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Ithaca Energy Swings to H1 Profit; Revenue Up

MT Newswires·08/19/2026 02:37:04
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02:37 AM EDT, 08/19/2026 (MT Newswires) -- Ithaca Energy (ITH.L) said Wednesday that it swung to a profit for the first half, while revenue rose year over year. Profit for the six months ended June 30 was $127 million, compared with a loss of $217.5 million earlier. EPS came in at $0.076 from a per-share loss of $0.132. The oil and gas company's revenue was $1.67 billion, compared with $1.45 billion a year ago. Meanwhile, the board declared a dividend of $0.1542 per share for the interim period, payable Sept. 24 to shareholders on record Sept. 4. Looking ahead, Ithaca Energy updated its 2026 dividend guidance range to between $500 million and $530 million from the previous range of $470 million to $520 million.