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Energean plc (ENOG.L)

Energy Out of favour

Energean is an independent gas producer focused on the Mediterranean, supplying vital energy while managing large development projects.

£7.63
≈ 763p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Energean plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: established gas supplier in a high-demand region. Worth weighing: recent net losses weigh on the bottom line. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-23.6%
52-week range-17% past year
£7.63
Low £6.75High £10.42
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Energean plc
£764-24%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Energean plc actually fallen?

−38%

Over the last 2 years of daily prices, Energean plc fell as much as −38% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£1.41B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
407.80K
Day range: The lowest and highest price the shares traded at during the latest day.
£7.33 – £7.63
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£6.75 – £10.42
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
4.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.23
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.23
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +2% past week · ▼ -17% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

fully realised gas fields generating reliable cash returns

The bear case

premature field depletion or shifting energy policies

What does Energean plc do?

Energean carves out its space in the energy sector by hunting for and pumping natural gas primarily across the Mediterranean region, competing with much larger oil and gas giants. It brings in cash by selling this gas under long-term contracts to growing markets that desperately need reliable power sources. The crucial detail to keep an eye on is how smoothly its big capital-intensive projects come online without unexpected delays or ballooning costs.

VQGMI
Factor profile

On our factor screen it looks strongest on value and income, and weakest on quality.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 64Quality: How profitable and financially healthy the company is (higher = stronger). 9Growth: How fast revenue and earnings are growing (higher = faster). 27Momentum: How the share price has been trending recently (higher = stronger recent run). 22Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 40
Quick checks
What's strong
  • established gas supplier in a high-demand region
  • offers an appealing headline dividend yield
  • low valuation multiples based on near-term forecasts
What to watch
  • Quality screens low (9/100)
  • Growth screens low (27/100)
  • Momentum screens low (22/100)
  • geopolitical tensions in the Mediterranean operational hubs
  • heavy reliance on massive engineering projects going to plan

What do Energean plc's numbers mean?

Forward P/E
3.6
This compares the share price to expected future earnings, sitting at a low level that implies investors anticipate lower profits or face high risks ahead.
Lower than most of the 29 Energy shares we cover
Gross margin
33.7%
This shows that for every pound of gas sold, about a third remains after covering direct production costs.
Around the middle of the 29 Energy shares we cover
Dividend yield
4.0%
This indicates the annual cash payout relative to the share price, offering a notable income stream for investors willing to weather industry bumps.
Higher than most of the 29 Energy shares we cover
Market cap
£1.4B
This is the total market value of the company's shares, placing it comfortably in the mid-sized category on the London Stock Exchange.

How much money does Energean plc make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$137.62M$275.25M$412.87M$550.50MQ4 24Q1 25Q2 25Q1 26
Gross margin
33.7%
Net margin
-14.9%
Return on equity
-71.6%

Does Energean plc pay a dividend?

Yes - Energean plc currently pays a dividend of about 4.0% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Energean plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield4.0%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio163%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover0.6×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Energean plc report earnings, and how did recent quarters go?

Energean plc is next scheduled to report on about 2026-09-09 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Energy

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What are the scenarios for Energean plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£11£8£5today · £8▲ Bull · £9• Base · £8▼ Bear · £6in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%smooth operational updates and steady gas prices
Base
-5% to +5%business as usual with flat commodity markets
Bear
-15% to -25%operational setbacks or regional security friction

What are the pros and cons of Energean plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • established gas supplier in a high-demand region
  • offers an appealing headline dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
  • low valuation multiples based on near-term forecasts
The catch3
  • recent net losses weigh on the bottom line
  • negative return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. shows difficulty generating profits from shareholder funds
  • recent share price momentum has drifted downwards
Key risks3
  • geopolitical tensions in the Mediterranean operational hubs
  • heavy reliance on massive engineering projects going to plan
  • exposure to volatile global gas prices
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.