Ithaca Energy plc (ITH.L)
Ithaca Energy is a North Sea oil and gas producer focused on extracting fossil fuels from UK waters.
Is Ithaca Energy plc a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Generates substantial cash returns for shareholders through a high dividend yield. Worth weighing: Profit margins are squeezed with a modest net margin. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
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 Ithaca Energy plc actually fallen?
Over the last 2 years of daily prices, Ithaca Energy plc fell as much as −35% 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.
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.
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.
Fossil fuels remain in high demand longer than anticipated.
Accelerated phase-out of North Sea drilling renders reserves worthless.
What does Ithaca Energy plc do?
Operating in the mature North Sea basin, this company explores for and produces oil and gas to help meet domestic energy demands. Revenue flows in by selling these extracted commodities directly to the energy market. The key detail to keep an eye on is how quickly its aging wells naturally deplete alongside changing government policies on North Sea taxation.
On our factor screen it looks strongest on growth and momentum, and weakest on quality.
- ✓Pays a dividend - about 13.2% a year
- ✓Growing - revenue up about 25% over the year
- Growth screens high (87/100)
- Momentum screens high (71/100)
- Generates substantial cash returns for shareholders through a high dividend yield
- Delivering strong year-on-year revenue growth
- Lower price volatility than the broader market as measured by beta
- Changes to UK government tax regimes on North Sea operators
- Rapidly fluctuating global oil and gas market prices
- Unexpected technical issues or delays at offshore production sites
What do Ithaca Energy plc's numbers mean?
How much money does Ithaca Energy plc make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Does Ithaca Energy plc pay a dividend?
Yes - Ithaca Energy plc currently pays a dividend of about 13.2% 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 Ithaca Energy 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.
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 Ithaca Energy plc report earnings, and how did recent quarters go?
Ithaca Energy plc is next scheduled to report on about 2026-08-19 - 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.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-03-18 | £0.09 | £0.02 | Missed -76% |
| 2025-11-19 | £0.06 | £0.06 | Missed -2% |
| 2025-08-20 | £0.07 | £0.03 | Missed -66% |
| 2025-05-20 | £0.11 | £-0.16 | Missed -243% |
| 2024-11-20 | £0.03 | £0.03 | Missed -3% |
| 2024-08-22 | £0.05 | £0.06 | Beat +24% |
Across the last 6 quarters here, Ithaca Energy plc came in ahead of what analysts expected 1 time. One quarter is noise, not a trend.
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.
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An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of Ithaca Energy plc?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Generates substantial cash returns for shareholders through a high dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
- Delivering strong year-on-year revenue growth: How fast the company's sales grew versus a year ago.
- Lower price volatility than the broader market as measured by beta
- Profit margins are squeezed with a modest net margin: How much of each £1 of sales becomes profit after all costs. Higher = more profitable per sale.
- Operates in a politically sensitive sector exposed to windfall taxes
- Relies on depleting natural resources that require constant reinvestment
- Changes to UK government tax regimes on North Sea operators
- Rapidly fluctuating global oil and gas market prices
- Unexpected technical issues or delays at offshore production sites
The write-up's own warning lights — if these start happening, the case above changes.
- A permanent slashing of the dividend payout
- Major structural changes to UK North Sea energy taxation policy
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.