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Ithaca Energy PLC ( (GB:ITH) ) has issued an update.
Ithaca Energy reported strong operational and financial results for 2025, lifting average production to 119,000 barrels of oil equivalent per day and exiting the year at about 148,000 boe/d, while cutting unit operating costs and boosting adjusted EBITDAX to $2.0 billion. Despite a reported loss driven by a non-cash tax charge linked to the extended UK Energy Profits Levy, the group generated higher cash flow, expanded liquidity to $1.5 billion and raised its dividend policy, returning $500 million to shareholders for the year.
The company advanced major West of Shetland growth projects, with Rosebank entering its final development stages toward first production in 2026/27 and Cambo and Tornado moving through key regulatory and technical milestones targeting investment decisions within the next year. Ithaca also deepened its UKCS footprint through additional stakes in Seagull and the Cygnus gas field, while sustaining high activity across core assets to keep medium-term production above 120,000 boe/d, reinforcing its role as a key North Sea player and infrastructure partner.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £210.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Spark’s Take on ITH Stock
According to Spark, TipRanks’ AI Analyst, ITH is a Neutral.
Ithaca Energy PLC’s overall stock score is primarily impacted by its financial performance and technical analysis. The company shows operational efficiency but struggles with profitability, affecting its financial performance score. Technical indicators suggest bearish momentum, contributing to a lower score. The high dividend yield provides some valuation appeal, but negative earnings remain a concern.
To see Spark’s full report on ITH stock, click here.
More about Ithaca Energy PLC
Ithaca Energy PLC is a UK-based independent oil and gas producer focused on the UK Continental Shelf, with a portfolio of producing fields and development projects including Captain, Cygnus, Seagull, Rosebank, Cambo and Tornado. The company pursues a strategy of organic investment, UKCS-focused consolidation and selective international expansion to grow production, reserves and shareholder returns.
Average Trading Volume: 2,035,449
Technical Sentiment Signal: Buy
Current Market Cap: £4.49B
For a thorough assessment of ITH stock, go to TipRanks’ Stock Analysis page.