plan, reflects internal financial maneuvers and compliance with regulatory disclosure requirements, potentially impacting shareholder perceptions and market dynamics.
Ithaca Energy PLC reported a transformational year in 2024, highlighted by a significant business combination with Eni UK, which positioned it as the largest resource holder in the UKCS. The company achieved robust operational and financial performance, with strong production levels and a total dividend payout of $500 million. The acquisition of JAPEX UK E&P Limited further solidifies its growth strategy, increasing its stake in the Seagull field. Ithaca Energy also completed a successful refinancing, ensuring over $1 billion in liquidity, and made progress on key projects like Rosebank and Captain, while maintaining a strong safety record.
Ithaca Energy has announced a third interim dividend for 2024 amounting to $200 million, equivalent to $0.1209 per ordinary share, to be paid on April 25, 2025. This move reflects the company’s commitment to delivering attractive and sustainable returns, supported by its emissions-reduction strategy and focus on energy security, aligning with the UK Government’s priorities.
Ithaca Energy has announced the acquisition of JAPEX UK E&P Limited, increasing its stake in the Seagull oil field in the UK North Sea from 35% to 50%. This strategic move is expected to add significant reserves and production capacity, aligning with Ithaca’s strategy of value-accretive M&A and enhancing its role in the UK energy market. The acquisition also includes substantial tax benefits, reflecting JAPEX’s investment in the field, and positions Ithaca Energy to play a key role in domestic energy security.
Ithaca Energy has reported a strong performance for the fiscal year 2024, achieving production and financial results at the top end of market guidance. The company’s recent business combination with Eni UK has been transformational, enhancing its production capabilities and financial strength. With significant operational achievements, including high production rates and strict cost control, Ithaca Energy has seen improved safety records and reduced emissions. The company has also successfully refinanced $2.25 billion, increasing its financial flexibility, and paid a substantial dividend to shareholders. The ongoing progress in the Rosebank project further underscores its commitment to growth and supporting UK energy security.
Ithaca Energy has reported a transformative year in 2024, achieving strong production and financial performance following its business combination with Eni UK. The company reached peak production rates and maintained strict cost controls, resulting in a significant EBITDAX increase. The integration of Eni UK assets has enhanced the company’s portfolio, financial flexibility, and operational reliability, positioning Ithaca Energy as a major player in the UKCS. The company also made progress on the Rosebank project and improved its safety record, supporting its ambitious growth and dividend targets while focusing on sustainable shareholder value.
Ithaca Energy PLC announced that senior management, including the Executive Chairman and Chief Financial Officer, have acquired ordinary shares through the company’s Share Incentive Plan (SIP). This plan, approved by HM Revenue and Customs, allows employees to purchase shares using salary deductions. The transactions were executed on the London Stock Exchange, with implications for enhancing employee ownership and aligning management interests with shareholder value.