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Ithaca Energy reported a 44% decrease in net income and adjusted EBITDAX, with earnings falling to $533m from $979.7m in 2023.
Ithaca Energy reported a 44% decrease in net income and adjusted EBITDAX in its first half results with earnings falling to $533m from $979.7m in 2023.
Production averaged 53,000 barrels of oil equivalent per day, down from 75,800 daily barrels in the same period last year.
The company plans to transform into a major player in the UK Continental Shelf through a business combination with Eni UK's upstream oil and gas assets, expected to make the combined group the largest resource holder in the UKCS with forecasted production of 100,000-110,000 boepd in 2024.
Ithaca Energy declared a $100m interim dividend for September and reaffirmed its commitment to delivering up to $500m in total dividends annually for 2024 and 2025.
Ithaca Energy informó una disminución del 44% en los ingresos netos y el EBITDAX ajustado, con ganancias que cayeron a $ 533 millones desde $ 979.7 millones en 2023.