Ithaca Energy /£ITH

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About Ithaca Energy

Ithaca Energy PLC, listed as ITH on the London Stock Exchange, is an exploration and production company specializing in the development and acquisition of oil and gas assets in the North Sea. The company operates a diversified portfolio focused on delivering lower-cost, long-life production. Founded in 2004, Ithaca Energy has grown through strategic acquisitions and efficient asset management, contributing to its status as a significant player in the UK's energy sector.

Ticker

£ITH
Sector

Primary listing

LSE

Industry

Oil, Gas & Consumable Fuels

Employees

657

ISIN

GB00BPJHV584

Ithaca Energy Metrics

BasicAdvanced
£2.9B
-
-£0.08
0.43
£0.26
14.92%

What the Analysts think about Ithaca Energy

Analyst ratings (Buy, Hold, Sell) for Ithaca Energy stock.

Bulls say / Bears say

Ithaca Energy's acquisition of Eni's UK oil and gas assets is expected to boost 2025 production to 105,000-115,000 barrels of oil equivalent per day, up from 80,200 boepd in 2024. (reuters.com)
The company declared an interim dividend of $200 million in April 2025 and targets $500 million in dividends for the year, indicating strong shareholder returns. (reuters.com)
Ithaca's strategic acquisitions, including the North Sea business of Japan Petroleum Exploration for $193 million, position it as a leading independent North Sea energy company. (reuters.com)
Ithaca Energy's net profit fell nearly 34% in the first half of 2024 due to lower production, declining natural gas prices, and impairment charges. (reuters.com)
The company reduced its full-year 2024 production forecast to 76-81 kboepd from the earlier estimate of 80-87 kboepd, reflecting operational challenges. (reuters.com)
The UK's increased energy profits levy has raised Ithaca's tax burden, with projected cash tax payments of $235-$265 million in 2025, potentially impacting net earnings. (reuters.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.

Ithaca Energy Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Ithaca Energy Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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