Riverstone Energy Cashes In Onyx Power Stake as Wind-Down Progresses

Riverstone Energy ( (GB:RSE) ) just unveiled an announcement.

Riverstone Energy Limited has completed the sale of its entire interest in Onyx Power to ResInvest Group, realising net sale cash proceeds of approximately €43 million ($51 million) and achieving a gross multiple of invested capital of 2.88x on its original $60 million investment, or 2.81x after an adjustment payment to its investment manager. Following this transaction and after paying an estimated $3.8 million adjustment fee to RIGL Holdings, LP under its investment management agreement, the company holds around $64 million in net cash and plans, in line with its managed wind-down policy, to return a portion of these funds to shareholders via a pro rata compulsory redemption of ordinary shares, with further details to be announced shortly.

The most recent analyst rating on (GB:RSE) stock is a Hold with a £695.00 price target. To see the full list of analyst forecasts on Riverstone Energy stock, see the GB:RSE Stock Forecast page.

Spark’s Take on GB:RSE Stock

According to Spark, TipRanks’ AI Analyst, GB:RSE is a Neutral.

The score is held back primarily by unstable profitability (large 2024 loss) and persistently negative operating/free cash flow. This is partially offset by a strong, low-risk balance sheet (zero debt) and a moderately constructive technical trend, with dividend yield offering some valuation support despite negative earnings.

To see Spark’s full report on GB:RSE stock, click here.

More about Riverstone Energy

Riverstone Energy Limited is a closed-ended investment company focused on the energy sector, deploying capital into energy-related assets and managed under a wind-down investment policy adopted in August 2025 that prioritises the realisation of existing investments and the return of capital to shareholders.

Average Trading Volume: 7,576

Technical Sentiment Signal: Strong Buy

See more insights into RSE stock on TipRanks’ Stock Analysis page.