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Ithaca Energy PLC
(LSE:ITH)
Ithaca Energy PLC (ITH) vs. iShares MSCI United Kingdom ETF (EWC)
Ithaca Energy PLC Business Overview & Revenue Model
Ithaca Energy PLC Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.98B | 2.32B | 2.60B | 1.43B | 1.11B | Gross Profit |
| 842.21M | 1.00B | 1.25B | 549.06M | 311.46M | EBIT |
| 523.75M | 486.06M | 1.13B | 462.20M | 245.32M | EBITDA |
| 1.04B | 1.15B | 1.79B | 918.11M | 618.15M | Net Income Common Stockholders |
| 153.15M | 215.63M | 1.03B | 620.62M | -467.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 178.08M | 156.54M | 253.82M | 44.85M | 1.20M | Total Assets |
| 8.27B | 6.25B | 6.76B | 4.73B | 4.26B | Total Debt |
| 1.07B | 768.71M | 1.27B | 1.40B | 1.85B | Net Debt |
| 899.98M | 615.49M | 1.02B | 1.35B | 1.85B | Total Liabilities |
| 5.23B | 3.80B | 4.30B | 4.06B | 3.72B | Stockholders Equity |
| 3.04B | 2.44B | 2.46B | 676.51M | 542.47M |
| Cash Flow | Free Cash Flow | |||
| 389.20M | 811.97M | 1.34B | 643.06M | 593.21M | Operating Cash Flow |
| 853.28M | 1.29B | 1.72B | 912.66M | 735.27M | Investing Cash Flow |
| -390.91M | -492.40M | -1.40B | -220.15M | -198.96M | Financing Cash Flow |
| -449.48M | -900.73M | -107.45M | -650.74M | -549.87M |
Ithaca Energy PLC Technical Analysis
Ithaca Energy PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.61B | 10.89 | 17.50% | 10.64% | -9.80% | -1.98% | |
78 Outperform | £2.40B | 14.11 | 5.54% | 11.65% | -16.96% | -34.52% | |
77 Outperform | £1.31B | 9.65 | 9.56% | 5.08% | 89.44% | 540.95% | |
75 Outperform | £638.27M | 8.55 | 11.29% | 14.46% | -9.79% | -46.17% | |
68 Neutral | £3.17B | 21.62 | -2.87% | 10.71% | 29.33% | ― | |
62 Neutral | £804.85M | ― | -16.60% | 8.69% | -11.09% | -110.76% | |
57 Neutral | $7.14B | 3.09 | -4.49% | 5.67% | 0.82% | -49.15% |
Ithaca Energy PLC Corporate Events
Ithaca Energy PLC announced the purchase of ordinary shares by its managerial staff under the company’s Share Incentive Plan. This plan allows employees to acquire shares through salary deductions, aligning their interests with company performance. The transactions were conducted on the London Stock Exchange, reflecting the company’s commitment to employee investment and engagement.
The most recent analyst rating on (GB:ITH) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Ithaca Energy PLC reported record quarterly production and adjusted EBITDAX for Q1 2025, driven by its enlarged portfolio and strategic acquisitions, including increased stakes in the Seagull and Cygnus fields. The company’s strong financial performance, with significant liquidity and a low leverage position, supports its growth strategy and shareholder returns, positioning it as a leading gas producer in the UKCS.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Ithaca Energy has signed an agreement to acquire an additional 46.25% stake in the Cygnus gas field from Spirit Energy for £116 million, increasing its operated interest to 85%. This acquisition aligns with Ithaca’s strategy of value-accretive M&A, enhancing its portfolio with high-quality assets in the UK Continental Shelf. The Cygnus field, the largest gas field in the UKCS, is crucial for the UK’s energy security, and this transaction is expected to add significant reserves and production capacity, with further potential through infill drilling.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Ithaca Energy PLC announced that dividends paid on shares within its Share Incentive Plan were reinvested to purchase additional shares for its executives, including the Executive Chairman and Chief Financial Officer. This reinvestment, conducted in accordance with the company’s SIP scheme rules, underscores Ithaca Energy’s commitment to aligning management interests with shareholder value, potentially enhancing stakeholder confidence in the company’s governance and financial strategies.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £116.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Ithaca Energy PLC announced the successful passing of all resolutions at its Annual General Meeting held on May 14, 2025. The resolutions included the approval of the annual report, director appointments, and authorizations related to share allotment and company share purchases. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives and governance practices.
The most recent analyst rating on (GB:ITH) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.
Ithaca Energy PLC announced the purchase of ordinary shares by its managerial staff under the company’s Share Incentive Plan (SIP), which is an all-employee share plan approved by HM Revenue and Customs. This move is part of the company’s efforts to align the interests of its employees with its operational goals, potentially enhancing stakeholder confidence and reinforcing its market position.
Ithaca Energy PLC announced the granting of deferred bonus awards to its directors and persons discharging managerial responsibilities (PDMRs) under the company’s Deferred Share Bonus Plan. The awards, which are nil-cost options to acquire ordinary shares, are set to vest on the third anniversary of the grant date. This move aligns with the company’s strategy to incentivize its leadership team, potentially impacting its operational focus and stakeholder interests by aligning management incentives with long-term company performance.
Ithaca Energy announced the payment of a third interim dividend of $200 million, equivalent to $0.1209 per ordinary share, to be distributed to shareholders on 25 April 2025. The dividend, converted to sterling at a rate of £1 = US$1.2830, will amount to 9.4232 pence per share, reflecting the company’s ongoing commitment to delivering attractive returns to its investors.
Ithaca Energy PLC has published its 2024 Annual Report and Accounts, along with the Notice of its 2025 Annual General Meeting, which will be held on May 14 in Aberdeen, Scotland. The publication of these documents is in accordance with UK Financial Conduct Authority regulations, and they are available on the company’s website and the FCA’s National Storage Mechanism. This announcement underscores Ithaca Energy’s commitment to transparency and regulatory compliance, while also highlighting its strategic focus on energy security and sustainable operations in the UK North Sea.
Ithaca Energy PLC announced that on April 7, 2025, purchases of its ordinary shares were made under the company’s Share Incentive Plan (SIP) by Computershare Share Plan Trustees Limited on behalf of the company’s key managerial personnel. This plan allows employees to buy shares using salary deductions, aligning employee interests with company performance. The transactions were conducted on the London Stock Exchange, reflecting the company’s commitment to employee engagement and stakeholder alignment.
Ithaca Energy PLC announced that dividends paid on shares held within their Share Incentive Plan (SIP) in April and September 2024 were reinvested to purchase additional shares. This transaction involved key company figures, including the Chief Financial Officer and a former Executive Chairman, and was conducted in accordance with SIP rules on the London Stock Exchange.
Ithaca Energy PLC announced a transaction involving its Chief Financial Officer, Iain Lewis, who exercised a vested nil-cost option award over 114,274 ordinary shares, which he subsequently sold. This transaction, conducted under the company’s Long Term Incentive Plan, reflects internal financial maneuvers and compliance with regulatory disclosure requirements, potentially impacting shareholder perceptions and market dynamics.
Ithaca Energy PLC reported a transformational year in 2024, highlighted by a significant business combination with Eni UK, which positioned it as the largest resource holder in the UKCS. The company achieved robust operational and financial performance, with strong production levels and a total dividend payout of $500 million. The acquisition of JAPEX UK E&P Limited further solidifies its growth strategy, increasing its stake in the Seagull field. Ithaca Energy also completed a successful refinancing, ensuring over $1 billion in liquidity, and made progress on key projects like Rosebank and Captain, while maintaining a strong safety record.
Ithaca Energy has announced a third interim dividend for 2024 amounting to $200 million, equivalent to $0.1209 per ordinary share, to be paid on April 25, 2025. This move reflects the company’s commitment to delivering attractive and sustainable returns, supported by its emissions-reduction strategy and focus on energy security, aligning with the UK Government’s priorities.
Ithaca Energy has announced the acquisition of JAPEX UK E&P Limited, increasing its stake in the Seagull oil field in the UK North Sea from 35% to 50%. This strategic move is expected to add significant reserves and production capacity, aligning with Ithaca’s strategy of value-accretive M&A and enhancing its role in the UK energy market. The acquisition also includes substantial tax benefits, reflecting JAPEX’s investment in the field, and positions Ithaca Energy to play a key role in domestic energy security.