Announcement • Jul 22
Energean PLC Completes Commissioning Of Second Oil Train On Energean Power FPSO Energean PLC announced that commissioning of the second oil train on its Energean Power FPSO was safely completed on 13 July 2026, expanding the FPSO's total liquids processing capacity from 18 kbbl/d to 31 kbbl/d and further increasing the proportion of the Company's revenues linked to Brent pricing. FPSO total liquids processing capacity increased from 18 kbbl/d to 31 kbbl/d. Liquids production successfully tested at rates of up to 21 kbbl/d. Following completion of certain Katlan-related subsea tie-in activities, the FPSO is expected to undergo testing at higher liquids production rates in August 2026. Liquids production from Israel averaged 10 kbbl/d in First Half 2026 and, in line with Energean's 2026 guidance, is expected to average 17-21 kbbl/d in Second Half 2026. This milestone further strengthens Energean's position as Israel's largest liquids producer and increases the proportion of the Company's revenues linked to Brent pricing. Production in Israel was temporarily suspended for 41 days between 28 February and 9 April 2026, following a directive from the Ministry of Energy and Infrastructure due to regional geopolitical developments. Excluding this shutdown, Israel liquids production averaged 13 kbbl/d in First Half 2026. Reflects planned shutdowns for Katlan-related activity and maintenance. Recent Insider Transactions • Jul 12
CEO & Director recently bought ₪740k worth of stock On the 6th of July, Mathaios Rigas bought around 26k shares on-market at roughly ₪28.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₪1.3m. Mathaios has been a buyer over the last 12 months, purchasing a net total of ₪2.1m worth in shares. Announcement • Apr 21
Energean plc, Annual General Meeting, May 20, 2026 Energean plc, Annual General Meeting, May 20, 2026. Location: stifel nicolaus europe limited london, United Kingdom Announcement • Apr 11
Energean plc Restarts Production from Energean Power FPSO Energean plc had received notice from the Ministry of Energy and Infrastructure, permitting the safe restart and resumption of production and operations at its Energean Power FPSO. Energean was working to safely restart production and resume normal operations in line with its operating procedures. The company would provide further updates in due course. Announcement • Mar 03
Energean plc Announces Temporary Suspension of Production from the Energean Power FPSO Energean plc confirms that it received notice from the Ministry of Energy and Infrastructure on 28 February 2026 ordering the temporary suspension of production and activities of the Energean Power FPSO, following the recent geopolitical escalation in the region. The safety of Energean's staff is top priority. Energean maintains a close dialogue with the Ministry of Energy and Infrastructure and other relevant stakeholders to facilitate the safe resumption of production as soon as possible. Declared Dividend • Feb 18
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 6th March 2026 Payment date: 30th March 2026 Dividend yield will be 9.3%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (160% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 78% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Feb 16
Energean plc Declares Fourth Quarter 2025 Dividend, Payable on 30 March 2026 Energean plc announced that the Board has declared its Fourth Quarter 2025 dividend of 30 US cents per share. Ex-dividend Date: 5 March 2026; Record Date: 6 March 2026; Payment Date: 30 March 2026. Announcement • Jan 29
Energean plc to Report Fiscal Year 2025 Results on Mar 19, 2026 Energean plc announced that they will report fiscal year 2025 results on Mar 19, 2026 Declared Dividend • Nov 28
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 7th December 2025 Payment date: 29th December 2025 Dividend yield will be 8.3%, which is lower than the industry average of 9.2%. Sustainability & Growth Dividend is not covered by earnings (160% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 78% to bring the payout ratio under control. EPS is expected to grow by 67% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 25
Energean plc Announces Restart of Production from the Energean Power FPSO Energean plc announced that it has received notice from the Ministry of Energy and Infrastructure, instructing the safe restart and resumption of production and operations
at its Energean Power FPSO. Energean is working to safely restart production and resume normal operations in line with its operating procedures. Announcement • Jun 13
Energean plc Announces Temporary Suspension of Production from the Energean Power FPSO Energean plc confirms that it received notice from the Ministry of Energy and Infrastructure on 13 June 2025 ordering the temporary suspension of production and activities of the Energean Power FPSO, following the recent geopolitical escalation in the region. The safety of Energean's staff is top priority. All production activities have now been temporarily suspended and notices have been issued to Energean's customers and other stakeholders. Energean maintains a close dialogue with the Ministry of Energy and Infrastructure and other relevant stakeholders to facilitate the safe resumption of production as soon as possible. Declared Dividend • May 25
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 8th June 2025 Payment date: 30th June 2025 Dividend yield will be 8.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (190% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 111% to bring the payout ratio under control. EPS is expected to grow by 57% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 16
Chariot Limited (AIM:CHAR) acquired 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG). Chariot Limited (AIM:CHAR) acquired 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG) on May 14, 2025. Under the terms, Energean plc ("Energean") has returned its Moroccan offshore interests to Chariot by completing the transfer of their wholly owned subsidiary which holds 45% and 37.5% respectively in the Lixus Offshore and Rissana Offshore licences. Post completion of the acquisition, Chariot is now Operator and has a 75% working interest in each licence, with ONHYM retaining their 25% stake.
Chariot Limited (AIM:CHAR) completed the acquisition of 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG) on May 14, 2025. Reported Earnings • Apr 19
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$0.63 (up from US$0.57 in FY 2023). Revenue: US$1.31b (up 34% from FY 2023). Net income: US$115.9m (up 14% from FY 2023). Profit margin: 8.8% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Combined production Oil equivalent production: 41.593 MMboe (33.158 MMboe in FY 2023) Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 18
Energean plc, Annual General Meeting, May 22, 2025 Energean plc, Annual General Meeting, May 22, 2025. Location: the offices of stifel nicolaus europe limited, 150 cheapside, ec2v 6et, london United Kingdom Recent Insider Transactions • Apr 12
Non-Executive Director recently bought ₪3.9m worth of stock On the 7th of April, Efstathios Topouzoglou bought around 100k shares on-market at roughly ₪39.38 per share. This trade did not impact their existing holding. In the last 3 months, they made an even bigger purchase worth ₪8.1m. Insiders have collectively bought ₪16m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪35.85, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in Asia. Total loss to shareholders of 13% over the past three years. Recent Insider Transactions • Mar 27
CEO & Director recently bought ₪3.3m worth of stock On the 24th of March, Mathaios Rigas bought around 81k shares on-market at roughly ₪40.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mathaios has been a buyer over the last 12 months, purchasing a net total of ₪5.0m worth in shares. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: US$0.63 (vs US$1.04 in FY 2023) Full year 2024 results: EPS: US$0.63 (down from US$1.04 in FY 2023). Revenue: US$1.31b (down 7.4% from FY 2023). Net income: US$115.9m (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 20
Energean plc Re-Iterates Production Guidance for the Full Year 2025 Energean plc re-iterated production guidance for the full year 2025. For the year, the company total production from Continuing operations of between 120 Kboed -130 Kboed. Declared Dividend • Mar 02
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 9th March 2025 Payment date: 31st March 2025 Dividend yield will be 7.7%, which is lower than the industry average of 9.2%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 18
Energean plc Announces Resignation of Amy Lashinsky as Non-Executive Director, Effective 28 February 2025 Energean plc announced Amy Lashinsky has resigned her position as Non-Executive Director, effective 28 February 2025, in order to focus on her other commitments. Amy Lashinsky's role as the non-executive director responsible for engagement with the workforce and her positions on the Board Committees will be reassigned and announced in due course. Declared Dividend • Dec 02
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 8th December 2024 Payment date: 30th December 2024 Dividend yield will be 7.7%, which is lower than the industry average of 9.2%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 28
Energean plc Declares Dividend for the Third Quarter of 2024, Payable on 30 December 2024 Energean plc announced that Board has declared its third quarter 2024 dividend of 30 US cents per share. For London Stock Exchange: Ex-dividend Date: 5 December 2024; Record Date: 6 December 2024; Payment Date: 30 December 2024. For Tel Aviv Stock Exchange: Ex-dividend Date: 8 December 2024; Record Date: 6 December 2024; Payment Date: 30 December 2024. Buy Or Sell Opportunity • Oct 29
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at ₪47.51. The fair value is estimated to be ₪60.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Recent Insider Transactions • Oct 06
CEO & Director recently bought ₪1.7m worth of stock On the 2nd of October, Mathaios Rigas bought around 40k shares on-market at roughly ₪42.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mathaios has been a buyer over the last 12 months, purchasing a net total of ₪3.9m worth in shares. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.4% 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 (460% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Buy Or Sell Opportunity • Sep 30
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to ₪45.56. The fair value is estimated to be ₪59.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Recent Insider Transactions • Sep 29
CFO & Executive Director recently bought ₪350k worth of stock On the 24th of September, Panagiotis Benos bought around 8k shares on-market at roughly ₪43.72 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Panagiotis has been a buyer over the last 12 months, purchasing a net total of ₪1.6m worth in shares. Reported Earnings • Sep 14
First half 2024 earnings released: EPS: US$0.63 (vs US$0.15 in 1H 2023) First half 2024 results: EPS: US$0.63 (up from US$0.15 in 1H 2023). Revenue: US$642.4m (up 71% from 1H 2023). Net income: US$115.9m (up 324% from 1H 2023). Profit margin: 18% (up from 7.3% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 25
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 9th June 2024 Payment date: 28th June 2024 Dividend yield will be 6.7%, which is lower than the industry average of 9.2%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio) nor is it covered by cash flows (191% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 68% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • May 19
Now 21% undervalued Over the last 90 days, the stock has risen 19% to ₪54.25. The fair value is estimated to be ₪68.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Apr 21
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: US$1.04 (up from US$0.097 in FY 2022). Revenue: US$1.42b (up 93% from FY 2022). Net income: US$184.9m (up US$167.7m from FY 2022). Profit margin: 13% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Combined production Oil equivalent production: 44.731 MMboe (15.038 MMboe in FY 2022) Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Energean plc, Annual General Meeting, May 23, 2024 Energean plc, Annual General Meeting, May 23, 2024, at 08:00 Coordinated Universal Time. Location: 5 Old Broad Street, London EC2N 1DW London United Kingdom Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: US$1.04 (vs US$0.097 in FY 2022) Full year 2023 results: EPS: US$1.04 (up from US$0.097 in FY 2022). Revenue: US$1.42b (up 93% from FY 2022). Net income: US$184.9m (up US$167.7m from FY 2022). Profit margin: 13% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 10 March 2024. Payment date: 29 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 9.0%. Within top quartile of Israeli dividend payers (6.9%). In line with average of industry peers (8.6%). Declared Dividend • Feb 25
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 10th March 2024 Payment date: 29th March 2024 Dividend yield will be 8.0%, which is lower than the industry average of 9.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • Feb 22
Energean plc Announces Fourth Quarter 202, Payable on 29 March 2024 Energean plc announced that Board has declared its fourth quarter 2023 dividend of 30 US cents per share. Ex-dividend Date is 7 March 2024. Record Date is 8 March 2024. Payment Date is 29 March 2024. Announcement • Jan 31
Energean plc Announces Changes to Board Committee Membership Energean plc announced that the following changes have been made to the membership of its committees, with effect from 1 February 2024: Martin Houston, Independent Non-Executive Director, will step down from the Remuneration & Talent Committee, will be appointed as Chair to the Environment, Safety & Social Responsibility Committee, and be appointed to the Nomination & Governance Committee. Andreas Persianis, Independent Non-Executive Director, will step down from the Environment, Safety & Social Responsibility Committee and be appointed to the Remuneration & Talent Committee. Following the changes noted above, the membership of the Company's board committees will be as follows: Audit & Risk Committee: Andrew Bartlett (Chair), Martin Houston, Amy Lashinsky and Andreas Persianis. Nomination & Governance Committee: Karen Simon (Chair), Andrew Bartlett, Martin Houston, Stathis Topouzoglou and Kimberley Wood. Remuneration & Talent Committee: Kimberley Wood (Chair), Amy Lashinsky, Andreas Persianis and Karen Simon. Environment, Safety and Social Responsibility Committee: Martin Houston (Chair), Amy Lashinsky, Karen Simon and Stathis Topouzoglou. Buying Opportunity • Dec 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₪60.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 76% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Upcoming Dividend • Dec 03
Upcoming dividend of US$0.30 per share at 9.3% yield Eligible shareholders must have bought the stock before 10 December 2023. Payment date: 29 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 9.3%. Within top quartile of Israeli dividend payers (7.7%). In line with average of industry peers (9.7%). New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.1% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Nov 15
Energean plc Announces the Resignation of Roy Franklin as Non-Executive Director Energean plc announced that Mr. Roy Franklin has resigned his position as Non-Executive Director, effective immediately, in order to focus on his other corporate interests. Mr. Franklin's role as Senior Independent Director and on the Board Committees will be reassigned and announced in due course. Recent Insider Transactions • Oct 15
Independent Non-Executive Chairman recently bought ₪2.2m worth of stock On the 10th of October, Karen Simon bought around 50k shares on-market at roughly ₪44.88 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Karen's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 13
CFO & Executive Director recently sold ₪2.2m worth of stock On the 7th of September, Panagiotis Benos sold around 40k shares on-market at roughly ₪54.47 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Panagiotis' only on-market trade for the last 12 months. Reported Earnings • Sep 10
First half 2023 earnings released: EPS: US$0.39 (vs US$0.67 in 1H 2022) First half 2023 results: EPS: US$0.39 (down from US$0.67 in 1H 2022). Revenue: US$587.6m (up 73% from 1H 2022). Net income: US$69.8m (down 41% from 1H 2022). Profit margin: 12% (down from 35% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Senior Independent Non-Executive Director Roy Franklin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 04
Upcoming dividend of US$0.30 per share at 8.4% yield Eligible shareholders must have bought the stock before 11 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.4%. Within top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (11%). Recent Insider Transactions • Apr 29
Non-Executive Director recently sold ₪30m worth of stock On the 25th of April, Efstathios Topouzoglou sold around 536k shares on-market at roughly ₪55.96 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪36m more than they bought in the last 12 months. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: US$0.097 (vs US$0.54 loss in FY 2021) Full year 2022 results: EPS: US$0.097 (up from US$0.54 loss in FY 2021). Revenue: US$737.1m (up 48% from FY 2021). Net income: US$17.3m (up US$113.3m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Combined production and costs Oil equivalent production: 15.038 MMboe (14.964 MMboe in FY 2021) Average production cost/Boe: US$18.90 (US$17.50/Boe in FY 2021) Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.0% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 05
Upcoming dividend of US$0.30 per share at 8.2% yield Eligible shareholders must have bought the stock before 12 March 2023. Payment date: 30 March 2023. Trailing yield: 8.2%. Lower than top quartile of Israeli dividend payers (8.6%). Higher than average of industry peers (7.0%). Announcement • Feb 09
Energean plc Announces Dividend for the Fourth Quarter of 2022, Payable on March 30, 2023 Energean plc announced a dividend of 30 cents per share for the fourth quarter of 2022. Ex-dividend Date: 9 March 2023. Record Date: 10 March 2023. Payment date is March 30, 2023 for London Stock Exchange. Ex-dividend Date: 12 March 2023. Record Date: 10 March 2023. Payment date is March 30, 2023 for Tel Aviv Stock Exchange. Upcoming Dividend • Dec 04
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 11 December 2022. Payment date: 30 December 2022. Trailing yield: 7.2%. Within top quartile of Israeli dividend payers (6.6%). Higher than average of industry peers (4.9%). Reported Earnings • Sep 09
First half 2022 earnings released: EPS: US$0.67 (vs US$0.20 loss in 1H 2021) First half 2022 results: EPS: US$0.67 (up from US$0.20 loss in 1H 2021). Revenue: US$339.0m (up 65% from 1H 2021). Net income: US$118.7m (up US$154.3m from 1H 2021). Profit margin: 35% (up from net loss in 1H 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.7% decline forecast for the Oil and Gas industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 25
Non-Executive Director recently sold ₪27m worth of stock On the 20th of January, Efstathios Topouzoglou sold around 656k shares on-market at roughly ₪40.81 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪22m more than they bought in the last 12 months. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Roy Franklin was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 05
First half 2021 earnings released: US$0.20 loss per share (vs US$0.43 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$205.5m (up US$203.4m from 1H 2020). Net loss: US$35.6m (loss narrowed 54% from 1H 2020). Recent Insider Transactions • Jul 17
Non-Executive Director recently bought ₪3.0m worth of stock On the 15th of July, Efstathios Topouzoglou bought around 100k shares on-market at roughly ₪30.26 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₪9.5m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 20
Full year 2020 earnings released: US$0.52 loss per share (vs US$0.51 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$28.0m (down 63% from FY 2019). Net loss: US$91.4m (loss widened 9.7% from FY 2019). Combined production and costs Oil equivalent production: 1.331 MMboe (1.209 MMboe in FY 2019) Average production cost/Boe: US$21.40 (US$21.50/Boe in FY 2019) Recent Insider Transactions • Mar 23
Independent Non-Executive Chairman recently bought ₪467k worth of stock On the 18th of March, Karen Simon bought around 12k shares on-market at roughly ₪40.57 per share. This was the largest purchase by an insider in the last 3 months. Karen has been a buyer over the last 12 months, purchasing a net total of ₪1.6m worth in shares. Is New 90 Day High Low • Feb 15
New 90-day high: ₪42.08 The company is up 40% from its price of ₪29.96 on 17 November 2020. The Israeli market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₪537 per share. Is New 90 Day High Low • Jan 06
New 90-day high: ₪34.80 The company is up 48% from its price of ₪23.57 on 08 October 2020. The Israeli market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₪104 per share. Is New 90 Day High Low • Nov 02
New 90-day low: ₪22.60 The company is down 14% from its price of ₪26.35 on 04 August 2020. The Israeli market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₪120 per share. Recent Insider Transactions • Sep 30
Non-Executive Director recently bought ₪197k worth of stock On the 24th of September, Efstathios Topouzoglou bought around 8k shares on-market at roughly ₪24.69 per share. In the last 3 months, they made an even bigger purchase worth ₪980k. Insiders have collectively bought ₪21m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 23
Non-Executive Director recently bought ₪423k worth of stock On the 16th of September, Efstathios Topouzoglou bought around 17k shares on-market at roughly ₪24.27 per share. In the last 3 months, they made an even bigger purchase worth ₪980k. Insiders have collectively bought ₪20m more in shares than they have sold in the last 12 months. 
