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Ithaca Energy doubled production and boosted profits in 2025, raising output target and dividend.
Ithaca Energy reported a surge in production and profitability for the first nine months of 2025, with average output rising to 115,000 barrels of oil equivalent per day, more than double 2024 levels, driven by asset integration and maintenance.
Adjusted EBITDAX reached $1.5 billion, operating costs fell to $19.10 per barrel, and the company strengthened its balance sheet with new financing.
Ithaca raised its fourth-quarter exit rate target to 145,000 boepd, confirmed a $500 million dividend for 2025, and advanced growth projects including a farm-in to the Tobermory gas discovery.
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Ithaca Energy duplicó la producción e impulsó las ganancias en 2025, aumentando el objetivo de producción y el dividendo.