Deltic Energy (DELT) AI Stock Analysis

• Market Cap: £3.49M
• Dividend Yield: N/A
• Average Volume (3M): 184.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 9
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 93,096,600
• 10 Day Avg. Volume: 271,031
• 30 Day Avg. Volume: 184,443
• PEG Ratio: >-0.01
• Price to Book (P/B): 5.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.02
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: 3.00p ▼(-4.76% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven primarily by weak financial performance: no revenue, widening losses, ongoing cash burn, and a sharp 2024 reduction in equity/assets despite low debt. Technicals add modest support only from neutral momentum indicators, but the longer-term trend remains bearish. Valuation is constrained by negative earnings and no dividend support.

Positive Factors

Low leverage / solvency profile

Very low reported debt-to-equity reduces solvency risk for an exploration-stage business. That durable balance-sheet conservatism preserves optionality to pursue seismic, appraisal and farm-out processes without immediate lender pressure, supporting long-term project continuity and partner negotiations.

Repeatable monetization pathways

The company's explicit monetization model (farm-outs, divestments after technical de-risking, or production revenues if commercial) is a durable framework. It allows staged capital deployment and risk transfer to partners, enabling value crystallization without sole funding responsibility.

Strategic UKCS Southern North Sea focus

A focus on the Southern North Sea places the company in a mature hydrocarbon basin with existing infrastructure and regulatory clarity. That structural positioning increases the likelihood of partner interest, tie-back development options and potentially faster commercialization than frontier basins.

Negative Factors

No revenue; widening losses

Zero operating revenue across multiple years and a sharply wider 2024 net loss materially weaken the company's ability to self-fund exploration. Prolonged loss-making erodes capital, undermines bargaining power with partners, and increases the risk that future activities require dilutive or restrictive financing.

Persistent negative cash generation

Consistent negative operating and free cash flow point to structural cash burn. Over the medium term this forces dependency on asset sales, farm-outs or external capital, raising dilution and execution risk and constraining the company's ability to fund follow-up seismic, appraisal or drilling campaigns.

Collapsed equity and reduced asset base

A dramatic drop in shareholders' equity and assets materially thins the capital cushion. This reduces the company's ability to absorb exploration setbacks, weakens negotiating leverage in farm-outs, and increases vulnerability to a single adverse result or a financing setback, raising long-term execution risk.

Deltic Energy Business Overview & Revenue Model

Company Description

Deltic Energy Plc, a natural resources investing company, focuses on developing oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020. Deltic Energy Plc was incorporated in 2012 and is based in London, the United Kingdom.

How the Company Makes Money

Deltic Energy Financial Statement Overview

Summary

Exploration-stage profile with no revenue (2020–2024), persistent losses that widened sharply in 2024, and ongoing cash burn/negative free cash flow. Very low leverage is a positive, but the major 2024 equity collapse and reduced asset base increase financial fragility.

Income Statement

The company reports zero revenue across all available annual periods (2020–2024), consistent with a pre-production exploration profile. Losses are persistent and widened sharply in 2024 (net loss of ~21.2M vs ~3.0M in 2023), indicating materially higher costs or write-offs. With negative gross profit each year and no demonstrated revenue ramp, earnings quality and operating leverage remain weak despite some variability in annual loss levels.

Balance Sheet

Leverage is very low (debt-to-equity roughly 0.6%–2.9% historically; ~2.3% in 2024), which reduces solvency risk for an exploration-stage business. However, the equity base collapsed in 2024 (stockholders’ equity ~1.0M vs ~21.7M in 2023) alongside a very negative return on equity in 2024, signaling significant value erosion and a thinner capital cushion. Assets also fell substantially in 2024, reinforcing the step-down in balance-sheet scale.

Cash Flow

Cash generation is consistently negative, with operating cash flow below zero every year (2024 operating cash flow ~-2.5M), implying ongoing cash burn to fund operations. Free cash flow is also negative across the period, and while 2024 free cash flow (~-5.1M) improved versus 2023 (~-14.7M), it still represents meaningful funding needs. Overall, the business appears dependent on external financing or asset transactions to sustain activity.

Breakdown	Jun 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-114.09K	-115.10K	-114.70K	-120.98K	-112.74K
EBITDA	-2.82M	-3.00M	-2.85M	-1.78M	-1.53M
Net Income	-21.24M	-2.96M	-2.99M	-1.94M	-1.67M
Balance Sheet
Total Assets	3.51M	23.37M	30.68M	12.91M	13.99M
Cash, Cash Equivalents and Short-Term Investments	1.44M	5.58M	20.41M	10.09M	11.97M
Total Debt	22.84K	135.63K	215.24K	314.23K	396.45K
Total Liabilities	2.53M	1.63M	6.48M	1.25M	549.89K
Stockholders Equity	978.32K	21.74M	24.19M	11.66M	13.44M
Cash Flow
Free Cash Flow	-5.15M	-14.73M	-4.69M	-2.48M	-1.86M
Operating Cash Flow	-2.52M	-2.18M	-2.13M	-1.62M	-1.31M
Investing Cash Flow	-1.46M	-12.55M	-2.57M	-139.69K	-518.56K
Financing Cash Flow	-152.73K	-101.70K	15.01M	-116.81K	-53.69K

Deltic Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
UJO	58 Neutral	£4.47M	-5.17	-2.88%	―	―	―
STAR	55 Neutral	£17.37M	-1.27	-29.57%	―	-20.85%	-105.70%
ANGS	54 Neutral	£11.97M	-1.14	-21.11%	―	-12.15%	-200.00%
UOG	52 Neutral	£7.91M	-3.00	-16.07%	―	―	―
DELT	41 Neutral	£3.49M	-1.18	-215.74%	―	―	―

Deltic Energy Corporate Events

Deltic Energy Secures Extended Payment Deferral on Selene Liabilities to Shell

Deltic Energy has agreed with Shell U.K. Limited to defer payment of £1.53m plus additional amounts accruing from the successful Selene exploration well, pushing the payment deadline to 27 May 2026. The arrangement, which may be extended by up to a further six months at Shell’s discretion, provides Deltic with short-term financial flexibility linked to its Selene interests, potentially easing near-term cash flow pressures as it advances its North Sea exploration portfolio.

The most recent analyst rating on (GB:DELT) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.

Deltic–Viaro Deal Faces Further Delay as UK Regulator Extends Review

Deltic Energy has confirmed that completion of its recommended cash acquisition by RockRose Energy’s Viaro Bidco remains contingent on regulatory consent from the North Sea Transition Authority (NSTA) for a change of control over Deltic’s North Sea exploration licences, following shareholder approval of the scheme of arrangement in August 2025. Viaro Bidco has secured a further extension from the NSTA to 13 February 2026 to provide additional representations addressing the regulator’s concerns, prolonging uncertainty over the deal’s timetable and leaving investors and counterparties waiting on a critical decision that could shape Deltic’s future ownership and its role in the UK North Sea upstream sector.

The most recent analyst rating on (GB:DELT) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.

Deltic Energy Acquisition Progress Delayed by Regulatory Conditions

Deltic Energy PLC is progressing through the acquisition process by Viaro Energy Limited’s subsidiary, RockRose Energy Limited, in a recommended cash offer. The acquisition, structured under a court-sanctioned scheme, awaits the approval of the North Sea Transition Authority regarding control over Deltic’s exploration licenses. Viaro has secured an extension until January 30, 2026, to address the Authority’s concerns, potentially impacting the transaction’s schedule and stakeholder outlook.

The most recent analyst rating on (GB:DELT) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.

Deltic Energy Secures Deferred Payment Agreement with Shell

Deltic Energy Plc has entered into a deferred repayment agreement with Shell U.K. Limited concerning payments related to the Selene exploration well. This agreement defers Deltic’s payment obligations to Shell until February 2026, with potential extensions, and includes interest terms. The agreement ensures Deltic’s financial stability for working capital needs until mid-2026, following a full drawdown of a bridging facility from RockRose Energy Limited.

The most recent analyst rating on (GB:DELT) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.

Deltic Energy’s Acquisition by RockRose Energy Faces Regulatory Delays

Deltic Energy PLC has announced an update regarding its acquisition by RockRose Energy Limited, a subsidiary of Viaro Energy Limited. The acquisition, initially agreed upon in June 2025, is facing delays due to the North Sea Transition Authority’s requirement for further information before consenting to a change in control of Deltic’s exploration licenses. As a result, the completion deadline has been extended to March 2026. Despite the setback, Deltic’s board remains confident that the acquisition is in the best interest of its shareholders and stakeholders.

The most recent analyst rating on (GB:DELT) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.