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Ithaca Energy PLC ( (GB:ITH) ) has shared an announcement.
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.
More about Ithaca Energy PLC
Ithaca Energy PLC is a leading independent exploration and production company in the UK, primarily engaged in the North Sea oil and gas sector. The company has grown significantly through strategic acquisitions, including a notable business combination with Eni UK, and is now one of the largest independent operators in the United Kingdom Continental Shelf.
YTD Price Performance: 18.84%
Average Trading Volume: 1,516,881
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.15B
For an in-depth examination of ITH stock, go to TipRanks’ Stock Analysis page.
