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The latest update is out from Energean ( (GB:ENOG) ).
Energean reported a resilient 2025 trading performance, with group production averaging 154 kboed (85% gas) at the upper end of guidance and largely driven by strong output in Israel, despite a temporary suspension linked to regional geopolitical tensions. Sales revenue of $1.716 billion and adjusted EBITDAX of $1.112 billion were broadly flat year-on-year, supported by long-term gas contracts worth more than $20 billion over the next two decades, tight cost control, disciplined capital spending below guidance, and $221 million returned to shareholders, leaving a broadly stable balance sheet albeit with net debt around $3.255 billion. The company strengthened its position in the Israeli gas market by signing over $4 billion of new long-term domestic gas contracts to supply new power stations and sanctioning the Nitzana export pipeline to Egypt, while also receiving a final 2025 payment from Egypt’s EGPC that slipped into early 2026, and it expects a non-cash impairment of around €300 million on its non-operated Cassiopea asset following weaker-than-expected performance, alongside ongoing arbitration with the operator over disputed costs and lost revenues. Looking to 2026, Energean guided to slightly lower group production of 140–150 kboed due to planned shutdowns in Israel and natural decline in Egypt, but plans elevated capital expenditure of up to $800 million focused on delivering key milestones for the Katlan (Israel) and Irena (Croatia) projects ahead of first gas in 2027, advancing new export pathways, launching a multi-well exploration programme in Egypt and Greece, and evaluating M&A opportunities in West Africa, while keeping consolidated net debt broadly flat and maintaining strict cost discipline.
The most recent analyst rating on (GB:ENOG) stock is a Buy with a £986.00 price target. To see the full list of analyst forecasts on Energean stock, see the GB:ENOG Stock Forecast page.
Spark’s Take on GB:ENOG Stock
According to Spark, TipRanks’ AI Analyst, GB:ENOG is a Outperform.
Energean’s strong financial performance and strategic corporate events are significant positives, contributing to a robust score. However, technical indicators suggest bearish momentum, which tempers the overall score. The company’s valuation is attractive, with a low P/E ratio and high dividend yield, supporting the stock’s appeal.
To see Spark’s full report on GB:ENOG stock, click here.
More about Energean
Energean plc is an independent exploration and production company focused primarily on natural gas, with core operations in Israel, Egypt, Italy, Greece and wider Mediterranean markets. The group develops offshore and onshore fields, supplies gas under long-term contracts to domestic power producers and industrial customers, and is investing in new export infrastructure and carbon storage projects as part of its regional growth strategy.
Average Trading Volume: 253,249
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.67B
For an in-depth examination of ENOG stock, go to TipRanks’ Overview page.