Energean (GB:ENOG) has released an update.
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Energean Israel Limited reported a significant increase in net profit for the first quarter of 2024, reaching $79.91 million compared to $30.28 million in the previous year, bolstered by a sharp rise in revenue to $266.29 million. The company’s financial position remains strong with total assets at $3.29 billion, despite a net decrease in cash and cash equivalents following substantial dividend payments and other financial activities. Energean’s operations, primarily focused on natural gas and hydrocarbon liquids exploration, production, and commercialization in Israel, continue to expand with ongoing development and exploration projects.
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