View ValuationIthaca Energy 将来の成長Future 基準チェック /26Ithaca Energyの収益と利益は、それぞれ年間8.9%と7.4%減少すると予測されています。EPS は年間12.3%で 減少すると予想されています。自己資本利益率は 3 年後に11.3%になると予測されています。主要情報-7.4%収益成長率-12.30%EPS成長率Oil and Gas 収益成長6.6%収益成長率-8.9%将来の株主資本利益率11.26%アナリストカバレッジLow最終更新日21 May 2026今後の成長に関する最新情報お知らせ • 9hIthaca Energy plc Reaffirms Production Guidance for the Fiscal Year 2026Ithaca Energy plc reaffirmed production guidance for the fiscal year 2026. For the year, the company expects production to be in the range of 120 kboe/d to 130 kboe/d.お知らせ • Mar 19+ 1 more updateIthaca Energy plc Provides Production Guidance for the Fiscal Year 2026Ithaca Energy plc provided production guidance for the fiscal year 2026. For the year, the company expects production guidance range of 120 kboe/d -130 kboe/d reflecting enhanced installed operating capacity and full year contribution of increased stakes in the Cygnus and Seagull fields.お知らせ • Aug 21+ 1 more updateIthaca Energy plc Updates Production Guidance for the Full Year 2025Ithaca Energy plc updated production guidance for the full year 2025. For the year, the company upgraded Fiscal Year 2025 production guidance range to 119 kboe/d -125 kboe/d from 109 kboe/d -119 kboe/d, driven by core asset production performance in H1 (acquisition production unchanged from previous guidance) and reflecting planned summer turnaround activity.お知らせ • May 21Ithaca Energy plc Reaffirms Production Guidance for the Full Year 2025Ithaca Energy plc reaffirmed production guidance for the full year 2025. For the period, the company expects production in range of 109-119 kboe/d.Major Estimate Revision • May 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.02b to US$2.94b. EPS estimate also fell from US$0.16 per share to US$0.141 per share. Net income forecast to grow 91% next year vs 17% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.43. Share price fell 8.0% to UK£1.29 over the past week.Major Estimate Revision • Jan 23Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.03b to US$2.13b. EPS estimate increased from US$0.116 to US$0.142 per share. Net income forecast to grow 132% next year vs 44% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.42. Share price fell 8.8% to UK£1.27 over the past week.すべての更新を表示Recent updatesお知らせ • 9hIthaca Energy plc Reaffirms Production Guidance for the Fiscal Year 2026Ithaca Energy plc reaffirmed production guidance for the fiscal year 2026. For the year, the company expects production to be in the range of 120 kboe/d to 130 kboe/d.New Risk • 9hNew major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.3% average weekly change).お知らせ • May 15Ithaca Energy plc to Report Q1, 2026 Results on May 20, 2026Ithaca Energy plc announced that they will report Q1, 2026 results on May 20, 2026ナラティブの更新 • May 04ITH: Dividend Payout Will Support Returns While Future Earnings Multiple CompressesAnalysts have adjusted their price target for Ithaca Energy to reflect updated views on revenue trends, profitability and a lower future P/E assumption. The revised target is £1.51 per share, unchanged from the previous £1.51.ナラティブの更新 • Apr 20ITH: Future Returns Will Balance Dividend Payouts And Production Execution RisksThe analyst price target for Ithaca Energy has been adjusted slightly higher to £2.24 from £2.21. Analysts cite updated fair value estimates, along with changes in revenue growth, profit margin expectations and future P/E assumptions, as key drivers of the move.お知らせ • Apr 15Ithaca Energy plc, Annual General Meeting, May 13, 2026Ithaca Energy plc, Annual General Meeting, May 13, 2026. Location: p and j live, east burn road, ab21 9fx, aberdeen United Kingdomナラティブの更新 • Apr 05ITH: Future Profit Pressures Will Limit Upside Despite Dividend SupportAnalysts have trimmed their price target on Ithaca Energy to £1.70 from £1.80, citing a fair value estimate that now points to a smaller valuation gap, as well as updated assumptions for lower revenue growth, slightly lower profit margins, a higher future P/E multiple and a modestly reduced discount rate. Analyst Commentary Recent research highlights a more balanced stance on Ithaca Energy, with the revised £1.70 price target reflecting a view that the share price is now closer to analysts’ estimates of fair value.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.4% average weekly change).ナラティブの更新 • Mar 22ITH: Overvaluation Concerns Will Persist As Dividend And Output Execution Risks LoomAnalysts have raised their fair value estimate for Ithaca Energy from £1.83 to £2.21 per share, reflecting updated assumptions on growth, profitability and the recent shift in Street views that now see a more balanced risk and reward profile. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgrade to Neutral from Sell as a sign that execution risks now look more balanced against potential rewards after the recent share price underperformance.Declared Dividend • Mar 20Dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 9.6%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 3 years. However, payments have been volatile during that time.お知らせ • Mar 19+ 1 more updateIthaca Energy plc Provides Production Guidance for the Fiscal Year 2026Ithaca Energy plc provided production guidance for the fiscal year 2026. For the year, the company expects production guidance range of 120 kboe/d -130 kboe/d reflecting enhanced installed operating capacity and full year contribution of increased stakes in the Cygnus and Seagull fields.Reported Earnings • Mar 18Full year 2025 earnings released: US$0.051 loss per share (vs US$0.13 profit in FY 2024)Full year 2025 results: US$0.051 loss per share (down from US$0.13 profit in FY 2024). Revenue: US$2.95b (up 49% from FY 2024). Net loss: US$84.1m (down 155% from profit in FY 2024). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12Ithaca Energy plc to Report Fiscal Year 2025 Results on Mar 18, 2026Ithaca Energy plc announced that they will report fiscal year 2025 results on Mar 18, 2026ナラティブの更新 • Mar 08ITH: Reset Expectations And Legal Resolution Will Shape Future Cash GenerationAnalysts have reduced Ithaca Energy's price target from £1.80 to £1.70, reflecting updated assumptions for revenue growth, profit margins and future P/E. They now view these assumptions as supporting a more balanced risk and reward profile for the shares.ナラティブの更新 • Feb 21ITH: Reset Expectations And Balanced Risk Reward Will Support Future Cash GenerationIthaca Energy's analyst price target has been trimmed by £0.10 to £1.70 per share, as analysts now see a more balanced risk and reward profile after the recent share price underperformance and modest tweaks to fair value, revenue growth assumptions, profit margin expectations and future P/E. Analyst Commentary Recent Street research on Ithaca Energy points to a more balanced view, with some bullish analysts seeing the current share price as better aligned with their assessment of value.ナラティブの更新 • Feb 07ITH: Reset Tax And Hedging Expectations Will Support Future Cash GenerationOur new analyst price target for Ithaca Energy moves modestly higher to about £2.62 from £2.55 per share. This reflects analysts' view that the recent upgrade to Neutral and reset to a 170 GBp target signal a more balanced risk and reward profile after the stock's recent underperformance.分析記事 • Feb 03Is Ithaca Energy (LON:ITH) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...ナラティブの更新 • Jan 24ITH: Fair Rating Will Rely On Execution Under Tougher U.K. Tax RegimeAnalysts have slightly reduced their fair value estimate for Ithaca Energy, alongside lowering the average price target to £1.70 from £1.80. This adjustment reflects updated expectations for revenue growth and profit margins, and suggests a more balanced view of risk and reward following the recent share pullback.ナラティブの更新 • Jan 09ITH: Premium Rating Will Rely On Execution Under Tougher U.K. Tax RegimeAnalysts have trimmed their fair value estimate for Ithaca Energy to about £1.85 per share from roughly £1.93, citing the recent downgrade to Sell, the premium valuation in a tougher U.K. tax regime, relatively lower cash returns versus peers, and limited gas hedging from 2027. Analyst Commentary Recent research has put a spotlight on how Ithaca Energy is priced versus its risk profile, especially under the current U.K. tax regime and its evolving hedging strategy.ナラティブの更新 • Dec 16ITH: Cygnus Acquisition Will Support Cash Generation Despite Tough Tax BackdropAnalysts have trimmed their price target on Ithaca Energy to 180 GBp from 200 GBp, citing the shares trading at a premium despite the U.K. tax regime, moderating cash returns relative to peers, and concerns about limited gas hedging beyond 2026. Analyst Commentary Bullish analysts acknowledge that Ithaca Energy faces structural challenges in the U.K. tax environment and a less favorable hedging profile beyond 2026, yet they still see selective reasons for optimism around execution and cash generation.分析記事 • Dec 12Lacklustre Performance Is Driving Ithaca Energy plc's (LON:ITH) 30% Price DropIthaca Energy plc ( LON:ITH ) shareholders won't be pleased to see that the share price has had a very rough month...ナラティブの更新 • Dec 02ITH: Mixed Outlook As Tax Risks Offset Recent Operational ProgressAnalysts have raised their price target for Ithaca Energy from £1.84 to £1.93. This change reflects underlying shifts in profitability and cash flow expectations, despite concerns over its premium valuation and the evolving U.K. tax environment.Declared Dividend • Nov 21Dividend of US$0.08 announcedShareholders will receive a dividend of US$0.08. Ex-date: 27th November 2025 Payment date: 18th December 2025 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (65% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.Reported Earnings • Nov 20Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$0.06 (up from US$0.029 in 3Q 2024). Revenue: US$695.7m (up 81% from 3Q 2024). Net income: US$98.3m (up 239% from 3Q 2024). Profit margin: 14% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.お知らせ • Nov 20Ithaca Energy plc Announces Second Interim Dividend for 2025, Payable on 18 December 2025Ithaca Energy plc announced its second interim dividend for 2025 of $133 million, representing $0.0804 per ordinary share. The second interim dividend will be paid on 18 December 2025 to shareholders on the share register on 28 November 2025. The dividend is payable in cash in Sterling to holders of the ordinary shares.ナラティブの更新 • Nov 18ITH: Lower Discount Rate Will Fail To Justify Recent Share OfferingAnalysts have raised their price target for Ithaca Energy from £1.73 to £1.84, citing a slightly lower discount rate in addition to a modest adjustment to revenue growth and profit margin forecasts. What's in the News Ithaca Energy has completed the acquisition of an additional 46.25% interest in the Cygnus gas field, increasing its operated stake to 85%.ナラティブの更新 • Nov 03ITH: Incremental Changes In Discount Rate Will Limit Share UpsideAnalysts have modestly revised their price target for Ithaca Energy, adjusting the fair value estimate from £1.73 to £1.73 per share. They cite incremental changes in the company’s discount rate and future P/E outlook as underlying factors for the update.分析記事 • Oct 28Why We're Not Concerned About Ithaca Energy plc's (LON:ITH) Share PriceWith a median price-to-sales (or "P/S") ratio of close to 1.8x in the Oil and Gas industry in the United Kingdom, you...ナラティブの更新 • Oct 20North Sea Projects Will Shape The Future Despite Energy TransitionAnalysts have raised their price target for Ithaca Energy from £1.60 to £1.73 per share. They cite improved revenue growth projections and a stronger profit margin outlook as the reasons for this adjustment.New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change).お知らせ • Sep 03+ 1 more updateIthaca Energy plc has completed a Follow-on Equity Offering in the amount of £106.045594 million.Ithaca Energy plc has completed a Follow-on Equity Offering in the amount of £106.045594 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 49,611,974 Price\Range: £2.1375 Transaction Features: Regulation S; Subsequent Direct Listingナラティブの更新 • Aug 27Rosebank And Captain EOR Risks Will Undermine Oil OperationsDespite a sharp downgrade in revenue growth expectations, Ithaca Energy’s future P/E has dropped substantially, improving valuation and likely driving the consensus price target up from £1.54 to £1.61. What's in the News Upgraded FY2025 production guidance to 119–125 kboe/d from prior 109–119 kboe/d, reflecting strong core asset performance.Declared Dividend • Aug 22Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 4th September 2025 Payment date: 26th September 2025 Dividend yield will be 13%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (53% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.Reported Earnings • Aug 21Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.025 (down from US$0.063 in 2Q 2024). Revenue: US$746.4m (up 106% from 2Q 2024). Net income: US$41.1m (down 35% from 2Q 2024). Profit margin: 5.5% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Oil and Gas industry in the United Kingdom.お知らせ • Aug 21+ 1 more updateIthaca Energy plc Updates Production Guidance for the Full Year 2025Ithaca Energy plc updated production guidance for the full year 2025. For the year, the company upgraded Fiscal Year 2025 production guidance range to 119 kboe/d -125 kboe/d from 109 kboe/d -119 kboe/d, driven by core asset production performance in H1 (acquisition production unchanged from previous guidance) and reflecting planned summer turnaround activity.New Risk • Aug 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.分析記事 • Aug 11Here's Why Ithaca Energy (LON:ITH) Can Manage Its Debt ResponsiblyLSE:ITH 1 Year Share Price vs Fair Value Explore Ithaca Energy's Fair Values from the Community and select yours David...お知らせ • Jul 03Ithaca Energy plc to Report First Half, 2025 Results on Aug 20, 2025Ithaca Energy plc announced that they will report first half, 2025 results on Aug 20, 2025分析記事 • Jun 19Ithaca Energy plc (LON:ITH) Stock Rockets 28% As Investors Are Less Pessimistic Than ExpectedThe Ithaca Energy plc ( LON:ITH ) share price has done very well over the last month, posting an excellent gain of 28...New Risk • Jun 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.New Risk • May 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.Reported Earnings • May 23First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: US$0.16 loss per share (down from US$0.042 profit in 1Q 2024). Revenue: US$707.6m (up 47% from 1Q 2024). Net loss: US$258.7m (down US$301.4m from profit in 1Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.お知らせ • May 21Ithaca Energy plc Reaffirms Production Guidance for the Full Year 2025Ithaca Energy plc reaffirmed production guidance for the full year 2025. For the period, the company expects production in range of 109-119 kboe/d.Major Estimate Revision • May 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.02b to US$2.94b. EPS estimate also fell from US$0.16 per share to US$0.141 per share. Net income forecast to grow 91% next year vs 17% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.43. Share price fell 8.0% to UK£1.29 over the past week.New Risk • May 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (7.7% net profit margin).お知らせ • May 16Ithaca Energy Limited Proposes Settlement of LitigationThis Notice is directed to all persons and entities, excluding certain persons associated with the Defendants, wherever they may reside or be domiciled, who purchased or otherwise acquired Ithaca Energy Inc., now known as Ithaca Energy Limited ("Ithaca") common shares in the secondary market, on or after October 9, 2014, and held some or all of those securities until after the close of trading on February 24, 2015. A class action brought on behalf of Class Members has been settled, subject to approval from the Court. This Notice provides Class Members with information about the Settlement and their rights to participate in the Court proceedings considering whether to approve the Settlement (including each putative Class Member's right to attend the hearing to approve the Settlement, or to object to the Settlement ("Approval Hearing")). On May 26, 2015, a proposed class action was commenced on behalf of investors who purchased Ithaca common shares in the secondary market during the Class Period, against Ithaca in the Alberta Court of King's Bench: Stevens v. Ithaca Energy Inc.(now, Ithaca Energy Limited) Court File no. 1501-05830 (the " Action"). The Plaintiff in the Action alleges that the Defendant made misrepresentations during the Class Period related to Ithaca's offshore oil and gas business and operations concerning: (1) material modifications to its floating production facility the FPF-1; and (2) corresponding 2015 pro forma production and revenue projections for the Greater Stella Area in the Central North Sea. Ithaca denies all such allegations. The parties have reached a proposed settlement of the Action, without an admission of liability on the part of the Defendant, subject to approval by the Court. Ithaca's insurer will pay CAD $9 million (the "Settlement Amount"), in full and final settlement of all claims against Ithaca in the Action. The Settlement Amount, less administration expenses, class counsel fees, interest, taxes and any other costs or expenses related to the Action or the Settlement (the "Net Settlement Amount"), if approved by the Court, will be distributed to the Class in accordance with a court-approved Plan of Allocation. If the Settlement is approved, a further notice will be published which will include instructions on how Class Members can file Claim Forms to participate in the distribution of the Net Settlement Amount and the deadline for doing so. The Settlement provides that if it is approved by the Court, the claims of all Class Members which were asserted or which could have been asserted in the Action, will be fully and finally released and the Action will be dismissed. The Court will be asked to approve the proposed Settlement and the lawyers' fees, disbursements, expenses and taxes at a hearing to be held on August 7, 2025 at 2:00 p.m. by videoconference. Class Members who do not oppose the proposed Settlement are not required to appear at the hearing or take any other action at this time to indicate their desire to participate in the proposed settlement. Class Members who oppose the proposed Settlement may have their opposition heard by filing an Objection (see "Objections" below). Class Members who consider it desirable or necessary to seek the advice and guidance of their own lawyers may do so at their own expense. Class Members may attend the Approval Hearing whether or not they deliver an objection. The Court may permit Class Members to participate in the Approval Hearing whether or not they deliver an objection. Class Members who wish for a lawyer to speak on their behalf at the Approval Hearing may retain one to do so at their own expense.お知らせ • May 03Ithaca Energy plc to Report Q1, 2025 Results on May 21, 2025Ithaca Energy plc announced that they will report Q1, 2025 results on May 21, 2025New Risk • Apr 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin).New Risk • Apr 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (7.7% net profit margin).お知らせ • Apr 11Ithaca Energy plc, Annual General Meeting, May 14, 2025Ithaca Energy plc, Annual General Meeting, May 14, 2025. Location: p and j live, east burn road, ab21 9fx, scotland, aberdeen United KingdomValuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to UK£1.33, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at UK£0.67 per share.Declared Dividend • Mar 28Dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 3rd April 2025 Payment date: 25th April 2025 Dividend yield will be 18%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (210% earnings payout ratio) nor is it covered by cash flows (173% cash payout ratio). The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 133% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Cash payout ratio: 173% Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.13 (down from US$0.21 in FY 2023). Revenue: US$1.98b (down 15% from FY 2023). Net income: US$153.2m (down 29% from FY 2023). Profit margin: 7.7% (down from 9.3% in FY 2023). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.お知らせ • Mar 26+ 1 more updateIthaca Energy plc Reaffirms Dividend Policy for 2025Ithaca Energy plc announced reaffirming dividend policy for 2025 targeting dividend of 30% post-tax CFFO, with a dividend target of $500 million for fiscal year 2025.お知らせ • Mar 25Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire 15% stake in Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million.Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million on March 25, 2025. he Transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy's WI in Seagull from 35% to 50%, equalling bp's interest as the field operator. The transaction is expected to be completed on June 30, 2025.New Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Cash payout ratio: 102% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.お知らせ • Feb 20Ithaca Energy plc to Report Fiscal Year 2024 Results on Mar 26, 2025Ithaca Energy plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Mar 26, 2025新しいナラティブ • Feb 12Rosebank Delays And High Capital Expenditures Will Strain Cash Flow In 2024 Heavy capital investment and ongoing projects may strain cash flow and impact future revenue due to potential delays and cost overruns.Major Estimate Revision • Jan 23Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.03b to US$2.13b. EPS estimate increased from US$0.116 to US$0.142 per share. Net income forecast to grow 132% next year vs 44% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.42. Share price fell 8.8% to UK£1.27 over the past week.お知らせ • Dec 24Ithaca Energy plc Announces the Results of Recent Exploration Drilling at the Jocelyn South ProspectIthaca Energy plc announced the results of recent exploration drilling at the Jocelyn South prospect (P032) in Block 30/07a, located in the Central North Sea of the UK Continental Shelf. Upon entering the reservoir, Harbour Energy (as " Operator") informed Ithaca EF Limited, a subsidiary of Ithaca Energy plc, holding a 33% working interest in the prospect that signs of hydrocarbons were present. The top of the Joanne Reservoir was encountered in the well at the depth of 12,620ft TVDSS (17,763ft MD). Gas condensate (not sampled) was encountered in the Joanne sandstone reservoir, with a provisional net pay thickness in the well of 434ft MD (or 307.6ft TVT). Logging while drilling data, cuttings and pressures were recorded during drilling to establish reservoir quality and fluid parameters. The Operator intends to complete data gathering and evaluate the drilling results to establish commerciality of the reservoir. Jocelyn South forms part of the Harbour Energy operated J-Area, where Ithaca Energy is a partner in the Jade field (32.5% working interest), Judy field (33.0% working interest), Jasmine field (33.0%. working interest) and the Talbot field (33.0% Working interest) which recently achieved first production in November 2024.Major Estimate Revision • Nov 26Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.163 to US$0.137 per share. Revenue forecast steady at US$2.10b. Net income forecast to grow 41% next year vs 56% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target down from UK£1.47 to UK£1.40. Share price rose 14% to UK£1.14 over the past week.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£1.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 14% over the past year.お知らせ • Nov 21Ithaca Energy plc Announces Special Dividend for 2024, Payable on 20 December 2024Ithaca Energy plc announced a special dividend for 2024 of $200 million, representing $0.1209 per ordinary share. The special dividend will be paid on 20 December 2024 to shareholders on the share register on 29 November 2024.お知らせ • Nov 06Ithaca Energy plc to Report Q3, 2024 Results on Nov 21, 2024Ithaca Energy plc announced that they will report Q3, 2024 results on Nov 21, 2024お知らせ • Oct 08Ithaca Energy plc Announces Appointment of Tamir Polikar as A Non-Executive DirectorIthaca Energy plc is announced the appointment of Mr. Tamir Polikar as a non-executive director to its board of directors as nominee of Ithaca Energy's majority shareholder, Delek Group Ltd. Mr. Polikar previously served as a director of Ithaca Energy plc from 2020 to 2022 prior to the Group's listing on the London Stock Exchange. Subsequent to the Group's listing, he acted as an observer on the Board on behalf of the Delek Group. Mr. Polikar was appointed the Principal Chief Financial Officer of the Delek Group Ltd. in August 2020. Alongside this role, he serves as a director of the Delek Group Ltd. subsidiaries, as well as a director and business consultant of Polikar Holdings Ltd, a company engaged in real estate development in Israel and Bulgaria. In the past five years, Mr. Polikar has served as the Deputy CEO of the Delek Group Ltd, and previously held the position of CEO of the Aspen Group. Mr. Polikar brings with him a deep level of expertise in business and management, especially in the energy and real estate sectors. He is a Certified Public Accountant and holds an MBA from Heriot-Watt University in Scotland.New Risk • Oct 06New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Large one-off items impacting financial results.Major Estimate Revision • Oct 06Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.136 to US$0.155. Revenue forecast steady at US$2.06b. Net income forecast to grow 31% next year vs 38% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target of UK£1.44 unchanged from last update. Share price rose 9.0% to UK£1.16 over the past week.お知らせ • Oct 04Ithaca Energy plc (LSE:ITH) completed the acquisition of substantially all of its upstream assets in the UK from Eni UK Limited.Ithaca Energy plc (LSE:ITH) reached an agreement to acquire substantially all of its upstream assets in the UK from Eni UK Limited for approximately £750 million on April 23, 2024. Under the terms, Eni will transfer the Eni UK Business to Ithaca Energy in exchange for the issuance of such number of new Ithaca Energy shares to Eni UK as is equal to 38.5% of the fully diluted issued share capital of Ithaca Energy at Completion. Using the number of Ithaca Energy shares outstanding as at April 23, 2024, 635,013,542 Consideration Shares valued at £754 million would be issued to Eni UK to reflect the Merger Ratio. The transaction excludes East Irish Sea assets and CCUS activities. In 2023, the Eni UK Business generated £623 million of EBITDA. From Completion, it is anticipated that Eni will be entitled to recommend the nomination of the next proposed CEO of the Combined Group in accordance with the policies and processes of Ithaca’s Nomination and Governance Committee. The Ithaca Energy Board have determined that the Combination is in the best interests of Ithaca Energy based on a number of factors and intend unanimously to recommend that shareholders vote in favour of the relevant resolutions at the shareholder meeting to be held to approve the Combination and the allotment and issue of the Consideration Shares to Eni UK, amongst other things. The Completion expected to occur in Q3 2024, subject to Ithaca Energy shareholder approval at a general meeting convened pursuant to an FCA-approved circular, FCA and London Stock Exchange approval of the admission of the Consideration Shares, satisfaction of certain regulatory approvals in the UK, completion of certain pre-sale reorganization steps in relation to the Eni UK assets and other customary conditions precedent. As on August 22, 2024, Ithaca Energy is pleased to announce that the following receipt of approval from the Financial Conduct Authority, published its prospectus and its shareholder circular in relation to the proposed combination with substantially all of Eni S.p.A.'s UK upstream oil and gas assets. The Group is making good progress with the required regulatory approvals and the Combination is expected to complete in Q4.Paul Wheeler, Sam Barnett, Philip Clausen-Thue, and Will Soutar of Jefferies International acted as Financial Advisor to Ithaca Energy. Morgan Stanley International Limited acted as financial advisor to Eni UK Limited. Rosalie Chadwick and Jonathan Woolf and Julian Stanier of Pinsent Masons acted as legal advisors to Ithaca Energy plc (LSE:ITH). On September 11, 2024, Ithaca Energy is pleased to announce that the resolution put to the General Meeting voted on by way of a poll was duly approved without amendment by the requisite majority of shareholders, shareholder approval for the Combination has now been received. Ithaca Energy plc (LSE:ITH) completed the acquisition of substantially all of its upstream assets in the UK from Eni UK Limited on October 3, 2024. As a part of closing, Ithaca Energy is pleased to announce the formal appointment of Luciano Vasques as Chief Executive Officer and the appointment of two new non-executive directors to its board of directors, MrFrancesco Gattei, theChief Transition & Financial Officer, Chief Operating Officer and General Manager of Eni S.p.A. and MrGuido Brusco, theChief Operating Officer Global Natural Resources and General Manager at Eni S.p.A., as nominees of Ithaca Energy's second largest shareholder, Eni UK Limited. Mr. Brusco will also join the Company's Nomination and Governance Committee. Paul Wheeler, Sam Barnett, Philip Clausen-Thue and Will Soutar of Jefferies International Limited acted as financial advisor to Ithaca Energy.お知らせ • Oct 03+ 1 more updateIthaca Energy plc Announces Board and Committee AppointmentsIthaca Energy plc announced two new non-executive directors to its board of directors, Mr. Francesco Gattei, the Chief Transition & Financial Officer, Chief Operating Officer and General Manager of Eni S.p.A. and Mr. Guido Brusco, the Chief Operating Officer Global Natural Resources and General Manager at Eni S.p.A., as nominees of Ithaca Energy's second largest shareholder, Eni UK Limited. Mr. Brusco will also join the Company's Nomination and Governance Committee. Mr. Gattei has over 25 years of experience in the oil and gas industry across various senior roles at Eni S.p.A. Group. He is currentlyChief Transition & Financial Officer, Chief Operating Officer and General Manager for Eni S.p.A. and has previously served as Chief Financial Officer, Upstream Director of the Americas, Head of Investor Relations, Secretary to Eni's Advisory Board, Senior VP of Market Scenarios and Strategic Options, and Head of Upstream M&A. Alongside these roles, he was a member of the Board of Directors of Saipem from 2014 to 2015. Mr. Gattei holds a Master in Energy and Environmental Management from the Scuola Mattei. Furthermore, he earned a degree in Economics and Commerce in 1994 at the University of Bologna with a thesis on the oil market. Alongside these roles, Mr. Gattei currently holds a position on the board of directors of Vår Energi, a company listed on the Oslo Stock Exchange. Mr. Brusco has over 25 years of experience in the energy business for Eni S.p. A Group across different countries and senior positions. Mr. Brusco is currently Chief Operating Officer Global Natural Resources and General Manager and has previously served as Upstream Director, Executive Vice President for the Sub-Saharan Region and Managing Director in Angola and Kazakhstan. Alongside these roles, Mr. Brusco currently holds a position on the board of directors of Vår Energi and Azule Energy Holdings Limited, an international energy company located in Angola. In addition, he was appointed as Chairman of Confindustria Energia, Italy's Federation of energy sector associations, in July 2023. He graduated with Honors in Mechanical Engineering at "La Sapienza" University of Rome.New Risk • Sep 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Major Estimate Revision • Sep 25Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.82b to US$2.09b. EPS estimate increased from US$0.04 to US$0.136 per share. Net income forecast to grow 18% next year vs 41% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target down from UK£1.47 to UK£1.42. Share price rose 2.1% to UK£1.05 over the past week.Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to UK£1.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 16% over the past year.Major Estimate Revision • Aug 29Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.10b to US$1.67b. EPS estimate fell from US$0.17 to US$0.04 per share. Net income forecast to grow 2.3% next year vs 38% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.51. Share price rose 5.7% to UK£1.31 over the past week.Declared Dividend • Aug 25First half dividend of US$0.099 announcedShareholders will receive a dividend of US$0.099. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 16%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 174% to bring the payout ratio under control. EPS is expected to grow by 93% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 23Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$0.063 (up from US$0.001 in 2Q 2023). Revenue: US$361.6m (down 40% from 2Q 2023). Net income: US$63.0m (up US$61.8m from 2Q 2023). Profit margin: 17% (up from 0.2% in 2Q 2023). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.お知らせ • Aug 22Ithaca Energy plc Announces First Interim Dividend for 2024, Payable on 27 September 2024Ithaca Energy plc announced its first interim dividend for 2024 of $100 million, representing $0.0986 per ordinary share. The first interim dividend will be paid on 27 September 2024 to shareholders on the share register on 6 September 2024.お知らせ • Aug 15Ithaca Energy plc to Report First Half, 2024 Results on Aug 22, 2024Ithaca Energy plc announced that they will report first half, 2024 results on Aug 22, 2024Major Estimate Revision • Jul 01Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.98b to US$2.08b. EPS estimate increased from US$0.119 to US$0.135 per share. Net income forecast to grow 65% next year vs 41% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target of UK£1.55 unchanged from last update. Share price fell 5.9% to UK£1.23 over the past week.お知らせ • Jun 28Ithaca Energy plc Announces Board of Directors ChangesIthaca Energy plc announced the appointment of Yaniv Friedman as Executive Chairman. This appointment follows the announcement on 28 May 2024 of a number of changes to the Company's Board of Directors and Executive Management team, including that of Yaniv Friedman's appointment, to strengthen the Company's executive leadership as it embarks on its next phase of growth, having recently announced its proposed transformational business combination with substantially all of the upstream assets of Eni in the UK. Yaniv Friedman has significant global executive experience working in the energy and infrastructure sectors and brings considerable strategic, commercial, public company and M&A expertise. Yaniv most recently held the role of CEO of Modiin Energy LP, an oil and gas partnership listed on the Tel Aviv Stock Exchange with operations including development projects in the US as well as exploration offshore Israel. Prior to this, Yaniv served as Deputy Chief Executive Officer of Newmed Energy LP, Israel's leading energy partnership in the exploration, development, production and sale of natural gas. Yaniv has also held other senior executive positions in public and private energy companies. Dave Blackwood, CBE having temporarily served as non-executive Chairman will return to his role as a non-executive director.お知らせ • May 30Ithaca Energy plc to Report Q1, 2024 Results on May 28, 2024Ithaca Energy plc announced that they will report Q1, 2024 results on May 28, 2024Reported Earnings • May 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: US$0.042 (down from US$0.16 in 1Q 2023). Revenue: US$480.3m (down 26% from 1Q 2023). Net income: US$42.7m (down 73% from 1Q 2023). Profit margin: 8.9% (down from 25% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.お知らせ • May 29Ithaca Energy plc Announces Management ChangesIthaca Energy plc announced a number of changes to its Board of Directors and Executive Management team to strengthen the Company's leadership as it embarks on its next phase of growth, having recently announced its proposed transformational business combination with substantially all of the upstream assets of Eni in the UK (the "Eni UK Business") (the "Business Combination"). Having guided the Company through its acquisition-led growth strategy since 2019, culminating in the recent Business Combination with ENI UK, Gilad Myerson will now be stepping down from his role as Executive Chairman with immediate effect. Gilad has been an instrumental part of Ithaca Energy's growth, increasing its footprint, production, reserves and cash flows significantly through the integration of Chevron North Sea, the acquisitions of Mitsui UK, Marubeni UK, Summit E&P (UK) and Siccar Point Energy, the milestone sanctioning of the Rosebank development, the Company's listing on the London Stock Exchange and the recent announcement of the transformational Business Combination. Gilad will be available as an advisor to the Company to provide assistance as required for a limited period of time. Dave Blackwood, CBE will serve as non-executive Chairman until his successor is formally appointed then returning to his role as non-executive director. Dave Blackwood joined Ithaca Energy's Board in October 2022 as non-executive director and Chair of the Health, Safety, Environmental and Security committee, after a distinguished career spanning 47 years in the global energy sector, including heading up bp's upstream business in the UK and Norway. Dave brings considerable leadership and Board experience and a deep understanding of the oil and gas industry with significant technical and commercial expertise. The Company is also announced the appointment of Odin Estensen as Chief Operating Officer. With more than 35 years' experience in the oil and gas sector, Odin brings a wealth of operating experience and joins Ithaca Energy from Neptune Energy where he served as Managing Director of its Norwegian and UK businesses. Prior to this Odin held various senior roles at Shell across Europe, the Middle East, Africa and Asia. Odin will join the Company immediately.業績と収益の成長予測LSE:ITH - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20252,947-848611,745N/A9/30/20252,905-1015521,340N/A6/30/20252,594-1706801,298N/A3/31/20252,209-148445975N/A12/31/20241,982153389853N/A9/30/20241,7271896371,062N/A6/30/20241,9142396891,160N/A3/31/20242,1561777591,253N/A12/31/20232,3202938121,291N/A9/30/20232,418-1228821,277N/A6/30/20232,509-3671,0571,425N/A3/31/20232,5034281,3901,791N/A12/31/20222,5981,0321,3431,723N/A9/30/20222,4751,5901,4241,858N/A6/30/20222,1471,8671,0931,508N/A3/31/20221,8241,152631941N/A12/31/20211,428426643913N/A9/30/20211,239584480672N/A6/30/20211,171486585727N/A3/31/20211,173430707823N/A12/31/20201,176-402709817N/A9/30/20201,200-784680833N/A6/30/20201,001-803532705N/A3/31/2020822-826310517N/A12/31/2019582-15N/A335N/A9/30/2019344127N/A167N/A6/30/2019384145N/A129N/A3/31/2019380129N/A116N/A12/31/2018326118N/A68N/A9/30/2018348-51N/A95N/A6/30/2018314-59N/A112N/A3/31/2018258-32N/A131N/A12/31/2017242-26N/A135N/A9/30/201719038N/A147N/A6/30/2017161-36N/A145N/A3/31/2017148-61N/A128N/A12/31/2016144-54N/A156N/A9/30/2016138-242N/A179N/A6/30/2016135-129N/A192N/A3/31/2016170-77N/A201N/A12/31/2015207-121N/A216N/A9/30/20152617N/A219N/A6/30/2015309-28N/A210N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ITHの収益は今後 3 年間で減少すると予測されています (年間-7.4% )。収益対市場: ITH今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: ITH今後 3 年以内に収益を上げることが予想されます。収益対市場: ITHの収益は今後 3 年間で減少すると予想されています (年間-8.9% )。高い収益成長: ITHの収益は今後 3 年間で減少すると予測されています (年間-8.9% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ITHの 自己資本利益率 は、3年後には低くなると予測されています ( 11.3 %)。成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 09:33終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ithaca Energy plc 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。20 アナリスト機関Matthew CooperBarclaysLydia RainforthBarclaysJames HosieBarclays17 その他のアナリストを表示
お知らせ • 9hIthaca Energy plc Reaffirms Production Guidance for the Fiscal Year 2026Ithaca Energy plc reaffirmed production guidance for the fiscal year 2026. For the year, the company expects production to be in the range of 120 kboe/d to 130 kboe/d.
お知らせ • Mar 19+ 1 more updateIthaca Energy plc Provides Production Guidance for the Fiscal Year 2026Ithaca Energy plc provided production guidance for the fiscal year 2026. For the year, the company expects production guidance range of 120 kboe/d -130 kboe/d reflecting enhanced installed operating capacity and full year contribution of increased stakes in the Cygnus and Seagull fields.
お知らせ • Aug 21+ 1 more updateIthaca Energy plc Updates Production Guidance for the Full Year 2025Ithaca Energy plc updated production guidance for the full year 2025. For the year, the company upgraded Fiscal Year 2025 production guidance range to 119 kboe/d -125 kboe/d from 109 kboe/d -119 kboe/d, driven by core asset production performance in H1 (acquisition production unchanged from previous guidance) and reflecting planned summer turnaround activity.
お知らせ • May 21Ithaca Energy plc Reaffirms Production Guidance for the Full Year 2025Ithaca Energy plc reaffirmed production guidance for the full year 2025. For the period, the company expects production in range of 109-119 kboe/d.
Major Estimate Revision • May 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.02b to US$2.94b. EPS estimate also fell from US$0.16 per share to US$0.141 per share. Net income forecast to grow 91% next year vs 17% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.43. Share price fell 8.0% to UK£1.29 over the past week.
Major Estimate Revision • Jan 23Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.03b to US$2.13b. EPS estimate increased from US$0.116 to US$0.142 per share. Net income forecast to grow 132% next year vs 44% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.42. Share price fell 8.8% to UK£1.27 over the past week.
お知らせ • 9hIthaca Energy plc Reaffirms Production Guidance for the Fiscal Year 2026Ithaca Energy plc reaffirmed production guidance for the fiscal year 2026. For the year, the company expects production to be in the range of 120 kboe/d to 130 kboe/d.
New Risk • 9hNew major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.3% average weekly change).
お知らせ • May 15Ithaca Energy plc to Report Q1, 2026 Results on May 20, 2026Ithaca Energy plc announced that they will report Q1, 2026 results on May 20, 2026
ナラティブの更新 • May 04ITH: Dividend Payout Will Support Returns While Future Earnings Multiple CompressesAnalysts have adjusted their price target for Ithaca Energy to reflect updated views on revenue trends, profitability and a lower future P/E assumption. The revised target is £1.51 per share, unchanged from the previous £1.51.
ナラティブの更新 • Apr 20ITH: Future Returns Will Balance Dividend Payouts And Production Execution RisksThe analyst price target for Ithaca Energy has been adjusted slightly higher to £2.24 from £2.21. Analysts cite updated fair value estimates, along with changes in revenue growth, profit margin expectations and future P/E assumptions, as key drivers of the move.
お知らせ • Apr 15Ithaca Energy plc, Annual General Meeting, May 13, 2026Ithaca Energy plc, Annual General Meeting, May 13, 2026. Location: p and j live, east burn road, ab21 9fx, aberdeen United Kingdom
ナラティブの更新 • Apr 05ITH: Future Profit Pressures Will Limit Upside Despite Dividend SupportAnalysts have trimmed their price target on Ithaca Energy to £1.70 from £1.80, citing a fair value estimate that now points to a smaller valuation gap, as well as updated assumptions for lower revenue growth, slightly lower profit margins, a higher future P/E multiple and a modestly reduced discount rate. Analyst Commentary Recent research highlights a more balanced stance on Ithaca Energy, with the revised £1.70 price target reflecting a view that the share price is now closer to analysts’ estimates of fair value.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.4% average weekly change).
ナラティブの更新 • Mar 22ITH: Overvaluation Concerns Will Persist As Dividend And Output Execution Risks LoomAnalysts have raised their fair value estimate for Ithaca Energy from £1.83 to £2.21 per share, reflecting updated assumptions on growth, profitability and the recent shift in Street views that now see a more balanced risk and reward profile. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgrade to Neutral from Sell as a sign that execution risks now look more balanced against potential rewards after the recent share price underperformance.
Declared Dividend • Mar 20Dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 9.6%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 3 years. However, payments have been volatile during that time.
お知らせ • Mar 19+ 1 more updateIthaca Energy plc Provides Production Guidance for the Fiscal Year 2026Ithaca Energy plc provided production guidance for the fiscal year 2026. For the year, the company expects production guidance range of 120 kboe/d -130 kboe/d reflecting enhanced installed operating capacity and full year contribution of increased stakes in the Cygnus and Seagull fields.
Reported Earnings • Mar 18Full year 2025 earnings released: US$0.051 loss per share (vs US$0.13 profit in FY 2024)Full year 2025 results: US$0.051 loss per share (down from US$0.13 profit in FY 2024). Revenue: US$2.95b (up 49% from FY 2024). Net loss: US$84.1m (down 155% from profit in FY 2024). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12Ithaca Energy plc to Report Fiscal Year 2025 Results on Mar 18, 2026Ithaca Energy plc announced that they will report fiscal year 2025 results on Mar 18, 2026
ナラティブの更新 • Mar 08ITH: Reset Expectations And Legal Resolution Will Shape Future Cash GenerationAnalysts have reduced Ithaca Energy's price target from £1.80 to £1.70, reflecting updated assumptions for revenue growth, profit margins and future P/E. They now view these assumptions as supporting a more balanced risk and reward profile for the shares.
ナラティブの更新 • Feb 21ITH: Reset Expectations And Balanced Risk Reward Will Support Future Cash GenerationIthaca Energy's analyst price target has been trimmed by £0.10 to £1.70 per share, as analysts now see a more balanced risk and reward profile after the recent share price underperformance and modest tweaks to fair value, revenue growth assumptions, profit margin expectations and future P/E. Analyst Commentary Recent Street research on Ithaca Energy points to a more balanced view, with some bullish analysts seeing the current share price as better aligned with their assessment of value.
ナラティブの更新 • Feb 07ITH: Reset Tax And Hedging Expectations Will Support Future Cash GenerationOur new analyst price target for Ithaca Energy moves modestly higher to about £2.62 from £2.55 per share. This reflects analysts' view that the recent upgrade to Neutral and reset to a 170 GBp target signal a more balanced risk and reward profile after the stock's recent underperformance.
分析記事 • Feb 03Is Ithaca Energy (LON:ITH) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
ナラティブの更新 • Jan 24ITH: Fair Rating Will Rely On Execution Under Tougher U.K. Tax RegimeAnalysts have slightly reduced their fair value estimate for Ithaca Energy, alongside lowering the average price target to £1.70 from £1.80. This adjustment reflects updated expectations for revenue growth and profit margins, and suggests a more balanced view of risk and reward following the recent share pullback.
ナラティブの更新 • Jan 09ITH: Premium Rating Will Rely On Execution Under Tougher U.K. Tax RegimeAnalysts have trimmed their fair value estimate for Ithaca Energy to about £1.85 per share from roughly £1.93, citing the recent downgrade to Sell, the premium valuation in a tougher U.K. tax regime, relatively lower cash returns versus peers, and limited gas hedging from 2027. Analyst Commentary Recent research has put a spotlight on how Ithaca Energy is priced versus its risk profile, especially under the current U.K. tax regime and its evolving hedging strategy.
ナラティブの更新 • Dec 16ITH: Cygnus Acquisition Will Support Cash Generation Despite Tough Tax BackdropAnalysts have trimmed their price target on Ithaca Energy to 180 GBp from 200 GBp, citing the shares trading at a premium despite the U.K. tax regime, moderating cash returns relative to peers, and concerns about limited gas hedging beyond 2026. Analyst Commentary Bullish analysts acknowledge that Ithaca Energy faces structural challenges in the U.K. tax environment and a less favorable hedging profile beyond 2026, yet they still see selective reasons for optimism around execution and cash generation.
分析記事 • Dec 12Lacklustre Performance Is Driving Ithaca Energy plc's (LON:ITH) 30% Price DropIthaca Energy plc ( LON:ITH ) shareholders won't be pleased to see that the share price has had a very rough month...
ナラティブの更新 • Dec 02ITH: Mixed Outlook As Tax Risks Offset Recent Operational ProgressAnalysts have raised their price target for Ithaca Energy from £1.84 to £1.93. This change reflects underlying shifts in profitability and cash flow expectations, despite concerns over its premium valuation and the evolving U.K. tax environment.
Declared Dividend • Nov 21Dividend of US$0.08 announcedShareholders will receive a dividend of US$0.08. Ex-date: 27th November 2025 Payment date: 18th December 2025 Dividend yield will be 12%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (65% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.
Reported Earnings • Nov 20Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$0.06 (up from US$0.029 in 3Q 2024). Revenue: US$695.7m (up 81% from 3Q 2024). Net income: US$98.3m (up 239% from 3Q 2024). Profit margin: 14% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 2.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 20Ithaca Energy plc Announces Second Interim Dividend for 2025, Payable on 18 December 2025Ithaca Energy plc announced its second interim dividend for 2025 of $133 million, representing $0.0804 per ordinary share. The second interim dividend will be paid on 18 December 2025 to shareholders on the share register on 28 November 2025. The dividend is payable in cash in Sterling to holders of the ordinary shares.
ナラティブの更新 • Nov 18ITH: Lower Discount Rate Will Fail To Justify Recent Share OfferingAnalysts have raised their price target for Ithaca Energy from £1.73 to £1.84, citing a slightly lower discount rate in addition to a modest adjustment to revenue growth and profit margin forecasts. What's in the News Ithaca Energy has completed the acquisition of an additional 46.25% interest in the Cygnus gas field, increasing its operated stake to 85%.
ナラティブの更新 • Nov 03ITH: Incremental Changes In Discount Rate Will Limit Share UpsideAnalysts have modestly revised their price target for Ithaca Energy, adjusting the fair value estimate from £1.73 to £1.73 per share. They cite incremental changes in the company’s discount rate and future P/E outlook as underlying factors for the update.
分析記事 • Oct 28Why We're Not Concerned About Ithaca Energy plc's (LON:ITH) Share PriceWith a median price-to-sales (or "P/S") ratio of close to 1.8x in the Oil and Gas industry in the United Kingdom, you...
ナラティブの更新 • Oct 20North Sea Projects Will Shape The Future Despite Energy TransitionAnalysts have raised their price target for Ithaca Energy from £1.60 to £1.73 per share. They cite improved revenue growth projections and a stronger profit margin outlook as the reasons for this adjustment.
New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change).
お知らせ • Sep 03+ 1 more updateIthaca Energy plc has completed a Follow-on Equity Offering in the amount of £106.045594 million.Ithaca Energy plc has completed a Follow-on Equity Offering in the amount of £106.045594 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 49,611,974 Price\Range: £2.1375 Transaction Features: Regulation S; Subsequent Direct Listing
ナラティブの更新 • Aug 27Rosebank And Captain EOR Risks Will Undermine Oil OperationsDespite a sharp downgrade in revenue growth expectations, Ithaca Energy’s future P/E has dropped substantially, improving valuation and likely driving the consensus price target up from £1.54 to £1.61. What's in the News Upgraded FY2025 production guidance to 119–125 kboe/d from prior 109–119 kboe/d, reflecting strong core asset performance.
Declared Dividend • Aug 22Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 4th September 2025 Payment date: 26th September 2025 Dividend yield will be 13%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (53% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.
Reported Earnings • Aug 21Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.025 (down from US$0.063 in 2Q 2024). Revenue: US$746.4m (up 106% from 2Q 2024). Net income: US$41.1m (down 35% from 2Q 2024). Profit margin: 5.5% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Oil and Gas industry in the United Kingdom.
お知らせ • Aug 21+ 1 more updateIthaca Energy plc Updates Production Guidance for the Full Year 2025Ithaca Energy plc updated production guidance for the full year 2025. For the year, the company upgraded Fiscal Year 2025 production guidance range to 119 kboe/d -125 kboe/d from 109 kboe/d -119 kboe/d, driven by core asset production performance in H1 (acquisition production unchanged from previous guidance) and reflecting planned summer turnaround activity.
New Risk • Aug 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.
分析記事 • Aug 11Here's Why Ithaca Energy (LON:ITH) Can Manage Its Debt ResponsiblyLSE:ITH 1 Year Share Price vs Fair Value Explore Ithaca Energy's Fair Values from the Community and select yours David...
お知らせ • Jul 03Ithaca Energy plc to Report First Half, 2025 Results on Aug 20, 2025Ithaca Energy plc announced that they will report first half, 2025 results on Aug 20, 2025
分析記事 • Jun 19Ithaca Energy plc (LON:ITH) Stock Rockets 28% As Investors Are Less Pessimistic Than ExpectedThe Ithaca Energy plc ( LON:ITH ) share price has done very well over the last month, posting an excellent gain of 28...
New Risk • Jun 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.
New Risk • May 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.
Reported Earnings • May 23First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: US$0.16 loss per share (down from US$0.042 profit in 1Q 2024). Revenue: US$707.6m (up 47% from 1Q 2024). Net loss: US$258.7m (down US$301.4m from profit in 1Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
お知らせ • May 21Ithaca Energy plc Reaffirms Production Guidance for the Full Year 2025Ithaca Energy plc reaffirmed production guidance for the full year 2025. For the period, the company expects production in range of 109-119 kboe/d.
Major Estimate Revision • May 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.02b to US$2.94b. EPS estimate also fell from US$0.16 per share to US$0.141 per share. Net income forecast to grow 91% next year vs 17% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.43. Share price fell 8.0% to UK£1.29 over the past week.
New Risk • May 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (7.7% net profit margin).
お知らせ • May 16Ithaca Energy Limited Proposes Settlement of LitigationThis Notice is directed to all persons and entities, excluding certain persons associated with the Defendants, wherever they may reside or be domiciled, who purchased or otherwise acquired Ithaca Energy Inc., now known as Ithaca Energy Limited ("Ithaca") common shares in the secondary market, on or after October 9, 2014, and held some or all of those securities until after the close of trading on February 24, 2015. A class action brought on behalf of Class Members has been settled, subject to approval from the Court. This Notice provides Class Members with information about the Settlement and their rights to participate in the Court proceedings considering whether to approve the Settlement (including each putative Class Member's right to attend the hearing to approve the Settlement, or to object to the Settlement ("Approval Hearing")). On May 26, 2015, a proposed class action was commenced on behalf of investors who purchased Ithaca common shares in the secondary market during the Class Period, against Ithaca in the Alberta Court of King's Bench: Stevens v. Ithaca Energy Inc.(now, Ithaca Energy Limited) Court File no. 1501-05830 (the " Action"). The Plaintiff in the Action alleges that the Defendant made misrepresentations during the Class Period related to Ithaca's offshore oil and gas business and operations concerning: (1) material modifications to its floating production facility the FPF-1; and (2) corresponding 2015 pro forma production and revenue projections for the Greater Stella Area in the Central North Sea. Ithaca denies all such allegations. The parties have reached a proposed settlement of the Action, without an admission of liability on the part of the Defendant, subject to approval by the Court. Ithaca's insurer will pay CAD $9 million (the "Settlement Amount"), in full and final settlement of all claims against Ithaca in the Action. The Settlement Amount, less administration expenses, class counsel fees, interest, taxes and any other costs or expenses related to the Action or the Settlement (the "Net Settlement Amount"), if approved by the Court, will be distributed to the Class in accordance with a court-approved Plan of Allocation. If the Settlement is approved, a further notice will be published which will include instructions on how Class Members can file Claim Forms to participate in the distribution of the Net Settlement Amount and the deadline for doing so. The Settlement provides that if it is approved by the Court, the claims of all Class Members which were asserted or which could have been asserted in the Action, will be fully and finally released and the Action will be dismissed. The Court will be asked to approve the proposed Settlement and the lawyers' fees, disbursements, expenses and taxes at a hearing to be held on August 7, 2025 at 2:00 p.m. by videoconference. Class Members who do not oppose the proposed Settlement are not required to appear at the hearing or take any other action at this time to indicate their desire to participate in the proposed settlement. Class Members who oppose the proposed Settlement may have their opposition heard by filing an Objection (see "Objections" below). Class Members who consider it desirable or necessary to seek the advice and guidance of their own lawyers may do so at their own expense. Class Members may attend the Approval Hearing whether or not they deliver an objection. The Court may permit Class Members to participate in the Approval Hearing whether or not they deliver an objection. Class Members who wish for a lawyer to speak on their behalf at the Approval Hearing may retain one to do so at their own expense.
お知らせ • May 03Ithaca Energy plc to Report Q1, 2025 Results on May 21, 2025Ithaca Energy plc announced that they will report Q1, 2025 results on May 21, 2025
New Risk • Apr 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin).
New Risk • Apr 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 93% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (7.7% net profit margin).
お知らせ • Apr 11Ithaca Energy plc, Annual General Meeting, May 14, 2025Ithaca Energy plc, Annual General Meeting, May 14, 2025. Location: p and j live, east burn road, ab21 9fx, scotland, aberdeen United Kingdom
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to UK£1.33, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at UK£0.67 per share.
Declared Dividend • Mar 28Dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 3rd April 2025 Payment date: 25th April 2025 Dividend yield will be 18%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (210% earnings payout ratio) nor is it covered by cash flows (173% cash payout ratio). The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 133% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Cash payout ratio: 173% Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.13 (down from US$0.21 in FY 2023). Revenue: US$1.98b (down 15% from FY 2023). Net income: US$153.2m (down 29% from FY 2023). Profit margin: 7.7% (down from 9.3% in FY 2023). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
お知らせ • Mar 26+ 1 more updateIthaca Energy plc Reaffirms Dividend Policy for 2025Ithaca Energy plc announced reaffirming dividend policy for 2025 targeting dividend of 30% post-tax CFFO, with a dividend target of $500 million for fiscal year 2025.
お知らせ • Mar 25Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire 15% stake in Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million.Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million on March 25, 2025. he Transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy's WI in Seagull from 35% to 50%, equalling bp's interest as the field operator. The transaction is expected to be completed on June 30, 2025.
New Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Cash payout ratio: 102% Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
お知らせ • Feb 20Ithaca Energy plc to Report Fiscal Year 2024 Results on Mar 26, 2025Ithaca Energy plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Mar 26, 2025
新しいナラティブ • Feb 12Rosebank Delays And High Capital Expenditures Will Strain Cash Flow In 2024 Heavy capital investment and ongoing projects may strain cash flow and impact future revenue due to potential delays and cost overruns.
Major Estimate Revision • Jan 23Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.03b to US$2.13b. EPS estimate increased from US$0.116 to US$0.142 per share. Net income forecast to grow 132% next year vs 44% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.42. Share price fell 8.8% to UK£1.27 over the past week.
お知らせ • Dec 24Ithaca Energy plc Announces the Results of Recent Exploration Drilling at the Jocelyn South ProspectIthaca Energy plc announced the results of recent exploration drilling at the Jocelyn South prospect (P032) in Block 30/07a, located in the Central North Sea of the UK Continental Shelf. Upon entering the reservoir, Harbour Energy (as " Operator") informed Ithaca EF Limited, a subsidiary of Ithaca Energy plc, holding a 33% working interest in the prospect that signs of hydrocarbons were present. The top of the Joanne Reservoir was encountered in the well at the depth of 12,620ft TVDSS (17,763ft MD). Gas condensate (not sampled) was encountered in the Joanne sandstone reservoir, with a provisional net pay thickness in the well of 434ft MD (or 307.6ft TVT). Logging while drilling data, cuttings and pressures were recorded during drilling to establish reservoir quality and fluid parameters. The Operator intends to complete data gathering and evaluate the drilling results to establish commerciality of the reservoir. Jocelyn South forms part of the Harbour Energy operated J-Area, where Ithaca Energy is a partner in the Jade field (32.5% working interest), Judy field (33.0% working interest), Jasmine field (33.0%. working interest) and the Talbot field (33.0% Working interest) which recently achieved first production in November 2024.
Major Estimate Revision • Nov 26Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.163 to US$0.137 per share. Revenue forecast steady at US$2.10b. Net income forecast to grow 41% next year vs 56% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target down from UK£1.47 to UK£1.40. Share price rose 14% to UK£1.14 over the past week.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£1.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 14% over the past year.
お知らせ • Nov 21Ithaca Energy plc Announces Special Dividend for 2024, Payable on 20 December 2024Ithaca Energy plc announced a special dividend for 2024 of $200 million, representing $0.1209 per ordinary share. The special dividend will be paid on 20 December 2024 to shareholders on the share register on 29 November 2024.
お知らせ • Nov 06Ithaca Energy plc to Report Q3, 2024 Results on Nov 21, 2024Ithaca Energy plc announced that they will report Q3, 2024 results on Nov 21, 2024
お知らせ • Oct 08Ithaca Energy plc Announces Appointment of Tamir Polikar as A Non-Executive DirectorIthaca Energy plc is announced the appointment of Mr. Tamir Polikar as a non-executive director to its board of directors as nominee of Ithaca Energy's majority shareholder, Delek Group Ltd. Mr. Polikar previously served as a director of Ithaca Energy plc from 2020 to 2022 prior to the Group's listing on the London Stock Exchange. Subsequent to the Group's listing, he acted as an observer on the Board on behalf of the Delek Group. Mr. Polikar was appointed the Principal Chief Financial Officer of the Delek Group Ltd. in August 2020. Alongside this role, he serves as a director of the Delek Group Ltd. subsidiaries, as well as a director and business consultant of Polikar Holdings Ltd, a company engaged in real estate development in Israel and Bulgaria. In the past five years, Mr. Polikar has served as the Deputy CEO of the Delek Group Ltd, and previously held the position of CEO of the Aspen Group. Mr. Polikar brings with him a deep level of expertise in business and management, especially in the energy and real estate sectors. He is a Certified Public Accountant and holds an MBA from Heriot-Watt University in Scotland.
New Risk • Oct 06New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Large one-off items impacting financial results.
Major Estimate Revision • Oct 06Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.136 to US$0.155. Revenue forecast steady at US$2.06b. Net income forecast to grow 31% next year vs 38% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target of UK£1.44 unchanged from last update. Share price rose 9.0% to UK£1.16 over the past week.
お知らせ • Oct 04Ithaca Energy plc (LSE:ITH) completed the acquisition of substantially all of its upstream assets in the UK from Eni UK Limited.Ithaca Energy plc (LSE:ITH) reached an agreement to acquire substantially all of its upstream assets in the UK from Eni UK Limited for approximately £750 million on April 23, 2024. Under the terms, Eni will transfer the Eni UK Business to Ithaca Energy in exchange for the issuance of such number of new Ithaca Energy shares to Eni UK as is equal to 38.5% of the fully diluted issued share capital of Ithaca Energy at Completion. Using the number of Ithaca Energy shares outstanding as at April 23, 2024, 635,013,542 Consideration Shares valued at £754 million would be issued to Eni UK to reflect the Merger Ratio. The transaction excludes East Irish Sea assets and CCUS activities. In 2023, the Eni UK Business generated £623 million of EBITDA. From Completion, it is anticipated that Eni will be entitled to recommend the nomination of the next proposed CEO of the Combined Group in accordance with the policies and processes of Ithaca’s Nomination and Governance Committee. The Ithaca Energy Board have determined that the Combination is in the best interests of Ithaca Energy based on a number of factors and intend unanimously to recommend that shareholders vote in favour of the relevant resolutions at the shareholder meeting to be held to approve the Combination and the allotment and issue of the Consideration Shares to Eni UK, amongst other things. The Completion expected to occur in Q3 2024, subject to Ithaca Energy shareholder approval at a general meeting convened pursuant to an FCA-approved circular, FCA and London Stock Exchange approval of the admission of the Consideration Shares, satisfaction of certain regulatory approvals in the UK, completion of certain pre-sale reorganization steps in relation to the Eni UK assets and other customary conditions precedent. As on August 22, 2024, Ithaca Energy is pleased to announce that the following receipt of approval from the Financial Conduct Authority, published its prospectus and its shareholder circular in relation to the proposed combination with substantially all of Eni S.p.A.'s UK upstream oil and gas assets. The Group is making good progress with the required regulatory approvals and the Combination is expected to complete in Q4.Paul Wheeler, Sam Barnett, Philip Clausen-Thue, and Will Soutar of Jefferies International acted as Financial Advisor to Ithaca Energy. Morgan Stanley International Limited acted as financial advisor to Eni UK Limited. Rosalie Chadwick and Jonathan Woolf and Julian Stanier of Pinsent Masons acted as legal advisors to Ithaca Energy plc (LSE:ITH). On September 11, 2024, Ithaca Energy is pleased to announce that the resolution put to the General Meeting voted on by way of a poll was duly approved without amendment by the requisite majority of shareholders, shareholder approval for the Combination has now been received. Ithaca Energy plc (LSE:ITH) completed the acquisition of substantially all of its upstream assets in the UK from Eni UK Limited on October 3, 2024. As a part of closing, Ithaca Energy is pleased to announce the formal appointment of Luciano Vasques as Chief Executive Officer and the appointment of two new non-executive directors to its board of directors, MrFrancesco Gattei, theChief Transition & Financial Officer, Chief Operating Officer and General Manager of Eni S.p.A. and MrGuido Brusco, theChief Operating Officer Global Natural Resources and General Manager at Eni S.p.A., as nominees of Ithaca Energy's second largest shareholder, Eni UK Limited. Mr. Brusco will also join the Company's Nomination and Governance Committee. Paul Wheeler, Sam Barnett, Philip Clausen-Thue and Will Soutar of Jefferies International Limited acted as financial advisor to Ithaca Energy.
お知らせ • Oct 03+ 1 more updateIthaca Energy plc Announces Board and Committee AppointmentsIthaca Energy plc announced two new non-executive directors to its board of directors, Mr. Francesco Gattei, the Chief Transition & Financial Officer, Chief Operating Officer and General Manager of Eni S.p.A. and Mr. Guido Brusco, the Chief Operating Officer Global Natural Resources and General Manager at Eni S.p.A., as nominees of Ithaca Energy's second largest shareholder, Eni UK Limited. Mr. Brusco will also join the Company's Nomination and Governance Committee. Mr. Gattei has over 25 years of experience in the oil and gas industry across various senior roles at Eni S.p.A. Group. He is currentlyChief Transition & Financial Officer, Chief Operating Officer and General Manager for Eni S.p.A. and has previously served as Chief Financial Officer, Upstream Director of the Americas, Head of Investor Relations, Secretary to Eni's Advisory Board, Senior VP of Market Scenarios and Strategic Options, and Head of Upstream M&A. Alongside these roles, he was a member of the Board of Directors of Saipem from 2014 to 2015. Mr. Gattei holds a Master in Energy and Environmental Management from the Scuola Mattei. Furthermore, he earned a degree in Economics and Commerce in 1994 at the University of Bologna with a thesis on the oil market. Alongside these roles, Mr. Gattei currently holds a position on the board of directors of Vår Energi, a company listed on the Oslo Stock Exchange. Mr. Brusco has over 25 years of experience in the energy business for Eni S.p. A Group across different countries and senior positions. Mr. Brusco is currently Chief Operating Officer Global Natural Resources and General Manager and has previously served as Upstream Director, Executive Vice President for the Sub-Saharan Region and Managing Director in Angola and Kazakhstan. Alongside these roles, Mr. Brusco currently holds a position on the board of directors of Vår Energi and Azule Energy Holdings Limited, an international energy company located in Angola. In addition, he was appointed as Chairman of Confindustria Energia, Italy's Federation of energy sector associations, in July 2023. He graduated with Honors in Mechanical Engineering at "La Sapienza" University of Rome.
New Risk • Sep 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Major Estimate Revision • Sep 25Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.82b to US$2.09b. EPS estimate increased from US$0.04 to US$0.136 per share. Net income forecast to grow 18% next year vs 41% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target down from UK£1.47 to UK£1.42. Share price rose 2.1% to UK£1.05 over the past week.
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to UK£1.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 16% over the past year.
Major Estimate Revision • Aug 29Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.10b to US$1.67b. EPS estimate fell from US$0.17 to US$0.04 per share. Net income forecast to grow 2.3% next year vs 38% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.51. Share price rose 5.7% to UK£1.31 over the past week.
Declared Dividend • Aug 25First half dividend of US$0.099 announcedShareholders will receive a dividend of US$0.099. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 16%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 174% to bring the payout ratio under control. EPS is expected to grow by 93% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 23Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$0.063 (up from US$0.001 in 2Q 2023). Revenue: US$361.6m (down 40% from 2Q 2023). Net income: US$63.0m (up US$61.8m from 2Q 2023). Profit margin: 17% (up from 0.2% in 2Q 2023). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
お知らせ • Aug 22Ithaca Energy plc Announces First Interim Dividend for 2024, Payable on 27 September 2024Ithaca Energy plc announced its first interim dividend for 2024 of $100 million, representing $0.0986 per ordinary share. The first interim dividend will be paid on 27 September 2024 to shareholders on the share register on 6 September 2024.
お知らせ • Aug 15Ithaca Energy plc to Report First Half, 2024 Results on Aug 22, 2024Ithaca Energy plc announced that they will report first half, 2024 results on Aug 22, 2024
Major Estimate Revision • Jul 01Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.98b to US$2.08b. EPS estimate increased from US$0.119 to US$0.135 per share. Net income forecast to grow 65% next year vs 41% growth forecast for Oil and Gas industry in the United Kingdom. Consensus price target of UK£1.55 unchanged from last update. Share price fell 5.9% to UK£1.23 over the past week.
お知らせ • Jun 28Ithaca Energy plc Announces Board of Directors ChangesIthaca Energy plc announced the appointment of Yaniv Friedman as Executive Chairman. This appointment follows the announcement on 28 May 2024 of a number of changes to the Company's Board of Directors and Executive Management team, including that of Yaniv Friedman's appointment, to strengthen the Company's executive leadership as it embarks on its next phase of growth, having recently announced its proposed transformational business combination with substantially all of the upstream assets of Eni in the UK. Yaniv Friedman has significant global executive experience working in the energy and infrastructure sectors and brings considerable strategic, commercial, public company and M&A expertise. Yaniv most recently held the role of CEO of Modiin Energy LP, an oil and gas partnership listed on the Tel Aviv Stock Exchange with operations including development projects in the US as well as exploration offshore Israel. Prior to this, Yaniv served as Deputy Chief Executive Officer of Newmed Energy LP, Israel's leading energy partnership in the exploration, development, production and sale of natural gas. Yaniv has also held other senior executive positions in public and private energy companies. Dave Blackwood, CBE having temporarily served as non-executive Chairman will return to his role as a non-executive director.
お知らせ • May 30Ithaca Energy plc to Report Q1, 2024 Results on May 28, 2024Ithaca Energy plc announced that they will report Q1, 2024 results on May 28, 2024
Reported Earnings • May 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: US$0.042 (down from US$0.16 in 1Q 2023). Revenue: US$480.3m (down 26% from 1Q 2023). Net income: US$42.7m (down 73% from 1Q 2023). Profit margin: 8.9% (down from 25% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.
お知らせ • May 29Ithaca Energy plc Announces Management ChangesIthaca Energy plc announced a number of changes to its Board of Directors and Executive Management team to strengthen the Company's leadership as it embarks on its next phase of growth, having recently announced its proposed transformational business combination with substantially all of the upstream assets of Eni in the UK (the "Eni UK Business") (the "Business Combination"). Having guided the Company through its acquisition-led growth strategy since 2019, culminating in the recent Business Combination with ENI UK, Gilad Myerson will now be stepping down from his role as Executive Chairman with immediate effect. Gilad has been an instrumental part of Ithaca Energy's growth, increasing its footprint, production, reserves and cash flows significantly through the integration of Chevron North Sea, the acquisitions of Mitsui UK, Marubeni UK, Summit E&P (UK) and Siccar Point Energy, the milestone sanctioning of the Rosebank development, the Company's listing on the London Stock Exchange and the recent announcement of the transformational Business Combination. Gilad will be available as an advisor to the Company to provide assistance as required for a limited period of time. Dave Blackwood, CBE will serve as non-executive Chairman until his successor is formally appointed then returning to his role as non-executive director. Dave Blackwood joined Ithaca Energy's Board in October 2022 as non-executive director and Chair of the Health, Safety, Environmental and Security committee, after a distinguished career spanning 47 years in the global energy sector, including heading up bp's upstream business in the UK and Norway. Dave brings considerable leadership and Board experience and a deep understanding of the oil and gas industry with significant technical and commercial expertise. The Company is also announced the appointment of Odin Estensen as Chief Operating Officer. With more than 35 years' experience in the oil and gas sector, Odin brings a wealth of operating experience and joins Ithaca Energy from Neptune Energy where he served as Managing Director of its Norwegian and UK businesses. Prior to this Odin held various senior roles at Shell across Europe, the Middle East, Africa and Asia. Odin will join the Company immediately.
