Ithaca Energy PLC (GB:ITH)
LSE:ITH
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Ithaca Energy PLC
(LSE:ITH)
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Rating:70Outperform
Price Target:
297.00 p
â–²(24.89% Upside)
Action:UpgradedDate:03/24/26
The score is driven by strong technical momentum and solid cash-flow performance, partially offset by elevated earnings volatility (net loss in 2025) and a less reliable valuation signal due to the negative P/E despite the high dividend yield.
Positive Factors
Strong cash generation and FCF growth
Material growth in operating cash flow and ~45% rise in free cash flow in 2025 signals durable internal funding capacity. This strengthens the company's ability to fund capex, service debt, and support distributions across commodity cycles, improving medium-term financial flexibility.
Negative Factors
Earnings volatility and 2025 net loss
The swing to a net loss despite strong operating results highlights volatile below‑the‑line items (impairments, taxes or financing costs). Persistent earnings variability undermines predictability of returns and complicates capital allocation and dividend policy over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and FCF growth
Material growth in operating cash flow and ~45% rise in free cash flow in 2025 signals durable internal funding capacity. This strengthens the company's ability to fund capex, service debt, and support distributions across commodity cycles, improving medium-term financial flexibility.
Read all positive factors
Ithaca Energy PLC (ITH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.44B
Dividend Yield14.05%
Average Volume (3M)1.38M
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth41.95%
EPS Growth-140.18%
CountryUK
Employees657
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.20
Shares Outstanding1,653,732,400
10 Day Avg. Volume1,141,336
30 Day Avg. Volume1,380,523
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.43
Price to Sales (P/S)1.22
P/FCF Ratio4.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£205.00Price Target Upside-13.79% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.27
Revenue Forecast (FY)£3.22B
Ithaca Energy PLC Business Overview & Revenue Model
Company Description
Ithaca Energy Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea and Moray Firth areas. ...
How the Company Makes Money
Ithaca Energy primarily makes money by producing and selling hydrocarbons—crude oil, natural gas, and natural gas liquids—from its portfolio of North Sea (UKCS) assets. Revenue is recognized from the sale of produced volumes to purchasers, with re...
Ithaca Energy PLC Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.01B | 1.98B | 2.32B | 2.60B | 1.43B |
| Gross Profit | 1.26B | 842.21M | 1.00B | 1.25B | 549.06M |
| EBITDA | 2.07B | 1.04B | 1.15B | 1.79B | 918.11M |
| Net Income | -85.86M | 153.15M | 215.63M | 1.03B | 620.62M |
Balance Sheet | |||||
| Total Assets | 11.40B | 8.27B | 6.25B | 6.76B | 4.73B |
| Cash, Cash Equivalents and Short-Term Investments | 170.16M | 178.08M | 156.54M | 253.82M | 44.85M |
| Total Debt | 1.53B | 1.07B | 768.71M | 1.27B | 1.44B |
| Total Liabilities | 8.83B | 5.23B | 3.80B | 4.30B | 4.06B |
| Stockholders Equity | 2.57B | 3.04B | 2.44B | 2.46B | 676.51M |
Cash Flow | |||||
| Free Cash Flow | 754.81M | 389.20M | 811.97M | 1.34B | 643.06M |
| Operating Cash Flow | 1.66B | 853.28M | 1.29B | 1.72B | 912.66M |
| Investing Cash Flow | -1.48B | -390.91M | -492.40M | -1.40B | -220.15M |
| Financing Cash Flow | -174.08M | -449.48M | -900.73M | -107.45M | -650.74M |
Ithaca Energy PLC Technical Analysis
Neutral
237.80
Price Trends
227.02
Positive
195.12
Positive
186.22
Positive
Market Momentum
4.19
Positive
47.88
Neutral
36.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ITH, the sentiment is Neutral. The current price of 237.8 is below the 20-day moving average (MA) of 249.34, above the 50-day MA of 227.02, and above the 200-day MA of 186.22, indicating a neutral trend. The MACD of 4.19 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 36.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ITH.
Ithaca Energy PLC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £4.44B | -42.84 | -3.13% | 14.05% | 41.95% | -140.18% | |
69 Neutral | £5.32B | -24.34 | -4.05% | 8.77% | 57.55% | -54.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | £1.13B | -12.95 | -7.42% | 9.30% | -20.00% | -154.63% | |
58 Neutral | £1.62B | -8.35 | -65.81% | 10.99% | 27.35% | -228.25% | |
56 Neutral | £198.54M | -1.99 | 57.02% | ― | -32.47% | -1490.91% | |
56 Neutral | £385.24M | 166.34 | 0.54% | 4.36% | -13.35% | -104.39% |
* Energy Sector Average
GB:ITH
Ithaca Energy PLC
270.20
151.85
128.30%
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Ithaca Energy PLC Corporate Events
DividendsRegulatory Filings and Compliance
Ithaca Energy Executives Reinvest Dividends Into Share Incentive Plan
Neutral
Apr 21, 2026
Ithaca Energy has disclosed that dividends paid on shares held within its Share Incentive Plan on 16 April 2026 were automatically reinvested into additional ordinary shares for senior management, including the executive chairman, chief executive ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Ithaca Energy grants long-term performance share awards to top executives
Positive
Apr 17, 2026
Ithaca Energy has granted long-term performance share awards to its top executives under the company’s Long Term Incentive Plan, aligning their potential future equity rewards with shareholder returns. Executive chairman Yaniv Friedman, CEO ...
Executive/Board ChangesRegulatory Filings and Compliance
Ithaca Energy Grants Deferred Share Awards to Senior Executives
Neutral
Apr 17, 2026
Ithaca Energy has granted nil-cost options over ordinary shares to three senior executives under its Deferred Share Bonus Plan, aligning management incentives with shareholder value over the long term. Executive chairman Yaniv Friedman received ri...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Ithaca Energy Publishes 2025 Annual Report and Sets Date for 2026 AGM
Positive
Apr 14, 2026
Ithaca Energy has published its Annual Report and Accounts for the year ended 31 December 2025, together with the notice of its 2026 Annual General Meeting, on its investor website. Shareholders who have opted for paper communications will receive...
Regulatory Filings and Compliance
Ithaca Energy Executives Acquire Shares Under Employee Incentive Plan
Neutral
Apr 9, 2026
Ithaca Energy has reported routine dealings in its ordinary shares under its HMRC-approved Share Incentive Plan, an all-employee scheme allowing staff to buy shares through monthly salary deductions. On 7 April 2026, the SIP trustee purchased ordi...
Business Operations and StrategyDividends
Ithaca Energy Sets $200 Million Third Interim Dividend for 2025
Positive
Mar 31, 2026
Ithaca Energy has declared its third interim dividend for 2025 totalling $200 million, equivalent to $0.1209 per ordinary share, to be paid on 16 April 2026 to shareholders on the register as of 27 March 2026. The distribution, converted into ster...
Regulatory Filings and Compliance
Ithaca Energy CFO Exercises LTIP Options and Sells Shares
Neutral
Mar 23, 2026
Ithaca Energy has disclosed share transactions involving its Chief Financial Officer, Iain Lewis, following the exercise of a nil-cost option award under the company’s Long Term Incentive Plan. Lewis exercised vested options over 63,399 ordi...
Business Operations and StrategyDividends
Ithaca Energy Announces $200 Million Third Interim Dividend for 2025
Positive
Mar 18, 2026
Ithaca Energy has declared a third interim dividend for 2025 of $200 million, equivalent to $0.1209 per ordinary share, to be paid on 16 April 2026 to shareholders on the register as of 27 March 2026. The payout will be made in sterling, with the ...
Business Operations and StrategyDividendsFinancial Disclosures
Ithaca Energy lifts output, boosts cash and advances West of Shetland growth
Positive
Mar 18, 2026
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...
Regulatory Filings and Compliance
Ithaca Energy Executives Acquire Shares Under All-Employee Incentive Plan
Neutral
Mar 11, 2026
Ithaca Energy has disclosed that its executive chairman, chief financial officer and chief executive officer each acquired ordinary shares in the company under its HMRC-approved Share Incentive Plan, with purchases executed on 6 March 2026 via the...
Business Operations and StrategyExecutive/Board Changes
Ithaca Energy Executives Receive Shares Under All-Employee Incentive Plan
Positive
Feb 10, 2026
Ithaca Energy has disclosed routine share purchases and awards to senior executives under its HMRC-approved Share Incentive Plan, an all-employee scheme that allows staff to acquire ordinary shares via monthly salary deductions. On 5 February 2026...
Business Operations and StrategyDividendsFinancial Disclosures
Ithaca Energy Lifts Output, Cash Flow and Dividends on Strong 2025 North Sea Performance
Positive
Feb 5, 2026
Ithaca Energy reported a strong operational and financial performance for 2025, with average production rising to 119 kboe/d and an exit rate of about 148 kboe/d, supported by new wells at Cygnus, Seagull and J Area, improved safety and emissions ...
DividendsRegulatory Filings and Compliance
Ithaca Energy Executives Reinvest Dividends into Company Shares Under Incentive Plan
Positive
Feb 4, 2026
Ithaca Energy plc has disclosed routine share dealings by senior management under its Share Incentive Plan, in line with market abuse regulation reporting requirements. Dividends paid on 18 December 2025 on shares held in the plan were automatical...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.