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
Energy
Primary listing
LSE
Employees
658

Ithaca Energy Metrics

BasicAdvanced
£4.9B
24.79
£0.12
0.32
£0.23
7.79%

What the Analysts think about Ithaca Energy

Analyst ratings (Buy, Hold, Sell) for Ithaca Energy stock.
Analyst projections of the future price of Ithaca Energy stock.

Bulls say / Bears say

Ithaca's first-half production rose 3.2% to 128 kboe/d and Q2 reached a record 131 kboe/d. It reaffirmed 2026 guidance of 120–130 kboe/d while cutting net operating-cost guidance, supporting cash generation. (Reuters, Ithaca Energy)
Strong cash generation allowed Ithaca to lift 2026 dividend guidance to $500m–$530m, while adjusted net debt fell to about $1.0bn and leverage to 0.49x. That gives it room to fund growth and maintain shareholder returns. (Reuters, Ithaca Energy)
Rosebank is in final execution, with first production targeted for H1 2027, while Ithaca is also advancing Cambo and more than 200 mmboe of organic opportunities. Successful delivery would add growth to a mature North Sea portfolio. (Ithaca Energy, Reuters)
Rosebank's H1 2027 start remains subject to regulatory approval, and a recent legal challenge means the project is not fully de-risked. Delay would push out a key source of future production and cash flow. (Reuters, Kalkine)
Ithaca remains heavily exposed to UK North Sea fiscal policy: the Energy Profits Levy runs to March 2030, and changes to rates or investment allowances would directly reduce cash available for dividends and projects. (Kalkine)
Oil and gas prices remain a major swing factor, while hedging can blunt upside as well as protect downside; more than 30% of 2026 oil volumes were hedged at about $66 a barrel. A weaker commodity cycle would pressure cash flow, distributions and valuation. (Kalkine)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

Ithaca Energy Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Ithaca Energy Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Ithaca Energy

Funds
Fund name
Fund size
£ITH weighting
iShares FTSE 250£MIDD
£661M0.20%
Vanguard FTSE 250£VMID
£1.6B0.17%
Latest price is delayed by 15 minutes. 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 London Stock Exchange, through Infront.